Market Update

21 December 2022

Molecular Energies PLC

("MEN" or the "Company")

Market Update

Molecular Energies PLC (AIM: MEN), the international energy company, states that an update on both its hydrocarbons business, which continues to be operationally profitable, as well as an update on the Green House Capital alternative energies division, is scheduled to be provided on 9 January 2023 being after the Group's year end.

Contact:

Molecular Energies PLC +44 (0)20 7016 7950

Nikita Levine, Investor Relations [email protected]

finnCap (Nominated Advisor and broker) +44 (0)20 7220 0500

Christopher Raggett, George Dollemore

Tavistock (Financial PR & IR) +44 (0)20 7920 3150

Simon Hudson, Nick Elwes, Charles Baister

Notes to Editors

Molecular Energies PLC is an AIM listed company at the forefront of energy development and has interests across the energy spectrum, from oil and gas projects to subdivisions in the green and alternative energy sub-sectors.

The Company has oil and gas production in two geographical markets: Argentina and the United States, as well as exploration assets in both Argentina and Paraguay. The Company also has two separate subdivisions which are focused on early-stage opportunities in the green and/or alternative energy sub-sector.

Activities in the green and alternative energy space are being carried out under the Green House Capital brand and through AIM listed ATOME Energy PLC operating in Paraguay and Iceland, producing green hydrogen and ammonia for use in fuels.

With a strong strategic and institutional base of support, an in-country management team as well as the Chairman whose interests as the largest shareholder are aligned to those of its shareholders, Molecular gives UK investors access to an energy growth story combined with world class standards of corporate governance, environmental and social responsibility.

[The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR"). The person who arranged for the release of this announcement on behalf of the Company was Peter Levine, Chairman.]

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