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ENERGY ONE LIMITED Capital/Financing Update 2021

Nov 30, 2021

64860_rns_2021-11-30_834a9986-fecf-424f-a190-f60fa84d6d04.pdf

Capital/Financing Update

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ABN 37 076 583 018 ASX EOL

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ASX Announcement

1st December 2021

Egssis NV Completion Shares Issued and Cleansing Notice

This notice is given by Energy One Limited (the “Company” or “EOL”) under section 708A(5)(e) of the Corporations Act 2001 (Cth) (“Corporations Act”).

On 1st December 2021 the Company issued 212,833 ordinary shares at $5.67 per share ( Shares resultant from the completion of the acquisition of Egssis NV. The Company acquired 100% of the issued capital of Eggsis NV as detailed in the Company’s announcement on 1 October 2021.

The Company gives notice that:

  • a. the Company issued the Shares without disclosure to investors under Part 6D.2 of the Corporations Act;

  • b. this notice is given under section 708A(5)(e) of the Corporations Act;

  • c. as at the date of this notice the Company has complied with:

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

    • ii. sections 674 and 674A of the Corporations Act; and

  • d. as at the date of this notice, there is no excluded information (with the exception of the information disclosed below) of the type referred to in sections 708A(7) and 708A(8) of the Corporations Act.

For the purposes of sections708A(6)(e), 708A(7) and 708A(8) of the Corporations Act, the Company is required to disclose matters that have been excluded from a continuous disclosure notice in accordance with Listing Rule 3.1A. Section 708A(8) of the Corporations Act requires disclosure of information to the extent to which it is reasonable for investors and their professional advisers to expect to find the information in a disclosure document.

Head Office

Level 13, 77 Pacific Highway North Sydney NSW 2060

Postal Address PO Box 6400 North Sydney NSW 2059

Contact Information

Telephone: + 61 2 8917 2200 Email: [email protected] Website: www.energyone.com

ABN 37 076 583 018 ASX EOL

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On this basis EOL discloses that the Company has entered into a conditional, indicative and nonbinding Letter of Intent to acquire 100% of a business that is complementary to Energy One’s existing businesses. The potential transaction is consistent with the Company’s announced strategy for long term growth and had AUD $6.0mil revenue in FY21.

EOL is undertaking due diligence and discussions remain ongoing. There is no certainty that the proposed transaction will result in an acquisition.

If there are material developments in the future, EOL will inform shareholders as required under its continuous disclosure obligations.

For further information please contact

Guy Steel Chief Financial Officer & Company Secretary

E: [email protected] | P: +61 2 8916 2223 | www.energyone.com

Head Office

Level 13, 77 Pacific Highway North Sydney NSW 2060

Postal Address PO Box 6400 North Sydney NSW 2059

Contact Information

Telephone: + 61 2 8917 2200 Email: [email protected] Website: www.energyone.com