2 January 2024

i(x) Net Zero PLC

("i(x) Net Zero" or the "Company")

i(x) Net Zero investment Enphys Acquisition Corp. Proposes Further Extension for Initial Business Combination

i(x) Net Zero PLC (AIM: IX.), the investing company which focuses on the Energy Transition, announces that Enphys Acquisition Corp. (NYSE: NFYS, "Enphys") has filed a preliminary proxy statement in connection with an extraordinary general meeting of shareholders of Enphys for the purpose of, among other things, further extending the time by which it has to consummate an initial business combination from 8 February 2024 (previously shortened from the initial proposed timeline of July 2024) to 8 June 2024 (the "Extension"). The Extension is subject to approval by Enphys shareholders and a further announcement will be made in due course.

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Notes to Editors

About i(x) Net Zero PLC

i(x) Net Zero PLC is an AIM quoted investing company that seeks to provides its shareholders with the opportunity to create long-term capital growth with positive, scalable, measurable and sustainable impact on the environment and on the communities it serves.

In accordance with its belief that the world's biggest problems are also the biggest market opportunities, i(x) Net Zero focuses on two critical areas in which it aims to make a positive impact: (i) Energy Transition and (ii) Sustainability in the Built Environment.

The Company uses a multi-strategy investment approach, providing the companies in which it invests with the expertise and catalytic capital to help them grow. To date, i(x) Net Zero has invested in biofuels, direct air capture (carbon removal), renewable energy, sustainable workforce housing and net zero construction technology.

i(x) Net Zero is a  signatory to the UN Principles for Responsible Investing. 

The Company has received the London Stock Exchange's Green Economy Mark.