REG - Chariot Limited - Disposal of Water Business

RNS Number : 1638M Chariot Limited 18 December 2025 18 December 2025Chariot Limited("Chariot", the "Company")Disposal of Water BusinessChariot (AIM: CHAR), the Africa focused energy company, announces that it has disposed of its water business as it focuses on its core interests within the Power division in electricity trading and generation projects across southern Africa.The water business primarily held the proof-of-concept desalination project in Djibouti. The business was held through Chariot's stake in a subsidiary, Oasis Water Platform, which has now been sold to AquaNexus Holding.Sale consideration of US$435,000 in cash has been received and will be used for general corporate purposes.EnquiriesChariot LimitedAdonis Pouroulis, CEOJulian Maurice-Williams, CFO+44 (0) 20 7318 0450Cavendish Capital Markets Limited (Nomad and Joint Broker)Derrick Lee+44 (0) 20 7397 8900Stifel Nicolaus Europe Limited (Joint Broker)Callum Stewart, Ashton Clanfield+44 (0) 20 7710 7760Celicourt Communications (Financial PR)Mark Antelme, Charles Denley-Myerson, Kathleen Beams+44 (0) 20 7770 6424NotesAbout ChariotChariot is an Africa focused energy group with two core business streams: Upstream Oil and Gas and Renewable Power.Chariot's Renewable Power business is focused on providing competitive, sustainable and reliable energy through building, generating and trading renewable power in South Africa as well as progressing the development of its power-to-mining projects on the continent. Chariot is also continuing to advance its green hydrogen asset, Project Nour in Mauritania.The ordinary shares of Chariot Limited are admitted to trading on AIM under the symbol 'CHAR'. https://chariotenergygroup.comAbout Oasis Water PlatformPrior to the transaction described in this announcement, Chariot held 80% interests in Oasis Water Platform and its subsidiaries (together, the "Water Business"), through which the Company held a stake in a proof-of-concept desalination project in Djibouti.In the year to 31 December 2024, the Water Business generated revenues of US$162,000 and a loss of approximately US$100,000 after deduction of recurring operating and administrative expenses. At 31 December 2024, the book value of the Water Business within property, plant and equipment was US$550,000 (implying a book value of US$440,000 for Chariot's 80% stake).This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END DISUWAORVNUUAAA