New Agreement with npower

Energy Assets Group plc

("Energy Assets" or the "Group")

New Agreement with npower

Energy Assets Group plc (LSE: EAS.L), the largest independent provider of industrial and commercial (I&C) gas metering services in the UKi, and provider of electricity metering and data services, is delighted to announce that it has signed a new agreement with npower, a leading integrated UK energy company, for the provision of data collection and aggregation services from advanced electricity meters being installed over the next 12 months.

The new agreement, which is a variation to an existing agreement and relates to circa 60,000 additional I&C meter and data points, has been signed by BGlobal Metering Limited (BGM) and is the first of its kind to be secured since acquisition of the company by Energy Assets in April 2014. The securing of this contract underpins the aspirations of Energy Assets to become a leading service provider in the electricity sector and is in line with the initial growth targets set by the Group at the time of acquisition.

Phil Bellamy-Lee, Chief Executive of Energy Assets, commented:

"npower is a long standing customer of BGM and, in signing this new agreement, we can look forward to further strengthening this relationship as we continue to grow the BGM business with the objective of becoming the leading provider of metering services to I&C customers in both the gas and electricity sectors."

Wayne Mitchell, Head of I&C Sales and Marketing for npower said:

"This new agreement further helps our new connections business reach its goal of improving its customer service to customers. The installation of these advanced meters will enable more automated meter reads to be undertaken, and critically, will underpin our wider strategy of ensuring we treat our customers fairly and more efficiently."

Enquiries

For further information visit www.energyassets.co.uk or contact:

Notes to Editors:

Energy Assets provides metering and related services in the I&C segment of the UK utility market and is the largest independent provider of I&C gas metering services in the UK, by number of assets owned and managed. The Group offers utility suppliers and end-user consumers of energy a broad spectrum of metering services from the provision and management of new and replacement meters through its MAM/MOP divisions to the procurement and project management of related utility infrastructure works and the collection and provision of energy consumption data through the Group's Siteworks and AMR divisions.

Energy Assets is listed on the Main Market of the London Stock Exchange.