ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED. — Capital/Financing Update 2014

Jan 16, 2014

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Update: New Options Series

17 January 2014: Environmental Clean Technologies (ECT or Company) (ASX:ESI) advises that the issue of the Prospectus for the new option series approved by shareholders under Resolution 7 at the AGM on 29 November 2013 will be postponed by several weeks.

The company intends to proceed with the new option series, however given the prevailing market conditions, the pricing of the new options is currently under review and as such, any change in the structure or pricing of the offer will require new shareholder approval at a General Meeting prior to the Prospectus being issued.

While the pricing may change, the eligibility criteria remain the same; Holders of expired options at 16 January 2014 will be eligible to acquire new options on a 1:1 basis, with shareholders also able to apply for an allocation.

On a related matter, the company announced it had signed a non-binding Term Sheet with The Lind Partners and Peloton on 24 December 2013, which included provision for underwriting of the planned new issue of options. This Term Sheet will need to be revised to reflect the abovementioned changes.

A Notice of Meeting and Explanatory Memorandum detailing the revised structure and pricing will be sent to shareholders in due course.

Background

The current option series (ESIO) expired at 5pm yesterday (16 Jan 2014).

Shareholders approved a new option series under Resolution 7 at the AGM on 29 November 2013 with a purchase price of 0.2¢ and conversion price of 1.8¢.

Full details of the previously approved Resolution are available on our website: http://www.ectltd.com.au/asx-announcements/annual-general-meeting-2013/

For further information contact: Ashley Moore – Managing Director

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)