Strategic MOUs & 100% Ownership of Hydrogen Valley

80 Mile PLC Secures 3 Strategic MOUs with Fortune 500 Energy Group, Ludoil, and JEnergy and moves to 100% of Ferrandina Biofuels Plant

80 Mile PLC ('80M' or the 'Company'), the AIM, FSE, and OTC listed exploration and development company, is proud to announce a series of major commercial developments at its Ferrandina biofuels facility in southern Italy, ("Ferrandina") underscoring the strong and growing demand for sustainable aviation fuel ("SAF"), hydrotreated vegetable oil ("HVO"), and biodiesel across Europe.

80M Assumes 100% Ownership of Hydrogen Valley:

The Company and Hydrogen Valley ("HV") have agreed to revised terms ("Revised Terms") to the acquisition agreement announced 19th December 2024 (https://80mile.com/regulatory-news/75603) governing the Ferrandina ownership structure. Under the new arrangement, 80 Mile will increase its interest in HV to 100%. Further details to the Revised Terms are noted below.

New MOUs:

Strategic MOU with Fortune 500 Energy Company:

In a landmark step, the Company's 100%-owned Greenswitch Srl ("Greenswitch") has signed a Memorandum of Understanding ("MOU") with one of the World's largest integrated energy companies (the "Group"), a publicly listed business ranked in the top 10% of the Fortune 500. This entity is a globally recognised, vertically integrated, leader in refining, petrochemicals and logistics.

Under the terms of the MOU, the Group will supply up to 80,000 tonnes per annum ("tpa") of renewable feedstocks to the Ferrandina plant beginning 1 November 2025. These will include Palm Oil Methyl Ester ("POME"), both crude and refined, as well as Repurposed Used Cooking Oil ("RUCO"), delivered to the port of Taranto, approximately 70 kilometres ("km") from the facility.

This guaranteed supply strengthens Ferrandina's commercial model, ensuring reliable input for the production of biodiesel and SAF while positioning Greenswitch as a cornerstone in Europe's transition to low-carbon energy.

Tolling MOU with Ludoil Energia - 50% of Plant Capacity Secured:

Greenswitch has signed an MOU with Ludoil Energia S.r.l. ("Ludoil"), based in Civitavecchia, Italy.

• The agreement sets the framework for a biodiesel tolling arrangement, under which Ludoil will provide feedstock and HV will generate revenue solely from processing.
• No upfront feedstock purchases are required, eliminating working capital risk.
• The tolling structure is estimated to generate approximately €8 million net profit per year for HV. The other 50% of the capacity is estimated to be double that for total of €24 million net (assuming full production)
• The MOU provides for:

o Plant restart planned for December 2025 with full production in January 2026

o Annual quantities: 80,000 tpa of biodiesel in the short term, and 40,000 tpa of SAF longer term

With 80,000 tpa already secured under this tolling framework, Ludoil alone covers 50% of the Ferrandina plant's permitted 150,000 tpa capacity, giving the Company clear revenue visibility and validating the site's strategic importance.

MOU with JEnergy S.p.A

Hydrogen Valley has also signed an MOU with JEnergy S.p.A ("JEnergy"), headquartered in Rome, Italy.

• Short-term framework for the supply of biodiesel and bioliquids
• Longer-term discussions on SAF and HVO supply
• Supply schedule:

o Start of biodiesel supply: January 2026

o SAF/HVO supply: 2027 onwards

• Annual agreed quantities: 10,000 tpa of biodiesel, additional bioliquids, and longer-term cooperation on SAF and HVO

Previously Announced MOUs:

NACATA Commodities

80M signed an MOU with NACATA Commodities as announced on 30 July 2025 ("NACATA"), a leading renewable energy distributor, covering:

• Up to 120,000 tpa of feedstock supply
• Offtake of resulting products: 40,000 tpa of esterified bioliquid and 80,000 tpa of biodiesel
• Initial term: 5 years

Tecnoparco Valbasento

Greenswitch has also signed an MOU with Tecnoparco Valbasento ("Tecnoparco") for the procurement of up to 40,000 tpa of biofuel from Greenswitch, for use in its cogeneration units.

The agreement would shorten Tecnoparco's supply chain, reduce shipping costs, and improve sustainability credentials by moving away from palm oil imports. The initial 40,000 tpa could increase if Tecnoparco's affiliate industrial operators are included.

Table 1: Offtake & Tolling Agreements

80 Mile 100% ownership of Hydrogen Valley Revised Terms

In consideration, for the move to 100% 80M has paid Greendome €100,000 and will issue 220,000,000 new ordinary shares in the Company ("New Ordinary Shares) to Greendome Holdings Inc ("Greendome") and assume additional deferred payments to the original vendor.. If the value of these New Ordinary Shares triple before June 30th, 2026, then no further payments will be due to Greendome and the transaction under this Agreement shall be considered completed. These shares are locked in until June 2026. Otherwise the following will be payable;

• an amount equal to €750,000.00 (seven hundred, fifty thousand), in cash by wire transfer of immediately available funds on Greendome Bank Account to be made not later than the 30 June 2027;
• an amount equal to €750,000.00 (seven hundred, fifty thousand) to be satisfied by the allotment of a number of New Ordinary Shares in 80M equal to the 30 day VWAP
• an amount equal to €1,500,000.00 (one million, five hundred thousand), to be satisfied 50% in cash by wire transfer of immediately available funds into Greendome's bank account to be made no later than the 31 March 2028 and 50% by the allotment of the corresponding number of 80M Shares (the "Third Shares").

As part of the transaction, an additional 10 million New Ordinary Shares will be issued to Hydrogen Valley. In conjunction with the acquisition, Mr Mark Frascongna, current Managing Director of HV, will join 80 Mile as Chief Executive Officer of Italian operations in a non-board role. HV will become the 100% owned subsidiary of 80M.

Hydrogen Valley Limited is incorporated in England & Wales and owns 100% of Greenswitch S.r.l. Hydrogen Valley which reported a profit after tax of £1,899,205 for the year ended to 30 June 2025.

Admission and Total Voting Rights

Application will be made to AIM for the 230,000,000 New Ordinary Shares to be issued pursuant to the acquisition of Hydrogen Valley , which will rank pari passu with existing Ordinary Shares, to be admitted to trading on AIM and it is expected that Admission will become effective and dealing will commence on or before 14th November 2025

In accordance with the Disclosure Guidance and Transparency Rules, the Company hereby notifies the market that immediately following Admission, its issued and outstanding share capital will consist of 4,557,127,203 Ordinary Shares. Shareholders may use this figure 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 Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Eric Sondergaard, Managing Director of 80 Mile, added:

"These agreements mark a step change for the Ferrandina facility. Between Ludoil, JEnergy, NACATA, Tecnoparco, and now one of the world's largest integrated energy companies, we have clear evidence of the significant industry interest in SAF and HVO development. Importantly, the tolling arrangement with Ludoil already secures 50% of the plant's total capacity, ensuring stable revenues while minimising working capital exposure.

"The calibre of counterparties now engaged with Ferrandina underlines its strategic importance within Europe's renewable fuels supply chain. By partnering with recognised leaders across the Italian and global energy landscape, we are establishing Ferrandina as a key processing hub for biodiesel today and laying the foundation for long-term growth in SAF and HVO. With industry demand accelerating, Ferrandina is uniquely positioned to support Europe's energy-transition goals."

About Greenswitch S.r.l

Greenswitch S.r.l. is a trailblazer in the renewable energy sector, dedicated to producing high-quality biofuels that meet global energy needs while prioritising environmental stewardship. The Ferrandina plant is a state-of-the-art facility driving the transition to a sustainable, low-carbon economy. For a high resolution flyover of the facility please follow this link, https://youtu.be/xkXV2LYqJ4c