ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED. — Capital/Financing Update 2020

Jan 23, 2020

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Non-renounceable Entitlement Offer Update

24 January 2020: Environmental Clean Technologies Limited (ASX: ECT) (ECT or Company) provides the following update to shareholders in relation to its current non-renounceable entitlement offer.

Clarification

It has come to the attention of the Company that some shareholders may be experiencing confusion over the current entitlement offer.

Background

• Initial Entitlement Offer dated 4 November 2019 was withdrawn due to changes in the value of the proposed plant upgrade project

• Refunds were issued to applicants via direct debit or cheque

• Current Entitlement Offer was issued on 6 December 2019

• Shareholders will need to reapply to participate as the original application cannot be automatically rolled over

The company undertook a direct call campaign to shareholders who participated in the Initial Entitlement Offer, dated 4 November 2019. This was to ensure that those applicants had received their refund cheques and confirm their intention for participation in the current entitlement offer as well as answer questions that they may have had.

It is clear from the feedback there is some confusion as to the process of receiving the refund from the initial prospectus and applying under the current prospectus.

Points of confusion:

• Some shareholders have not received their refund cheque due to incorrect address details on file at the Registry

• Some shareholders incorrectly believe their initial application under the original Offer dated 4 November 2019 will simply roll over to the new Offer dated 6 December 2019

• Some shareholders, returning from the Christmas break, have not received the new Prospectus dated 6 December 2019

• Some shareholders were not aware of the withdrawal of the original Offer and incorrectly believe they will be receiving their entitlement

What you need to do

Refunds

Shareholders who have not received their refund should contact the Registry via the following details to update their information and request a cheque reprint or refund via electronic funds transfer:

Automic Registry Services Pty Ltd

Phone: 1300 288 644 (9am – 5pm AEDT, Monday to Friday)

Email: hello@automic.com.au

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)

New Offer – New Applications

The original Offer dated 4 November 2019 was withdrawn due to material changes in the value of the proposed plant upgrade project. This was a result of the positive impact of the insurance claim process following a fire at the Company’s Coldry plant on 21 October 2019. A new prospectus was subsequently issued.

The initial Offer received ~$1.7 million in support prior to withdrawal. Refunds were subsequently issued. Many were issued via electronic funds transfer. Some shareholders incorrectly believe that their initial application simply rolls over or are unaware they need to make a new, separate application.

Shareholders are advised that they need to resubmit their application under the New Offer, using the new form and BPay payment details provided by the Registry.

To be clear, the original Offer application forms cannot be used to apply for the New Offer.

The new application form may be obtained by either:

• a) Download from the Registry website – www.automic.com.au

• b) Calling or emailing the Registry on the above contact details to request a copy of their personalised application form

The Prospectus for the New Offer is available from the Company’s website – www.ectltd.com.au.

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 HydroMOR

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

HydroMOR is a simple, low cost, low emission, hydrogen-driven technology which enables the use of ‘low value’ feedstocks to produce primary iron.

About COHgen

The COHgen process has the potential to deliver a lower cost, lower emission method for hydrogen production from brown coal.

COHgen is currently advancing through fundamental laboratory development to inform its patent application ahead of scale up and commercialisation.

About CDP-WTE

The catalytic depolymerisation-based waste-to-energy process converts ‘low-value’ resources into higher-value diesel and other valuable by-products.

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CDP-WTE can be deployed as a standalone solution or integrated with the Coldry process to deliver higher-value, lower-emission energy solutions to lignite resource owners.

Areas covered in this announcement:

ECT (ASX:ECT)	ECT Finance ECT India Aust. Projects R&D HVTF Business Develop.	Sales

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