Velocys PLC - Planning application update

News Release

Velocys plc

("Velocys" or "the Company")

9 April 2020

Planning application update

Velocys continues to progress the planning application on behalf of Altalto Immingham Limited to develop the first commercial scale sustainable aviation fuel facility in the UK.

The Company has been working closely throughout with North East Lincolnshire Council (NELC) and with all statutory consultees as part of the usual planning process.

As part of this process, an Addendum to the Environmental Statement has now been submitted, providing additional information and technical clarifications to assist in the consideration of the application by consultees. The further information presented in the Addendum will now be subject to the usual 30-day consultation period. Alongside the existing Environmental Statement, it will form part of the formal planning application to NELC and can be viewed on the NELC website.

Henrik Wareborn, Velocys CEO, said:

"Through our positive dialogue with all consultees and the Environmental Statement Addendum we are confident that we have provided all necessary additional information at this stage, and we look forward to completing the planning process."

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Notes to Editors

Velocys is an international UK-based sustainable fuels technology company. Velocys designed, developed and now licenses proprietary Fischer-Tropsch technology for the generation of clean, low carbon, synthetic drop-in aviation and transport fuel from municipal solid waste and waste woody biomass.

Velocys is currently developing projects in Natchez, Mississippi, USA (incorporating Carbon Capture and Storage) and Immingham, UK to produce fuels that significantly reduce both greenhouse gas emissions and key exhaust pollutants for aviation and road transport. Originally a spin-out from Oxford University, in 2008 the company acquired a US company based on complementary technology developed at the Pacific Northwest National Laboratory. Velocys is headquartered in Oxford in the United Kingdom.

www.velocys.com