New Loan Facility and Extension

eEnergy (AIM: EAAS), one of the UK's leading designers and installers of Solar PV, LED lighting, battery storage and EV chargers reducing customers' energy costs by up to 70%, announces an update to its short-term financing facilities.

While the 65 Mace sites are now fully operational and energised with the Company's energy saving products (Solar PV, LED Lighting, Battery storage and EV Chargers) the Company is experiencing some short-term delays in receipt of payments of c. £3.2m in aggregate for the completed work associated with the Mace project due to outstanding completion of paperwork, principally around Solar PV. This process is being advanced and is expected to be finalised over the coming months.

To support the net working capital of the Group, the Company has agreed an extension to the repayment term of the remaining £0.5m of the February 2026 Harwood Holdco Limited secured loan ("Harwood Loan"), from 30 November 2026 to 28 February 2027. The terms of the Harwood Loan remain unchanged, with interest accruing at a rate of 1 per cent. per month, payable on repayment of the loan.

The Company has also agreed £0.5m of new funding by way of a loan from Nigel Burton, a former Director of the Company and current eEnergy shareholder ("New Loan"). The New Loan is secured with a floating charge and interest accruing at a rate of 1 per cent. per month, payable on repayment of the loan and is also repayable by 28 February 2027. A 1% arrangement fee is payable on the New Loan and Harwood has consented to the New Loan being entered into.

The New Loan is deemed to be a related party transaction under AIM Rule 13 of the AIM Rules for Companies as Nigel Buron was a Director of the Company within the previous 12 months. The Company's Directors consider, having consulted with the Company's Nominated Adviser, Strand Hanson Limited, that the terms of the related party transaction are fair and reasonable insofar as the shareholders of the Company are concerned.