Sulnox Group PLC - Distribution agreement with Motor Plus, Panama

10 February 2026

Sulnox Group Plc

(the "Company" or "Sulnox")

Distribution agreement with Motor Plus, Panama

(Aquis Stock Exchange: SNOX)

Sulnox, the greentech company delivering lower fuel costs and emissions with zero capex, is pleased to announce a distribution agreement with Motor Plus Panama, S.A. ("Motor Plus"), part of IHS Holding Group ("IHS Group"), a leading diversified Panamanian industrial and energy group active in fuel distribution, bunkering, oil & product storage and trading, lubricants, logistics and engineering services.

Under the agreement, Motor Plus will stock Sulnox products in the Port of Colón, enabling efficient domestic delivery and bunkering support for shipping companies transiting or operating within the Panama Canal region. Motor Plus will manage all local logistics and inventory, significantly enhancing Sulnox's ability to serve maritime, industrial, and transport customers throughout Central America and the Caribbean.

Founded in 2014, Motor Plus operates within IHS Group, a corporation with over 200 employees and more than eight operating companies. IHS Group has grown steadily since its establishment in 2006 and has developed an integrated presence across Panama's energy and marine-supply logistics activities through subsidiaries such as:

·    Interoceanic Supply Services / Triton Energy of Panama - a marine fuel supplier and bunker barge operator with a presence across Panama's national bunkering market, operating on both the Atlantic and Pacific sides of the Canal.

·    Trigas, S.A. - a leading distributor of lubricants and fuels in Panama's domestic market.

·    Telfer Tanks - a 1.2 million barrel fuel storage terminal with a dedicated 400-metre pier at the Atlantic entrance of the Canal, handling major clients including Trafigura.

·    Mindi Port Development and GEMCO - providing industrial repair, port-equipment services and electric-motor maintenance across the region.

·    TMS Colón Port - a port services and logistics operator based in Colón, providing operational, stevedoring and support services to maritime and industrial clients operating in the Canal and Atlantic region.

This integrated network provides Motor Plus and IHS Group with superior control over their logistics chain, enabling Sulnox to enter a robust, high-volume energy ecosystem serving Panama, the Panama Canal, port operators, and international shipping lines.

The Panama Canal remains one of the world's most strategically significant shipping corridors, with 13,404 vessel transits in fiscal 2025, including 3,342 Neopanamax vessels designed to fit through the Canal's expanded locks. This dense concentration of shipping and refuelling activity reinforces the demand for efficient, sustainable fuel-treatment solutions, an area in which Sulnox technology can deliver immediate, measurable benefits, including improved engine health.

Ben Richardson, Chief Executive Officer of Sulnox, commented:

"Partnering with Motor Plus marks a major milestone in Sulnox's international expansion. The Panama Canal is one of the world's busiest and most important maritime hubs. Motor Plus and the IHS Group's deep-rooted presence across Panama's marine, fuel and logistics sectors, offers an additional, very sizeable platform to expand the delivery of our technology to key global shipping clients, the Panamanian market and wider region. Together, we can accelerate adoption of cleaner, more efficient fuel practices in one of the most strategically important regions for world trade."

Rodrigo Hernandez Calvo, Managing Director of Motor Plus, added:

"Our group has long focused on improving the efficiency and sustainability of energy use across Panama and the wider region. Sulnox's unique technology aligns perfectly with our business model, offering immediate, practical solutions to reduce fuel consumption, lower emissions and improve engine efficiency across the marine, industrial and transport sectors. We look forward to a close and productive collaboration bringing these innovations to our clients."

ENDS

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