BABYLON PUMP & POWER LIMITED — Capital/Financing Update 2019

Sep 19, 2019

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ASX Release

20 September 2019

Cleansing Statement Under Section 708A of the Corporations Act

This notice is given by Babylon Pump & Power Ltd (the Company) under section 708A(5)(e) of the Corporations Act 2001 (Cth) (Corporations Act).

The Company advises is has allotted 37,684,963 fully paid ordinary shares at a price of 0.01516 per share on 19 September 2019 (Conversion Shares).

As announced on 15 August 2019, the Company raised $4,500,000 via issue of convertible loans to support ongoing company growth (Convertible Loans). The Conversion Shares were issued upon conversion of a portion of the Convertible Loans pursuant to the Convertible Loans agreement

The Company advises that:

• (a) The Conversion Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

• (b) This notice is being given under sections 708A(5)(e) of the Act; (c) As at the date of this notice, the Company has complied with: (i) the provisions of Chapter 2M of the Act, as they apply to the Company; and (ii) section 674 of the Corporations Act, as it applies to the Company; and

• (d) As at the date of this notice, there is no information that is ‘excluded information’ within the meanings of sections 708A(7) and 708A(8) of the Corporations Act.

Michael Shelby Executive Chairman +61 (0) 8 9454 6309

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