REG - Berkeley Energia - Filing of US$1.25 Billion Statement of Claim

Berkeley EnergiaAnnouncement

06/02/2026 07:00

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RNS Number : 9910R  Berkeley Energia Limited  06 February 2026

NEWS RELEASE | 6 February 2026

FILING OF US$1.25 BILLION STATEMENT OF CLAIM FOR COMPENSATION AGAINST SPAIN

Berkeley Energia Limited (Berkeley) advises that its wholly owned subsidiary,
Berkeley Exploration Limited (BEL or the Company), has filed a Memorial of
Claim at the International Centre for Settlement of Investment Disputes
(ICSID) in Washington, D.C. in the Company's ongoing international arbitration
proceedings against the Kingdom of Spain (Spain).

As previously announced, the Company referred its investment dispute with
Spain to arbitration at ICSID where BEL alleges that Spain's actions against
its Spanish subsidiary, Berkeley Minera España SA (BME), and the Salamanca
Project (Project) have violated multiple provisions of the Energy Charter
Treaty (ECT).

The Company's Memorial of Claim has now been filed with ICSID with the Company
seeking compensation in the order of US$1.25 billion (US$1,250,000,000).

The Memorial of Claim also includes:

·      Factual background to the Project and the dispute;

·      A detailed statement of the legal basis for the claim brought
against Spain;

·      A number of key witness statements; and

·     Reports from several independent experts covering technical and
regulatory aspects, and an assessment of damages.

Spain has until July 2026 to respond to the Memorial of Claim (or until
October 2026 to submit a Memorial on Jurisdiction, if the ICSID tribunal
orders that issues of jurisdiction be heard and determined before issues of
liability and damages).

Notwithstanding the investment dispute and the filing of the Memorial of
Claim, the Company remains committed to the Salamanca Project and continues to
be open to a constructive dialogue with Spain. BEL is ready to collaborate
with the relevant Spanish authorities to find an amicable resolution to the
permitting situation and remains hopeful discussions can take place in the
near term.

Berkeley will continue to provide further updates on the arbitration
proceedings as required.

For further information please contact:

Robert
Behets
Francisco Bellón

Acting Managing Director                   Chief Operations
Officer

+61 8 9322
6322                                 +34 923
193 903

info@berkeleyenergia.com (mailto:info@berkeleyenergia.com)

 

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.

 

 

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