E&P GLOBAL(01142): The placement agreement for the general authorization for the placement of new shares has expired.

E&P GLOBAL (01142) announces that the subscription agreement has lapsed due to the preconditions set out in the agreement not being fully met or waived by the publication date (i.e. the deadline) or earlier. Therefore, the subscription agreement has become invalid and the subscription will not proceed. The parties to the subscription agreement will have their rights, obligations, and liabilities related to the subscription matters terminated and discharged, and they shall not make any claims against each other with respect to the subscription matters, except for any prior breaches. The Board of Directors believes that the failure of the subscription agreement will not have a significant adverse impact on the business, operation, and financial condition of the Group. The company will continue to seek fundraising opportunities and will make any necessary announcements at the appropriate time.