Circle Energy Sweden (CIRCLE) Investor Update summary

Leadership and company background

• New CEO appointed following a failed reverse merger and voluntary bankruptcy due to significant debts.

• Immediate debts cleared and new investment secured through shareholder support.

• CEO and key investor joined the board to drive recovery and future growth.

• CEO brings experience in corporate finance, asset recovery and company turnarounds.

Operational status and recovery plan

• Main asset is a Greek biodiesel business with one large generator and three additional generators.

• Focus is on recommissioning the large generator at Amfilochia to restore revenue positivity; engineering review found missing and damaged parts, and repairs are underway.

• Manufacturer will inspect the generator before it is brought online to ensure operational safety.

• Once operational, cash flow positivity is expected, followed by recommissioning additional generators and pursuing new site licenses.

Webinar details

• Webinar scheduled for 17:00 CET on 17 Mar 2025 for shareholders and other stakeholders; CEO Martin Boulton will present and lead an open English-language Q&A.

• Recording will be published on the website for those unable to attend live.