ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED. — Capital/Financing Update 2019

Mar 7, 2019

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Shareholder Update

8 March 2019: Environmental Clean Technologies Limited (ASX: ECT) (ECT or Company) is pleased to provide the following update.

Key points

• Equity Lending Facility (ELF) incentive program extended until 5 pm AEST 22 March 2019

• India project partner NMDC Limited confirms next board meeting for 12 March 2019

ELF Incentive Program Extended

Further to the Company’s announcement of 18 February 2019 outlining its ELF incentive program, ECT is pleased to advise that ECT Finance Limited has extended the offer period for the current 17% discount.

The ELF incentive program originally offered a tiered, time-based discount, starting at 30% for applications received by 5 pm AEST on 1 March 2019, reducing to 17% for application received by 5 pm AEST on 15 March 2019.

The extension follows the announcement by India project partner NMDC Limited (NMDC) of their next board meeting which is to be held on 12 March 2019.

The extension of the ELF incentive close date allows additional time for the Company to update shareholders regarding the outcome of NMDC’s board meeting prior to ELF borrowers deciding if they wish to participate in the incentive offer.

The Company looks forward to providing further information as it becomes available.

For further information, contact:

Glenn Fozard – Chairman info@ectltd.com.au

About ECT

ECT is in the business of commercialising leading-edge energy and resource 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 licensing and other commercial mechanisms.

About Coldry

When applied to lignite and some sub-bituminous coals, the 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.

About the India R&D Project

The India project is aimed at advancing the Company’s Coldry and Matmor technologies to demonstration and pilot scale, respectively, on the path to commercial deployment.

388 Punt Road, South Yarra, VIC 3141 Australia | Phone +613 9849 6203| www.ectltd.com.au | ABN 28 009 120 405 Listed on the Australian Stock Exchange (ASX:ECT)

ECT has partnered with NLC India Limited and NMDC Limited to jointly fund and execute the project.

NLC India Limited is India’s national lignite authority, largest lignite miner and largest lignite-based electricity generator. NMDC Limited is India’s national iron ore authority.

Areas covered in this announcement:

ECT(ASX:ECT)	ECTFinanceECT IndiaIndiaProjectAust.ProjectR&DHVTFBusinessDevelop.	Sales

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