Operations Update

Cadogan Energy Solutions Plc

("Cadogan" or the "Company")

Successful start of operations for the gas-to-power project

Cadogan Energy Solutions is pleased to announce that, on February 13^th, 2026, the Company has successfully started its gas-to-power operations in Ukraine. This installation enables a significant reduction in CO2 emissions associated with oil production while generating incremental revenue through the sale of electricity to the national grid.

About

Cadogan Energy Solutions is an independent multi-energy group, listed on the Main Market of the London Stock Exchange, operating an exploration and production license in Western Ukraine, with two gas exploration licenses in Northern Italy. Cadogan Energy Solutions is now an operator in the power generation sector. The Company's goal is to expand its investments across the energy value chain with a focus on energy solutions and services with a reduced environmental footprint.

For further information, please contact:

Cadogan Energy Solutions plc
Fady Khallouf                        Chief Executive Officer         [e-mail]
Ben Harber                             Company Secretary            [phone]

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