Accelerated Debt Reduction

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 August 2026

Angus Energy PLC

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

(AIM:ANGS)

Accelerated Debt Reduction

·    Initial cash sweep completed following the successful financial restructuring

·    ORRI Cash Amount of £1.95 million repaid in full

·    Additional £1.996 million prepayment made to the Trafigura facility

·    Total debt repayments of £5.241 million since 24 June 2026, demonstrating the Company's accelerating deleveraging strategy

·    Future cash sweeps will now be applied entirely towards accelerating repayment of the Trafigura facility

·    Demonstrates the cash-generative strength of the business and validates the recently completed restructuring

·    Further strengthens the balance sheet while supporting continued investment in growth alongside accelerated deleveraging

The Company is pleased to announce that, following completion of its recently announced financial restructuring, it has completed the first cash sweep under the amended financing arrangements.

Completion of the first cash sweep has enabled the Company to repay the £1.95 million ORRI Cash Amount in full, eliminating this liability entirely, while also making a £1.996 million prepayment against the Trafigura senior debt facility. As a result, the outstanding Trafigura facility has reduced to approximately £22.7 million.

Since announcing the restructuring on 26 June 2026, the Company has repaid a total of £5.241 million of debt principal, materially strengthening the Group's balance sheet. This rapid reduction in indebtedness demonstrates the Company's ability to generate cash while executing its strategy of accelerating deleveraging and continuing to invest in future growth.

The repayment of the ORRI Cash Amount represents an important milestone. Under the amended financing arrangements, all future cash sweep proceeds will now be directed exclusively towards reducing the outstanding Trafigura facility, accelerating the Company's deleveraging profile.

Carlos Fernandes, Finance Director, commented:

"The completion of our first cash sweep demonstrates that our restructuring strategy is already delivering tangible results. We have significantly strengthened the balance sheet, eliminated the ORRI liability and reduced the Trafigura facility, while continuing to invest in the business.

Every pound of debt we repay reduces future financing obligations and increases the value attributable to shareholders. With future cash sweeps now directed entirely towards the Trafigura facility, we are well positioned to continue accelerating deleveraging while executing our operational growth strategy."

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

OAK Securities (Joint Broker)                                                                     www.oak-securities.com

Calvin Man / Oliver Morgan                                                                         Tel: +44 (0)20 3973 3678

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 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.