Main Market Admission and First Day of Dealings

Cindrigo Holdings Limited, a clean baseload energy developer and producer, is pleased to announce the admission of its entire issued share capital to trading on the Main Market of the London Stock Exchange, at 8.00 am today under the ticker "CINH" ("Admission"). The Company's Prospectus is available on Cindrigo's website https://www.cindrigo.com/investor-relations/corporate-documents.

Admission follows a Placing by Capital Plus Partners Limited ("Capital Plus"), as well as a Company Subscription, for a combined total of 17,176,994 New Ordinary Shares ("Fundraising Shares") at 12p per ordinary share of £0.01 each (the "Placing Price"), raising gross proceeds of £2.06 million together with the conversions of £9.3 million principal amount of Convertible Loan Notes at an average blended conversion price of approximately 17p. Beaumont Cornish Limited acted as the Sponsor and Financial Advisor in relation to the Admission and Capital Plus acted as Sole Broker. The Company expects to receive the London Stock Exchange's Green Economy Mark in due course.

Placing Statistics

Key Highlights

• The Company's primary focus is to advance its clean energy initiatives initially through Waste-to-Energy and geothermal projects across Europe.
• The Kaipola Plant is a 110 MW Combined Heat and Power Waste-to-Energy facility in Finland, secured under a 50-year lease, and plans to become a significant revenue-generating asset for the Company.
• The Kaipola Plant is expected to restart and step-up to scale production of Combined Heat and Electricity during Q4 2025 with a further gradual increase in 2026.
• The Company has acquired three German Geothermal Projects with 85 per cent. ownership, located in the highly prospective Upper Rhine region of Germany, with a combined target capacity of over 300 MW including heat and power, and the potential for lithium production to supplement project revenues.
• Electricity generated using geothermal resources benefits from a feed-in tariff for 20 years under Germany's Renewable Energy Sources Act, and heat tariffs typically range between €45 and €60 per megawatt hour under long-term (10- to 12-year) contracts.
• German federal and regional governments support Geothermal projects, where Capex recovery ("BEW Subsidy") can be up to 40 per cent. if appropriate criteria is met.

Lars Guldstrand, CEO of Cindrigo, commented: "Admission to the Main Market of the London Stock Exchange marks a significant milestone for Cindrigo as we progress our strategy to deliver long-life, sustainable baseload energy assets across Europe. Our Waste-to-Energy plant in Finland is expected to become a core revenue generator for the Group, providing the foundation to advance our geothermal portfolio in Germany, one of the most attractive and supportive markets for green baseload power and heat.

"With strong policy backing, long-term pricing structures and the growing need for reliable, clean energy, we believe the opportunity in geothermal is considerable. We are focused on progressing our projects in a responsible and disciplined manner, and we look forward to updating shareholders as we continue to deliver on our plans."

The dealing codes for the Ordinary Shares are as follows: