Biomethane Station Data March 2025

03 Apr 2025 06:30 CEST

3 April 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 March 2025.

* A record 5,207 tonnes of Bio-CNG were dispensed from CNG Fuels' 15 public
access refuelling stations in operation during March 2025, an increase of
18% from 4,425 tonnes in March 2024 (13 stations)
* Average daily dispensed volume of 168.0 tonnes in March, up 18% compared to
142.8 tonnes dispensed per day in the year-earlier period
* For the three months ending 31 March 2025, the total dispensed volume was
14,788 tonnes, an increase of 15% compared to the same period in 2024
* In March, a daily average of 2,013 vehicles refuelled at ReFuels' Bio-CNG
stations, up 18% from 1,684 vehicles in the same period last year
* Prices for Renewable Transport Fuel Certificates (RTFCs) averaged 26.1 pence
in March 2025, up 70% compared to March 2024

"Last month, we dispensed record volumes of Bio-CNG and had the first month
with over 2,000 trucks refuelling at CNG Fuels' UK stations. This represents
close to 10% of the UK 4x2 truck fleet and confirms the ongoing mass adoption
of Bio-CNG as the clean fuel of choice for fleet operators. Our unique station
network puts ReFuels in a pole position to capture the upside as the
significantly larger 6x2 HGV fleet starts to transition to biomethane
supported by multiple trials with very positive feedback. Certificate prices
are also steadily increasing, and we are now fully sourced for the biomethane
we expect to dispense in 2025. Our team's focus is now on sourcing biomethane
for calendar year 2026.," said Philip Fjeld, the CEO of ReFuels.

ReFuels had 168 unique customer fleets refuelling across the network in the
three months ending 31 March 2025, compared to 153 for the comparable period
in 2024.

In addition to Bio-CNG dispensing, ReFuels generates revenue from sales of
Renewable Fuel Transport Certificates (RTFCs). ReFuels is awarded 3.8 RTFCs
per kilo dispensed Bio-CNG, which are sold to fuel suppliers with a blending
obligation. In March, the average price per RTFC was 26.1 pence, compared with
15.4 pence in March 2024.

CNG Fuels supplies biomethane through a growing network of refuelling
stations, currently operating 15 public access Bio-CNG stations on major
trucking routes in the UK. One station is under construction in Livingston in
Scotland, which will enable low-emission transport between Glasgow and
Edinburgh.

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: Philip.Fjeld@refuels.com

About ReFuels
ReFuels is decarbonising 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. Market leader in
the UK with long-term ambition to expand in other European markets and active
across the biomethane supply chain, including unlocking material value from
Renewable Transport Fuel Certificates (RTFCs). 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
2025-04-03 06:30 CEST.

More information:
Access the news on Oslo Bors NewsWeb site

642871_Operational Update March 2025.pdf
642871_Biomethane Station Data March 2025.pdf