Hedging Update

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

10 March 2026

Angus Energy PLC

("Angus Energy", the "Company" or together with its subsidiaries, the "Group")

(AIM:ANGS)

Hedging Update

·    New hedges placed through to June 2027 at an average weighted price of approximately 101 pence per therm.

·    Total hedged position of approximately 12.9 million therms through to June 2027.  

·    Aggregate hedge portfolio at an average weighted price of approximately 101 pence per therm.

·    Hedges represent approximately 44% of the Company's forecast gas production over the period.

The Company has successfully placed additional gas hedges covering the period April 2026 to June 2027, securing 7.745 million therms at an average weighted price of approximately 101 pence per therm. This includes early hedges placed at particularly strong prices, with April, May and June 2026 volumes secured at 141 pence, 135 pence and 127 pence per therm respectively.

When combined with the Company's existing hedge portfolio, the total hedged position now stands at approximately 12.9 million therms at a weighted average price of approximately 101 pence per therm through to June 2027. This combined hedge position represents approximately 44% of the Company's forecast gas production over the period.

The hedging programme provides significant fixed revenue visibility, underpinning the Company's operating cost base and supporting predictable cash flow generation. Importantly, approximately half of forecast production remains unhedged, allowing the Company to retain meaningful exposure to potential upside in UK gas prices.

The Board believes this balanced hedging strategy strengthens the Company's financial resilience while preserving the opportunity to benefit from favourable gas market conditions. The Company will continue to monitor market conditions and may add to its hedging portfolio where doing so enhances long-term shareholder value.

END

For further information please visit www.angusenergy.co.uk.

Angus Energy Plc                                                                

Carlos Fernandes

Finance Director                                                         Via Flagstaff

SP Angel Corporate Finance LLP (Nomad and Broker)     www.spangel.co.uk

Stuart Gledhill / Jen Clarke / Richard Hail Tel: +44 (0)20 3470 0470

Flagstaff  PR/IR                                                                      [email protected]

Tim Thompson / Fergus Mellon / Alison Alfrey   Tel: +44 (0) 207 129 1474

About Angus Energy plc

Angus Energy plc is a UK AIM quoted independent oil and gas company. Angus Energy is the leading onshore gas producer in the UK and has ambitious plans to grow onshore production and diversify internationally. Angus Energy has a 100% interest in the Saltfleetby Gas Field (PEDL005), majority owns and operates conventional oil production fields at Brockham (PL 235) and Lidsey (PL 241) and has a 25% interest in the Balcombe Licence (PEDL244). Angus Energy operates all fields in which it has an interest.