Result of Retail Offer

Star Energy (AIM: STAR), a British energy company with core activities centring on oil and gas extraction, announces that the Retail Offer launched on 1 May 2026 via the BookBuild platform has raised in aggregate £541,152.90 through the issuance of 3,607,686 Retail Offer Shares at a price of 15 pence per share.

Accordingly, the Company has conditionally raised total gross proceeds of approximately £9.1 million in aggregate by way of the Placing, the Subscription and the Retail Offer.

Capitalised terms used but not defined in this announcement have the meanings given to them in the Company's announcement released at 5:00pm on 30 April 2026 in respect of the Placing to raise approximately £8.5 million (before expenses), the Subscription to raise £31,000 (before expenses) and Retail Offer to raise up to £0.6m (before expenses) unless the context provides otherwise.

Admission, settlement and total voting rights

Application will be made for 60,531,015 New Ordinary Shares (comprising the Retail Offer Shares and 56,716,664 New Ordinary Shares issued pursuant to the Placing and 206,665 New Ordinary Shares issued pursuant to the Subscription) to be admitted to trading on AIM and it is expected that Admission in respect of such shares will become effective at 8:00 a.m. on or around 19 May 2026. The New Ordinary Shares will rank pari passu with the Existing Ordinary Shares.

Admission is conditional, inter alia, upon the Placing Agreement not having been terminated and becoming unconditional, and upon the approval of the Resolutions by the Shareholders at the Company's forthcoming General Meeting to be held on 18 May 2026.