Acquisition Deposit and Change of Control

Summary by AI ^BETAClose X

Sunda Energy plc has paid a US$1.5 million deposit for its conditional acquisition of Matahio Energy NZ Limited, which holds production and exploration permits in New Zealand. The company has also submitted the required change of control application to New Zealand government authorities, a necessary step under the Crown Minerals Act.

Disclaimer*

Sunda Energy PLC

14 April 2026

Sunda Energy plc

("Sunda" or the "Company")

Payment of deposit for New Zealand acquisition and submission of change of control application

Sunda Energy plc (AIM: SNDA), the AIM-quoted exploration and appraisal company focused on oil and gas assets in the Asia-Pacific region, is pleased to confirm that, further to the announcement on 8 April 2026 of the conditional acquisition of Matahio Energy NZ Limited and its subsidiary companies that own and operate 100% of a group of production and exploration permits in New Zealand, the Company has paid the initial deposit to the seller, Matahio Ventures Pte. Limited, in the amount of US$1.5 million.

Sunda is further pleased to inform that the Company has submitted to the New Zealand government authorities the application for consent for the change of control of the operating companies of the production and exploration permits, in line with the requirements set out in the Crown Minerals Act of New Zealand.

ENDS

For further information, please contact:

Sunda Energy Plc

Andy Butler, Chief Executive

Rob Collins, Chief Financial Officer

Tel: +44 (0) 20 7770 6424

Allenby Capital Limited (Nominated Adviser and Joint Broker)

Nick Athanas, Nick Harriss, Ashur Joseph (Corporate Finance)

Kelly Gardiner (Sales and Corporate Broking)

Tel: +44 (0) 203 328 5656

Hannam & Partners Advisory Limited (Advisor and Joint Broker)

Neil Passmore (Corporate Finance)

Leif Powis (Sales)

Tel: +44 (0) 20 7907 8502

Celicourt Communications (Financial PR and IR)

Mark Antelme, Philip Dennis, Charles Denley-Myerson

Tel: +44 (0) 20 7770 6424

sunda@celicourt.uk

Further information on the Company can be found on its website at sundaenergy.com

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