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

17 March 2026

Active Energy Group plc

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

Active Energy Expands Grid Infrastructure Portfolio with Additional Acquisition

Further to the Company's announcement of 10 March 2026 regarding the proposed acquisition of the Ghummud grid connection asset in Abu Dhabi, Active Energy (AIM: AEG - OTID: AEUSF) is pleased to announce that it has agreed terms to acquire an additional energised grid connection infrastructure asset in the same region (the "Acquisition).

The asset comprises a 1.5 megavolt-ampere ("MVA") grid connection, providing approximately 1.275 megawatts ("MW") of available load (the "Asset"). The connection requires only modest upgrade works prior to the deployment of digital infrastructure.

The Asset itself is non-operational, consisting solely of the energised grid connection, transformer infrastructure and associated land rights.

Following completion and the planned minor upgrade works, Active Energy intends to deploy its modular digital infrastructure layer, enabling the site to provide access to ultra-low-cost power under structured off-take agreements for high-performance compute ("HPC") and digital hosting clients.

The vendor of this Asset is independent from the vendor of the previously announced Ghummud site, further demonstrating the Company's ability to source grid infrastructure opportunities across the region. The Board believes that current market conditions may present additional opportunities to secure energised power infrastructure assets at attractive entry points as some investors reassess development timelines.

Together with the previously announced 3.5 MVA Ghummud site, these two newly secured grid connections will provide approximately 5 MVA of energised capacity available for digital infrastructure deployment.

When combined with the Company's existing 8 MVA of grid capacity, Active Energy will have secured approximately 13 MVA of energised power infrastructure, providing a cornerstone platform from which the Company expects to transition into revenue-generating operations and positive cash flow as infrastructure is deployed and capacity contracted.

Consideration

Total consideration for the proposed Acquisition is £850,000, structured as follows:

Equity - £450,000

To be satisfied by the issue of new ordinary shares in Active Energy at 0.1 pence per share, representing a premium to the most recent closing market price of 0.08 pence per share, being 16 March 2026, subject to the required shareholder authorities to allot new ordinary shares.

The new shares issued as part of the equity consideration will be subject to a 12-month lock-in, aligning the vendor with the Company's long-term growth strategy.

Deferred Cash - £400,000

The cash element of the consideration will be again deferred at two equal parts over a 12-month period following completion, consistent with the payment structure agreed for the Ghummud acquisition.

The Board believes this structure demonstrates strong capital discipline by utilising Company equity issued at a premium to recent trading levels while deferring cash consideration to preserve the Company's balance sheet as infrastructure is deployed.

The Acquisition remains subject to the completion of customary due diligence and the execution of definitive agreements.

Further announcements will be made as and when appropriate

Paul Elliott, CEO of AEG, commented:

"Securing a second grid connection so soon after the Ghummud announcement demonstrates the momentum we are building in assembling ultra-low-cost energised power infrastructure in the region.

These two newly acquired sites provide approximately 5 MVA of deployable capacity and, when combined with our existing infrastructure, give Active Energy access to around 13 MVA of energised grid capacity.

This forms the cornerstone of our strategy to transition from development to operating ultra-low-cost power infrastructure, enabling us to deploy modular digital infrastructure, secure off-take agreements and move toward becoming a revenue-generating and cash positive business."