CLEARVUE TECHNOLOGIES LIMITED — Capital/Financing Update 2024

Mar 20, 2024

ASX Announcement

21 March 2024

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ASX RELEASE ǀ CLEARVUE TECHNOLOGIES LIMITED (ASX:CPV | OTC:CVUEF)

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ClearVue Share Purchase Plan closes oversubscribed

HIGHLIGHTS

• SPP well supported by existing shareholders raising in excess of the $2 million target

• Funds raised via SPP and Placement strengthens treasury with a combined total over $6 million

• In conjunction with funds raised via the Placement, ClearVue is now funded to complete and finalise testing and certification of its Generation 2 products leading into anticipated early sales expected during the second half of the year.

21 March 2024 : Smart building materials company ClearVue Technologies Limited (ASX:CPV OTC: CVUEF) ( ClearVue or the Company ) has successfully closed its Share Purchase Plan (SPP) announced to ASX on 1 March 2024.

Strongly supported by eligible shareholders, the SPP was oversubscribed beyond the $2 million the Company initially sought to raise. Valid applications were received totaling $2,139,000 at the issue price of $0.50 per share together with a 1-for-3 free attaching option (the options have an exercise price of $0.75 and expire two years from the date of issue). ClearVue’s Board has exercised its absolute discretion under the terms of the SPP to accept the oversubscriptions.

The Company also confirms director participation in the SPP to the amount of $40,000, representing applications for 80,000 shares at $0.50 per share with 26,666 free attaching options. The Company will be seeking shareholder approval to issue the 26,666 options at an upcoming General Meeting (date to be determined). As indicated in prior announcements, the Company will be seeking shareholder approval for the issue of 200,000 tranche two placement shares to director, Charles Mowrey at the same meeting.

As an overall result of the SPP, the Company will issue 4,278,000 shares and 1,425,929 options. The issue of the shares and options (less the total of 26,666 options to be issued to directors which are subject to shareholder approval) is expected to take place on Tuesday, 26 March 2024.

Commenting on the outcome of the SPP, Martin Deil, Global CEO of ClearVue, said:

“We are extremely pleased with the response to the capital raising and sincerely appreciate the support from existing and new shareholders. We were also pleased to see demand for the placement significantly exceed the size of the offer. This ensures we are well capitalised to capture the global opportunity and demand for our unique solar glazing technology.”

The Company wishes to thank shareholders for their continued support.

Authorised by the Chairman of ClearVue Technologies Limited.

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ASX Release | 21 March 2024

FOR FURTHER INFORMATION, PLEASE CONTACT:

ClearVue Technologies Ltd Investors Media Anna Abrossimova Adrian Mulcahy Tristan Everett Head of Marketing adrian.mulcahy@automicgroup.com.au tristan.everett@automicgroup.com.au anna@clearvuepv.com +61 (0) 438 630 422 +61 (0) 403 789 096 +61 (0) 401 398 088

ABOUT CLEARVUE TECHNOLOGIES LIMITED

ClearVue Technologies Limited (ASX: CPV) is an Australian technology company that operates in the Building Integrated Photovoltaic (BPIV) sector which involves the integration of solar technology into building surfaces, specifically glass and building façades, to provide renewable energy. ClearVue has developed advanced glass technology that aims to preserve glass transparency to maintain building aesthetics whilst generating electricity.

ClearVue’s electricity-generating glazing technology is strategically positioned to complement and make more compelling, the increased use of energy-efficient windows now being regulated in response to global climate change and energy efficiency goals.

Solar PV cells are incorporated around the edges of an Insulated Glass Unit (IGU) used in windows and the lamination interlayer between the glass in the IGU incorporates ClearVue’s patented proprietary nano and micro particles, as well as its spectrally selective coating on the rear external surface of the IGU.

ClearVue’s window technology has application for use in the building and construction and agricultural industries (among others). ClearVue has worked closely with leading experts from the Electron Science Research Institute, Edith Cowan University in Perth, Western Australia to develop the technology.

To learn more please visit: www.clearvuepv.com

FORWARD LOOKING STATEMENTS

Statements contained in this release, particularly those regarding possible or assumed future performance, revenue, costs, dividends, production levels or rates, prices or potential growth of ClearVue Technologies Limited, are, or may be, forward looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. Actual results and developments may differ materially from those expressed or implied by these forward-looking statements depending on a variety of factors.

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ASX Release | 21 March 2024