AEG Signs Strategic GCC Infrastructure Agreement

Active Energy Group plc (AIM: AEG.L, OTCID: AEUSF) is pleased to announce that it has signed a strategic distribution agreement (the "Agreement") with Fog Hashing Pte. Ltd. ("Fog Hashing"), a leading provider of modular digital infrastructure solutions for high-performance computing ("HPC"), artificial intelligence ("AI") and digital asset hosting applications.

The Agreement provides Active Energy with distribution rights across the Gulf Cooperation Council ("GCC") region and establishes a framework under which the parties may explore a broader exclusive relationship, subject to the achievement of agreed commercial milestones and the execution of further definitive agreements.

The Board believes the Agreement represents a significant milestone in the continued development of Active Energy's digital infrastructure platform across the UAE and wider GCC region, utilising ultra low-cost power.

Accelerating Deployment Across the GCC

The Agreement is expected to provide Active Energy with enhanced access to modular infrastructure, deployment expertise, technical support and improved commercial purchasing terms as the Company continues to expand its portfolio of ultra low-cost power-connected sites.

By strengthening its infrastructure supply chain, Active Energy expects to reduce the time between securing grid-connected locations and deploying revenue-generating digital infrastructure capable of supporting third-party hosting contracts and strategic compute partnerships.

The Directors consider this capability will become increasingly important as the Company seeks to scale operations across multiple locations throughout the GCC.

Building an Interchangeable Infrastructure Platform

A key strategic benefit of the Agreement is the ability to support a more standardised and interchangeable infrastructure platform across Active Energy's growing portfolio.

As additional sites are acquired and brought into operation, the Company expects to be able to redeploy infrastructure between locations more efficiently, supporting customer migrations, capacity optimisation and accelerated commercial deployment.

The Board believes this flexibility has the potential to significantly improve capital efficiency and operational responsiveness as the regional platform expands.

Positioning for the Growth of AI Infrastructure

Beyond current hosting applications, the Agreement also supports Active Energy's longer-term strategy of developing infrastructure capable of serving both digital asset hosting and emerging AI and HPC workloads.

Fog Hashing's modular architecture is designed to support evolving compute requirements, allowing infrastructure to be upgraded through the deployment of next-generation modular units rather than requiring extensive redevelopment of underlying site infrastructure.

The Board believes this approach provides a pathway to future-proofing the Company's infrastructure platform and positions Active Energy to participate in the rapidly growing demand for AI and HPC infrastructure across the region.

As global demand for AI compute capacity continues to accelerate, the Company believes that owning strategically located power-connected sites combined with flexible modular infrastructure provides a compelling long-term platform for growth.

Supporting Strategic Industry Partnerships

The Agreement further strengthens the operational framework supporting Active Energy's previously announced growth initiatives and strategic partnerships.

In particular, the Directors believe the relationship enhances the Company's ability to support larger-scale deployment opportunities and underpins the infrastructure strategy associated with the Company's previously announced non-binding Letter of Intent (the "LOI") with Bitdeer Technologies Group (NASDAQ: BTDR), announced on 24 April 2026.

Whilst the Bitdeer LOI remains subject to due diligence, definitive agreements and final commercial terms, the Board believes that establishing relationships with leading infrastructure providers such as Fog Hashing represents an important component in building a scalable regional digital infrastructure platform.

Establishing AEG as a Regional Digital Infrastructure Operator

The Company continues to execute its strategy of acquiring and developing ultra low-cost power-connected infrastructure before overlaying modular digital infrastructure capable of supporting a range of compute applications.

The Directors believe the signing of the Agreement further validates that strategy and strengthens Active Energy's position as an emerging digital infrastructure operator within the UAE and wider GCC region.

Paul Elliott, Chief Executive Officer of Active Energy, commented:

"This is more than a supply agreement. As we continue to build a regional digital infrastructure platform, the ability to rapidly deploy, redeploy and upgrade infrastructure becomes increasingly important.

Our strategy is centred around securing ultra-low cost power-connected sites and overlaying scalable digital infrastructure capable of generating long-term recurring revenues.

Through this Agreement, we gain enhanced access to technology, expertise and commercial terms that we believe will accelerate deployment across our portfolio.

Importantly, the modular nature of the Fog Hashing platform supports both current hosting applications and future AI and HPC opportunities.

We believe this provides significant operational flexibility and strengthens our ability to participate in some of the fastest-growing segments of the global digital infrastructure market.

Combined with our existing UAE operations, recent acquisitions and strategic partnerships, this agreement represents another important step in establishing AEG as a recognised digital infrastructure platform across the GCC."