Coro Energy — Proposed Placing & Signing of Debt Facility

(LSE:CORO) Coro Energy has signed a senior secured debt facility with an initial committed tranche of US$10,000,000. The facility includes an uncommitted accordion option for an additional US$10,000,000, bringing the total potential facility size up to US$20,000,000. The debt facility has an eight-year tenor and carries a fixed interest rate of 9.5% per annum. Amortisation under the facility will occur quarterly. The availability period for drawdowns under the facility is 21 months. The facility is designed to finance up to 70% of eligible project capital expenditures, with drawdowns subject to conditions precedent. Coro Energy also proposes a minimum placing of £750,000 at an issue price of 3.0 pence per share. The net proceeds from the placing are expected to be at least £700,000. Each placing share will be accompanied by one investor warrant, exercisable at 4.5 pence per share, representing a 50% premium to the issue price. The placing shares will represent at least 19% of the enlarged share capital of the company. One director has committed to subscribe for 833,334 shares in the placing. Admission of the new shares is expected to occur around 7 December 2026. The announcement details both the debt facility and the proposed equity placing, including terms and expected outcomes.

Duyung sale: completion and receipt of shares

Coro Energy Plc announced the completion of the sale of its interest in the Duyung PSC, following approval by Indonesia's Ministry of Energy and Mineral Resources. As a result of the transaction, 500,000 shares in Conrad Asia Energy Ltd have been issued to Coro Energy Plc. The Conrad Shares are valued at approximately US$177,500, based on the AU$0.50 closing share price of Conrad on 24 April 2026. The transaction was previously announced on 10 April 2025, 14 May 2025, 1 September 2025, and 1 October 2025. This information is considered inside information under the UK version of the EU Market Abuse Regulation 596/2014.