Biomethane Station Data April 2025

07 May 2025 07:00 CEST

7 May 2025 - ReFuels N.V., a leading European supplier of renewable biomethane
(Bio-CNG) for decarbonising heavy goods vehicles (HGVs), today published
Bio-CNG station data for April 2025.

* A record 5,254 tonnes of Bio-CNG were dispensed from CNG Fuels' 15 public
access refuelling stations in operation, an increase of 18% from 4,494
tonnes in April 2024 (13 stations)
* Average daily dispensed volume of 175 tonnes, up 17% compared to 150 tonnes
dispensed per day in the year-earlier period
* For the three months ending 30 April 2025, the total dispensed volume was
15,121 tonnes, an increase of 16% compared to the same period in 2024
* A daily average of 2,030 vehicles refuelled at ReFuels' Bio-CNG stations, up
19% from 1,705 vehicles in the same period last year
* Prices for Renewable Transport Fuel Certificates (RTFCs) averaged 26.6
pence, up 51% compared to April 2024

"April marked another record month for Bio-CNG in the UK in terms of total
volume and daily dispensing. Currently, more than 2,000 biomethane-powered
heavy goods vehicles are on the road, with additional deliveries in the coming
weeks and months. We expect growth to continue, supported by record vehicle
demonstration activity across the 4x2 and 6x2 truck sizes, a strong leading
indicator of future fleet orders and growth in demand for clean transport
fuel," said Philip Fjeld, the CEO of ReFuels.

CNG Fuels had 172 unique customer fleets refuelling across the network in the
three months ending 30 April 2025, compared to 168 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 April, the average price per RTFC was 26.6 pence, compared with
17.6 pence in April 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 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 UK's largest clean fuel station network. By
end-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
2025-05-07 07:00 CEST.

More information:
Access the news on Oslo Bors NewsWeb site

645466_Operational Update April 2025.pdf
645466_Biomethane Station Data April 2025.pdf