ENERGY TECHNOLOGIES LIMITED — Capital/Financing Update 2022

Oct 6, 2022

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ENERGY TECHNOLOGIES LIMITED

A.B.N. 38 002 679 469

Unit J, 134 - 140 Old Pittwater Road Brookvale NSW 2100 Tel: +61 2 9938 5622 www.energytechnologies.com.au

Australian Stock Exchange Company announcements platform

7 October 2022

Energy Technologies Limited raises $3,600,000 in Convertible Note Offer

Energy Technologies Limited (ASX:EGY or “the Company”), a 100% owner of Bambach Wire and Cables Pty Ltd (Bambach) which manufactures low voltage copper insulated cables, is pleased to announce that it has raised $3,600,000.00 via a convertible note issue for working capital.

The convertible note will attract a 10.0% coupon rate and is convertible at any time up to, and including, the maturity date at a price of $0.08. The maturity date is 12 months from the issue date, unless redeemed earlier or at such later date as is agreed in writing between the Company and the Noteholder. Noteholders may elect to convert their convertible notes into fully paid ordinary shares at any time, however, conversion is subject to EGY obtaining shareholder approval for the issue of the shares on conversion.

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Authorised by the Board of Directors of Energy Technologies Limited

For further information please contact: Corporate Communications Mr. Tony Smith Non-Executive Director Tony.Smith@energytechnologies.com.au

website: www.energytechnologies.com.au

About Energy Technologies

Energy Technologies Limited (ABN 38 002 679 469) has a 100% ownership of Bambach Wire and Cables Pty Ltd, a manufacturer of low voltage copper insulated cables. Learn more about Energy Technologies at www.energytechnologies.com.au