Equity Fundraise of £700,000 gross

28 September 2026

TOMCO ENERGY PLC
(“TomCo” or the “Company”)

Equity Fundraise of £700,000 gross

TomCo (AIM: TOM), the US operating oil development group focused on using innovative technology to unlock unconventional hydrocarbon resources, announces that the Company has raised, in aggregate, £700,000 before expenses by way of a £600,000 placing (the “Placing”) and a £100,000 subscription (the “Subscription”) with certain existing and new investors, involving the issue of, in aggregate, 2,800,000,000 new ordinary shares of no-par value each in the capital of TomCo (“Ordinary Shares”) (together, the “Fundraise Shares”) at a price of 0.025 pence per share (the “Fundraise”).

The Fundraise Shares will represent approximately 31.62 per cent. of the Company’s enlarged issued share capital. The Fundraise price represents a discount of approximately 35.90 per cent. to the mid-market closing price on AIM of 0.039 pence per Ordinary Share on 25 September 2026, being the latest practicable business day prior to the publication of this announcement.

The Fundraise has been undertaken to provide additional working capital for the TomCo group as it seeks to continue to progress its previously outlined strategic objectives.

The Placing was arranged by AlbR Capital Limited (“AlbR”) who acted as the Company’s sole placing agent in respect of the Placing. AlbR has entered into an agreement with TomCo (the “Placing Agreement”) under which, subject to the conditions set out therein, AlbR was instructed by TomCo to assume the duties of placing agent to target subscribers for the Placing shares. The Placing Agreement includes customary provisions including that the Placing Agreement can be terminated, inter alia, if (i) there is a breach of any material warranty, or any of the other obligations on the Company which is material in the context of the Placing; (ii) in the reasonable opinion of AlbR there has occurred a material adverse change in the business of or the financial or trading position or prospects of the Company; or (iii) the name or reputation of AlbR is likely to be prejudiced if it continues to act as placing agent. In connection with the Placing, the Company has agreed to issue 144,000,000 ‘broker’ warrants to AlbR, giving them the right to acquire such number of new ordinary shares at an exercise price of 0.02875 pence per share for a period of 48 months from the date of this announcement.

The Subscription has been undertaken with Matthew Jones, an existing substantial shareholder in the Company, as to £75,000 for 300,000,000 new Ordinary Shares and a further individual as to £25,000 for 100,000,000 new Ordinary Shares. As an existing substantial shareholder, Mr Jones is a related party of the Company (as defined in the AIM Rules for Companies). Accordingly, his participation in the Subscription is deemed to constitute a related party transaction pursuant to AIM Rule 13. The TomCo directors, having consulted with Strand Hanson Limited, the Company’s Nominated Adviser, consider that the terms of his participation in the Subscription are fair and reasonable insofar as the Company’s shareholders are concerned.

Application for Admission to Trading and Total Voting Rights

The new Fundraise Shares will rank pari passu with the existing Ordinary Shares and application will be made to the London Stock Exchange for such shares to be admitted to trading on AIM (“Admission”).  It is expected that Admission will become effective and that dealings in the Fundraise Shares on AIM will commence at 8.00 a.m. on or around 5 October 2026.  

Upon Admission, the Company’s enlarged issued share capital will consequently consist of 8,854,635,276 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 8,854,635,276.  With effect from Admission, this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA’s Disclosure Guidance and Transparency Rules.

Enquiries:

For further information, please visit www.tomcoenergy.com.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under 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, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.

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