This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

1 October 2025

Active Energy Group plc

("Active Energy", the "Company" or the "Group")

AEG Announces 300 MW UAE Pipeline; First 8 MW Underway with Expansion to 33 MW Submitted

Active Energy Group plc ("AEG" or the "Company"), an alternative energy company focused on the deployment of renewable infrastructure and the integration of advanced digital technologies, is pleased to announce the signing of Heads of Terms ("HOTs") with a third-party (the "Party") for the first stage of its 300 MW United Arab Emirates ("UAE") pipeline, together with significant progress in its strategic rollout of digital infrastructure in the region.

Construction of the initial 8 MW has commenced and is targeted for completion by January 2026, with an application already submitted to increase capacity at the site by a further 25 MW to 33 MW. This first stage, requiring a total investment of $2.5m, demonstrates both the speed to deployment and the capital efficiency of the Company's modular rollout model.

Heads of Terms Signed

As part of its growth strategy, the Company is capitalising on its renewable energy expertise by harnessing surplus energy from both renewable and conventional sources, enabling access to ultra-low-cost power in the UAE.

The Company is pleased to confirm that HOTs have been agreed for the initial 8 MW development phase of its UAE infrastructure rollout, in line with its strategic plan to deliver up to 300 MW of capacity. Abu Dhabi National Energy Company PJSC has granted approval for an initial 8 MW connection at one of the designated project sites, and an application has been submitted to upgrade this capacity by an additional 25 MW, bringing the site to 33 MW.

Lease agreements have been formalised and site surveys completed, confirming both electrical connectivity and infrastructure readiness, with final legal sign-off expected imminently. All necessary permits have been secured, enabling contractors to mobilise and commence work on schedule. Construction completion targeted within three months. The Company aims to have the first 8 MW operational and hosting third-party clients by the end of 2025, with the additional 25 MW expected to follow thereafter.

The Company will move to finalise and execute a more detailed binding agreement and complete any outstanding conditions precedent.

Growth Roadmap - Modular & Scalable Delivery

Active Energy has developed a phased approach to capacity build-out, with the 8 MW + 25 MW upgrade (33 MW total) forming the foundation of its 300 MW pipeline:

·      Phase 1 (0-3 months): Deployment of first 8 MW, delivering near-term operational capacity.

·      Phase 2 (3-9 months): Expansion to 25 MW total on the same site (33 MW combined).

·      Phase 3 (9-24 months): Scale to 100 MW operational capacity, including the 33 MW site plus a new 60 MW site currently under negotiation, expected to be signed off in early 2026.

·      Phase 4 (24-36 months): Expansion to 200 MW to be deployed, with additional sites already identified ensuring deliverability on the scalability to the full 300 MW pipeline.

This modular approach ensures AEG can:

·      Deploy capacity quickly and efficiently.

·      Scale in step with confirmed client demand.

·      Reinvest profits, leveraging strong return of investment ("ROI") and margins from ultra-low-cost energy.

·      Reduce risk by building incrementally while accelerating delivery.

Harnessing Surplus Energy for Third-Party AI, Data & Blockchain Services

The Company's UAE pipeline offers a distinct competitive advantage, underpinned by access to ultra-low-cost renewable and conventional power - a critical driver of margins and ROI in both AI workloads and Bitcoin mining.

By deploying in 10 MW - 25 MW modular blocks, AEG can align capacity rollouts directly with Abu Dhabi National Energy Company PJSC approvals and permitting schedules. This ensures speed to market - with operational capacity achievable in months, not years - while maintaining capital efficiency and enabling incremental client onboarding.

The Company also sees opportunities to integrate ESG enhancements, including low-carbon energy sources, water-efficient cooling, and heat recapture systems. This strengthens AEG's offering to global AI, High Performance Computing, and blockchain clients seeking sustainable, high-performance hosting solutions.

AEG believes its 300 MW UAE pipeline, underpinned by ultra-low-cost power and modular scalability, positions the Company on a similar trajectory of accelerated growth and value creation.

Outlook

The first 8 MW is under construction and expected to be operational by January 2026, with the upgrade to 33 MW to follow. The planned 60 MW site currently under negotiation is expected to be finalised in early 2026, taking total deployed capacity to over 100 MW. AEG remains on track to deliver its 300 MW pipeline within 36 months and will provide further updates as milestones are achieved.

Paul Elliott, CEO of AEG, commented:

"Today marks the formal announcement of AEG's 300 MW UAE pipeline, with the first 8 MW already under construction and on track to be operational by January 2026. We have also applied to expand this site to 33 MW, which will significantly enhance our near-term scale.

Our roadmap is clear: 33 MW in place within months, followed by expansion to 100 MW through the addition of a 60 MW site that is already in negotiation and expected to be signed off in early 2026. Beyond this, our phased modular model allows us to scale to the full 300 MW pipeline within 36 months.

Ultra-low-cost energy is our USP. It allows us to deliver aggressive ROI and strong margins, reinvest quickly, and expand at speed. With exposure to both AI hyperscalers and Bitcoin mining clients, AEG is uniquely positioned to build a profitable, scalable infrastructure platform in one of the most competitive digital markets globally."

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