Block Admission Six Monthly Return & Cancellation

Southern Energy Corp.

02 February 2026

 

SOUTHERN ENERGY CORP.
BLOCK ADMISSION SIX MONTHLY RETURN

CANCELLATION OF BLOCK ADMISSION

Calgary, Alberta - February 2, 2026 - Southern Energy Corp. ("Southern" or the "Company") (TSXV:SOU) (AIM:SOUC) announces the following update on its block admission of shares to be issued to holders of the outstanding warrants issued in 2021 (the "2021 Warrants") and the outstanding 10% convertible unsecured subordinated debentures issued on June 14, 2019 and January 15, 2021 (the "Convertible Debentures").

Name of company:	Southern Energy Corp.
Name of schemes:	The Southern Energy Corp - warrants issued in 2021 and the 10% convertible unsecured subordinated debentures issued on 14 June 2019 and 15 January 2021
Period of return:	From: 6 May 2025 To:     2 February 2026
Balance of unallotted securities under scheme(s) from previous return:	3,906,250 Common Shares
The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for):	Nil Common Shares
Number of securities issued/allotted under the scheme during the period:	Nil Common Shares
Number of securities lapsed under the schemes during the period:	3,906,250 Common Shares
Balance under the schemes of securities not yet issued at the end of the period subject to the block admission:	Nil Common Shares
Name of contact:	Calvin Yau, CFO
Telephone number of contact:	[phone]

Cancellation of Block Admission

The 2021 Warrants and the Convertible Debentures have now expired and convertible debentures or warrants remain outstanding. No further shares may be issued under the block listing and no further block listing returns will be made in respect of this expired Plan; therefore, the block listing is hereby cancelled.

Total Voting Rights

As at February 2, 2026, the total number of voting rights in the Company was 336,254,953 which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules. There are no Common Shares held in treasury and each Common Share entitles the holder to a single vote at general meetings of the Company.

For further information, please contact:

Southern Energy Corp. Ian Atkinson (President and CEO) Calvin Yau (CFO) [phone] [phone] Strand Hanson Limited - Nominated & Financial Adviser James Bellman / Rob Patrick / Edward Foulkes [phone] Tennyson Securities - Broker Peter Krens / Jason Woolard [phone]

About Southern Energy Corp.

Southern Energy Corp. is a natural gas exploration and production company characterized by a stable, low-decline production base, a significant low-risk drilling inventory and strategic access to premium commodity pricing in North America. Southern has a primary focus on acquiring and developing conventional natural gas and light oil resources in the southeast Gulf States of Mississippi, Louisiana, and East Texas. Our management team has a long and successful history working together and have created significant shareholder value through accretive acquisitions, optimization of existing oil and natural gas fields and the utilization of re-development strategies utilizing horizontal drilling and multi-staged fracture completion techniques.

 

END