Strategic Framework Agreement with The Gambia

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 21 September 2026

Eco Buildings Group Plc

("Eco Buildings", "Eco" or the "Company")

Landmark Strategic Investment Framework Agreement with The Government of The Republic of The Gambia

Highlights

·    The Gambia to become Eco's West African Headquarters and AI-Powered Centre of Excellence

·    Binding framework for a minimum 10,000-home programme, including an initial 1,000 homes

·    Exclusive national implementation platform and proposed ECOWAS manufacturing and export hub

Eco Buildings Group plc (AIM: ECOB), the AIM-listed technology-led housing manufacturing company, is pleased to announce that it has entered into a binding Strategic Investment Framework Agreement (the "Agreement") with Lumen Holdings Limited ("Lumen"), a co-signatory to the Agreement, and with the Ministry of Interior (Hon. Abdoulie Sanyang) and the Ministry of Defence (Hon. Sering Modou Njie) of the Republic of The Gambia, for the establishment of the ECO Buildings West Africa AI-Powered Centre of Excellence in The Gambia.

The Agreement creates the formal framework for what the Board considers to be the most significant international development in Eco's history to date. It is designed to establish The Gambia as Eco's West African Headquarters, advanced manufacturing base, technology-transfer centre, training academy and export hub serving The Gambia, ECOWAS (the Economic Community of West African States) and wider African markets.

Under the Agreement, Eco Buildings Gambia Limited ("NEWCO") is to be established in The Gambia and will be  responsible for implementation, manufacture, engineering, technology transfer and operation of the Project in the country. The Project is recognised in the Agreement as a Strategic National Development and Industrialisation Initiative.

Lumen is a co-signatory and party to the framework alongside Eco Buildings, while NEWCO will be the exclusive implementation and operating entity in The Gambia. The detailed investment, financing, shareholder and other implementation arrangements are to be agreed separately. Lumen has been a service provider to Eco Buildings for some time, particularly in the area of business development, bringing new growth opportunities to the Company. Lumen's formal role in NEWCO is evolving and will be formally defined in due course. The Company will update the market accordingly.

Key Terms and Strategic Commitments

·    Minimum 10,000-home housing programme, including an initial phase and minimum order of 1,000 homes, as set out in the Agreement.

·    The Gambia to be developed as Eco Buildings' West African Headquarters and AI-Powered Centre of Excellence.

·    NEWCO to act as the exclusive implementation, manufacturing, engineering, technology-transfer and operating entity for the Project in The Gambia.

·    Government facilitation across land allocation, permits, licenses, customs, utilities, immigration, investment approvals and regulatory coordination, in accordance with Gambian law.

·    Provision of a strategically located site of approximately 300 meters by 400 meters, with future expansion rights and supporting infrastructure requirements.

·    Development of an AI-enabled advanced manufacturing platform, technical training academy and skilled Gambian workforce.

·    Creation of an export manufacturing hub serving The Gambia, ECOWAS and wider African markets.

·    Eco retains exclusive ownership of its patents, software, AI systems, manufacturing technology, designs, engineering drawings, know-how and other intellectual property.

·    Capital funding and implementation mechanics to be documented under separate definitive investment, financing, land, manufacturing, shareholder and supply agreements.

A National Industrial Platform, not a Single Housing Contract,

The Agreement is structured as a long-term national industrial framework rather than a conventional project-specific supply contract. It brings together housing delivery, advanced manufacturing, artificial intelligence, technology transfer, workforce development, local procurement and regional exports within one integrated platform.

Eco's intention is to deploy its proprietary GFRG technology through a standardised and replicable manufacturing model capable of producing approximately six homes per day per production line. The proposed Gambian platform is intended to become a regional base from which future capacity can be expanded through additional lines as demand develops.

Eco announced earlier this year that its strategy is to establish production in countries where it secures contracts. Consistent with that strategy, the homes under the Project are intended to be manufactured in The Gambia and local manufacturing capacity will need to be established. The specifications and cost of the facility, together with the arrangements for its funding, have not yet been agreed and will be addressed as the framework moves into definitive agreements.

The Board believes that this government-backed framework materially strengthens Eco's ability to demonstrate the scalability of its technology-led housing model internationally, provides a blueprint for future sovereign and regional partnerships, and will increase ARR, providing the Company with a new predictable annual revenue stream.

Strategic Significance

The Agreement combines a large-scale housing programme with a national manufacturing mandate, strategic land and infrastructure support, exclusive implementation status, training and technology transfer, and access to a regional export market. Taken together, these elements create a platform with the potential to transform the scale and geographic reach of Eco's operations.

The proposed Centre of Excellence is intended to integrate Eco's next-generation AI-enabled manufacturing architecture with engineering, quality control, predictive maintenance, intelligent production scheduling and continuous operational learning. For the purposes of the Project, the Centre of Excellence is intended to comprise an advanced automated manufacturing facility, an AI and Construction Innovation Centre, a technical and vocational training academy, a digital engineering and BIM centre, a regional logistics and deployment hub and a project-development platform for West Africa. Together, these components are intended to support manufacturing, research and development, technology transfer, workforce development, housing production and exports to The Gambia and the wider ECOWAS region. Knowledge generated across Eco's manufacturing network is expected to support consistent quality and faster replication across future facilities.

Dr Etrur Albani, Founder and Executive Vice Chairman, commented:

"Today marks a defining moment in Eco's development. This is not just an agreement to supply homes and it is not simply an agreement to build a factory. It establishes the framework for Eco to become a long-term strategic industrial partner to the Government of The Gambia and to build our West African Headquarters, AI-Powered Centre of Excellence. This proposed Centre will include an advanced automated manufacturing facility; an AI and Construction Innovation Centre; a Technical and vocational training academy; a regional logistics and deployment hub and a Digital engineering and BIM cent and regional export platform."

"The scale and breadth of the Agreement are significant; it combines a minimum 10,000-home programme, an initial 1,000-home phase, exclusive implementation through NEWCO, strategic land and infrastructure support, advanced manufacturing, technology transfer, workforce training and access to the wider ECOWAS market. These elements give us the foundation to deploy our technology at national scale and to demonstrate that our model can be replicated across jurisdictions."

"We believe this is the strongest validation yet of Eco's evolution from an MMC producer into a technology-led housing manufacturing platform. The Gambia has the opportunity to become a genuine centre of advanced industrial capability for West Africa, while Eco has the opportunity to establish a major new growth platform with substantial long-term strategic value for shareholders."

"Our immediate focus is execution: establishing NEWCO, completing the definitive agreements, advancing the land and infrastructure workstreams and agreeing the investment and financing arrangements required to move the Project into delivery. We are fully committed to working with the Government of The Gambia to turn this framework into a flagship industrial and housing programme for the region."

The Honourable Minister of Interior of the Republic of The Gambia (Hon. Abdoulie Sanyang) commented:

"The Government of the Republic of The Gambia welcomes this landmark partnership with Eco Buildings. The Agreement supports our national priorities of industrialisation, job creation, skills development, housing delivery and attracting high-quality international investment. By establishing an advanced manufacturing and training platform in The Gambia, we intend to create lasting capability within our economy and position the country as a competitive regional hub serving West Africa."

The Honourable Minister of Defence of the Republic of The Gambia (Hon. Joof Baboucar ) commented:

"This strategic initiative represents an important opportunity to strengthen national capability through modern manufacturing, technology transfer, technical training and resilient infrastructure. The proposed Centre of Excellence will contribute to The Gambia's long-term economic security and industrial capacity, while supporting the delivery of high-quality housing and creating a platform capable of serving the wider ECOWAS region."

Mr Ababacar Diop President of Sister Cities International The Gambia commented:

"We welcome the opportunity to have introduced Eco Buildings and its senior management team the Honourable Ministers of Interior and Defence and assisted in the completion of its Investment Framework agreement which underpins the strategic plans going forward to establish the Eco Buildings JV in The Gambia to provide high quality low cost and fast housing and tourist facilities. We look forward to establishing The Gambia as a hub in West Africa for such a centre of excellence."

Next Steps

The Parties will now progress the establishment of NEWCO and negotiate the definitive agreements required for implementation, including the Shareholders Agreement, Investment Agreement, Land Agreement, Manufacturing Agreement, Supply Agreement and related financing arrangements. The Company will provide further announcements as material milestones are achieved.

Further information is available on Eco Buildings website: www.eco-buildings.net

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