Capital Structure Simplification Equity Issue

Block Energy plc, the development and production company focused on Georgia, announces that following the passing of the Resolutions at the Company's General Meeting, it is now in the position to complete the simplification of its capital structure ("Simplification Exercise") as set out in the RNS dated 14 November 2025.

Issue of Equity

Application will be made for the admission to trading on AIM ("Admission") for the remaining 7,275,412 new Shares, which had been subject to shareholders' approval at the General Meeting.

The new Shares will rank pari passu in all respects with the existing Shares of the Company. Admission is expected at 8.00 a.m. on or around 23 December 2025.

Total Voting Rights

Following Admission, the Company's issued share capital will comprise 1,011,647,492 ordinary shares with one voting right each. As the Company does not hold any shares in Treasury, the total number of voting rights in the Company is also 1,011,647,492 and this figure of ordinary shares 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 share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.