Update on Newfoundland and Labrador

Active Energy Group Plc / EPIC: AEG / Sector: Alternative Energy

12^th September 2018

Active Energy Group Plc ('Active Energy' or the 'Company')

Update on the Application for Newfoundland and Labrador

Active Energy, the London quoted international biomass based renewable energy and forestry management business, announces confirms, further to the announcement after the AGM on 23^rd July 2018, the application process for the Crown Timber Licence and Forestry Management Agreement has continued with the Government of the Province of Newfoundland and Labrador ( the "Government'). The Government has confirmed to the Company that the application and award process remains under the final stages of active review by all relevant Government Departments. Further announcements will be made as soon as practicable.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

**ENDS**

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About Active Energy Group:

Active Energy Group Plc (AIM: AEG.L) is a London Stock Exchange-listed international renewable energy business based upon forestry assets.  Its model is focussed on capturing the entire forestry value chain through sourcing, utilising and commercialising assets, and setting a new standard in the sustainable management and optimisation of timber resources.The Company is led by a highly technical and commercial team with the experience to execute its defined growth strategy and build its visibility, primarily as a London-listed timber opportunity with a revolutionary biomass fuel technology.