Result of Substantially Oversubscribed Placing

Active Energy (AIM: AEG, OTCQB: ATGVF), the biomass-based renewable energy company focused on the production and development of next generation biomass products, announces that, further to the announcement at 4.35 p.m. on 7 July 2025 (the "Announcement"), it has conditionally completed and closed the substantially oversubscribed Placing to raise gross proceeds of £346,180 (before expenses) after scaling back.

The Placing Price of 0.1 pence represents a discount of 66.6 per cent. to the closing middle market price of 0.3 pence per Ordinary Shares on 4 July 2025, being the last business day prior to the announcement of the Placing.

Zeus Capital Limited is acting as Bookrunner for and on behalf of the Company in respect of the Placing. The Placing was undertaken through an accelerated bookbuild process.

The Placing has conditionally raised gross proceeds of £346,180 through the placing of 346,180,628 Placing Shares to certain institutional and other investors.

Upon completion of the Placing, and conditional upon the grant of the necessary shareholder authorities to enable the Company to issue rights to subscribe for additional Ordinary Shares free of existing shareholders' pre-emption rights, the Company will issue warrants to Zeus to subscribe new ordinary shares representing 2% of the Enlarged Issued Share Capital exercisable at the Placing Price at any time within five years from date of grant (with a 3 months' extension in limited circumstances). The warrants will also include anti-dilution provisions and certain other customary provisions for the benefit of warrant holders.

Admission

Application has been made to the London Stock Exchange for admission of the 346,180,628 Placing Shares to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the Placing Shares will commence at 8.00 a.m. on 11 July 2025.

Following the Admission, the Company's issued ordinary share capital will comprise 508,043,764 Ordinary Shares, with no shares held in treasury. Therefore, the number of total voting rights in the Company will be 508,043,764, and this figure may be used by Shareholders 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 voting rights of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Capitalised terms used but not defined in this announcement have the meanings given to them in the Company's announcement released at 4.35 p.m. on 7 July 2025 in respect of the Proposed Placing and BTC Focused Treasury Policy unless the context provides otherwise.