Receipt of funds for repayment of US$51.9m loan

Summary by AI ^BETAClose X

Fenikso Limited has received US$516,684 as partial repayment of the US$51,919,467 Lekoil & Gas Investments loan, representing 8.65% of a recent crude oil sales payment, with the remaining loan balance now US$33,190,252 and the next payment due in May 2026. Additionally, the company has fully repaid its Savanah Energy Investments Limited loan according to renegotiated terms, meaning no loan is outstanding to Savanah Energy Limited.

Disclaimer*

Fenikso Limited

02 April 2026

Fenikso Limited

Receipt of funds for repayment of US$51.9m loan

2^nd April 2026: Fenikso Limited (AQSE: FNK) (the "Company"), the Cayman Islands enterprise company, announces the receipt of funds under the Lekoil & Gas Investments ("LOGI") Loan entered in to on 31 December 2022 as part of the Fenikso restructuring. Fenikso Limited received US$516,684 as partial repayment of the loan of US$51,919,467. The remaining amount under the loan is US$33,190,252. The amount received equates to 8.65% of the most recent payment from crude oil sales received by LOGI. The next payment is scheduled for May 2026.

As announced on 31 December 2025, the Company has repaid the full balance of the Savanah Energy Investments Limited loan ("SEIL Loan") in accordance with the renegotiated terms of the SEIL Loan announced on 25 April 2025. The Company no longer has any loan outstanding to Savanah Energy Limited.

The Directors of Fenikso accept responsibility for this announcement.

For further information, please visit www.feniksoltd.com or contact:

Fenikso Limited
Thomas Richardson, Chairman	info@feniksoltd.com
First Sentinel Corporate Finance Limited
Brian Stockbridge, Corporate Adviser	+44 7858 888 007

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