Clarification of media article

Reabold, the investing company focused on developing strategic gas projects for European energy security, notes the recent media article in the Telegraph newspaper on 19th April 2026 and issues the following clarifications.

The significant onshore natural gas resource at the West Newton site in Yorkshire has and will continue to be progressed for the benefit of UK energy security, which is particularly important at this time of significant geopolitical uncertainty. In addition, Reabold will continue to engage with all stakeholders, both locally and nationally, to ensure the optimal development pathway for West Newton is achieved.

The Company is exploring the potential to deploy a small-scale power generation facility at the West Newton A well site to mine bitcoin from initial flows of gas following the upcoming well workover, to demonstrate the ability to use West Newton gas to fuel datacenter developments that will be crucial to the future UK economy.

Successful implementation of such a project could allow for the development of a larger scale data centre at site, which would not preclude the potential for gas to grid, or gas to industrial consumption development options.

Reabold believes that the natural gas resources at West Newton and further prospective resources on the PEDL 183 licence can be used for the benefit of all stakeholders and is committed to facilitating this outcome.