Biomethane Station Data September 2025

Issuer

Refuels N.V.

8 October 2025 - ReFuels N.V., a leading European supplier of renewable
biomethane (Bio-CNG) for the decarbonisation of heavy goods vehicles (HGVs),
today published Bio-CNG station data for September 2025.

* 5,223 tonnes of Bio-CNG were dispensed from CNG Fuels' 16 public access
refuelling stations in operation, an increase of 15% from 4,543 tonnes in
September 2024 (14 stations)
* Average daily dispensed volume of 174 tonnes, up from 151 tonnes dispensed
per day in the year-earlier period
* A daily average of 2,099 vehicles refuelled across the station network, up
18% from 1,774 vehicles in the same period last year
* Prices for Renewable Transport Fuel Certificates (RTFCs) averaged 24.8
pence, up 21% compared to September 2024

"We report steady double-digit growth in dispensed biomethane volumes driven
by our expanding refuelling station network and continued adoption of Bio-CNG
as the decarbonisation solution of choice by UK fleet operators. In September,
Tesco and Co-op, two of the nation's largest food retailers, announced the
delivery of 42 and 30 new Bio-CNG trucks, respectively, thereby lowering fuel
costs and unlocking a total of 8,000 tonnes of potential annual CO2 savings.
Currently, seven of the UK's top ten supermarkets are fuelling at our network.
This validates Bio-CNG as the go-to solution for cutting HGV emissions today
and supports our strategy of doubling the refuelling capacity by end-2028,"
said Philip Fjeld, CEO of ReFuels.

CNG Fuels had 168 unique customer fleets refuelling across the network in the
three months ending 30 September 2025, compared to 163 for the comparable
period in 2024.

In addition to Bio-CNG dispensing, CNG Fuels generates revenue from sales of
Renewable Fuel Transport Certificates (RTFCs). CNG Fuels is awarded 3.8 RTFCs
per kilo dispensed Bio-CNG, which are sold to fuel suppliers with a blending
obligation. In September, the average price per RTFC was 24.8 pence, compared
with 20.5 pence in September 2024.

CNG Fuels supplies biomethane through a growing network of refuelling
stations, currently operating 16 public access Bio-CNG stations on major
trucking routes in the UK. Two stations are moving into development, one near
the M4 in South Wales, offering direct access to key freight routes for
efficient east-west transport, and one in Swindon supporting efficient
transport between London, South Wales and the Midlands.

ReFuels provides monthly operational updates, which are normally released
within ten working days after the end of the month.

To receive ReFuels' stock exchange and press releases via email, subscribe at
refuels.com/investors.

For further information, please contact:
Philip Fjeld, CEO ReFuels N.V.
Tel: +44 7976 159 833
E-mail: [email protected]

About ReFuels
ReFuels is decarbonising Europe's truck fleet through its 40% ownership of CNG
Fuels -- a fully integrated clean fuel infrastructure platform combining
sourcing of renewable biomethane (Bio-CNG), Renewable Transport Fuel
Certificates (RTFCs) and ownership and operation of the UK's largest clean
fuel station network. By the end of 2028, the target is to have a capacity to
serve 20,000 heavy goods vehicles per day, while the long-term ambition is to
become Europe's leading integrated supplier of alternative fuels for
commercial fleets. For further information, please visit www.refuels.com

This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR Article 17. The information was submitted for publication at
2025-10-08 07:00 CEST.

More information:
Access the news on Oslo Bors NewsWeb site

656801_Operational Update September 2025.pdf
656801_Biomethane Station Data September 2025.pdf