WRAP Retail Offer

Sunda Energy plc (AIM: SNDA), the AIM-quoted exploration and appraisal company focused on gas assets in the Asia-Pacific region, is pleased to announce a retail offer via the Winterflood Retail Access Platform ("WRAP") to raise up to £750,000 (the "WRAP Retail Offer") through the issue of new ordinary shares of £0.001 each in the capital of the Company following the completion of the Capital Reorganisation ("New Ordinary Shares"). Under the WRAP Retail Offer up to 25,210,084 New Ordinary Shares (the "WRAP Retail Offer Shares") will be made available at a price of 2.975 pence per share (the "Issue Price").

As part of the WRAP Retail Offer, the Company has agreed that one warrant for every two WRAP Retail Offer Shares will be granted (for no additional subscription cost), with each warrant entitling the holder to acquire one New Ordinary Share at a price of 4.4625 pence up to the third anniversary of the date of grant (the "Warrants").

In addition to the WRAP Retail Offer, the Company has announced immediately prior to this announcement the proposed Acquisition of a production, development and exploration business onshore New Zealand, a proposed Fundraising and a proposed Capital Reorganisation, (the "Acquisition Announcement").

The Fundraising comprises:

• A Firm Subscription raising gross proceeds of £900,000 at 0.02975 pence per Firm Subscription Share
• A Convertible Loan Note Subscription raising up to £4,250,000
• Conditional Subscriptions totalling £800,000 at the Issue Price comprising: (i) the conversion of £750,000 of the £1.5 million unsecured loan provided by Andy Butler (CEO of Sunda Energy) as announced by the Company on 10 February 2026; and (ii) conditional subscriptions by three other directors, Gerry Aherne (Non-Executive Chair), Keith Bush (Non-Executive Director) and John Chessher (Non-Executive Director), totalling £50,000
• The WRAP Retail Offer to existing shareholders of the Company to raise up to £750,000, conditional on shareholder approval

The Company also today announced a proposed Capital Reorganisation, to consolidate and sub-divide the Existing Ordinary Shares, such that every 100 Existing Ordinary Shares are consolidated into one New Ordinary Share.

The Issue Price is 2.975 pence share on a post Capital Reorganisation basis (equivalent to 0.02975 pence per Existing Ordinary Share, a 15% discount to the bid price of an Existing Ordinary Share on 7 April 2026).

The use of proceeds of the Fundraising is set out in the Acquisition Announcement.

For the avoidance of doubt, the WRAP Retail Offer is not part of the Firm Subscription, Convertible Loan Note Subscription or Conditional Subscriptions. Completion of the WRAP Retail Offer is conditional, inter alia, upon the completion of the Firm Subscription, Convertible Loan Note Subscription and Conditional Subscriptions but completion of the Firm Subscription, Convertible Loan Note Subscription or Conditional Subscriptions is not conditional on the completion of the WRAP Retail Offer.

The issue of the WRAP Retail Offer Shares is conditional upon, inter alia, the passing of certain resolutions to be put to shareholders of the Company at a General Meeting, which is expected to be held on 29 April 2026. A circular containing further details of the proposals and containing the Notice of General Meeting is expected to be despatched to Shareholders by 10 April 2026. Following its publication, the Circular will be available on the Company's website at https://sundaenergy.com/.

The WRAP Retail Offer is conditional on the New Ordinary Shares (including the WRAP Retail Offer Shares) being admitted to trading on AIM ("Admission"), further details of which is set out in the Acquisition Announcement. It is anticipated that Admission will become effective and that dealings in the WRAP Retail Offer Shares will commence on AIM, at 08.00 a.m. on 30 April 2026.

Sign up to WRAP Deal Notifications at: www.winterflood.com/wrap

WRAP Retail Offer

Therefore, the Company is making the WRAP Retail Offer available to eligible investors in the United Kingdom, following release of this announcement, being existing shareholders of Sunda Energy Plc, and through certain financial intermediaries.

Retail brokers wishing to participate in the WRAP Retail Offer on behalf of existing retail investors, should contact WRAP@winterflood.com.

The WRAP Retail Offer is expected to close at 4.30pm on 9 April 2026. Eligible retail investors should note that financial intermediaries may have earlier closing times. The result of the WRAP Retail Offer is expected to be announced by the Company on or around 10 April 2026.

There is a minimum subscription of £250 per investor under the WRAP Retail Offer. The terms and conditions on which investors subscribe will be provided by the relevant financial intermediaries including relevant commission or fee charges.

The WRAP Retail Offer Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with existing New Ordinary Shares including the right to receive all dividends and other distributions declared, made or paid after their date of issue.

It should be noted that a subscription for WRAP Retail Offer Shares and investment in the Company carries a number of risks, including the risk that investors may lose their entire investment. Investors should take independent advice from a person experienced in advising on investment in securities such as the WRAP Retail Offer Shares if they are in any doubt.

No offering document, prospectus or admission document has been or will be prepared or submitted to be approved by the Financial Conduct Authority (or any other authority) in relation to the WRAP Retail Offer, and investors' commitments will be made solely on the basis of the information contained in this announcement and information that has been published by or on behalf of the Company prior to the date of this announcement by notification to a Regulatory Information Service.

Unless defined in this announcement, all capitalised terms have the meaning ascribed to them in the Acquisition Announcement.

The Company's LEI is 213800MBSOS9UZ5SW712.

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