Month: October 2026

Approximately 74% of Contracted Value Already in Execution, with Proposals Submitted for Approximately $13.6 Million of New Projects

Engineering Installations May Create Opportunities for Long-Term LPG Supply and Recurring Revenue

Six New Projects Awarded in September; Formal Work Order Received for $939,000 Motor City Development

Dublin, Ireland, Oct. 28, 2026 (GLOBE NEWSWIRE) — Fusion Fuel Green PLC (Nasdaq: HTOO) (“Fusion Fuel” or the “Company”), a diversified energy platform, today announced that its indirect subsidiary, Al Shola Al Modea Gas Distribution L.L.C. (“Al Shola Gas”), an industrial liquefied petroleum gas (“LPG”) engineering and distribution company with operations in the United Arab Emirates (“UAE”), had 87 LPG engineering contracts in its contracted engineering project portfolio as of October 14, 2026, with an aggregate contract value of approximately AED 19.2 million ($5.2 million), excluding VAT.

Approximately 74% of that value relates to projects on which work has already commenced. The portfolio includes six new LPG engineering subcontracts awarded to Al Shola Gas during September 2026, with an anticipated aggregate project value of approximately AED 1.07 million ($290,000). The Company also announced that Al Shola Gas has received the formal work order for the multi-tower residential development in Motor City previously announced on August 20, 2026.

Contracted Engineering Portfolio and Expected Revenue Recognition

As of October 14, 2026, Al Shola Gas’s contracted engineering project portfolio comprised 87 LPG engineering contracts, together with 13 related change orders (i.e., agreed modifications to the original scope of work, such as additions to or changes in the specified works, and the related price adjustments), with an aggregate contract value of approximately AED 19.2 million ($5.2 million), excluding VAT.

Work has commenced on 56 of these contracts, which, together with related change orders, represent approximately AED 14.2 million ($3.9 million), or approximately 74% of the aggregate contract value. The remaining 31 contracts, representing approximately AED 5.0 million ($1.4 million), are expected to commence as site readiness and approvals permit. Of the contracts on which work has commenced, 39 commenced during 2026.

As of September 30, 2026, approximately $1.0 million of the aggregate contracted engineering portfolio had been recognized as revenue over the life of the projects to date, leaving approximately $4.2 million remaining to be recognized. Based on current project schedules, Al Shola Gas expects to recognize approximately $1.0 million of this amount in the fourth quarter of 2026 and approximately $2.2 million in 2027. That is approximately $3.2 million over the next 15 months, with the remaining approximately $1.0 million relating to projects with longer schedules extending beyond 2027. The contracted engineering project portfolio relates solely to Al Shola Gas’s engineering, procurement and installation business and does not include its bulk LPG supply contracts or LPG cylinder supply contracts. Accordingly, the portfolio represents only one component of Al Shola Gas’s overall business and should not be interpreted as its total contracted revenue base.

New Engineering Awards Expand Commercial Footprint

During September 2026, Al Shola Gas entered into six new LPG engineering subcontracts in Dubai South, Dubai Hills, Al Quoz Industrial Area 4 and Warsan 4th in Dubai, with an anticipated aggregate value of approximately AED 1.07 million ($290,000).

The projects encompass more than 215 residential units and an 80-unit commercial cloud kitchen facility, including:

• A five-story residential building with 85 apartments in Dubai South, valued at approximately AED 248,000 ($67,500).
• A seven-story residential building with 94 apartments in Dubai South, valued at approximately AED 240,000 ($65,400).
• An 80-kitchen commercial cloud kitchen development in Al Quoz Industrial Area 4, valued at approximately AED 210,000 ($57,200).
• A ten-story residential tower in Warsan 4th, valued at approximately AED 200,000 ($54,500).
• A five-story residential building with 36 apartments in Dubai South, valued at approximately AED 110,000 ($30,000).
• A two-story private villa with basement in Dubai Hills, valued at approximately AED 57,000 ($15,500).

Under the subcontracts, Al Shola Gas will be responsible for the design, supply, installation, testing and commissioning of complete LPG systems, including bulk storage tanks and vaporizers where applicable, pressure regulation and distribution piping, kitchen-level connections, gas leak detection and emergency shut-off systems, and the procurement of Dubai Civil Defense approvals.

Several projects also include individual gas metering infrastructure, which may create opportunities for Al Shola Gas to establish ongoing LPG supply and utility service relationships following completion, although there can be no assurance that any such relationships will be established. Any such potential recurring revenue streams are separate from the contracted engineering portfolio announced today.

Motor City Development Advances Into Execution

Separately, Al Shola Gas has received the formal work order from the general contractor for the multi-tower residential development in Motor City, the largest of the projects announced by the Company on August 20, 2026. The work order confirms a lump-sum contract value of AED 3.45 million ($939,000), excluding VAT. The value of this project was included in the Company’s August 20, 2026 announcement and is not included in the September 2026 totals above.

The formal work order moves the Motor City project from award into execution, subject to the conditions described below. Under its terms, the work order constitutes a binding agreement between Al Shola Gas and the general contractor for the ordered works, superseding all prior offers and negotiations, and remains binding until a formal subcontract agreement is executed on terms consistent with the general contractor’s contract with the project owner. It fixes the contract price, with no price escalation permitted, and sets out the full scope of work, allowing Al Shola Gas to commence procurement and mobilization.

The scope comprises the design, supply, installation, testing and commissioning of the development’s complete LPG system, including two 2,000 USG underground storage tanks, four 300 kg/hr vaporizers, central pressure regulation, gas detection systems, boiler connections and kitchen-level connections with individual gas meters. As announced on August 20, 2026, the Company estimated that the Motor City and Studio City projects, together with projects relating to other properties, represent combined potential annual utility revenue of approximately AED 2.95 million to AED 3.75 million ($805,000 to $1.02 million).

The work order also establishes the payment schedule, under which Al Shola Gas is entitled to 60% of the contract price upon delivery and approval of materials, 35% upon installation and inspection approval, and the remaining 5% upon testing, commissioning, authority approval and handover, in each case on 90-day payment terms and subject to a 10% retention released in two equal stages, on completion and at the end of the 365-day defects liability period. The work order remains subject to customary conditions, including the provision of a performance guarantee and the approval of Al Shola Gas’s pre-qualification by the engineer, client and relevant authorities.

Repeat Developer Business and Additional Project Opportunities

Al Shola Gas’s contracted engineering portfolio spans high-rise and mid-rise residential towers, mixed-use residential and commercial developments, private villas, and commercial kitchens for restaurants, cafés and cloud kitchen operators across Dubai.

It includes three contracts on developments with a combined value of approximately AED 9.2 million ($2.5 million): two residential developments in Motor City with contract values of approximately AED 3.95 million ($1.08 million) and AED 3.45 million ($939,000), announced by the Company on December 3, 2025 and August 20, 2026, respectively, and the Terra Heights dual-tower residential development in Expo City Dubai, announced by the Company on April 7, 2026, with a contract value of approximately AED 1.8 million ($490,000). The value of the first Motor City contract reflects its current contract value; the Company’s December 3, 2025 announcement described a project value of approximately $1.23 million. Other significant projects include a residential tower in Business Bay with 32 residential floors and a mixed-use residential and commercial building in Studio City.

Fourteen customers have awarded Al Shola Gas multiple contracts, reflecting repeat business with developers and contractors in Dubai.

Indicative completion dates for the contracts in the portfolio extend through the end of 2028. These dates are based on current project plans and are not fixed, and actual completion dates may vary depending on site conditions and access, material availability, and decisions and approvals from consultants, clients and authorities. Certain projects have experienced extended timelines, including two projects that commenced in 2021 and 2023, respectively, for which completion has been delayed due to delays in decisions and approvals on the clients’ side. Both projects remain active, and Al Shola Gas has received payment for all invoices issued for them to date.

In addition to its contracted engineering project portfolio, Al Shola Gas has submitted proposals for new LPG engineering projects with a combined value of approximately AED 50 million ($13.6 million).

These proposals remain subject to client evaluation and award, and there can be no assurance that any of them will result in contracts, or as to the timing, value or terms of any contracts that may be awarded.

2026 Revenue Outlook

Fusion Fuel continues to expect consolidated revenue of approximately €16 million to €18 million for the full year 2026, compared with approximately €14.4 million in 2025, representing anticipated year-over-year growth of approximately 11% to 25%. The approximately $1.0 million of engineering revenue Al Shola Gas expects to recognize from its contracted portfolio in the fourth quarter is one contributor to that outlook, alongside Al Shola Gas’s LPG distribution operations, BrightHy Solutions’ contracted projects and BioSteam Energy’s first facility, as outlined in the Company’s first half 2026 results announced on October 14, 2026.

Frederico Figueira de Chaves, Chief Executive Officer of Fusion Fuel, commented, “Al Shola Gas continues to build on its established engineering and LPG distribution platform, supported by a growing contracted project portfolio and long-standing relationships with developers and contractors in the UAE. Al Shola Gas now has 87 contracts in its engineering project portfolio, valued at approximately $5.2 million, with roughly three-quarters of that value relating to projects on which work has commenced, and a base of repeat clients. In September we added six new engineering subcontracts across residential, villa and commercial projects in Dubai, and the formal work order for Motor City, subject to its customary conditions, establishes a fixed-price commitment for our largest announced project with a defined payment schedule.

“Importantly, our engineering installations may create opportunities to establish recurring LPG supply relationships as projects are completed, potentially extending the value of these contracts beyond the initial engineering work. With approximately $13.6 million in additional project proposals submitted, which remain subject to client evaluation and award, we believe Al Shola Gas has opportunities to expand its commercial footprint and contribute to our broader strategy of building a diversified energy platform with multiple sources of revenue and long-term cash flows.”

About Fusion Fuel Green PLC

Fusion Fuel Green PLC (Nasdaq: HTOO) is a diversified energy platform offering a comprehensive suite of energy supply, distribution, and engineering and advisory solutions through its operating businesses Al Shola Gas, Bright Hydrogen Solutions Ltd (“BrightHy Solutions”) and Biosteam Energy (Proprietary) Limited (“BioSteam Energy”). Al Shola Gas provides full-service industrial LPG solutions, including the design, supply, and maintenance of LPG systems, as well as the transport and distribution of LPG across commercial, industrial, and residential sectors. BrightHy Solutions, the Company’s hydrogen solutions platform, delivers engineering and advisory services enabling decarbonization across hard-to-abate industries. BioSteam Energy provides biomass-powered industrial steam solutions to clients. Through Royal Uranium Inc., the Company also holds a portfolio of uranium and natural gas royalty and other interests across Canada, Colombia and Argentina.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or the Company’s future financial or operating performance and can be identified by words such as “may,” “will,” “believes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “should,” “seeks,” “future,” “continue,” “plan,” “target,” “predict,” “potential,” or the negative of such terms, or other comparable terminology. Forward-looking statements in this press release include, but are not limited to, statements regarding: the anticipated project values of the six new LPG engineering subcontracts awarded in September 2026, individually and in the aggregate; the value and execution of the contracts and change orders in Al Shola Gas’s contracted engineering project portfolio, including the expected commencement of the 31 contracts on which work has not yet commenced and the indicative completion dates of contracts in the portfolio; the expected amount and timing of revenue recognition from the contracted engineering portfolio, including approximately $1.0 million in the fourth quarter of 2026, approximately $2.2 million in 2027 and approximately $1.0 million thereafter; the expected number of residential and commercial units to be served by the projects; the Motor City work order, including the satisfaction of its conditions, the execution of a formal subcontract agreement, the commencement of procurement and mobilization, and the receipt of payments and release of retentions under its payment schedule; the potential for gas metering infrastructure and completed installations to result in ongoing LPG supply and utility service relationships, and the potential annual utility revenue of approximately AED 2.95 million to AED 3.75 million ($805,000 to $1.02 million) from the Motor City, Studio City and other projects; the proposals submitted by Al Shola Gas for new projects with a combined value of approximately AED 50 million ($13.6 million) and the potential award of contracts in respect of those proposals; the Company’s 2026 revenue outlook and expected year-over-year revenue growth, and the expected contributions to that outlook from Al Shola Gas, BrightHy Solutions and BioSteam Energy; and the Company’s strategy of building a diversified energy platform with multiple sources of revenue and long-term cash flows. These forward-looking statements are based on current expectations and assumptions and are not guarantees of future performance, conditions, or results. They involve known and unknown risks, uncertainties, and other important factors, many of which are outside the Company’s control, that could cause actual results to differ materially from those expressed or implied, including, without limitation: the material uncertainty regarding the Company’s ability to continue as a going concern and its dependence on external financing; geopolitical instability or armed conflict in the Middle East, including disruptions to shipping through the Strait of Hormuz and the departure of customers from the region, that could disrupt Al Shola Gas’s operations, sales volumes, supply chain and costs in the UAE; the Company’s ability to support the expansion of the operations of Al Shola Gas; Al Shola Gas’s ability to execute awarded LPG engineering projects on time and within budget; the risk that developers, owners or general contractors delay, suspend, modify or cancel contracted or contemplated projects or change orders, thereby reducing, deferring or eliminating anticipated revenue; the risk that projects take longer to commence or complete than currently indicated, including as a result of site readiness, site conditions and access, material shortages or delays in decisions and approvals from consultants, clients or authorities, which could defer revenue recognition beyond the periods currently expected; the risk that clients fail to pay amounts invoiced when due or at all, including in light of 90-day payment terms, retentions and defects liability periods; the risk that the conditions to the Motor City work order, including pre-qualification approval and the provision of a performance guarantee, are not satisfied, or that a formal subcontract agreement is not executed on the anticipated terms; the risk that proposals submitted by Al Shola Gas do not result in contract awards, or result in awards on less favorable terms than anticipated; the risk that Al Shola Gas does not obtain LPG supply or utility operations contracts upon completion of engineering projects, or that any such contracts generate less revenue than estimated; the risk that the Company does not achieve its 2026 revenue outlook, including as a result of lower sales volumes at Al Shola Gas, the failure of Al Shola Gas’s historical fourth-quarter seasonal pattern to recur, or delays in revenue recognition on BrightHy Solutions’ projects or lower than expected revenue from BioSteam Energy; fluctuations in demand for LPG engineering and distribution services; regulatory approvals and compliance requirements affecting LPG distribution and engineering services in the UAE; volatility in energy markets and LPG and other commodity prices; Al Shola Gas’s ability to obtain sufficient financing, including any performance guarantees, to support operations and growth initiatives; risks related to foreign exchange, including fluctuations in the U.S. dollar against the euro and the potential for adjustment of the AED/USD exchange rate that could reduce the U.S. dollar value of the projects; and the risks and uncertainties described in Exhibit 99.2 to the Report on Form 6-K/A furnished by the Company with the U.S. Securities and Exchange Commission (the “SEC”) on July 29, 2026, in the Company’s Annual Report on Form 20-F for the fiscal year ended December 31, 2025, as amended by Amendment No. 1 filed with the SEC on October 6, 2026, and in the Company’s other filings with the SEC. All forward-looking statements in this press release are qualified in their entirety by the cautionary statements above. The Company does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances that may arise after the date hereof, except as required by law.

Investor Relations Contact
ir@fusion-fuel.eu
www.fusion-fuel.eu

COLDWATER, Mich., Oct. 28, 2026 (GLOBE NEWSWIRE) — Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) announced third quarter 2026 net income of $3,274,000, or $0.70 per share, an increase of $255,000, or 8.45%, compared to net income of $3,019,000, or $0.65 per share, for the third quarter of 2025. For the first nine months of 2026, Southern earned $9,667,000, or $2.06 per share, an increase of $364,000, or 3.91%, compared to net income of $9,303,000, or $2.01 per share, for the same nine-month period one year ago. 

Southern’s annualized return on average assets was 0.76% and 0.79% for the nine-month periods ended September 30, 2026, and September 30, 2025, respectively. The annualized return on average equity was 10.25% for the first nine months of 2026 compared to 11.00% for the first nine months of 2025. The tax equivalent net interest margin was 3.33% for the nine months of 2026 compared to 3.21% for the same period of 2025.

The allowance for credit losses totaled $14,270,000, or 1.14% of loans on September 30, 2026. Net loan charge-offs totaled $1,650,000 for the first nine months of 2026, compared to $29,000 for the first nine months of 2025. Non-performing assets as a percentage of total assets were 0.28% as of September 30, 2026, and 0.96% as of December 31, 2025. 

John H. Castle, Chairman and Interim Chief Executive Officer of Southern Michigan Bancorp, Inc., stated, “Third-quarter earnings were solid, and we made significant progress in reducing non-performing assets. We also achieved record levels of both deposits and total assets at quarter-end. As we shared in our press release, John Waldron has resigned as President and CEO of Southern Michigan Bancorp effective October 7, 2026. I am returning as Interim CEO alongside Kurt Miller as Interim President, while we search for a new CEO and President. Even though Kurt and I retired in August 2024, we have continued to hold leadership positions on the Board and actively advise the bank’s strategic direction. We both look forward to overseeing Southern’s day-to-day operations throughout the search process.”

Southern Michigan Bancorp, Inc. is a bank holding company and the parent company of Southern Michigan Bank & Trust. It operates 18 offices within Branch, Calhoun, Hillsdale, Jackson, Kalamazoo and St. Joseph Counties providing a broad range of consumer, business and wealth management services throughout the region.

This press release contains forward-looking statements that are based on management’s beliefs, assumptions, current expectations, estimates and projections about the financial services industry, the economy, and Southern Michigan Bancorp, Inc. Forward-looking statements are identifiable by words or phrases such as “expected,” “begin,” and other similar words or expressions. All statements with reference to a future time period are forward-looking. Management’s determination of the provision and allowance for credit losses and other accounting estimates, such as the carrying value of goodwill, other real estate owned, mortgage servicing rights and the fair value of investment securities, involves judgments that are inherently forward-looking. The future effect of changes in the financial and credit markets and the national and regional economy on the banking industry, generally, and Southern Michigan Bancorp, Inc., specifically, are also inherently uncertain. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions (“risk factors”) that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence. Therefore, actual results and outcomes may materially differ from what may be expressed in or implied by such forward-looking statements. Southern Michigan Bancorp, Inc., does not update forward-looking statements to reflect the impact of circumstances or events that may arise after the date of the forward-looking statements.

SOUTHERN MICHIGAN BANCORP, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(In thousands, except share data)
			September 30, 2026			December 31, 2025
ASSETS
Cash and cash equivalents			$	153,466		$	110,126
Certificates of deposit in other banks				4,500			250
Securities available for sale, at fair value				150,240			156,220
Securities held-to-maturity, at amortized cost				64,377			62,471
Loans held-for-sale				949			214
Loans, net of allowance for credit losses of $14,270 – 2026, $15,553 – 2025				1,240,961			1,257,855
Premises and equipment, net				25,536			25,188
Net cash surrender value of life insurance				36,749			28,506
Goodwill				13,422			13,422
Other intangible assets, net				48			75
Other real estate owned				1,610			3,689
Other assets				39,158			32,461
TOTAL ASSETS			$	1,731,016		$	1,690,477
LIABILITIES
Deposits:
Non-interest bearing			$	243,100		$	224,171
Interest bearing				1,207,825			1,192,627
Total deposits				1,450,925			1,416,798
Securities sold under agreements to repurchase and overnight borrowings				1,139			1,390
Accrued expenses and other liabilities				22,479			18,118
Other borrowings				97,900			97,900
Subordinated debentures				34,843			34,791
Total liabilities				1,607,286			1,568,997
SHAREHOLDERS’ EQUITY
Preferred stock, 100,000 shares authorized; none issued or outstanding				–			–
Common stock, $2.50 par value:
Authorized – 10,000,000 shares
Issued and outstanding – 4,648,932 shares in 2026, 4,623,734 shares in 2025				11,618			11,555
Additional paid-in capital				13,710			13,621
Retained earnings				114,010			106,716
Accumulated other comprehensive loss				(15,608	)		(10,412	)
Total shareholders’ equity				123,730			121,480
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY			$	1,731,016		$	1,690,477

SOUTHERN MICHIGAN BANCORP, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(In thousands, except per share data)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2026			2025			2026			2025
Interest income:
Loans, including fees	$	19,519		$	18,681		$	58,828		$	53,724
Federal funds sold and balances with banks		1,009			726			2,539			2,492
Securities:
Taxable		1,398			1,468			4,156			4,405
Tax-exempt		439			394			1,271			1,089
Total interest income		22,365			21,269			66,794			61,710
Interest expense:
Deposits		7,469			7,731			22,535			22,587
Other		1,679			1,452			4,715			4,037
Total interest expense		9,148			9,183			27,250			26,624
Net interest income		13,217			12,086			39,544			35,086
Provision for credit losses		–			1,200			758			1,864
Net interest income after provision for credit losses		13,217			10,886			38,786			33,222
Non-interest income:
Service charges on deposit accounts		473			423			1,345			1,226
Trust fees		1,053			820			2,950			2,345
Net gains on loan sales		235			250			683			744
Earnings on life insurance assets		283			227			838			805
ATM and debit card fee income		492			478			1,440			1,406
Gain on sale of fixed assets		–			220			40			220
Other		217			200			648			602
Total non-interest income		2,753			2,618			7,944			7,348
Non-interest expense:
Salaries and employee benefits		6,684			5,992			19,460			17,985
Occupancy, net		680			651			2,003			1,837
Equipment		533			474			1,569			1,462
Professional and outside services		563			507			1,746			1,555
Software maintenance		796			718			2,304			2,067
ATM expenses		255			270			738			742
Printing, postage, and supplies		100			112			338			345
Telecommunication expenses		92			75			251			223
Loss on other real estate owned		830			–			2,519			–
Other		1,501			1,180			4,220			3,311
Total non-interest expense		12,034			9,979			35,148			29,527
INCOME BEFORE INCOME TAXES		3,936			3,525			11,582			11,043
Federal income tax provision		662			506			1,915			1,740
NET INCOME	$	3,274		$	3,019		$	9,667		$	9,303
Basic Earnings Per Common Share	$	0.70		$	0.65		$	2.08		$	2.02
Diluted Earnings Per Common Share		0.70			0.65			2.06			2.01
Dividends Declared Per Common Share		0.17			0.16			0.51			0.48

CONTACT: CONTACT:
John H. Castle, Chairman and Interim CEO
(517) 279-5500

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the “Code”)

1.        KEY INFORMATION

(a)   Full name of discloser:	Man Group PLC
(b)   Owner or controller of interests and short positions disclosed, if different from 1(a):         The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c)   Name of offeror/offeree in relation to whose relevant securities this form relates:         Use a separate form for each offeror/offeree	Gamma Communications plc
(d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
(e)   Date position held/dealing undertaken:         For an opening position disclosure, state the latest practicable date prior to the disclosure	27/10/2026
(f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?	NO

2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:	0.25p ordinary
	Interests		Short positions
	Number	%	Number	%
(1)   Relevant securities owned and/or controlled:	761,936	0.85
(2)   Cash-settled derivatives:	441,417	0.49
(3)   Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:	1,203,353	1.34

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b)      Rights to subscribe for new securities (including directors’ and other employee options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)        Purchases and sales

Class of relevant security

Purchase/sale

Number of securities

Price per unit

(b)        Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
0.25p ordinary	Equity swap	Reducing a long position	6,377	10.8598 GBP
0.25p ordinary	Equity swap	Reducing a long position	3,706	10.8729 GBP
0.25p ordinary	Equity swap	Reducing a long position	2,439	10.8972 GBP
0.25p ordinary	Equity swap	Reducing a long position	1,352	10.9160 GBP
0.25p ordinary	Equity swap	Reducing a long position	1,498	10.9200 GBP

        
(c)        Stock-settled derivative transactions (including options)

(i)        Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type e.g. American, European etc.

Expiry date

Option money paid/ received per unit

(ii)        Exercise

Class of relevant security

Product description e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

(d)        Other dealings (including subscribing for new securities)

Class of relevant security

Nature of dealing e.g. subscription, conversion

Details

Price per unit (if applicable)

4.        OTHER INFORMATION

(a)        Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

None

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i)   the voting rights of any relevant securities under any option; or (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

None

(c)        Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:	28/10/2026
Contact name:	Molly Childs
Telephone number:	+44 20 7144 3714

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

• Avante, in partnership with Vanguard Risk Management, has launched a pilot deployment of its MAST platform with the Municipality of Vari-Voula-Vouliagmeni in Greece, combining MAST’s AI-enabled video surveillance with drone-based aerial tracking.
• The pilot was featured on Greek national broadcaster ANT1 TV alongside the Mayor of Vari-Voula-Vouliagmeni, Mr. Grigoris Konstantellos, providing a live demonstration of the system’s detection, alert and drone-tracking functions.
• Avante continues to engage with the Municipality of Vari-Voula-Vouliagmeni and other prospective customers in Greece regarding further deployments of MAST and the expansion of its broader technology-enabled security offering.

TORONTO, Ontario, Oct. 28, 2026 (GLOBE NEWSWIRE) — Avante Corp. (TSX.V: XX) (OTC: ALXXF) (“Avante” or the “Company”), a global provider of technology-enabled security solutions and services, is pleased to announce that, in partnership with Vanguard Risk Management (“Vanguard”), an Athens-based provider of drone-based aerial surveillance and security services, it has launched a pilot deployment of its Mobile Automated Surveillance Tower (“MAST”) platform with the Municipality of Vari-Voula-Vouliagmeni (the “Municipality”) in Greece. The pilot was recently featured on Greek national broadcaster ANT1 TV with the Mayor of Vari-Voula-Vouliagmeni, Mr. Grigoris Konstantellos.

Two MAST units have been in operation with the Municipality for approximately two months. The initial deployment took place at a municipal concert, where the system was used both to support event security and to train municipal personnel in its operation. Since then, MAST has been deployed in high-traffic public spaces, including a public area in Voula featured in the ANT1 TV segment. The pilot uses two configurations: a trailer-mounted MAST unit, designed for rapid deployment at concerts, event venues and other temporary sites, and a fixed-installation unit for ongoing monitoring.

Through the partnership, MAST has been integrated with Vanguard’s drone-based aerial surveillance capabilities. When Avante’s HALO AI video analytics identify a potential threat, MAST issues an audible warning and alerts Avante’s Control Centre and relevant authorities. A Vanguard drone is then dispatched to track the individual from above, keeping them in view to support situational awareness during the response and adding a mobile aerial layer to MAST’s fixed perimeter coverage. Vanguard has worked with the Municipality for approximately five years on drone and aerial surveillance for civil protection.

Emmanuel Mounouchos, Founder, Chief Executive Officer and Board Chair of Avante, commented, “Launching MAST with the Municipality of Vari-Voula-Vouliagmeni is an important step in bringing our technology to public spaces in Europe, and we are pleased to be working alongside Vanguard, a partner with deep local experience in civil protection. Pairing MAST with drones that can be launched and provide visual awareness once a threat is detected gives authorities continuous, real-time visibility from first detection to response. Our focus is on evaluating the deployment with the Municipality and Vanguard and identifying opportunities for broader commercial use.”

During the ANT1 TV segment, Mayor Konstantellos and the Vanguard team presented the system and ran a live demonstration. As an individual simulating an armed threat walked into the monitored area, MAST detected him and issued an audible warning that authorities had been notified. The system then launched a drone, which began following him from overhead to prevent him from hiding or leaving undetected. Mayor Konstantellos noted the system is intended to support public safety at beaches, concerts and large sporting events, and said the Municipality’s objective is to see the system adopted beyond municipal events by state agencies. Watch the full segment here: https://www.youtube.com/watch?v=HyIBVGFjt6o

Avante continues to engage with the Municipality of Vari-Voula-Vouliagmeni and other prospective customers in Greece regarding further deployments of MAST and the expansion of its broader technology-enabled security offering. The pilot builds on MAST’s growing footprint across construction, parking, telecommunications, law enforcement, retail, events, and oil and gas. That footprint includes a partnership with Target Park Group Inc. across its above-ground parking portfolio in Canada and the United States, and a deployment agreement with a regional police force in Ontario for Avante’s Gunshot Detection technology.

ABOUT AVANTE CORP.:

Avante Corp. is a Toronto-based leading provider of security personnel and technology-enabled security solutions for residential and commercial clients. Avante’s mission is to deliver an elevated level of security globally, with a white-glove approach for high-net-worth families and corporations alike, through advanced solutions and methods for detecting conditions requiring immediate response. The Company has developed a diversified security platform that leverages cutting-edge technology to deliver superior security services. With an experienced team and a proven track record of solid growth, Avante is taking steps to build a broad portfolio of security businesses and solutions for its customers through organic growth complemented by strategic acquisitions. Avante acquires, manages, and develops industry-leading companies that provide specialized, mission-critical solutions to address the security risks faced by its clients. Avante is listed on the TSX Venture Exchange under the ticker “XX”. For more information, please visit www.avantecorp.ca and consider joining our investor email list.

ABOUT VANGUARD RISK MANAGEMENT:

Vanguard Risk Management is an Athens-based provider of drone-based aerial surveillance, security and civil protection services. The company supports municipalities, government agencies and private-sector clients with services including surveillance of critical infrastructure, forest fire prevention, infrastructure inspection, digital mapping and search and rescue, and operates fixed control centres in more than eight municipalities across Greece. For more information, please visit www.vanguard-drones.com.

Forward-Looking Information

This news release may contain forward-looking statements (within the meaning of applicable securities laws) relating to the business of the Company and the environment in which it operates. Forward-looking statements are identified by words such as “believe”, “anticipate”, “project”, “expect”, “intend”, “plan”, “will”, “may”, “estimate”, “pro-forma” and other similar expressions. These statements are based on the Company’s expectations, estimates, forecasts and projections. Forward-looking statements in this news release include, but are not limited to, statements regarding the pilot deployment of MAST with the Municipality of Vari-Voula-Vouliagmeni; the Company’s partnership with Vanguard Risk Management and the integration of MAST with drone-based aerial surveillance; the intended use of MAST at beaches, concerts, sporting events and other public spaces; the Company’s continued discussions regarding additional opportunities and the potential for such discussions to result in further deployments or commercial agreements; the potential adoption of MAST by additional municipalities, public agencies or other customers in Greece and Europe; and the potential for MAST to contribute to the Company’s recurring revenue. The forward-looking statements in this news release are based on certain assumptions. They are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, but not limited to, the Company’s ability to successfully complete the pilot and convert it into a long-term commercial agreement; the outcome of the Company’s continued discussions, which may not result in additional deployments or agreements; the performance of Vanguard Risk Management under the partnership and the Company’s reliance on third parties for local deployment and drone operations; public-sector procurement processes, budgets and approvals; the Company’s ability to comply with legal and regulatory requirements applicable to its technologies in Greece and the European Union, including those relating to data protection, privacy, artificial intelligence and the operation of unmanned aircraft; the performance of MAST and its integration with drone technology in live operating environments; risks associated with operating in international markets, including foreign exchange fluctuations; the Company’s ability to achieve anticipated growth from new service offerings and from development and deployment of new technologies; and the list of risk factors identified in the Company’s Management Discussion & Analysis (MD&A), Annual Information Form (AIF) and other continuous disclosure documents available at www.sedarplus.ca. There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update any such statement, whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information:
Emmanuel Mounouchos
CEO, Chairman, and Founder
(416) 923-6984
manny@avantesecurity.com
Pardeep Sangha
Investor Relations
604-572-6392
pardeep@angadcapital.com

#FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the “Code”)

1.        KEY INFORMATION

(a)   Full name of discloser:	Man Group PLC
(b)   Owner or controller of interests and short positions disclosed, if different from 1(a):         The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c)   Name of offeror/offeree in relation to whose relevant securities this form relates:         Use a separate form for each offeror/offeree	Rotork Plc
(d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
(e)   Date position held/dealing undertaken:         For an opening position disclosure, state the latest practicable date prior to the disclosure	27/10/2026
(f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?	NO

2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:	0.5p ordinary
	Interests		Short positions
	Number	%		Number	%
(1)   Relevant securities owned and/or controlled:
(2)   Cash-settled derivatives:	15,508,149	1.89		11,213	0.00
(3)   Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:	15,508,149	1.89		11,213	0.00

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b)      Rights to subscribe for new securities (including directors’ and other employee options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)        Purchases and sales

Class of relevant security

Purchase/sale

Number of securities

Price per unit

(b)        Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
0.5p ordinary	Equity Swap	Reducing a long position	1,638	4.9240 GBP
0.5p ordinary	Equity Swap	Reducing a long position	2,499	4.9245 GBP
0.5p ordinary	Equity Swap	Reducing a long position	1,829	4.9250 GBP
0.5p ordinary	Equity Swap	Reducing a long position	1,163	4.9249 GBP
0.5p ordinary	Equity Swap	Reducing a long position	969	4.9240 GBP

(c)        Stock-settled derivative transactions (including options)

(i)        Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type e.g. American, European etc.

Expiry date

Option money paid/ received per unit

(ii)        Exercise

Class of relevant security

Product description e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

(d)        Other dealings (including subscribing for new securities)

Class of relevant security

Nature of dealing e.g. subscription, conversion

Details

Price per unit (if applicable)

4.        OTHER INFORMATION

(a)        Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

None

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i)   the voting rights of any relevant securities under any option; or (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

None

(c)        Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:	28/10/2026
Contact name:	Molly Childs
Telephone number:	+44 20 7144 3714

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.