BPH ENERGY LTD — Capital/Financing Update 2023

Oct 10, 2023

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11 October 2023

Australian Securities Exchange Limited 10th Floor 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam,

CLEAN HYDROGEN TECHNOLOGIES CORPORATION INVESTMENT

At a shareholders’ meeting held on 21 June 2022 shareholders voted unanimously to approve an investment in hydrogen technology company, Clean Hydrogen Technologies Corporation ( Clean Hydrogen ). BPH and its 36.1% investee Advent Energy Ltd ( Advent ), together the Purchaser, subsequently settled for the acquisition of a 10% interest in Clean Hydrogen for US$1,000,000 (8% BPH and 2 % Advent) in July 2022.

The Purchaser had a first right of refusal to invest further in Clean Hydrogen to a maximum of a further US$1,000,000 for an additional 10% interest. The Purchaser has loaned a further US$950,000 under this agreement and the Purchaser and Clean Hydrogen have now executed a Loan Conversion Agreement which will enable the conversion of the US$950,000 loan into the relevant Subscription Shares Tranche 2, representing the Purchaser’s further 9.5% interest in Clean Hydrogen.

BPH now has an interest in 2,628 shares (representing a 15.6% interest) and Advent has an interest in 656 shares (representing a 3.9% interest) in Clean Hydrogen.

Clean Hydrogen has also issued 760 share options to BPH and 190 share options to Advent, with an exercise price of USD$3,000 each, exercisable immediately, with the option to convert into shares in Clean Hydrogen expiring ten years from the date of issue.

Authorised for release by

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David Breeze Managing Director

BPH Energy Ltd ACN 095 912 002 PO Box 317, North Perth, Western Australia 6906 14 View Street, North Perth, Western Australia 6006 admin@bphenergy.com.au www.bphenergy.com.au T: +61 8 9328 8366 F: +61 8 9328 8733