ADM Energy Plc – Placing and Subscription to raise £375,000, Debt Settlement, Issue of Equity, Appointment of Broker

1 May 2026

ADM Energy PLC

(«ADM» or the «Company»)

Placing and Subscription to raise £375,000

Debt Settlement, Issue of Equity

Appointment of Broker

ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resource investing
company, announces that it has conditionally raised total gross
proceeds £375,000, comprising: (i) a placing of 1,000,000,000 new ordinary
shares («Placing Shares») of £0.00001 each («Ordinary Shares») at a price of
0.02 pence per share («Issue Price») raising £200,000 (the
«Placing»); and (ii) via a subscription for 875,000,000 new Ordinary
Shares («Subscription Shares») at the Issue Price raising £175,000 (the
«Subscription») (the Placing and the Subscription together, the «Fundraise» and
«Fundraise Shares»).

The Placing has been arranged by Capital Plus Partners Limited as sole broker to
the Placing. The Fundraise has been supported by a number of existing and
new investors, reflecting confidence in the Company’s momentum, strategy and
expansion opportunities.

Use of Proceeds

It is the intention that the proceeds of the Fundraise will be deployed
primarily to increase the interest of the Company in Vega Upstream JV, LLC, as
announced on 29 April 2026, to approximately 35.0% through an additional capital
contribution of US$300,000 to Vega Upstream JV and for working capital purposes
of the Company.

As announced on 29 April 2026, the Company believes
that the additional investment in Vega Upstream JV will result in an increase of
the expected monthly revenue to the Company to approximately US$111,000 per
month (subject to certain conditions).

The Fundraise Shares will, when issued, rank pari passu in all respects with the
existing ordinary shares of the Company, including the right to receive all
dividends and other distributions declared, made or paid after their date of
issue.

Debt Settlement and Further Issue of Equity

In addition to the Placing Shares and the Subscription Shares the Company will
issue 250,000,000 ordinary shares in settlement of certain creditors (the
«Settlement Shares») and 125,000,000 share to Randall J. Connally in settlement
of accrued and unpaid salary (the «Compensation Shares») (the Settlement Shares
and the Compensation Shares, together with the Fundraise Shares, the «New
Ordinary Shares»).

Appointment of Broker

Further to the above, Capital Plus Partners Limited has been appointed
as sole broker to the Company.

Admission and Total Voting Rights

Application will be made to the London Stock Exchange for the 2,250,000,000 New
Ordinary Shares to be admitted to trading on AIM («Admission»). It is expected
that Admission will become effective and dealings in the Placing Shares
will commence at 8.00 a.m. on 7 May 2026.

Following Admission, the Company’s issued ordinary share capital will
consist of 4,805,940,064 ordinary shares of 0.001p each, with one voting right
per share. No ordinary shares will be held in treasury. The total number of
voting rights in the Company following Admission will
therefore be 4,805,940,064, being the figure that 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.

The Placing is conditional upon Admission becoming effective.

Regarding the Placing, Executive Director, Randall J. Connally, stated:

«The Midcon Acquisition previously announced is the cornerstone to rebuild ADM
that the Company has been working to secure, the placing today makes it possible
for the Company to realize maximum benefit from the revenue, cash flow and
upside of the Midcon Acquisition».

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, Executive Director | |
+————————————-+———————+
|www.admenergyplc.com | |
+————————————-+———————+
| | |
+————————————-+———————+
|Cairn Financial Advisers LLP  |+44 (0) 20 7213 0880 |
+————————————-+———————+
|(Nominated Adviser)  | |
+————————————-+———————+
|Jo Turner, Liam Murray  | |
+————————————-+———————+
| | |
+————————————-+———————+
|Capital Plus Partners Limited  |+44 (0) 20 7432 0501 |
| | |
|(Broker) | |
| | |
|Jonathan Critchley       | |
+————————————-+———————+
| | |
+————————————-+———————+

About ADM Energy PLC

ADM Energy PLC (AIM: ADME; BER and FSE: P4JC) is a natural resources investing
company with investments including a 100.0% ownership interest in Vega Oil and
Gas, LLC; a 60% economic interest in Eco Oil; a 42% economic interest in OFX
Technologies, LLC (www.ofxtechnologies.com); a 10% asset interest in Vega
Upstream JV, a business established to identify and coordinate investment
opportunities in US onshore oil and gas assets; 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.

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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