Albania Project Update

Albania Project Update - Groundworks Completed, First Payment Received, and commencement of Ground Floor Construction

Eco Buildings Group plc ("Eco Buildings", or "the Company"), the AIM-quoted designer, manufacturer and builder of advanced modular housing systems, is pleased to provide an update on the continuing progress of its 18-unit apartment development in Tirana, Albania.

Groundworks Completed and First Payment Received

The Company has now completed all groundworks and foundations for the first 18-unit apartment block. This key milestone has triggered the receipt of an initial 10% contract payment being €220,000 from the developer, marking the first revenue inflow under the Albanian project.

With foundations complete, the site team is now commencing ground floor construction. The Company is confident that the project will be completed ahead of schedule.

Progress Consistent with Prior Announcements

This update follows the RNS announcements of 4 September 2025 and 9 September 2025, which confirmed that 40% of materials for the project had already been produced and stocked. Today's progress confirms that the project remains fully on schedule and consistent with the previously communicated 6-to-9-month delivery timeframe.

Financial Overview and Pipeline Expansion

The 18-unit apartment block is the first of Eco Buildings' growing pipeline of developments in Albania. Negotiations are now well advanced for a further three to four similar apartment blocks, and discussions continue for a wider roll-out of Eco Buildings' technology across the country.

The development is being advanced in collaboration with one of Albania's most established property groups as part of a growing partnership to deliver high-quality, energy-efficient housing using Eco Buildings' proprietary GFRG (Glass Fibre Reinforced Gypsum) modular technology.

This development is situated in Tirane on the site being constructed and will consist of 6 apartment blocks and a large number of high-quality detached villas of varying sizes.

Next Steps and Outlook

Completion and hand-over of the first apartment block is now expected to take place ahead of the original timeline.

Dr Etrur Albani, Executive Vice-Chairman of Eco Buildings, commented:

"Eco Buildings continues to position itself as a leading innovator in sustainable modular housing, combining speed of construction, reduced carbon footprint, and enhanced thermal performance to address the growing demand and shortage of housing across Europe and emerging markets. The Company will provide further updates as the Albanian project reaches new construction milestones and as the additional apartment blocks are formally contracted"

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.