Update on Albanian Manufacturing Facility

13 May 2025

Zenova Group PLC

("Zenova", the "Company" or the "Group")

Zenova's new factory facility in Albania now fully operational and ahead of schedule

Zenova Group PLC (AIM: ZED), a leading innovator in fire suppression and temperature management solutions, is pleased to announce that following the decision to ship and install manufacturing equipment in Albania as previously announced on 14 April 2025, the factory is now fully commissioned and has produced the first batches of Zenova FP.

Zenova now anticipates supplying its coating products almost immediately to local customer orders, generated following a successful sample program conducted recently. Based on the high levels of customer satisfaction from these small batch samples, the Company expects local demand to continue beyond these initial orders.

The new manufacturing facility has been established in a factory provided by AED, Sh.p.K, the Company's local sub-distributor, which have completed extensive building upgrades, including the installation of a two-story purpose-built laboratory. AED's management team have committed considerable capital to make this new facility a reality and are highly confident of current revenue projections from the new, local production.

Zenova anticipates that revenue from this facility will exceed €2m within the first 12 months of operations and grow steadily over time.

Thomas Melchior, CEO of Zenova Group PLC, commented; "This exciting achievement, concluded ahead of schedule, marks the beginning of what Zenova's management team expects to be an especially productive period across mainland Europe and in particular, in Albania and the surrounding region, where our local distribution partner was already  building  a sales presence, but can now grow those revenues unhindered by the commercial burden of cross border duties and taxes resulting from Brexit. This local manufacturing capability allows us to grow significantly in the near term and offers us a route to maintain our healthy margins without the additional duties burden and variable shipping costs and attendant delays"

For further information, please contact:

Zenova Group PLC

Thomas Melchior, CEO

Fiona Rodford, Chairperson

Tel: +44 20 3475 6834

SPARK Advisory Partners Limited (Nominated Adviser)

Matt Davis

Tel: +44 20 3368 3550

Peterhouse Capital Limited (Broker)

Charles Goodfellow

Tel: +44 207 469 0930

About Zenova Group PLC

Zenova Group PLC specializes in the development and supply of advanced fire safety and temperature management technologies for industrial, commercial, and residential sectors. Its product portfolio includes the Zenova FP fire protection paint, Zenova IP thermal insulation paint, and the Zenova FX series of fire extinguishers, all engineered to meet the highest safety and efficiency standards in the industry. The product range is applicable to industrial, commercial, and residential markets.

Zenova FP, fire protection paint

A water based, fire protection paint (also known as a 'thermofoaming' or 'intumescent' paint), which can be used on any surface and colour matched to any colour. When exposed to heat or flames, the paint expands and creates a solid foam-like crust which will not burn and insulates the surface it is painted on. This prevents surfaces from catching fire and stops fire spreading.  It has been tested by global fire industry experts and complies with UK building regulations and the latest UK and European fire safety standards.

Zenova IP, thermal insulation paint

A thermal insulation paint embeds the most modern insulating technology in a thermos-like ultra-thin layer.  It saves energy by increasing the thermal insulation level in commercial and residential buildings. Solar heat can increase the temperature within a building by 75% to 90%. Zenova IP has been independently tested and validated to deflect, absorb and dissipate up to 75% of this heat, thereby reducing the inside temperature by up to 45%.  Suitable for both exterior and interior, on any type of surface

Zenova IR, thermal insulation render

Zenova IR is a ready mixed insulation render that can be applied to internal and external walls in commercial and residential buildings to provide immediate insulation benefits and can be colour matched to any colour.

Zenova FX, fire extinguishers

A fire extinguisher like no other. It puts out class A, B, F and electrical fires fully tested against European EN3 as well as British standards. Available in 6 and 9 litre sizes.

Zenova FX500, aerosol fire extinguisher

The Zenova FX500 is a high-performance handheld fire extinguisher that is tested by independent experts and adheres to the highest industry standards.   Safe for use on any type of fire the Zenova FX500 reduces the risk of reignition. The Zenova FX 500 is quick, easy and safe to operated and has been tested to BS6165 standard.

Zenova CS, automatic ceiling sprinklers

The Zenova CS provides ceiling-mounted fire protection for new builds and can be easily retrofitted into any existing environment to address all types of fire risks

Zenova WB, wildfire barrier

A wildfire barrier fluid (applied via spray wands or aerial drops), which provides a virtual barrier where fire simply will not burn. Repeated tests on a variety of extremely dry wildfire fuels (grasses, hays, brush) demonstrates the incredible fire resistance Zenova WB provides, while remaining viable after application for30+ days in dry conditions.