Extension of Shell Hedging Facility

Yü Group PLC (AIM: YU.), the independent supplier of gas, electricity, meter asset owner and installer of smart meters, is delighted to announce an extension to the structured trading agreement ("Hedging Facility") with Shell Energy Europe Limited ("Shell Energy"). The Group initially entered into a five-year Hedging Facility in February 2024. On the back of the success of the relationship the Group has today entered into a three-year extension of the term to 2032.

The extension of the Hedging Facility represents the continued strength of the partnership that has been developed between Yü Group and Shell Energy, capable of underpinning annual revenues significantly in excess of £2bn.

The Hedging Facility continues to provide structured access to the commodity markets without cash deposited as collateral to support mark-to-market movements which can absorb capital in volatile commodity environments. The extension offers a significant increase in volume capacity to facilitate the ambitious three-year growth plan, SS2B, as well as flexibility in product development to improve our breadth of offering to meet wider customer needs.

The extension ensures Yü Group are well placed to deliver their ambitious stated growth plan to secure a 7-9% market share by 2028.

Bobby Kalar, Chief Executive Officer of Yü Group, commented:

"This extension clearly demonstrates the strength of the relationship between our respective businesses, and whilst our ambitious growth plans were not precedent on getting this deal done it gives us a clear runway to continue the job of becoming the fastest growing dominant B2B supplier in the UK. As always, I would like to thank the hard work put in by my amazing team."