Mast Energy Developments PLC

(Incorporated in England and Wales)

(Registration Number: 12886458)

Share code on the LSE: MAST

ISIN: GB00BMBSCV12

("MED" or "the Company")

2 December 2021

Mast Energy Developments PLC ("MED" or "the Company") 

MED Share Issue

Mast Energy Developments PLC, the UK-based multi-asset operator in the rapidly growing Reserve Power market, announces that it is now issuing 153,061 new ordinary shares of £0.001 each in the Company (the "Fee Shares") in part settlement of an invoice from  a service provider. The shares were issued at a price per share of £0.098 (9.8p) for a total share consideration of £15,000.

Application will be made for the Fee Shares to be admitted to the Standard List segment of the Official List and to trading on the main market of the London Stock Exchange plc ("Admission"). It is expected that Admission will become effective and dealings in the Fee Shares will commence at 8.00am on, or around, 9 December 2021.

Following Admission, the total issued share capital of the Company will consist of 188,717,097 ordinary shares in issue and this figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

This announcement contains inside information for the purposes of the UK version of the Market Abuse Regulation (EU No. 596/2014) as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR"). Upon the publication of this announcement, this inside information is now considered to be in the public domain.

ENDS

For further information please visit www.med.energy or contact: