• The share placement (“Placement”) comprises 35 million new ordinary shares in the capital of the Company (“Placement Shares”) at an issue price of S$0.525 for each Placement Share (“Placement Price”), raising gross proceeds of approximately S$18.4 million.

• Majority of the Placement Shares were subscribed by prominent institutional funds and top-tier investors, including Asdew Acquisitions Pte Ltd (“Asdew Acquisition”), Ascend Open Master Fund VCC-ICH S F and Icham Master Fund VCC – Ploutus Fund III (collectively, “ICH AM Funds”) and Mr Han Seng Juan.
   
• Geo Energy’s market capitalisation exceeds S$1 billion at the closing share price of S$0.615 on 15 April 2026.
   
• The above investors are considered among the most distinguished within the local investment community in Singapore. Their investments demonstrate strong conviction towards Geo Energy’s strategy, execution and long-term growth trajectory.
   
• KGI Securities (Singapore) Pte. Ltd. was the Placement Agent in relation to the Placement.

https://links.sgx.com/FileOpen/Media%20Release_Completion%20of%20Placement.ashx?App=Announcement&FileID=884143