BLUGLASS LIMITED — AGM Information 2012

Nov 25, 2012

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26 November 2012

The Manager Company Announcements Office ASX Limited

BLUGLASS 2012 AGM Chairman Address

Good afternoon, it is now 1pm, as a quorum is clearly present and taking the notice of meeting as read, I now declare the meeting open. My name is George Venardos and I am the Non-Executive Chairman of the company.

I would also like to introduce you to my fellow directors here today, Dr. William Johnson and Mr. Greg Cornelsen. We are also joined by the company’s CEO Giles Bourne, Chief Technology Officer Dr. Ian Mann, CFO Stuart Uhlhorn, IR Manager Stef Winwood and our Company Secretary Emmanuel Correia. Representatives of our Auditors, Grant Thornton are also present.

The procedure this afternoon is that I will outline the company’s achievements for the last year and I will then hand over to our CEO, Giles Bourne who will provide an overview of the financial results and the strategy for the year ahead. We will then hear from our Chief Technology Officer, Dr. Ian Mann, who will discuss the technical progress achieved during the year and the next steps which will enable us to demonstrate the performance advantages of the Remote Plasma Chemical Vapour Deposition (RPCVD) technology. Following Ian’s presentation we will take questions from the floor before proceeding with the formal business of the meeting.

The last financial year has seen significant progress made that has de-risked our company and greatly improved its outlook for commercial success. BluGlass is now making rapid inroads in the development of our breakthrough low temperature RPCVD technology for the LED equipment and photovoltaic industries.

Recently we announced that we have successfully demonstrated our proof of concept milestone having reduced all impurities to within industry acceptable ranges and achieved industry equivalent electrical properties, an achievement that moves us towards demonstrating the performance advantages of the RPCVD technology.

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We also announced, during the year, that we achieved industry matching high quality crystalline GaN, grown using our low temperature RPCVD process. The technical team achieved a step change in material quality when they produced a low temperature RPCVD layer which matched the defect density levels of the commercially grown MOCVD template underneath.

These are world first, ground breaking technical achievements made by our team at Silverwater.

During the year we also continued to grow our intellectual property portfolio with a number of patent applications filed and the granting of the claims of a key patent for the company by the US Patent and Trademarks Office. This brings the total granted patent portfolio to 18 international patents in four families. The growth of our intellectual property portfolio is a fundamental part of our preparation for the commercialisation of our breakthrough low temperature process and also a testament to the cutting edge research of our scientific team.

The Progress achieved earlier in the year also allowed us to complete the checklist of Joint venture milestones agreed with our partner SPTS. As a result of the progress made by the JV and in order to provide BluGlass with the exclusive right to pursue the full range of commercialisation options on behalf of our shareholders, the Company negotiated with SPTS to purchase their 49% interest in the EpiBlu joint venture and lift their equity to the listed holding company. This transaction was completed in early October. SPTS has been an excellent JV partner and continues to be a cornerstone investor with a 24.9% holding in the company’s shares. We look forward to partnering with SPTS further in the commercialisation of RPCVD.

I would like to thank my colleagues on the Board for their efforts and direction during the course of the past 12 months. I would also like to thank the Management and technical team’s at BluGlass for their dedication to innovation and technical excellence as the company continues to break ground towards delivering a potentially disruptive technology in a rapidly growing and evolving markets.

Now I would like to hand you over to your Chief Executive Officer, Giles Bourne for his financial review and discussion of the future strategy and roadmap. Thank you.

About BluGlass: BluGlass Limited is an Australian green technology company formed to commercialise a

breakthrough in the Semiconductor Industry. BluGlass has invented a new process using Remote Plasma Chemical Vapour Deposition (RPCVD) to grow semiconductor materials such as gallium nitride (GaN) and indium gallium nitride (InGaN), crucial to the production of high efficiency devices such as next generation lighting technology Light Emitting Diodes (LEDs) with advanced low cost potential.

The RPCVD technology, because of its low temperature and highly flexible nature, offers many potential benefits over existing technologies including higher efficiency, lower cost and greater scalability.

Contact: Stefanie Winwood +61 2 9334 2302, +61 433 307 853 swinwood@bluglass.com.au

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