ReFuels Opens the First Bio-CNG Refuelling Station in Southeast England

23 May 2024 07:00 CEST

23 May 2024 - ReFuels N.V., one of Europe's leading suppliers of renewable
biomethane (Bio-CNG) for the decarbonisation of heavy goods vehicles, has
opened a new refuelling station at Aylesford in Kent under the CNG Fuels
brand. As the first public access Bio-CNG station in Southeast England, it
will support low-emission transport in a region with a population of more than
9 million.

Serving major UK haulage routes, including the M20 and M2, the Aylesford
station is located on land acquired from the John Lewis Partnership adjacent
to Waitrose's southeast distribution centre. It will enable the retail giant
to continue to expand its fleet of biomethane-powered heavy goods vehicles
(HGVs), already the largest in the UK.

"ReFuels is committed to making a low-carbon fuel available for fleet
operators looking to decarbonise their long-haul operations. Southeast England
is densely populated and hosts numerous industrial and commercial centres. Its
proximity to mainland Europe via the English Channel makes it a gateway for
trade between the UK and the EU, strategically located for both domestic and
international trade", said Philip Fjeld, CEO of ReFuels.

The new Aylesford station has 12 fuel pump islands, allowing more than 700
trucks to be refuelled per day with a total capacity of more than 19 million
kilograms (kg) of Bio-CNG annually. It is owned by a joint venture (JV) with
Foresight Group.

The current CNG Fuels network in the UK can refuel more than 9,500 HGVs daily.
This equals an annual dispensing capacity of more than 290 million kg of
biomethane annually and a potential saving of more than 800,000 tonnes of CO2
emissions annually when compared to diesel.

ReFuels has one more station under construction in Doncaster in South
Yorkshire which is one of the UK's largest logistics hubs.

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: Philip.Fjeld@refuels.com

About ReFuels
ReFuels is decarbonizing Europe's truck fleet by developing, owning, and
operating green station infrastructure. We are rolling out a network of
reliable and convenient stations offering renewable biomethane fuels to heavy
goods vehicles, with hydrogen and electricity to be added. By end-2026 the
target is to have 30-40 stations across the UK, 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
(http://www.refuels.com./).

This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR Article 19 no. 3. The information was submitted for publication
at 2024-05-23 07:00 CEST.

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