This is a Reach (i.e. non-regulatory) announcement and the information contained is not considered to be material or to have a significant impact on management's expectations of the Company's performance

26 January 2026

Active Energy Group plc

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

Proposed UAE Joint Venture to Support Scalable Digital Infrastructure Growth

Active Energy Group plc (AIM: AEG | OTC: AEUSF), the renewable energy and digital infrastructure company, is pleased to announce that it has entered into a non-binding Memorandum of Understanding ("MOU") with two existing United Arab Emirates ("UAE")-based partners to explore the formation of a proposed joint venture ("JV") focused on digital infrastructure operations and related Bitcoin mining in the UAE.

Under the proposed JV framework, Active Energy would lead overall strategy, project development, energy optimisation and performance oversight, as well as the structuring and securing of growth capital, where appropriate, through a combination of equity and debt markets.

One of the proposed UAE JV partners is an established regional operator with deep technical and operational expertise in digital infrastructure, including hosting and AI-focused compute environments. This partner would be responsible for day-to-day technical operations, infrastructure management and optimisation of hosting performance across the JV's facilities.

The second proposed UAE JV partner has extensive international relationships with hosting and digital infrastructure clients, together with a well-established sales and commercial platform. This partner is expected to support client acquisition, capacity marketing and utilisation, and to assist in securing demand for any newly developed capacity as the platform scales.

The proposed JV is intended to support the efficient and phased expansion of Active Energy's UAE digital infrastructure platform in line with the Group's previously stated medium-term capacity objectives. Initial activities are expected to focus on supporting the operation and optimisation of existing capacity and near-term development phases, with further expansion subject to market conditions, capital availability and client demand.

The Company views the JV structure as a key mechanism to enable growth without the need to materially increase head office costs or central operational resources. By leveraging the technical, operational and commercial capabilities of its partners, Active Energy aims to maintain a lean central cost base, while ensuring that execution capability scales in line with project development.

This approach is consistent with Active Energy's broader business model of forming partnerships and joint ventures with strategically aligned companies to deliver growth in a capital-efficient manner, sharing execution responsibilities and potential upside, while preserving balance sheet flexibility.

The MOU is non-binding and subject to the completion of definitive agreements. A further announcement will be made in due course should the discussions progress.

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