ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED. — Capital/Financing Update 2013

Feb 3, 2013

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Shareholder Update: Capital Raising Activities

Monday, 4 February 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 finalised a “FAST Finance” loan of $1,700,000 and placement of $506,515 managed through Greenard Willing and Platinum Road. The FAST Finance loan is an advance against the expected R&D tax concession due in October-November 2013.

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: 15% p.a. payable upfront

The key terms of the placement are as follows:

• Average of the 3 daily VWAP prior to settlement x 80%

Mr Michael Davies, Executive Chairman said “We appreciate the patience of our shareholders as we work with Monash Capital on our longer-term funding to ensure the best interests of both parties are accommodated. In the meantime, these interim funding measures will allow us to maintain the momentum of the Commercial Demonstration Plant (CDP) delivery program, and ongoing operational funding.”

A further update on the status of the DFT will be released in coming weeks.

2012 FAST Finance loan satisfied

The Company established a $1,300,000 FAST Finance loan facility last year (announcements 19 July and 8 October 2012).

This loan has been satisfied via a combination of cash repayment and issuance of ECT securities. The 2012 FAST Finance loan has been repaid in full.

Status of Monash Capital Share Placement Settlement

The ‘Monash Capital’ funding program approved under Resolution 6 at the Annual General Meeting on 29 November 2012 is progressing. The Company will make a further announcement as outcomes are reached.

Trading Halt

The Company requests a lifting of the trading halt requested on 31 January 2013.

For further information contact:

Media & Investor enquiries: Mike Davies – Managing Director +61 3 9909 7684 or info@ectltd.com.au Broker/finance enquiries: Glenn Fozard – Director, Greenard Willing glenn.fozard@greenardwilling.com

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)

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.