Official Certification for Latin American Markets

Highlights

• The Group's walls have been approved for use under national building regulations in Chile, following a full range of stress tests.
• Certification from this noted testing centre in Santiago is accepted by countries across Central and South America enabling market access across Latin America

Eco Buildings Group Limited (AIM: ECOB), the UK-quoted modular housing company, is pleased to announce that the government-approved testing department at the Catholic University of Chile in Santiago, has informed the Company that its wall panels, have successfully passed the government's rigorous testing program for use in its construction market.

This noteworthy development is the result of months of meticulous testing that began back in July 2023 where the Group's building materials were subjected to the most extensive evaluations for strength, durability, fire-resistance, sound insulation and structural integrity. The results from the Catholic University testing center surpassed their stringent standards on all test variables, demonstrating the reliability and adaptability required to meet the exacting building regulation standards governing the construction industry in the region.

As a result of this performance success in Chile, it is the Company's understanding that its walls will also be deemed compliant across a substantial number of Latin American markets, allowing for significant future growth prospects in Chile and across the wider region. The full 40-page report will soon be made available on our website, www.eco-buildings.net.

Sanjay Bowry, CEO, Eco Buildings commenting on this exciting development, "Obtaining approval in a market with such exacting standards as Chile, is a significant milestone for Eco Buildings Group. It re-affirms the quality of our product offering as well as allowing us to accelerate efforts to sign new opportunities for growth in Chile, and elsewhere in Latin America. This opportunity is expected to complement our existing €114M order book in Europe, into which the Company expects to shortly commence deliveries from its recently upgraded factory in Albania.

I look forward to updating the market on these operations and delivery progress as well as further progress for the Company across production improvements and contract wins in the coming weeks as Eco continues to penetrate the world's modular housing markets."

Notes

Eco Buildings has already secured two sales contracts with major construction companies, one in Albania, the other in Kosovo, which are expected to generate gross sales revenue of approximately up to €38 million in total per annum over the first three years (approximately €114 million in total) following Admission.