Pressure Technologies : Notice of Meeting 2023

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THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to the action you should take, you are recommended to seek your own independent financial advice from your stockbroker, bank manager, solicitor, accountant or other independent financial adviser authorised under the Financial Services and Markets Act 2000 if you are resident in the United Kingdom, or if you reside elsewhere, from another appropriately authorised independent financial adviser.

If you have sold or transferred all your ordinary shares in Pressure Technologies PLC, please forward this document, together with any documents that accompany it, as soon as practicable to the purchaser or transferee, or to the stockbroker, bank or other person through whom the sale or transfer was effected, so they can pass these documents to the person who now holds the shares.

Pressure Technologies plc

(Incorporated in England & Wales with registered number 06135104)

NOTICE OF THE

2023 ANNUAL GENERAL MEETING

Notice of the 2023 Annual General Meeting of Pressure Technologies PLC, to be held at the offices of Singer Capital Markets, 1 Bartholomew Lane, London EC2N 1AX on Friday 31 March 2023 at 09:30 am, is set out on pages 4 to 7 of this document.

Your attention is drawn to the letter from the Chair on pages 2 to 3 of this document which sets out the arrangements for the meeting. You are encouraged to appoint the Chair of the meeting as your proxy and to give instructions on how the Chair should vote on each of the resolutions in advance of the meeting. To be valid, the proxy appointment must be received at the address for delivery specified in the Notes to the notice of AGM by no later than 09:30 am on 29 March 2023.

Pressure Technologies plc Notice of Meeting 2023

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Questions

Shareholders are invited to submit any questions that they have on the business of the AGM by email to PressureTechnologies@houston.co.uk

AGM results

The results of the AGM will be published on the Company's website at www.pressuretechnologies.com following the meeting.

Please note that you should not use any electronic address provided in this document, or in any related document (including the accompanying form of proxy), to communicate with the Company for any purposes other than those expressly stated.

Recommendation

The Board considers that each of the proposed resolutions set out in the notice of AGM are in the best interests of the Company and are most likely to promote the success of the Company for the benefit of its members as a whole. The Directors unanimously recommend that shareholders vote in favour of the resolutions, as they intend to do in respect of their own beneficial shareholdings.

Yours faithfully

Nick Salmon

Chair

Pressure Technologies plc Notice of Meeting 2023

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Special resolutions

Resolution 10: THAT the Company be generally and unconditionally authorised for the purpose of section 701 of the Act to make market purchases (within the meaning of section 693(4) of the Act) of ordinary shares of 5p each in the capital of the Company on such terms and in such manner as the directors may from time to time determine, provided that:

1. the maximum aggregate number of ordinary shares which may be purchased is 5,796,208 (being approximately 14.99% of the issued ordinary share capital as at 6 March 2023);
2. the minimum price (excluding expenses) which may be paid for each ordinary share is 5p;
3. the maximum price (excluding expenses) which may be paid for each ordinary share is an amount equal to 105% of the average of the middle market quotations of an ordinary share in the Company, as derived from the London Stock Exchange Daily Official List, for the five business days immediately before the day on which the purchase is made.

The authority conferred by this resolution shall expire (unless previously renewed, varied or revoked by the Company in general meeting) at the conclusion of the Company's next annual general meeting or, if earlier,

15 months after the passing of this resolution, save that the Company may, before the expiry of the authority granted by this resolution, enter into a contract to purchase ordinary shares which may be executed wholly or partly after the expiry of such authority.

Resolution 11: THAT, the Directors are empowered pursuant to section 570(1) of the Act to allot equity securities (as defined in section 560(1) of the Act) of the Company wholly for cash pursuant to the authority of the Directors under section 551 of the Act conferred by Resolution 9 above as if the provisions of section 561(1) of the Act did not apply to such allotment provided that the power conferred by this resolution shall be limited to:

1. the allotment of equity securities in connection with an invitation to apply for, or offer of, equity securities in favour of the holders of ordinary shares in the capital of the Company (excluding any shares held by the Company as treasury shares (as defined in section 724(5) of the Act)) on a fixed record date in proportion (as nearly as practicable) to the respective number of ordinary shares in the capital of the Company held by them or in accordance with the rights attached to such shares (but subject to such exclusions or other arrangements as the Directors may deem necessary or expedient in relation to fractional entitlements or as a result of legal, regulatory or practical problems arising under the laws of or the requirements of any overseas territory or by virtue of shares being represented by depository receipts or the requirements of any regulatory body or stock exchange or any other matter whatsoever); and
2. the allotment of equity securities (otherwise than pursuant to the power referred to in sub-paragraphs
   (a) above) of up to an aggregate nominal value equal to £193,336 (being approximately 10% of the issued ordinary share capital as at 6 March 2023),

and provided that unless previously revoked, varied or extended, this power shall expire upon the earlier of the conclusion of the next annual general meeting of the Company and the date which is 15 months from the date of passing of this resolution, except that the Directors can during such period make offers or arrangements which could or might require the allotment of equity securities after the expiry of such period.

By order of the Board

Pressure Technologies plc

Pressure Technologies Building

Meadowhall Road

Sheffield

S9 1BT

7 March 2023

Pressure Technologies plc Notice of Meeting 2023