Result of oversubscribed WRAP Retail Offer

Sunda Energy plc (AIM: SNDA), the AIM-quoted exploration and appraisal company focused on gas assets in Southeast Asia, is pleased to confirm the result of the WRAP Retail Offer.

The WRAP Retail Offer, at a price of 0.025 pence per share (the "Issue Price") with accompanying 1-for-2 warrants, was multiple times oversubscribed, demonstrating the strong support from Sunda's retail shareholder base and new investors. As a result, in accordance with the terms of the WRAP Retail Offer, the Company has decided to increase the size of the WRAP Retail Offer to partially accommodate some of this excess demand. Despite this increase, applications still substantially exceeded the available allocation and, accordingly, were scaled back. As such, the Company has successfully raised £470,000 pursuant to the WRAP Retail Offer and will issue a total of 1,880,000,000 new Ordinary Shares at the Issue Price and 940,000,000 warrants pursuant to the WRAP Retail Offer.

To effect this increase, as the Company is limited by its authorities disapplying pre-emption rights granted at the Company's annual general meeting held on 27 June 2025, the Subscription Shares being subscribed for by the Directors and senior management under the Subscription, as set out in the Company's announcement of 15 October 2025, will be deferred until their issue is approved at a general meeting of the Company to be held as soon as is practicable. A circular and notice of general meeting is expected to be sent to shareholders during the course of next week.

In the event that the resolution at the general meeting to grant the authority to approve the Issue of the Subscription Shares and accompanying Warrants pursuant to the Subscription is not approved by shareholders, then the Directors and senior management would invest the funds into the Company as zero coupon loans. The intention is that these loans would then become convertible into new ordinary shares in the Company on the same terms as the WRAP Retail Offer as soon as the Company has the requisite authorities.

As a result of the above, the Company has raised conditionally gross proceeds of £710,000 for the Company, via the WRAP Retail Offer and the Subscription. The Subscription is now conditional on shareholder approval and will raise gross proceeds of £240,000 which will result in the issue of 960,000,000 new Ordinary Shares at the Issue Price and the issue of 480,000,000 warrants (all subject to shareholder approval).

Dr Andy Butler, CEO of Sunda, commented:

"The exceptionally strong take up of this retail offer is very welcome and a great testament to the investment case for Sunda Energy. The offer was closed earlier than expected and was multiple times oversubscribed. I thank investors for this exceptional support and my fellow directors and colleagues' consent to stand aside to partially accommodate demand pending a general meeting and shareholder vote for their share subscriptions."

Admission and Total Voting Rights

Application has been made for the WRAP Retail Offer Shares to be admitted to trading on AIM ("Admission"). Admission is expected to become effective on or around 21 October 2025.

Upon Admission of the WRAP Retail Offer Shares, the Company's issued ordinary share capital will consist of 30,516,378,281 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, from Admission the total number of Ordinary Shares and voting rights in the Company will be 30,516,378,281. With effect from Admission, this figure may be used by Shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

The new Ordinary Shares to be issued pursuant to the WRAP Retail Offer will be issued free of all liens, charges and encumbrances and will, on Admission, rank pari passu in all respects with the Company's existing Ordinary Shares.

Subject to shareholder approval, it is expected that the Subscription Shares would be admitted to trading on AIM in early November 2025. A further announcement will be made at the time of the posting of the circular and notice of general meeting.

Terms used but not defined in this announcement have the same meaning as set out in the Company's announcement released at 07.01 a.m. 15 October 2025.

The Company's LEI is 213800MBSOS9UZ5SW712.