Investor Presentation

Summary by AI ^BETAClose X

Angus Energy PLC has announced an investor presentation following a £3 million fundraising and restructuring, which has significantly strengthened its balance sheet by crystallising royalties, converting deferred consideration to equity, and simplifying its capital structure, thereby removing legacy liabilities and equity overhangs. This revised financing allows for funding of operations, capital investments, and overheads while maintaining liquidity and applying surplus cash to debt reduction. The company has seen increased production from the Saltfleetby workover, with further growth anticipated from facility optimisation, the Brockham workover, and a planned fourth Saltfleetby well. The roll-off of low-priced gas hedges and replacement with higher-priced hedges, combined with increased production, has materially improved hedge-adjusted revenues and cash generation, positioning Angus Energy for organic growth and value-accretive acquisitions.

Disclaimer*

Angus Energy PLC

01 July 2026

Angus Energy PLC

("Angus", the "Company" or together with its subsidiaries, the "Group")

(AIM:ANGS)

Investor Presentation Following Proposed Restructuring and Fundraising

· The £3 million fundraising combined institutional demand through the placing with significant participation from existing major shareholders and the Board through direct subscriptions, demonstrating broad support for the Company's next phase of growth.

· The restructuring has materially strengthened the Company's balance sheet through the crystallisation of the overriding royalty, conversion of deferred consideration into equity and simplification of the capital structure, removing significant legacy liabilities and equity overhangs.

· The revised financing structure enables Angus to fund its operating expenditure, capital investment programme and corporate overheads while maintaining a prudent liquidity position. Surplus cash is then applied to reducing debt, strengthening the balance sheet and increasing value attributable to shareholders over time, while the Company retains the flexibility to fund its growth strategy.

· Production has increased following the successful Saltfleetby workover programme, with further growth expected from facility optimisation, the Brockham workover and the planned fourth Saltfleetby well.

· The roll-off of legacy low-priced gas hedges, together with replacement hedges entered into at significantly higher prices and increased production, has materially improved hedge-adjusted revenues and cash generation.

· With a stronger financial platform, aligned stakeholders and established operating infrastructure, Angus is well positioned to deliver organic production growth alongside disciplined, value-accretive acquisition opportunities.

Angus Energy plc is pleased to announce the publication of an investor presentation used in connection with its recent restructuring and fundraising. The presentation provides additional information on the Company's investment case, operational strategy and growth plans, and should be read alongside the Company's announcement of 24 June 2026.

A copy of the presentation is available on the Company's website at www.angusenergy.co.uk, under the Investors section in "Results, Reports & Presentations".

The Board believes the restructuring marks a significant milestone for the Company, providing a stronger financial platform from which to execute its operational strategy, reduce leverage through internally generated cash flow and create sustainable long-term value for shareholders.

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For further information please visit www.angusenergy.co.uk.

Angus Energy Plc

Carlos Fernandes

Finance Director Via Flagstaff

SP Angel Corporate Finance LLP (Nomad and Joint Broker) www.spangel.co.uk

Stuart Gledhill / Jen Clarke / Richard Hail Tel: +44 (0)20 3470 0470

OAK Securities (Joint Broker) www.oak-securities.com

Calvin Man / Oliver Morgan Tel: +44 (0)20 3973 3678

Flagstaff PR/IR angus@flagstaffcomms.com

Tim Thompson / Fergus Mellon / Alison Alfrey Tel: +44 (0) 207 129 1474

About Angus Energy plc

Angus Energy plc is a UK AIM quoted independent oil and gas company. Angus is the leading onshore gas producer in the UK and has ambitious plans to grow onshore production and diversify internationally. Angus Energy has a 100% interest in the Saltfleetby Gas Field (PEDL005), majority owns and operates conventional oil production fields at Brockham (PL 235) and Lidsey (PL 241) and has a 25% interest in the Balcombe Licence (PEDL244). Angus Energy operates all fields in which it has an interest.

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