Update on Investee Company

Lift Global Ventures PLC

02 February 2026

 

Lift Global Ventures Plc
("Lift" or the "Company") 

Update on Investee Company

Lift Global Ventures Plc (AQSE:LFT), provides an update on its investment portfolio company, Trans-Africa Energy Limited ("TAE").

TAE is focused on developing energy infrastructure projects located primarily in Sub-Saharan Africa, the first of which is in Ghana. Further to its announcement on 31 October 2025, Lift confirms that TAE has held further discussions with a Southern African state-owned investor (the "Investor").

TAE has shared with Lift a letter dated 26 January 2026 from the Investor, pursuant to which the Investor confirms that:

•   as a state-owned enterprise, it is subject to a rigorous framework of checks and balances that ensures full compliance and transparency in all operations;

•   the TAE project has received the support of its Board; and

•  it has selected the appropriate entity within its group structure to properly consider and evaluate the opportunity and, if appropriate, to enter into the subscription agreement.

In support of TAE's efforts to finalise the investment, the Company has agreed to extend the Redemption Date from 31 January 2026 to 31 March 2026.

Capitalised terms shall have the same meaning as the RNS dated 25 October 2024, unless otherwise defined.

The directors of the Company accept responsibility for the contents of this announcement.

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

Enquiries:

Lift Global Ventures Plc
David Richards, Executive Chairman	Via Oberon
Oberon Capital (AQSE Corporate Adviser and Broker)
Nick Lovering, Adam Pollock	[phone]

For more information please visit: www.liftgv.com 

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