ITM POWER PLC — Director's Dealing 2026

Apr 13, 2026

National Storage Mechanism | Additional information RNS Number : 1730A ITM Power PLC 13 April 2026 13 April 2026 ITM Power plc Grants under Deferred Annual Bonus Plan ITM Power plc (the "Company") announces that on 10 April 2026 awards over ordinary shares of £0.05 each in the capital of the Company were granted to certain employees under the ITM Power PLC Deferred Annual Bonus Plan ("DBP"). No consideration is payable for the grant of the awards which are structured as nominal cost options at an option exercise price of £0.05 per ordinary share. The number of ordinary shares granted under the award has been calculated using a share price of 71.375 pence, being the closing middle market quotation as derived from the daily official list on 10 April 2026. The awards are normally subject to a two-year vesting period from the date of grant and were originally intended to be issued in August 2025. However, the awards were delayed due to an extended close period in connection with the recently announced Great British Energy Group Limited investment and Department for Energy Security and Net Zero grant intention. As a result of this, the vesting date will be 15 August 2027. This is to ensure the participants are not disadvantaged due to the extended closed period. As this award was derived from a portion of the participants' 2025 annual bonus entitlement, where certain performance conditions have been met, these awards are not conditional on the achievement of further performance conditions, other than the participant being a director or employee within the Company's group at the time of vesting. The DBP awards granted to Executive Directors (who are Persons Discharging Managerial Responsibilities) are as follows: Name of Director/PDMR Number of Shares over which the DBP Award is granted Dennis Schulz, CEO 179,510 Amy Grey, CFO 35,211 Simon Bourne, CTO 94,571 The notification is intended to satisfy the Company's obligations under Article 19 of the Market Abuse Regulations. Enquiries: ITM Power plc +44 (0)114 263 7646 Huan Quayle (Company Secretary) Justin Scarborough (Investor Relations) Berenberg +44 (0)20 3207 7800 Ciaran Walsh, Harry Nicholas J.P. Morgan Cazenove +44 (0)20 7742 4000 Richard Perelman, Charles Oakes 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Dennis Schulz 2 Reason for the notification a) Position/status Chief Executive Officer b) Initial notification /Amendment Initial Notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name ITM Power PLC b) LEI 21380042MB2JKZ6RRP12 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument Options over ordinary shares of 5p each Identification code ISIN: GB00B0130H42 b) Nature of the transaction Issue of Options c) Price(s) and volume(s) Price(s) Volume(s) Nominal cost option 179,510 d) Aggregated information - Aggregated volume 179,510 - Price NA e) Date of the transaction 10 April 2026 f) Place of the transaction Outside a trading venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Simon Bourne 2 Reason for the notification a) Position/status Chief Technology Officer b) Initial notification /Amendment Initial Notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name ITM Power PLC b) LEI 21380042MB2JKZ6RRP12 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument Options over ordinary shares of 5p each Identification code ISIN: GB00B0130H42 b) Nature of the transaction Issue of Options c) Price(s) and volume(s) Price(s) Volume(s) Nominal cost option 94,571 d) Aggregated information - Aggregated volume 94,571 - Price NA e) Date of the transaction 10 April 2026 f) Place of the transaction Outside a trading venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Amy Grey 2 Reason for the notification a) Position/status Chief Financial Officer b) Initial notification /Amendment Initial Notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name ITM Power PLC b) LEI 21380042MB2JKZ6RRP12 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument Options over ordinary shares of 5p each Identification code ISIN: GB00B0130H42 b) Nature of the transaction Issue of Options c) Price(s) and volume(s) Price(s) Volume(s) Nominal cost option 35,211 d) Aggregated information - Aggregated volume 35,211 - Price NA e) Date of the transaction 10 April 2026 f) Place of the transaction Outside a trading venue -ends- This information is provided by RNS, the news service of the London Stock Exchange. 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