24 September 2025

European Green Transition plc

("European Green Transition", "EGT" or "the Company")

Interim results and M&A strategy update

European Green Transition (AIM: EGT), a company which aims to capitalise on the opportunities created by the green energy transition in Europe, announces its unaudited results for the six months ended 30 June 2025.

Highlights

·    Extension of the Olserum Rare Earth Elements ("REE") project licenses in Sweden until June 2029, following the successful completion of the Olserum REE drill programme in H2 2024 which confirmed the district scale potential for REEs at Olserum

·    Successful extension of the Pajala Copper-Graphite project licenses in Sweden for a further three years, now valid until March 2028

·   Secured a six-month extension to the Altan Carbon Credit project option agreement at no additional cost as discussions progress with key stakeholders to assess the near-term revenue potential of the project

·  Positive engagement with multiple parties regarding the sale and/or partnership of EGT's exploration assets amid positive market tailwinds as the Company continues to focus its resources away from natural resources and mining to focus on revenue-generating businesses

·   EGT remains well capitalised with £2.9 million cash (as at 30 June 2025) with no debt or committed costs

·   Cathal Friel, the Company's co-founder and largest shareholder, assumed the role of Non-Executive Chairman in mid-April 2025 and transitioned to the Executive Chairman role from 30 June 2025, where he is leading EGT's M&A strategy

·    Daniel Akselson remains on the Board as Non-Executive Director and continues to chair the Audit Committee

M&A strategy update

EGT has identified and continues to engage with a range of distressed, revenue-generating acquisition targets available at attractive valuations. This is in line with EGT's previously stated strategy to reallocate its resources towards acquiring revenue generating businesses - announced alongside Cathal Friel's appointment as Chair on 4 June 2025. Given the uncertainty and challenging long-term prospects faced by many businesses focused on the green economy, EGT is also evaluating opportunities in other sectors alongside its existing pipeline of green economy opportunities. This includes areas in which EGT's management team has extensive experience in transforming distressed businesses into sustainable, profitable companies. As a result, the Board believes that this may be the optimal approach for allocating EGT's capital resources and delivering long-term, sustainable returns to shareholders, therefore will continue to evaluate opportunities beyond the green economy.

Cathal Friel, Co-founder and Executive Chairman, commented:

"We continue to execute on our strategy to reallocate our resources away from exploration and mining towards acquiring and transforming distressed, revenue-generating businesses. Over the past six months we have made significant progress in identifying and engaging with potential acquisition targets.  We continue to see a range of promising acquisition opportunities across the green economy and other sectors. Given our strong track record of transforming distressed businesses, we will evaluate these opportunities and prioritise deals where we can deliver sustainable, long-term returns for our shareholders.

Elsewhere across our exploration and mining portfolio, we have successfully extended the key licenses for our Olserum REE and Pajala Copper-Graphite projects in Sweden, ensuring these assets remain well-positioned for potential sale or partnership opportunities. The Olserum REE project in particular continues to attract interest with REE prices increasing substantially in recent months, as ongoing geopolitical uncertainty has created significant and global disruption to critical industries such as automobiles, defence and renewables. The U.S. Government's direct investment in Mountain Pass Materials highlights the urgent global need to address the critical supply shortage, and bodes well for the potential of our Olserum REE project's role in helping to secure Europe's rare earth supply chains.

I recently stepped into the role of Executive Chairman of EGT, and I look forward to supporting the Company in its next phase of growth. As co-founder and the largest shareholder, my interests are fully aligned with those of our shareholders, and I am confident that the team can leverage its extensive M&A experience to replicate our success of transforming small-cap companies through M&A."

-ENDS-

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Notes to Editors

European Green Transition plc (quoted on the AIM market of the London Stock Exchange under the ticker "EGT") is a company which aims to capitalise on the opportunities created by the green energy transition in Europe. EGT is seeking to monetise its existing portfolio of mining projects through sale or partnership as it looks to allocate its resources away from natural resources and mining to focus on acquiring and transforming distressed, revenue generating businesses through M&A.

For more information, please go to  www.europeangreentransition.com  or follow us on X (formerly Twitter ) and LinkedIn.

Executive Chairman's Statement

for the six months ended 30 June 2025

Introduction

I am pleased to present the Interim Results for European Green Transition plc (EGT) for the first six months of 2025.

I was appointed Executive Chairman in June 2025, I am delighted to have assumed this role at such a pivotal stage in the Company's development. As co-founder and the largest shareholder of EGT, my interests are closely aligned with those of our shareholders and I am confident in our ability to execute our M&A-led strategy, focused on acquiring distressed, revenue generating businesses with the objective of unlocking significant value for our shareholders.

As we continue to transition the business away from mining and natural resources, we remain focussed on generating value from our existing portfolio of European mining projects, particularly the Olserum REE project in Sweden, which has the potential to contribute significantly to the supply of REEs in Europe. We are actively seeking to monetise these projects through sale or partnership with third parties as we look to realise further value for our shareholders.

M&A Update

During the period, EGT continued to advance its acquisition strategy, with a focus on engaging with distressed, revenue-generating businesses across the UK and Ireland. The current market environment, characterised by uncertainty within the green economy sector, presents a unique opportunity for EGT to acquire attractive businesses at favourable valuations. We continue to progress these conversations, working closely with the respective management teams to develop a roadmap to transform these targets into profitable, cash-generative businesses that will drive value for all stakeholders.

In addition to our focus on the green economy, EGT has identified a number of promising opportunities in other sectors where our leadership team holds a proven track record of delivering transformational growth in distressed businesses. The Board is confident that this approach represents the optimal deployment of capital and as a result, EGT will continue to assess opportunities outside the green economy, where relevant.

The Group remains debt-free and well capitalised, with £2.9 million cash as at 30 June 2025 and no further committed expenditure on mining projects. Supported by a capital-light structure and an experienced team, EGT retains the flexibility to act decisively as attractive opportunities materialise.

Olserum Rare Earths Project

As outlined at IPO, EGT's intention is not to develop its exploration mining projects through to production, rather our focus has been to position our exploration mining projects for sale or partnership and generate an attractive return for EGT shareholders. We have made strong progress in recent months, specifically extending our key licenses for the Olserum REE project to June 2029.

The strategic importance of REEs (rare earth elements) continues to remain highly relevant, reflecting their critical role in renewable energy, automotive and defence supply chains. Over the past six months, rare earths have moved firmly to the forefront of global strategic agendas. China remains the dominant force in the refining and processing stages, accounting for more than two-thirds of global production and approximately 90% of finished rare earth magnets. This concentration of capability has become a key area of focus for governments and industries worldwide. Notably, the US Government has acted decisively to strengthen its domestic supply chain through a $400 million investment in MP Materials Corp., the operator of the Mountain Pass mine in California. Shortly thereafter, Apple committed a further $500 million investment in MP Materials to secure long-term access to US-sourced rare earths.

With no active rare earth mines currently operating in Europe, there is an urgent need to establish secure supply for critical minerals essential to the region's green transition and industrial resilience. Both the European Union and national governments are actively pursuing strategies to develop domestic supply chains, and we believe the Olserum project is well positioned to play a key role in this emerging landscape.

Rare earth prices reached a two-year high in August 2025, driven by constrained supply dynamics. These market conditions, combined with the results of our 2024 Olserum drill programme-which confirmed the district-scale potential of the REE system at Olserum-position the project strongly for ongoing sale and partnership discussions. We look forward to providing further updates as these discussions progress.

Pajala Copper-Graphite Project

The Pajala project in northern Sweden continues to generate strong interest, supported by robust copper prices and the project's significant copper and graphite potential. The extension of project licences to March 2028 reinforces our ability to realise value through sale or partnership, consistent with the strategic approach we have applied to the Olserum REE project. This positions Pajala as a further opportunity to deliver value for shareholders as market conditions evolve.

Altan Carbon Credit Project

We continue to evaluate the near-term revenue potential of our carbon credit project at Altan Farm in Donegal, Ireland. During H1 25, we successfully extended our option agreement by a further six months to November 2025 at no additional cost. The project is designed to work collaboratively with landowners across Ireland to develop a scalable and capital-efficient model for generating carbon and biodiversity credits through peatland rehabilitation. The launch of the Irish Peatland Standard in early 2025 has established a supportive regulatory framework for projects such as Altan. Peatland restoration in Ireland continues to attract growing corporate demand with leading technology companies, notably Meta, Microsoft and Google, recently pledging €3 million to finance peatland restoration across 1,100 acres of degraded peatland sites in the Wicklow mountains, near Dublin. We continue to engage actively with key stakeholders to advance our Altan project and look forward to updating shareholders in due course.

Outlook

EGT remains well capitalised and fully focused on executing our disciplined M&A-driven strategy. We are confident that the foundations established at the Olserum REE and Pajala Copper-Graphite projects will support the realisation of their value, while our continued pursuit of revenue-generating, distressed acquisitions across multiple sectors positions the Company to deliver sustainable long-term returns for shareholders.

We are grateful to our shareholders for their continued support and look forward to providing updates on our progress throughout the remainder of 2025 and beyond.

Cathal Friel

Executive Chairman

23 September 2025

Consolidated Statement of Comprehensive Income

For the period ended 30 June 2025

All operations are continuing, and the accompanying notes form an integral part of these interim financial statements.

Consolidated Statement of Financial Position

As at 30 June 2025