RNS Number : 6436L

Advance Energy PLC

01 May 2020

1 May 2020

Advance Energy plc

(‘Advance’ or the ‘Company’)

Announcement of Master Service Agreement and Strategic Partner

Advance Energy plc (AIM:ADV) is pleased to announce that the Company has signed a Master Service Agreement

with Xodus Group Limited for technical and advisory services.

Xodus Group provides engineering and advisory services to clients in the oil and gas, LNG, renewables and utilities industries worldwide (www.xodusgroup.com).

The Company’s business model is to work closely with strategic partners in order to add expertise and deep bench strength complementary to the core Advance Energy management team.

In this way we can deliver superior performance while keeping fixed costs and overheads as low as possible – especially important in a low oil price environment.

In the first instance we intend to work with Xodus Group for evaluation and due diligence work related to ongoing projects.

Twitter Feed

The Company is also pleased to communicate the launch of a new Twitter feed to keep investors up to date on the latest news. The Twitter name is @advanceplc.

For further information, please contact:

Leslie Peterkin	Advance Energy plc c/o FIM Capital Limited	Tel: +44 1624 681250
Graham Smith	FIM Capital Limited	Tel: +44 1624 681250
Roland Cornish/ James Biddle	Beaumont Cornish Limited (Nominated Adviser)	Tel: +44 20 7628 3396
Colin Rowbury	Novum Securities Limited (Joint Broker)	Tel: +44 207 399 9427
Christian Dennis	Optiva Securities Limited (Joint Broker)	Tel: +44 20 3411 1881

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END

MSCFIFVTERILIII

Master Service Agreement and Strategic Partner, Advance Energy PLC, 2020-05-01

Xodus Group provides engineering and advisory services to clients in the oil and gas, LNG, renewables and utilities industries worldwide (www.xodusgroup.com).

The Company’s business model is to work closely with strategic partners in order to add expertise and deep bench strength complementary to the core Advance Energy management team.

In this way we can deliver superior performance while keeping fixed costs and overheads as low as possible – especially important in a low oil price environment.

In the first instance we intend to work with Xodus Group for evaluation and due diligence work related to ongoing projects.

Twitter Feed

The Company is also pleased to communicate the launch of a new Twitter feed to keep investors up to date on the latest news. The Twitter name is @advanceplc.

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