REG-ADM Energy Plc: Investment Reorganisation, Issue of Equity and Admission

Adm EnergyAnnouncement

Today 07:02

 30 January 2026

ADM Energy PLC

("ADM" or the "Company")

Investment Reorganisation

Increased Economic Interest in Reclamation Operations

Issue of Equity and Admission

ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resource investing
company, provides an update on a  reorganisation  of its interests in the
JKT group of companies (“JKT Group”) resulting in an increase in its
economic interest and operational control over the reclamation business
located in Wilson, Oklahoma, following the announcement in respect of the
financing agreement released on 30 January 2026 (“Financing Agreement”).

Background and Strategic Rationale

In January 2024, the Company made an investment in SW Oklahoma Reclamation,
LLC (“SWOK”), a company which at the time owned 60 per cent. of JKT
Reclamation, LLC (“JKT Reclamation”), an oil reclamation business with a
20-acre processing facility in Wilson, Oklahoma. The site has a track record
of processing approximately 1,750 barrels of oil a month in recent months. On
2 October 2025, the Company announced that JKT Reclamation had entered into a
future                                            funded swap agreement       
                                   with a large privately held US corporation
for the forward sale of 1,200 barrels of oil a month.

The Board of the Company has been evaluating its economic interest in the
reclamation facility and since its first investment in January 2024 has
increased this interest from 30.6 per cent. to 41.4 per cent.

Prior to the transaction described below, the Company held its investment in
the JKT Group through ADM Energy USA, Inc. (“ADM USA”), a wholly owned
subsidiary of ADM, which in turn held an indirect interest in JKT Reclamation,
LLC through its interest in SW Oklahoma Reclamation, LLC. Through this
structure, ADM held an indirect economic interest of approximately 41.4 per
cent. in the JKT operations.

Following review of the existing ownership structure, liabilities and
governance arrangements, the Company has completed an investment
reorganisation designed to:
*                                                                             
    simplify the ownership structure;                                         
                                 
*                                                                             
    remove legacy liabilities from the Group balance sheet;                   
                                                       
*                                                                             
    materially increase ADM’s economic exposure to the underlying
operations; and                                                               
            
*                                                                             
    provide enhanced operational control and alignment with management.
New Ownership Structure

On 20 December 2025, the Company announced that its wholly owned subsidiary
Vega Energy USA, Inc. (“VEUSA”) had incorporated Eco Oil Disposal, LLC
(“Eco Oil”), an Oklahoma limited liability company, VEUSA holds a 60 per
cent. voting and ownership interest in Eco Oil, with the remaining 40 per
cent. held by management shareholders.

Eco Oil has acquired 100 per cent. of the equity membership interest in JKT
Technologies, LLC (“JKT Technologies”), which in turn holds 100 per cent.
of the membership interest in JKT Wilson, LLC (“JKT Wilson”), the
operating entity. JKT Technologies was previously owned 100 per cent. by JKT
Reclamation.

Henceforth, the trade name of the business will be referred to by the Company
as Eco Oil. 

Consideration and Investment

The consideration for the acquisition of JKT Technologies is US$808,000,
comprising:
*                                                                             
    US$400,000 consideration satisfied through the issue of 296,296,296
ordinary shares of 0.001 pence each (“Ordinary Shares”) at an issue price
of 0.1 pence (“Issue Price”) per Ordinary Share (the “Consideration
Shares”);                                                                   
       
*                                                                             
    US$180,000 to be funded by VEUSA from proceeds of the Financing Agreement
(announced on 30 January 2026); and                                           
                               
*                                                                             
    US$228,000 by way of the assumption of certain liabilities agreed between
parties.
As part of the investment reorganisation, ADM USA has released and transferred
its ownership interest in SW Oklahoma Reclamation, LLC, and, by extension, its
indirect interest in JKT Reclamation, LLC. The directors of the Company
estimate that this results in the removal of in excess of US$1 million of
legacy liabilities associated with SWOK and JKT Reclamation for which the
Company may have become liable in future to meet its share of these costs. ADM
USA remains a wholly owned subsidiary of the Company and continues to hold
other assets and investments but will no longer hold any interest in SWOK or
JKT Reclamation.

Under the Eco Oil operating agreement following the acquisition, VEUSA will be
entitled to 80 per cent. of distributable profits from Eco Oil until the
Company’s capital investment has been repaid and a 12 per cent. per annum
preferred return on capital provided to Eco Oil including cash and the nominal
value of shares issued to effect the transaction. Once fully repaid, VEUSA
will be entitled to 60 per cent. of distributable profits from Eco Oil, a
significant increase from the previous position. As a result of the
transaction, ADM’s effective economic exposure to the JKT operations
increases from approximately 41.4 per cent. to 80 per cent. during the initial
payout period, before reverting to 60 per cent. economic interest.

The Board believes this materially improves the Company’s ability to oversee
the performance of its investee company’s strategy and operations.

All USD values have been converted to GBP at a nominal exchange rate of
US$1.35:£1.00.               Terms used but not defined in this announcement
have the same meaning ascribed to them as those in the Company’s
announcement released on 30 January 2026.

Earn-out arrangements

In addition to the acquisition consideration, an earn-out has been agreed
pursuant to which JKT Reclamation, LLC may receive future payments tied to
production volumes and realised oil prices at JKT Wilson for a period of 72
months commencing 1 July 2026. The earn-out comprises both fixed and variable
components linked to operational performance and commodity pricing.

Further Share Issuances

In addition to the Consideration Shares, a number of creditors, which includes
Directors of the Company, intend to convert their debt into shares. Further
announcements related to these issuances of these shares will be made in due
course.

The Consideration Shares issued in connection with the transaction will be
subject to a 12 month lock-in arrangement from the date of Admission.

Admission to AIM and Total Voting Rights

Conditional on the restoration of the Company’s shares to trading on the AIM
Market (“AIM”) of the London Stock Exchange (“LSE”), application will
be made for the Consideration Shares, to be admitted to trading on AIM, which
is expected to occur on or around 8:00 a.m. on 12 February 2026
(“Admission”). The Consideration Shares will rank pari passu in all
respects                              with the ordinary shares of the Company
currently traded on AIM.

Following Admission, the Company's issued share capital will comprise
2,085,473,440 ordinary shares of                              0.001 pence     
                       each. This number will represent the total voting
rights in the Company and may be used by shareholders as the denominator for
the calculation by which they can determine if they are required to notify
their interest in, or a change to their interest in, the Company under the
Financial Conduct Authority's Disclosure and Transparency Rules.

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication of this
announcement via Regulatory Information Service ('RIS'), this inside
information is now considered to be in the public domain.

Enquiries:

 ADM Energy plc                                  +1 214 675 7579   
 Randall Connally, Chief Executive Officer                         
 www.admenergyplc.com                                              
                                                                   
 Cairn Financial Advisers LLP                    +44 20 7213 0880  
 (Nominated Adviser)                                               
 Jo Turner / Liam Murray                                           
                                                                   
 AlbR Capital Limited                            +44 207 399 9400  
 (Broker)                                                          
 Gavin Burnell / Colin Rowbury                                     
 ODDO BHF Corporates & Markets AG                 +49 69 920540    
 (Designated Sponsor, Frankfurt Stock Exchange)                    
 Michael B. Thiriot                                                
                                                                   

About ADM Energy PLC

ADM Energy PLC (AIM: ADME; BER and FSE: P4JC) is a natural resources investing
company with investments including: a 100% interest in Vega Oil and Gas, LLC
(“Vega”) and through Vega holds a 25% carried working interest in the
Altoona Lease, California (“Altoona”); an approximate 60% economic
interest in Eco Oil Disposal, LLC (“Eco Oil”) and through Eco Oil an
economic interest in JKT Technologies, LLC (“JKT Technologies”) and JKT
Wilson, LLC (“JKT Wilson”); a 42.2% economic interest in OFX Technologies,
LLC (              www.ofxtechnologies.com              ) and through OFXT
holds 100% of Efficient Oilfield Solutions, LLC (“EOS”); and a 9.2% profit
interest in the Aje Field, part of OML 113, which covers an area of 835km²
offshore Nigeria. Aje has multiple oil, gas, and gas condensate reservoirs in
the Turonian, Cenomanian and Albian sandstones with five wells drilled to
date.   

About JKT Reclamation LLC

JKT Reclamation is the owner of a 20-acre facility in Wilson, Oklahoma with
fixed assets including a workshop and office structure, ten 410-barrel storage
tanks and other related separation and material handling equipment. In
addition to the property, plant and equipment, other assets include two
proprietary chemical formulae with additional potential commercial
applications.

Forward Looking Statements

Certain statements in this announcement are, or may be deemed to be,
forward-looking statements. Forward looking statements are identified by their
use of terms and phrases such as "believe", "could", "should", "envisage'',
"estimate", "intend", "may", "plan", "potentially", "expect", "will" or the
negative of those, variations or comparable expressions, including references
to assumptions. These forward-looking statements are not based on historical
facts but rather on the Directors' current expectations and assumptions
regarding the Company's future growth, results of operations, performance,
future capital and other expenditures (including the amount, nature and
sources of funding thereof), competitive advantages, business prospects and
opportunities. Such forward-looking statements reflect the Directors' current
beliefs and assumptions and are based on information currently available to
the Directors.



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