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REG-Cadogan Energy Solutions Plc: Italy Update

Press Release                           
                                                                                                    
              21 November 2025

This announcement contains inside information as defined under the Market
Abuse Regulations n. 596/2014


Cadogan Energy Solutions Plc

("Cadogan" or the "Company")

Cadogan Energy Solutions plc ("Cadogan"), the independent energy company,
listed on the London Stock Exchange, is pleased to announce that Exploenergy,
its subsidiary based in Milan (Italy), has been notified of the granting of a
gas exploration license for its Reno Centese project located in Emilia
Romagna. As announced on 15(th) May 2025, Exploenergy has already obtained a
gas exploration permit for its Corzano project in Lombardia.

ENDS

A            bout

Cadogan Energy Solutions                         is an independent energy
company, listed on the London Stock Exchange, which operates an exploration
and production license in Western Ukraine. Cadogan is finalizing several power
generation projects in Western Ukraine which will be operational in the very
next weeks. Through its Italian subsidiary, Exploenergy, Cadogan is now
holding two gas exploration licenses in Italy. The aim of the Company is to be
a diversified energy group making investments offering energy solutions and
alternative services with a lower impact on environment.

For further information, please contact:

Cadogan Energy Solutions plc                         
            Fady Khallouf               Chief Executive
Officer                           
f.khallouf@cadogan-es.com            
            Ben Harber                     Company
Secretary                                  +44
0207 264 4366



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