ReFuels starts construction of Bio-CNG refuelling station along one of the UK s most important freight routes in line with growth strategy

30 October 2025 -- ReFuels N.V., one of Europe's leading suppliers of
renewable biomethane (Bio-CNG) for decarbonisation of heavy goods vehicles
(HGVs), has commenced construction of a public access refuelling station at
Magor, South Wales.

The new station, owned and operated by CNG Fuels, is strategically located
near the M4 motorway, providing direct access to key routes for efficient
east--west freight between London, South Wales and the Midlands. The site is
close to two international airports, the Port of Newport and home to
distribution bases for major operators, including Tesco and AB InBev.

Today, 2,100 HGVs refuel daily at CNG Fuels' 16 stations. With a fast-growing
order book and rapid uptake of the new, larger 6x2 vehicles, Bio-CNG is now
being mass-adopted. Renewable biomethane, sourced from food waste and manure,
delivers emissions reductions of 90% compared to diesel and ~25% lower fuel
cost than diesel and ~40% vs. HVO.

"CNG Fuels will provide biomethane to trucks travelling the M4 corridor, one
of the UK's most important freight routes, at Magor and from a planned site in
Swindon. The new stations are part of the plan to expand our clean fuel
infrastructure network, doubling the UK-wide dispensing capacity by the end of
2028 to meet increasing demand. This is driven by more fleets switching to
100% renewable and sustainable biomethane to reduce carbon emissions,
accelerated by the rapid adoption of the new and larger 6x2 gas-powered trucks
opening a much larger market segment," said Philip Fjeld, CEO and co-founder
of ReFuels.

The Magor station will have the capacity to refuel 12 trucks simultaneously
when at full utilisation. This enables refuelling of more than 800 trucks per
day and the dispensing of more than 30 million kilograms (kg) of Bio-CNG
annually.

The current CNG Fuels network in the UK can refuel more than 11,500 HGVs
daily. This equals an annual dispensing capacity of more than 340 million kg
of biomethane and potential savings of more than 1 million tonnes of CO2
emissions per year compared to diesel. The plan is to double the refuelling
capacity to 20,000 HGVs per day and more than 780 million kg of biomethane
annually by the end of 2028.

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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 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