BABYLON PUMP & POWER LIMITED — Share Issue/Capital Change 2022

Aug 4, 2022

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5 August 2022

ASX Market Announcement Via e-lodgment

CLEANSING NOTICE UNDER SECTION 708A(5)(e) OF THE CORPORATIONS ACT

As announced on 4 August 2022, Babylon Pump & Power Ltd (Company) was set to acquire the assets of Perth-based specialist in test pumping and project water management, Resource Water Group. The $3m purchase price was to be funded by cash, shares and asset finance.

The Company has now issued 74,626,866 fully paid ordinary shares at $0.0067 to fund part of the acquisition, being $500,000. An Appendix 2A has also been lodged.

The Company gives notice pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ) that:

1. the Company issued the Shares without disclosure under Part 6D.2 of the Corporations Act; and

2. as at the date of this notice, the Company has complied with:

   • a) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

   • b) section 674 of the Corporations Act; and

3. as at the date of this notice, there is no information to be disclosed which is excluded information (as defined in section 708A(7) of the Corporations Act) that is reasonable for investors and their professional advisers to expect to find in a disclosure document.

This announcement is authorised for market release by the Board of Babylon Pump & Power Limited.

Yours faithfully

Michael Shelby Executive Chairman Babylon Pump & Power Ltd

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