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.

7 May 2026

Active Energy Group plc

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

Execution of UAE Crypto Mining Licensing & Strategic Facilitation Agreement

Active Energy (AIM: AEG | OTC: AEUSF) is pleased to announce that its subsidiary, Active Mining Group, has entered into a services and facilitation agreement (the "Agreement") with the Private Office of His Highness Sheikh Mohammed bin Ahmed bin Hamdan bin Mohammed Al Nahyan (the "Sheikh's Office") and Black Road Investment Group and its affiliated companies ("Black Road") as a liaison partner.

The Agreement establishes a framework to support the Company's continued expansion within the United Arab Emirates' regulated digital asset mining sector, with a focus on ultra-low cost power access, licensing and infrastructure scaling.

Key Highlights

·      Enhanced Licensing Position - Abu Dhabi:

o  Active Mining Group already operates under multiple licences across the UAE. This Agreement supports the addition of a dedicated Abu Dhabi cryptocurrency mining licence, strengthening and enhancing the Company's existing regulatory position and providing greater clarity for scaled operations within a key jurisdiction.

·      Strategic Support from Sheikh's Office:

o  The involvement of the Sheikh's Office provides an important layer of institutional support in navigating regulatory processes, infrastructure access and stakeholder engagement, which are critical factors in executing large-scale projects within the UAE.

·      Initial Deployment & Scaling Strategy (50 MVA):

o  The Agreement is structured to facilitate the development and aggregation of an initial 50 Megavolt-Ampere ("MVA") of capacity across multiple sites within the UAE, including sites owned or controlled by Black Road and its affiliates, many of which are aligned with the Sheikh's Office.

o  This opportunity has been originated and advanced through the Company's in-country team, whose established relationships and continued presence in the UAE are enabling access to strategic counterparties, power allocation and site-level opportunities.

·      Government & Infrastructure Coordination:

o  Coordinated engagement with federal and emirate-level authorities, utilities and infrastructure providers to support efficient project delivery and ongoing operations.

·      Power & Site Enablement:

o  Support in identifying, securing and progressing ultra-low cost power capacity, land access and required approvals across multiple sites.

Strategic Context

This Agreement represents a key enabling component of Active Energy's UAE digital infrastructure strategy, strengthening both regulatory alignment and access to capacity.

The Company's strategy is based on combining:

·      Secured and scalable ultra-low cost power infrastructure (Active Energy platform)

·      Local access, facilitation and execution capability (Sheikh's Office and Black Road)

·      Technology, hardware and operational expertise (proposed Bitdeer partnership)

These elements are expected to operate as a complementary framework, where the Company's ability to secure and energise capacity is a key factor in progressing deployment under the proposed Bitdeer structure.

In this context, the Agreement with Black Road and the Sheikh's Office is expected to play a central role in enabling the Company to originate and aggregate capacity, forming the foundation for future deployment and revenue generation.

The Company therefore views these developments as interdependent components of a single strategy, supporting its pathway toward building a scaled digital infrastructure platform targeting 100 MVA.

Paul Elliott, CEO of Active Energy, commented: "This agreement is an important step in aligning the key components required to deliver our strategy in the UAE.

The support of the Sheikh's Office, alongside Black Road, strengthens our ability to access and secure infrastructure at scale, while our in-country team continues to originate and execute these opportunities on the ground.

Our ability to secure and energise capacity is a key factor in progressing deployment under our proposed partnership with Bitdeer, and this agreement is an important step in enabling that process.

We believe this integrated approach, combining infrastructure, local access and global operating capability, provides a clear pathway toward our targeted 100 MVA deployment."