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NEWS Market leaders in Closed Loop Geothermal sign exclusive Heads of Terms to drive large-scale industrial, urban and residential geothermal heat networks in the midst of the UK’s growing energy crisis. 12 January 2023 Two market leaders aim to pioneer large-scale commercial geothermal heating networks to meet the challenge and resilience of UK energy by building scalable cost-effective heat networks, as CeraPhi Energy and GreenGlove Boreholes announce the signing of an exclusive heads of terms agreement to deliver geothermal solutions for industrial, urban and residential heating networks. GreenGlove Boreholes are market leaders in geothermal drilling and are fast building a multi-disciplined nationwide drilling expertise focusing on deep geothermal boreholes. The company has recently invested in excess of £3m in next generation drilling technology. CeraPhi is a leading developer of scaleable geothermal energy solutions using its proprietary CeraPhiWell and CeraPhiPro modelling systems delivering end to end solutions for closed loop geothermal energy. The exclusive agreement for the UK and Ireland focuses on CeraPhi Energy securing access to GreenGlove Borehole’s deep drilling capability for wells up to 1500 meters in depth. It will use state of the art next generation equipment for the installation of CeraPhi’s patented technology CeraPhiWell, comprising a closed loop downhole heat exchanger that draws subsurface heat and can be used for different applications for scalable baseload energy including: Low Temperature Heat Networks Low Temperature Climatised Agriculture Medium Temperature Heat Networks Medium Temperature Heating Systems and Industrial Processes Desalination and Water Treatment Power Generation Green Hydrogen through Electrolysis CeraPhiWell is at the heart of CeraPhi’s energy strategy to de-risk the commercialisation of geothermal energy at scale by both drilling new wells and repurposing end-of-life and non-producing oil and gas wells, proving the huge commercial potential for geothermal energy production in the UK and globally. CeraPhi Energy™ CEO Karl Farrow said: “The decarbonisation of heat represents a huge challenge to the UK’s net zero goals and the current cost increase of energy specifically heat is a direct result of high prices of fossil fuels such as Gas and Oil and we have to move away from our dependency of these fuels within our day to day energy mix. By using the abundance of energy for the heat beneath our feet using our closed loop CeraPhiWell system we can access the inexhaustible energy anywhere with zero environmental risk, requiring no hydraulic fracturing, no use of water and providing enough energy within the next 10 years to solve our energy crisis for good providing clean affordable baseload energy for everyone. “ “This alliance stands to bring about a significant step change and shift in the commercial scalability and effectiveness in the use of heat networks within the decarbonisation process. It will also bring wider acceptance of using heat as a direct source of energy, whether for space heating or cooling. “ GreenGlove Boreholes Technical Director, Paul Fowler said: “GreenGlove Boreholes Ltd are pioneers in the geothermal drilling industry, we pride ourselves in pushing the boundaries to innovate new concepts to drive geothermal energy and enable it to be accessible to the masses on a global scale, at an affordable rate. With our countries mission to become net zero by 2050 in our sights, our team is working tirelessly to present further offerings to our suite of services. Having secured the strategic exclusivity (heads of terms) with the likes of another industry leader in CeraPhi Energy, will enable us as a partnership, to offer a complete package solution to the end-user market. CeraPhi’s experience and knowledge in the O&G sector is second to none and we are extremely excited to see how far we can take the geothermal offering with them over the coming years.” Previous PostUk’s First Geothermal Business Awarded as Finalists In Net Zero Technology Centre’s Open Innovation ProgammeNext PostCeraPhi Energy Achieves Living Wage Accreditation About CeraPhi®  CeraPhi is a vertically integrated Geothermal Development Company with proprietary technology and a mission to unlock the thermal heat underground to deliver sustainable, continuous, and totally green 24/7 baseload energy through a “plug and Play” sustainable technology platform.  To find out more and to explore investment opportunities with CeraPhi visit www.ceraphi.com For media inquiries and further information, please contact Holly Harvey-Perdicou holly.harvey-perdicou@ceraphi.com

NEWS Uk’s First Geothermal Business Awarded as Finalists In Net Zero Technology Centre’s Open Innovation Progamme 23 October 2022 The UK’s first end to end Geothermal business – CeraPhi Energy located in Great Yarmouth – has this week announced that it has been awarded funding as part of the Net Zero Technology Centre’s 2022 Open Innovation Programme.  The programme – which is aimed at developing technology that will reduce emissions offshore, accelerate clean energy production and enable delivery of the UK’s net zero ambitions – was launched in March with successful finalists announced this week.  The award – and subsequent funding – will enable CeraPhi Energy to focus on a programme of work demonstrating how oil and gas liabilities can be repurposed into geothermal assets for net zero targets with the project expected to start by the end of the year.  The funding will also enable the Geothermal Energy business to validate its technology in repurposing oil and gas wells, establish proof of technology and move towards becoming commercially operational.    Speaking about the award, Founder and CEO of CeraPhi Energy, Karl Farrow said: “This is our second award from the Net Zero Technology Centre (NZTC).  It’s a great achievement and reward for a lot of hard work from our team but more over it demonstrates the real impact geothermal energy is having within our energy transition connecting conventional Oil and Gas expertise to clean baseload energy resilience.  “I have said for many years that geothermal has the potential to solve energy resilience and prove a solution that can be available to everyone everywhere. This project with the support of the NZTC will be a flagship project not only for CeraPhi Energy, but potentially ground breaking for the UK providing a step change in energy transition.  CeraPhi Energy is the first company in the UK to offer a complete end to end geothermal energy solution from securing finance to full development and build or equity return using inhouse proprietary innovation and technology to scale geothermal.  Previous PostCeraPhi Energy Achieves More than 5,000 LinkedIn FollowersNext PostMarket leaders in Closed Loop Geothermal sign exclusive Heads of Terms to drive large-scale industrial, urban and residential geothermal heat networks in the midst of the UK’s growing energy crisis. About CeraPhi®  CeraPhi is a vertically integrated Geothermal Development Company with proprietary technology and a mission to unlock the thermal heat underground to deliver sustainable, continuous, and totally green 24/7 baseload energy through a “plug and Play” sustainable technology platform.  To find out more and to explore investment opportunities with CeraPhi visit www.ceraphi.com For media inquiries and further information, please contact Holly Harvey-Perdicou holly.harvey-perdicou@ceraphi.com

NEWS CeraPhi Energy Achieves More than 5,000 LinkedIn Followers 22 September 2022 In August CeraPhi Energy achieved a significant social media milestone hitting over 5,000 followers on the LinkedIn platform. Using social media to communicate the benefits and importance of Geothermal Energy in the clean energy mix has always been an important strategic focus for CeraPhi Energy and we are delighted that our continued focus on communicating through this medium has achieved so many followers. Over the last few months we have released a number of news pieces which have communicated the significant progress and growth within the CeraPhi Energy business and we are excited by the very clear level of interest and engagement we are generating across the social media space.Very recently we announced the launch of our crowdfunding on the US platform JUSTLY as we seek to achieve a $15m capital raise and are delighted by the response we have received so far. To find out more about this visit the JUSTLY site and to find out more about the CeraPhi Energy Technology follow us on LinkedIn, visit our website or view ourvideo. Previous PostCeraPhi Energy Contributes to Halston Groups White Paper ‘Entering the Greentech EraNext PostUk’s First Geothermal Business Awarded as Finalists In Net Zero Technology Centre’s Open Innovation Progamme About CeraPhi®  CeraPhi is a vertically integrated Geothermal Development Company with proprietary technology and a mission to unlock the thermal heat underground to deliver sustainable, continuous, and totally green 24/7 baseload energy through a “plug and Play” sustainable technology platform.  To find out more and to explore investment opportunities with CeraPhi visit www.ceraphi.com For media inquiries and further information, please contact Holly Harvey-Perdicou holly.harvey-perdicou@ceraphi.com

NEWS CeraPhi Energy Contributes to Halston Groups White Paper ‘Entering the Greentech Era 22 September 2022 We are delighted to announce that CeraPhi has contributed and provided evidence to the Halston Group’s recent white paper, ‘Entering the Greentech Era’. Providing evidence demonstrating how the adoption of Geothermal Energy, at scale, could support the 2050 climate change goals, we have contributed to the ‘Predictions for The Future’ section of this industry leading report. Our contribution sits with a number of other senior commentators from the Greentech space including senior figures from Solar Water PLC, Powerstar, Hydrock, Tribosonics  and Tallama, all of whom affirm how a blend of these technologies could contribute to achieving the 2050 climate change goals. It is very important that as a business and leading authority on Geothermal Energy CeraPhi Energy contributes and participates in papers like these and collaboratively works with others across the Greentech space to make sure we all work towards achieving the 2050 climate change goals. To download the Halston Group White paper click  here. Previous PostThis Summer We Introduce the Seventh Edition of our Newsletter – EnerGeoNext PostCeraPhi Energy Achieves More than 5,000 LinkedIn Followers About CeraPhi®  CeraPhi is a vertically integrated Geothermal Development Company with proprietary technology and a mission to unlock the thermal heat underground to deliver sustainable, continuous, and totally green 24/7 baseload energy through a “plug and Play” sustainable technology platform.  To find out more and to explore investment opportunities with CeraPhi visit www.ceraphi.com For media inquiries and further information, please contact Holly Harvey-Perdicou holly.harvey-perdicou@ceraphi.com

NEWS This Summer We Introduce the Seventh Edition of our Newsletter – EnerGeo   This summer we announce the seventh edition of our newsletter – EnerGeo – featuring all the latest updates from the CeraPhi Energy business. Included in this is our rapid growth as we take on six new team members both in our Great Yarmouth and Houston offices, our input into Government Policy with our evidence submission to the Environment Audit Committee’s inquiry on Geothermal Energy and our continued commitment to ESG (Environment, Social and Governance) with our signing of The Climate Pledge and our successful tree planting initiative. Also included in the newsletter is the exponential growth of our brand presence as we see our LinkedIn followers grow at pace. To read the newsletter and find out more about the great work we’re doing in the Geothermal Energy space click here. Previous PostCeraPhi Energy enter into an exclusive services agreement with Halliburton to advance its global Geothermal Energy AspirationsNext PostCeraPhi Energy Contributes to Halston Groups White Paper ‘Entering the Greentech Era About CeraPhi®  CeraPhi is a vertically integrated Geothermal Development Company with proprietary technology and a mission to unlock the thermal heat underground to deliver sustainable, continuous, and totally green 24/7 baseload energy through a “plug and Play” sustainable technology platform.  To find out more and to explore investment opportunities with CeraPhi visit www.ceraphi.com For media inquiries and further information, please contact Holly Harvey-Perdicou holly.harvey-perdicou@ceraphi.com

NEWS CeraPhi Energy enter into an exclusive services agreement with Halliburton to advance its global Geothermal Energy Aspirations 30 August 2022 CeraPhi Energy has entered an exclusive drilling and intervention services agreement with Halliburton in exchange for in-kind engineering and project management support to CeraPhi. CeraPhi Energy has turned to Halliburton for its global expertise in well engineering and its seven decades of geothermal experience as part of CeraPhi’s plan to develop a global geothermal energy development company. The initial focus of the agreement will be to support CeraPhi’s existing opportunities of repurposing end-of-life oil and gas wells in the UK and USA. The companies expect the first project within the UK to commence before the end of the year. The CeraPhi team is focused on its front-end resource modelling. Halliburton will support the well engineering and development potential for CeraPhi’s patented technology CeraPhiWell™, a closed loop downhole heat exchanger that draws up subsurface heat for different applications for scalable baseload energy including: Low Temperature Climatised Agriculture Medium Temperature Heat Networks Medium Temperature Heating Systems and Industrial Processes Desalination and Water Treatment Power Generation Green Hydrogen through Electrolysis  CeraPhiWell™ is at the heart of CeraPhi’s strategy to de-risk geothermal energy scale-up using end-of-life and non-producing oil and gas wells and prove the “huge commercial potential” for geothermal energy production. CeraPhi supports efforts to enable access to over 500GW of additional geothermal energy by 2050 in line with Paris 2050 Climate Accord for carbon reduction.  CeraPhi CEO Karl Farrow said: “This is a very exciting stage of CeraPhi’s commercialisation and totally in line with our strategic plan to align ourselves with serious execution and delivery partners who believe in the tremendous opportunity for geothermal and have the ability to scale globally,” said Karl Farrow CEO CeraPhi. “Scaling this opportunity is key to reducing cost and making geothermal energy the baseload energy of choice everywhere for everyone. The oil and gas service sector is key to this transition and Halliburton has been in business for more than 100 years. They have been at the forefront of innovation and technology for well delivery, which is perfect for this collaboration. This collaboration is a natural fit and could be game-changing for geothermal’ s role in the energy transition and have a revolutionary impact on onshore oil and gas sector’s late life and ‘orphaned’ wells.”   “We are pleased to build on our decades of global geothermal business to collaborate with CeraPhi to deliver and maximise the value of their geothermal wells,” said Steve Nowe, Senior Area Manager Halliburton Europe. “This agreement will allow us to deliver fully integrated solutions to reduce planning time, lower costs and optimise the value chain performance.”  Geothermal is a form of renewable energy taken from heat derived from the earth’s subsurface and CeraPhi Energy’s Closed Loop Solution makes Geothermal available everywhere and anywhere. Geothermal is one of the cleanest forms of energy and can be applied as a direct power source as well as for heating and cooling utilities. Previous PostUK’s Advanced Geothermal Business Announces Funding RoundNext PostThis Summer We Introduce the Seventh Edition of our Newsletter – EnerGeo About CeraPhi®  CeraPhi is a vertically integrated Geothermal Development Company with proprietary technology and a mission to unlock the thermal heat underground to deliver sustainable, continuous, and totally green 24/7 baseload energy through a “plug and Play” sustainable technology platform.  To find out more and to explore investment opportunities with CeraPhi visit www.ceraphi.com For media inquiries and further information, please contact Holly Harvey-Perdicou holly.harvey-perdicou@ceraphi.com

NEWS UK’s Advanced Geothermal Business Announces Funding Round 16 August 2022 The UK’s first end to end Advanced Closed Loop Geothermal business – CeraPhi Energy located in Great Yarmouth – has this month announced it has launched a funding round as the business prepares for exponential growth. The funding round for the Geothermal Energy business has seen the company launch on JUSTLY as it looks to raise capital of $15million through its US platform with plans to expand its operations overseas. Speaking about it, Founder and CEO, Karl Farrow said: ‘JUSTLY is one of the world’s largest equity marketplaces for clean tech businesses looking to raise funds for ground breaking innovation and technology. ‘An equity raise, using this platform, builds on the foundations we’ve already established, enables us to support the rapid growth we’re experiencing and means we can meet the huge demand for this clean energy solution. Geothermal – as a viable energy solution – is attracting significant interest across the globe. This equity raise will enable us to, not only, scale to meet this worldwide demand, but also to demonstrate that Geothermal is a real and serious player in the baseload clean energy mix.’ Formed in June 2020, CeraPhi Energy is the first company in the UK to offer a complete end to end geothermal energy solution around its closed loop technology, from securing finance to full development and build or equity return and – in May – announced it had been awarded a  ‘first of its kind’ funded study by the UK Net Zero Technology Centre that will evaluate whether oil and gas wells in the North Sea can be repurposed for geothermal energy. The business has enlisted Petrofac as its industry partner in the study which will focus on decarbonisation of the EnQuest Magnus Platform in the UK North Sea. Speaking about the funding round CEO of JUSTLY Paul Karrlsson – Willis, ‘JUSTLY is all about making an IMPACT now and CeraPhi is doing just that. We are excited to have CeraPhi on our funding platform as they bring CleanTech to life in two incredible ways — firstly, it taps into a geothermal energy source which is always active and, secondly, it can retrofit existing failed or depleted wells, making them productive again in an environmentally friendly way.  This also has a social IMPACT by maintaining jobs or bringing them back to geographical areas that need them. JUSTLY is humbled and excited to be supporting CeraPhi with their current $15m capital raise.’ Investors interested in the CeraPhi Energy business are invited to visit the JUSTLY site for more information https://investjustly.com/all-investments/ Geothermal is a form of renewable energy taken from heat derived from the earth’s subsurface and which is contained within rocks and fluids.  It is one of the cleanest forms of energy and can be used both as a direct power source as well as for heating and cooling utilities. Previous PostCeraPhi Announces Funding Round and Investor OpportunityNext PostCeraPhi Energy enter into an exclusive services agreement with Halliburton to advance its global Geothermal Energy Aspirations About CeraPhi®  CeraPhi is a vertically integrated Geothermal Development Company with proprietary technology and a mission to unlock the thermal heat underground to deliver sustainable, continuous, and totally green 24/7 baseload energy through a “plug and Play” sustainable technology platform.  To find out more and to explore investment opportunities with CeraPhi visit www.ceraphi.com For media inquiries and further information, please contact Holly Harvey-Perdicou holly.harvey-perdicou@ceraphi.com

NEWS CeraPhi Announces Funding Round and Investor Opportunity 16 August 2022 This month we announce the launch of our funding round as we continue to prepare for exponential growth. The funding round for the Geothermal Energy business has seen us launch on JUSTLY as we look to raise capital of £15million. JUSTLY is one of the world’s largest equity marketplaces for private companies looking to raise funds for groundbreaking innovation and an equity raise – using this platform – enables us to build on the foundations we’ve already established, support the rapid growth we’re experiencing and meet the huge demand for this clean energy solution. Geothermal – as a viable energy solution – is attracting significant interest across the globe. This equity raise will enable us to, not only, meet this worldwide demand, but also to demonstrate that Geothermal is a real and serious part of the clean energy mix. We are urging investors interested in purchasing a share of the business to visit the JUSTLY website or our Invest page. Previous PostCeraPhi Energy Contributes to Industry Leading Whitepaper on Climate ChangeNext PostUK’s Advanced Geothermal Business Announces Funding Round About CeraPhi®  CeraPhi is a vertically integrated Geothermal Development Company with proprietary technology and a mission to unlock the thermal heat underground to deliver sustainable, continuous, and totally green 24/7 baseload energy through a “plug and Play” sustainable technology platform.  To find out more and to explore investment opportunities with CeraPhi visit www.ceraphi.com For media inquiries and further information, please contact Holly Harvey-Perdicou holly.harvey-perdicou@ceraphi.com

NEWS CeraPhi Energy Contributes to Industry Leading Whitepaper on Climate Change 9 August 2022 The UK’s first end to end Geothermal business – CeraPhi Energy – located in Great Yarmouth – has announced its contribution and evidence submission to the Halston Group’s recent white paper, ‘Entering The Greentech Era’. Providing evidence demonstrating how the adoption of Geothermal Energy – at scale – could support 2050 climate change goals, MD of the CeraPhi Energy business, Karl Farrow, contributed to the ‘Predictions for The Future’ section of the industry report. Looking at the Greentech sector, the unprecedented expansion of this and how a blend of these technologies could contribute to achieving the 2050 climate change goals, a number of guest contributors – including senior figures from Solar Water PLC, Powerstar, Hydrock, Tribosonics and Tallama – have participated in the report, all of which will shape and influence the future direction on the use of Greentech. Speaking about CeraPhi Energy’s contribution to the industry report, Karl said: “It’s very important for us as a business and leading authority on Geothermal Energy, that we contribute and participate in papers like this and collaboratively work with others across the Greentech space to make sure we work towards achieving the 2050 climate change goals. ‘Without working in partnership to integrate all Greentech solutions as an answer to the climate change challenge, it is most unlikely the targets of 2050 will be achieved. ‘Geothermal energy is a real and viable solution to meeting this challenge, reducing energy costs and significantly decreasing carbon footprint.  These reports are important in getting that message across and demonstrating the blend of energy solutions needed to make change a reality.’ Formed last year, CeraPhi is the first company in the UK to offer a complete end to end geothermal energy solution from securing finance to full development and build or equity return and – in May – announced it had been appointed to support Petrofac on a ‘first of its kind’ study that will test whether oil and gas wells in the North Sea can be repurposed for geothermal energy. Geothermal is a form of renewable energy taken from heat derived from the earth’s subsurface and which is contained within rocks and fluids.  It is one of the cleanest forms of energy and can be used both as a direct power source as well as for heating and cooling utilities. Follow the link, CeraPhi Energy – Green Tech Era – Whitepaper Video – YouTube, for more information. Previous PostCeraPhi Announces a Raft of New Appointments as Demand for Geothermal Energy Solutions IncreaseNext PostCeraPhi Announces Funding Round and Investor Opportunity About CeraPhi®  CeraPhi is a vertically integrated Geothermal Development Company with proprietary technology and a mission to unlock the thermal heat underground to deliver sustainable, continuous, and totally green 24/7 baseload energy through a “plug and Play” sustainable technology platform.  To find out more and to explore investment opportunities with CeraPhi visit www.ceraphi.com For media inquiries and further information, please contact Holly Harvey-Perdicou holly.harvey-perdicou@ceraphi.com