ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED. — Capital/Financing Update 2013

Oct 30, 2013

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Shareholder Update – Capital Management

Thursday, 31 October 2013: Environmental Clean Technologies Limited (ASX: ESI) (ECT or Company) wishes to advise the completion of a capital raising program to raise short term funding.

Interim Funding Measures

The Company has agreed a “FAST Finance” loan of $1,200,000 through Greenard Willing and Platinum Road. The FAST Finance loan is an advance against the expected R&D tax concession due in October-November 2014.

The Board believes that this is a reasonable source of short-term finance and an appropriate arrangement.

The key terms of the FAST Finance loan are as follows:

Term: 12 months Repayment: Cash in full from the R&D tax rebate refund Interest Rate: 12.5% p.a. payable upfront Fees: 5% (payable in ESI securities at 0.75c)

Mr. Ashley Moore, Managing Director said, “We appreciate the patience of our shareholders as we continue to work on our longer-term capital management plans. In the meantime, these interim non-dilutive funding measures support to our operational funding needs.”

2013 FAST Finance loan

The Company established a $1,700,000 FAST Finance loan facility earlier this year (announcement 4 February 2013). The term of that facility is 12 months and concludes in January 2014, secured against the R&D Tax Incentive refund received (announcement 11 October 2013).

Partial satisfaction of the 2013 Fast Finance loan has been made ahead of the term concluding. Subject to further discussions with facility providers, the balance may be satisfied before the term expiry, and in any event no later than the agreed January 2014 term expiry.

For further information contact:

Ashley Moore – Managing Director +61 3 9909 7684 or info@ectltd.com.au

About ECT

ECT is in the business of commercialising leading-edge coal and iron making technologies, which are capable of delivering financial and environmental benefits.

We are focused on advancing a portfolio of technologies, which have significant market potential globally.

ECT’s business plan is to pragmatically commercialise these technologies and secure sustainable, profitable income streams through licencing and other commercial mechanisms.

About Coldry

When applied to lignite and some sub-bituminous coals, the relatively simple Coldry beneficiation process produces a black coal equivalent (BCE) in the form of pellets. Coldry pellets have equal or superior energy value to many black coals and produce lower CO2 emissions than raw lignite.

About MATMOR

The MATMOR process has the potential to revolutionise primary iron making.

MATMOR is a simple, low cost, low emission, production technology, utilising the patented MATMOR retort, which enables the use of cheaper feedstocks to produce primary iron.

Level 7, 530 Little Collins Street, Melbourne Vic, 3000 Australia | Phone +613 9909 7684 | www.ectltd.com.au | ABN 28 009 120 405 Listed on the Australian Stock Exchange (ASX:ESI)