New Fortress Energy Inc. (NASDAQ:NFE) ("NFE" or the "Company") refers to its previous announcements in relation to the consensual UK Restructuring Plan (the "UK RP") between its subsidiaries, NFE Global Holdings Limited ("NFE Global") and NFE Brazil Newco Limited ("NFE Brazil", together with NFE Global, the "Plan Companies"), and certain of their creditors (the "Plan Creditors").

NFE is pleased to announce that the UK RP has been approved today at a hearing in the High Court of Justice of England and Wales before Mr. Justice Cawson, where the Plan Companies were granted an order sanctioning the UK RP, which are two inter-conditional restructuring plans proposed by each of the Plan Companies (the "Sanction Order"). The Sanction Order will shortly be filed with the Registrar of Companies and the UK RP will become effective in accordance with its terms.

Plan Creditors showed overwhelming support for the UK RP at the meetings of Plan Creditors convened earlier this week on June 15, with 99% of Plan Creditors voting in favor of the UK RP and unanimous consent obtained in nearly all classes of Plan Creditors.

Next steps

A hearing before the United States Bankruptcy Court of the Southern District of New York to confirm the recognition of the UK RP will be held on June 26, 2026.

The transactions contemplated by the UK RP are expected to be implemented by the third quarter of 2026, subject to the satisfaction of customary conditions and regulatory approvals.