MII Milton Capital Plc

3 February 2025

Milton Capital Plc

("Milton" or the "Company")

Update re Potential Acquisition

Milton Capital Plc is pleased to provide the following update regarding its Potential Acquisition of certain subsidiaries of Horizon Energy Global Corporation (the "Vendor") as announced on 8 October 2024.

The Company and the Vendor have by mutual agreement extended the Exclusivity Agreement in respect of the Potential Acquisition until the end of March 2025.

The Company and the Vendor continue to progress their mutual aim of entering into a Share Purchase Agreement as described in the 8 October 2024 announcement, whereby the Vendor, a global energy transition company, wishes to separate its European assets from its core North American domestic business and believes a business combination with Milton will provide its shareholders with the best opportunity to progress these assets.  Milton's board believes that the assets represent an outstanding opportunity with high prospectivity.

The Company will provide further information on the Potential Acquisition in due course.

Unless otherwise defined herein, capitalised terms in this announcement shall have the meaning ascribed to them in the 8 October 2024 announcement.

This announcement contains information which, prior to its disclosure, was inside information for the purpose of the Market Abuse Regulation (as in force in the United Kingdom).

Enquiries:

Milton Capital

Edward Dawson, Chief Executive Officer

Tel: +44 (0)20 7390 0236 (via Vigo Consulting)

Peterhouse Capital Limited (Financial Adviser)

Brefo Gyasi / Guy Miller

Tel: +44 (0)20 7469 0930

Vigo Consulting (Investor Relations)

Ben Simons / Finlay Thomson

Tel: +44 (0)20 7390 0236

Website: https://www.milton-capital.co.uk/