Acquisition, Fundraise & Trading Recommencement

The 'Acquisition, Fundraise & Trading Recommencement ' announcement for Beacon Energy PLC released today 06/03/2026 at 07:00 under RNS No 5812V has been re-released to facilitate onward transmission by third party vendors.

The announcment is unchanged and is reproduced in full below:

Beacon Energy plc

("Beacon Energy" or the "Company")

Completion of Acquisition of a significant interest in LNEnergy

Completion of Fundraise

and

Re-admission to AIM and re-commencement of trading

Beacon Energy (AIM:BCE) is pleased to announce the completion of the proposed acquisition of a significant strategic investment in LNEnergy Limited ("LNEnergy") and the Company's re-admission to trading on AIM, with the re-commencement of dealings in its Ordinary Shares expected to take place at 8:00 a.m. today, 6 March 2026 ("Admission").

At Admission, Beacon Energy will complete the acquisition of an indirect interest of approximately 24 per cent in LNEnergy. Subject to the award of the Production Concession for the Colle Santo Asset (by LNEnergy Srl, a 100 per cent owned subsidiary of LNEnergy), Beacon Energy will acquire a further indirect interest of approximately 24 per cent in LNEnergy, taking the Company's indirect interest to approximately 48 per cent in LNEnergy (equivalent to a 43.2 per cent indirect interest in the Colle Santo Asset). Reabold Resources plc, through its shareholding in Beacon Energy plc, will remain the largest ultimate beneficial owner of the Colle Santo Asset.

The Admission Document was published on 17 February 2026 and is available on the Company's website https://beaconenergyplc.com/

Highlights of the Acquisition:

• Material European gas asset: The Proposed Acquisition provides Beacon with an indirect interest in the Colle Santo Asset, a material, substantially de-risked development ready onshore gas field. The Colle Santo gas field, located in the Abruzzo region of central Italy, is one of the largest onshore proven undeveloped gas accumulations in mainland Western Europe, with gross Proved plus Probable (2P) reserves of 73.3 Bscf as independently estimated by RPS (October 2025).
• Clear and well-advanced development pathway: The Proposed Acquisition provides exposure to a high-margin small-scale LNG project ("Project") operated by LNEnergy Srl, which holds the Colle Santo Asset. In January 2026, the Project received a positive Environmental Impact Assessment from the Italian Ministry of the Environment and Energy Security ("MASE") - a critical milestone on the path to securing the Production Concession. The Project benefits from substantial sunk capital, including two wells that have already been drilled and completed, eliminating the need for any additional drilling to reach first gas. A near-term work programme has been submitted to MASE for approval, with the objective of reaching Final Investment Decision ("FID") in mid-2026.
• Attractive economics: The Board considers the Colle Santo Asset to be commercially and economically attractive. On a 100 per cent. working interest basis, RPS calculated a post-tax NPV(10) for the Proved plus Probable (2P) reserves of €61.7 million and on a 43.2 per cent. economic interest basis (which assumes the Second Acquisition has occurred), a post-tax NPV(10) of €26.6 million. The Colle Santo development is expected to deliver substantial and sustained cash flows. RPS estimates post-tax pre-financing free cash flow of approximately €10 million per annum by 2028.

Offtake and financing arrangements

In addition, the Company is pleased to announce that LNEnergy Srl has entered into an offtake and financing arrangement with a leading Italian based wholesaler and distributer of energy products (the "Offtake Agreement").

Under the terms of the Offtake Agreement, LNEnergy Srl has secured additional capital to be used to fund project costs, including well service and well integrity test, prior to FID.

Stewart MacDonald, Chief Executive Officer of Beacon Energy, commented:

"Completion of our strategic investment in LNEnergy marks a transformative step for Beacon, providing the Company exposure to a material European gas development with proven reserves, a clear pathway to production and a strong pipeline of value catalysts over the next 18 months.

The Board considers the Colle Santo Asset to be commercially and economically attractive. On a 100 per cent working interest basis, RPS calculated a post-tax NPV(10) for the Proved plus Probable (2P) reserves of €61.7 million and based on a 48 per cent shareholding in LNEnergy (43.2 per cent economic interest basis), a post-tax NPV(10) of €26.6 million.

The signing of the offtake and financing agreement further validates the quality of the Colle Santo project and its interest to industry investors.

We look forward to updating Shareholders and the market as we progress the Colle Santo project over the coming months."