REFL: ReFuels expands clean fuel network with new Bio-CNG station as hauliers seek alternatives to imported diesel

26 August 2026 -- ReFuels N.V. (ticker: REFL), one of Europe's leading
suppliers of renewable biomethane (Bio-CNG) for the decarbonisation of heavy
goods vehicles (HGVs), has begun construction of a new refuelling station in
Carlisle, North-West England. Hauliers, delivery operators and retailers
continue to seek lower-cost, domestically produced biofuels as an alternative
to imported diesel.

The new station is set to be operational during the first half of 2027. CNG
Fuels, which is 40% owned by ReFuels, will own and operate the site. Close to
major logistics hubs, including DPD's Carlisle delivery facility, the new
station will serve significant regional and long-haul freight flows and
further strengthen CNG Fuels' existing network in The Midlands, North-West
England and Scotland.

"Fleet operators are telling us the same thing: they want fuel they can budget
for and fuel they know will arrive," said Philip Fjeld, CEO and co-founder of
ReFuels. "Diesel gives them neither at the moment. Every kilogram of Bio-CNG
we dispense is produced from renewable sources in Europe and delivered through
a pipe. It does not depend on a deal being struck in the Strait of Hormuz, and
it does not reprice by 30% because of an attack on a refinery two thousand
miles away."

UK pump diesel prices are up close to 30% in the last year, as continued
disruption in the Gulf highlights the UK's exposure to imported diesel.
Bio-CNG has historically remained substantially less volatile, while
multi-year fixed-price agreements can provide fleet operators with greater
cost certainty.

"Carlisle is a strategically important addition to our network, serving one of
the main road freight corridors between England and Scotland, and it makes a
clean, cost-effective and locally sourced fuel accessible to more fleets
across the northern UK," said Fjeld. "Together with the new stations at Magor
and Swindon, it demonstrates the pace at which we are expanding capacity in
response to customer demand. Each new location allows an operator to cut fuel
costs and emissions at the same time, without changing a single route or
schedule."

The Carlisle station will be capable of refuelling 14 HGVs simultaneously when
fully utilised, enabling more than 800 trucks to refuel daily and providing
annual dispensing capacity of more than 30 million kilograms of 100% renewable
Bio-CNG.

Today, more than 2,250 trucks refuel daily at CNG Fuels' 16 UK stations, with
current network capacity exceeding 11,500 trucks per day. Once operational,
Magor, Swindon and Carlisle are expected to increase CNG Fuels' total capacity
to close to 14,000 HGVs per day and 460 million kilograms of Bio-CNG annually.

The 2028 goal is to have an installed refuelling capacity of close to 20,000
HGVs per day, with the potential to dispense over 780 million kg of biomethane
annually, equivalent to more than 2.3 million tonnes of CO2 savings each year.

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For further information, please contact:

Philip Fjeld, CEO, ReFuels N.V.
Tel: +44 7976 159 833
Email: [email protected]

About ReFuels

ReFuels is decarbonising Europe's truck fleet through its 40% ownership of CNG
Fuels -- a fully integrated clean fuel infrastructure platform combining the
sourcing of renewable biomethane (Bio-CNG), Renewable Transport Fuel
Certificates and the ownership and operation of the UK's largest clean fuel
station network. By the end of 2028, the target is to have the refuelling
capacity to serve close to 20,000 HGVs per day. 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.
 supplier of alternative fuels for\
commercial fleets. For further information\, please visit www.refuels.com.\