29 April 2026

Block Energy plc

("Block" or "the Company")

Posting of Circular

Block Energy plc, the AIM-quoted oil and gas company, announces that it has today posted a Circular (containing a Notice of General Meeting) and form of proxy to Shareholders setting out further details regarding the proposed Fundraising which was notified on 27 April 2026 ("Launch Announcement") at 5.04 p.m.

General Meeting and Resolutions

A General Meeting will be held on 18 May 2026. The purpose of the General Meeting is to seek Shareholders' approval for Resolutions to approve the issue of the Conditional Placing Shares (as detailed in the Launch Announcement), and to grant the Directors' authority to issue further shares.

The General Meeting is due to be held at the offices of Block Energy Plc, 33 Cavendish Square, London W1G 0PW at 11.00 a.m. on 18 May 2026.

Posting of Circular and Action to be Taken

The Circular, including the Notice of General Meeting and a Form of Proxy, has been posted to Shareholders today and has been made available on the Company's website at www.blockenergy.co.uk.

Shareholders are requested to complete and return the Form of Proxy as soon as possible, either by post or online via the portal, and, in any event, by no later than 11.00 am on 14 May 2026. CREST members may also utilise the CREST electronic proxy appointment service in accordance with the procedures set out in the Notice.

The completion and return of a Form of Proxy will not preclude a Shareholder from attending the General Meeting and voting in person. The results of the votes cast at the General Meeting will be announced through a Regulatory Information Service as soon as practicable following the meeting.

Unless otherwise defined, all capitalised terms used but not defined in this announcement shall have the meaning as given to them in the Launch Announcement of 5.04 p.m. on 27 April 2026.

**ENDS**

For further information please visit http://www.blockenergy.co.uk/ or contact:

Notes to editors

Block Energy plc is an AIM-quoted independent oil and gas production and development company focused on building a diversified portfolio of high-impact energy assets.

The Company's core operations are in Georgia, where it holds interests in seven Production Sharing Contracts covering an area of 4,256 km² in the central part of the country. These include the XIB licence, which has over 2.77TCF of 2C contingent gas resources, with an estimated Net Present Value 10 ("NPV") of USD 2.2 billion, in the Patardzueli-Samgori, Rustavi and Teleti fields. (Source: IER, OPC 2024 & Internal estimates).

The Company is structured around a multi-project approach, progressing assets across different stages of development, hydrocarbon type, and reservoir characteristics. This approach is designed to deliver a balanced portfolio of production growth, field redevelopment, new discoveries and the commercialisation of substantial gas resources. The goal is to deliver on multi-TCF gas assets, strategically well located for the key EU market, supported by partner funding and cash from existing producing assets.

The Company completed a farm-out of licence XIQ to Aspect Georgia, under which Aspect may earn up to a 92.5% working interest through the completion of a staged, fully funded work programme.

In April 2026, the Company signed a Binding Framework Agreement with Zhijiang Sanning Energy Co. Ltd, one of China's leading chemical producers, in relation to the farm out of Project III. Project III comprises the Lower Eocene and Upper Cretaceous gas discoveries across Block's XIB and XIF licences in central Georgia. The proposed farm-out is expected to support the appraisal and development of these assets while reducing Block Energy's capital exposure.

Located near the Georgian capital of Tbilisi, Block Energy is well-positioned to contribute significantly to the region's energy landscape. This proximity facilitates seamless operations and underscores our commitment to the economic and energy development of Georgia.

In April 2026, the Company made a strategic entry into Gabon, with the aim of securing a 76.5% interest in two offshore PSC's, Ndijila and Mpari, with 75MMbbls of discovered oil (pMean). The two licences, which cover an area of 5,331km², represent a low-cost entry, with high leverage to upside. They include 4 discovered areas, plus material exploration potential.