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.

28 April 2026

Active Energy Group plc

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

Update on Proposed Collaboration with Bitdeer Technologies Group

Further to the Company's announcement on 24 April 2026 regarding the signing of a Letter of Intent ("LOI") with Bitdeer Technologies Group (NASDAQ: BTDR) ("Bitdeer"), Active Energy Group plc provides an update on progress in relation to the proposed collaboration.

The LOI is subject to due diligence, agreement of final commercial terms and execution of definitive documentation.

8MVA Site to Act as Initial Pilot Deployment

It has been agreed in principle that the Company's 8MVA site in the UAE, which is approaching energisation, will be utilised as the initial pilot deployment under the proposed partnership, subject to final agreement.

This pilot is intended to act as an operational benchmark, enabling both parties to assess and refine the technical, commercial and operational parameters of the proposed model ahead of any wider rollout.

The Company is currently undertaking site configuration and optimisation works to align the asset with the proposed structure.

Indicative Economic Model

The proposed structure is expected to be infrastructure-led, with Active Energy providing power, hosting and operational delivery, and Bitdeer deploying equipment.

On an indicative basis only, and subject to final terms and operating conditions, the site is expected to deliver:

·      Infrastructure and power revenues of c.US$300,000 per MVA per annum

·      Digital asset production: c.8.3 BTC per MVA per annum, subject to network conditions

There can be no certainty that these indicative outcomes will be achieved.

The Board believes the use of an initial pilot deployment provides a disciplined and lower-risk pathway from LOI to potential scaled execution.

Paul Elliott, CEO of Active Energy Group plc, commented:

"The 8MVA site represents the first step in progressing the Bitdeer relationship from framework into execution.

By using this site as a pilot, we can validate the model in a controlled way and establish a clear pathway to scale.

This approach allows us to focus on our core strength - securing and delivering infrastructure - while leveraging partner capabilities for deployment."

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