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CARBONXT GROUP LIMITED Capital/Financing Update 2021

May 24, 2021

64640_rns_2021-05-24_dfb45a6f-dd13-4db9-8710-0ff5cae20ecb.pdf

Capital/Financing Update

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ASX RELEASE

25 May 2021

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Carbonxt receives government grant to assist with economic impact of COVID-19

Carbonxt Group Ltd (ASX:CG1) (“Carbonxt” or “the Company”) has received a onetime grant from the US government of US$474k (A$613k equivalent at the current exchange rate) to assist with the economic impacts of COVID-19. The grant will be used for regular ongoing payroll, employee benefit, utility and rent costs.

This announcement has been authorised for release to ASX by the Board of Directors of Carbonxt Group Limited.

ENDS

Enquiries Warren Murphy Managing Director +61 413841216 [email protected]

About Carbonxt

Carbonxt (ASX:CG1) is a cleantech company that develops and markets specialised Activated Carbon products, primarily focused on the capture of mercury and other contaminants in industrial processes that emit substantial amounts of harmful pollutants. The Company produces and manufactures Powdered Activated Carbon and Activated Carbon pellets for use in industrial air purification, waste water treatment and other liquid and gas phase markets.