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

31 March 2026

Active Energy Group plc

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

Operational Deployment & UAE Expansion Update

Active Energy Group Plc provides an update on its UAE operations and near-term growth strategy.

On-the-Ground Deployment & Project Delivery

The Company confirms that a senior member of its management team is being deployed to the UAE with immediate effect to oversee execution across key operational workstreams.

The immediate priority is the final delivery and energisation of the Company's 8MVA project, which remains on track for completion by the end of April, in line with the previous announcement on 9 March 2026.

In parallel, the local team is progressing commercial discussions with prospective customers regarding the allocation of data hosting capacity following energisation, with the aim of supporting near-term revenue generation.

Once fully operational and based on current deployment assumptions, the site is expected to generate approximately US$3.5 million in annual revenue, at an estimated c.50% gross margin, equating to approximately US$1.75 million in annual gross profit, which the partners intend to reinvest directly into the development of subsequent phases. This reinvestment strategy provides a self-funding growth model, enabling the Company to accelerate its rollout programme while maintaining financial discipline. These estimates are subject to prevailing market conditions, asset utilisation and operating performance.

Ghummud & Kazna - Deployment to Revenue

In addition, the management team will focus on completing the acquisitions and progressing the deployment and commissioning of the Company's recently secured 5MVA grid-connected assets at Ghummud and Kazna.

Execution is currently focused on:

·      Finalising site readiness and infrastructure integration;

·      Deployment of modular data units across both locations;

·      Grid connection, energisation and testing; and

·      Transition into revenue-generating operations.

The Company is targeting operational readiness for both sites within 10-12 weeks, subject to normal execution and commissioning processes.

At steady state, Ghummud and Kazna are expected to contribute approximately US$2.6 million in annual revenue and approximately US$1.2 million in annual free cash flow, forming an important part of the Company's near-term cash flow profile. These estimates are subject to prevailing market conditions, asset utilisation and operating performance.

Pipeline & Re-Engagement of Initiatives

While on the ground, the team will also re-engage with several previously identified initiatives that have stalled due to recent market conditions.

These initiatives are not new site acquisitions, but complementary programmes intended to be deployed alongside existing and newly acquired assets. They are designed to enhance the Company's overall offering, with a focus on improving utilisation, operational efficiency and revenue potential across its infrastructure base.

The Company believes that, as conditions stabilise, a number of these initiatives may now be progressed in parallel with its core deployment activities.

Further updates will be provided as appropriate.

Accelerated Acquisition Strategy

The Board believes the current UAE market environment continues to present several potential opportunities, with certain operators and investors pausing or adjusting rollout plans.

This may result in assets becoming available on more favourable terms.

Active Energy is assessing these opportunities and, where appropriate, may pursue structured acquisitions, including deferred consideration and selective equity participation.

The Company continues to target its 100MW strategy, with a near-term focus on securing additional capacity over the coming months.

By focusing on energised or near-complete assets, the Company aims to reduce execution timelines and support earlier revenue generation.

Chairman's Statement

Paul Elliott, Chairman of Active Energy Plc, commented:

"We continue to see encouraging developments within our target markets, with a number of opportunities emerging alongside our existing operational progress.

The Board remains focused on disciplined execution, bringing assets into operation efficiently, and building a platform capable of supporting sustainable growth.

We are carefully evaluating a range of funding options to ensure the Company is well positioned to progress its strategy while maintaining alignment with shareholders."