TERMINATION OF SHARE PURCHASE AGREEMENT

GEORGINA ENERGY PLC (LSE: GEX), announces that it has received formal notice of termination of the share purchase agreement dated 11 November 2025 (and as subsequently amended) (the "SPA") from Central Petroleum Limited (the "Counterparty") following the failure of the parties to agree amendments to the terms of the SPA.

Background

On 11 November 2025, the Company announced that it had entered into the SPA with the Counterparty pursuant to which the Company agreed to acquire the entire issued share capital of certain of the Counterparty's subsidiaries (the "Acquisition"). Completion of the Acquisition was conditional upon the fulfilment or waiver of certain conditions (the "Conditions").

As previously announced on 25 March 2026, the Company and the Counterparty had been negotiating the amendment of the terms of the Acquisition and waiver of certain of the Conditions thereto in light of, inter alia, the Company's planned financing arrangements and other changes to the terms of the Acquisition.

Notice of Termination

The Company announces that, on 6 May 2026, it received formal written notice from the Counterparty seeking to exercise its right to terminate the SPA with immediate effect as a result of the parties being unable to reach agreement on the proposed terms of such amendments to the SPA.

As a consequence of the termination of the SPA, the Acquisition will not proceed and all obligations of the parties thereunder (save for those expressed to survive termination) are of no further force or effect.

Consequences of Termination

The Company will continue to pursue its strategic objectives and the Board will make further announcements as and when appropriate.

Enquiries

Notes to Editors

Georgina Energy aims to become a leading player in the global energy market and is focused on establishing itself among the top producers of helium and hydrogen worldwide. With a strategic approach and leveraging the experienced management team's expertise, Georgina Energy aims to capitalize on opportunities in these critical energy sectors.

Georgina Energy has two principal onshore interests held through its wholly owned Australian subsidiary, Westmarket O&G.  The first, the Hussar Prospect is located in the Officer Basin in Western Australia and Westmarket O&G holds a 100% working interest in the exploration permit.  The second, the EPA155 Mt Winter Prospect, is located in the Amadeus Basin in the Northern Territory, subject to completion of the Sale Agreement Georgina Energy will hold a 100% working interest.

 In line with market demand trends, Georgina Energy is well-positioned to capitalize on the growing gap between supply and demand for hydrogen and helium with the resource potential of EPA155 Mt Winter and EP513 Hussar projects for their potential accumulations.

 For more information visit https://www.georginaenergy.com

IMPORTANT NOTICE

This announcement has been prepared in accordance with English law and the information disclosed may not be the same as that which would have been prepared in accordance with the laws of jurisdictions outside England and Wales.

Certain statements in this announcement are forward-looking statements. These statements are based on assumptions that are subject to significant risks and uncertainties, many of which are beyond the control of the Company, and actual results may differ materially from those expressed or implied by these statements. The Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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