19 August 2025

SIMEC Atlantis Energy Limited

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

Grant of LTIP options

SAE announces that options have been granted to executive directors under the Company's long-term incentive plan ("LTIP").

On 18 August 2025, under the terms of the Company's LTIP, adopted on 3 January 2024, the Board approved the award and grant of, in aggregate, 25,575,036 options over ordinary shares in the Company ("LTIP Options") to the executive directors and a person discharging managerial responsibilities ("PDMR"), as follows:

The LTIP Options have been granted subject to continued employment. 14,456,247 of the options will vest on the third anniversary of the grant date. The balance of 11,118,789 options will vest in three equal annual instalments commencing on the first anniversary of the date of grant. There are no further performance conditions. The options have an exercise price of 2.65p based on the closing price of the shares for the last dealing day immediately prior to the date of grant and will be exercisable for a maximum period of 10 years.

Following the grant of the above Options, the total number of Ordinary Shares outstanding under the Company's LTIP is 57,793,877, representing 7.8% of the Company's issued share capital.

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Notes to Editors

SAE is a global developer, owner and operator of sustainable energy projects. SAE owns the world's flagship tidal stream project, MeyGen, and the Uskmouth Power Station site, that is being repurposed into a sustainable energy park that will become one of the UK's largest battery energy storage sites. https://www.saerenewables.com/

SAE recently released a video animation highlighting the scale and benefits of the USEP site. This can be viewed here

SAE's strategy: "Building a Sustainable Future to 2035", can be viewed here

Proud to be part of London's universe of Green Economy Equities

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