ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED. — Capital/Financing Update 2021

Oct 3, 2021

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Notice under Section 708A(5)(e) of the Corporations Act 2001 (Cth)

4 October 2021 : This notice is given by Environmental Clean Technologies Limited (ASX: ECT) (ECT or Company) under section 708A(5)(e) of the Corporations Act 2001 (Cth) (Corporations Act) as modified by the Australian Securities and Investments Commission (ASIC).

ECT confirms that it has today issued the following securities in the Company to Kaai Capital for acting as lead manager to the Company's recent promissory note raising announced on 3 September 2021:

• a) 18,000,000 fully paid ordinary shares in the Company;

• b) 15,000,000 listed options (ASX:ECTOE) in the Company; and

• c) 150,000,000 listed options (ASX:ECTOE) in the Company,

(together, the Issued Securities ).

The Company hereby gives notice that:

• a) The Issued Securities were issued without disclosure under Part 6D.2 of the Corporations Act.

• b) This notice is being given under section 708A(5)(e) of the Corporations Act.

• c) As at the date of this notice, the Company has complied with:

  • i. the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

  • ii. section 674 of the Corporations Act.

• d) As at the date of this notice, there is no 'excluded information' as defined in sections 708A(7) and (8) of the Corporations Act that is required to be set out in this notice under section 708A(6)(e) of the Corporations Act.

This announcement has been approved and authorised to be given to the ASX by the Board of ECT.

For further information, please contact:

INVESTORS Glenn Fozard Managing Director info@ectltd.com.au / +6139849603

MEDIA

Adam Giles Company Secretary media@ectltd.com.au / +61398496203

About ECT

ECT is in the business of commercialising leading-edge energy and resource technologies, 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.

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)

About Coldry

Coldry is the gateway enabler of higher-value applications for low-rank coals.

Low-rank coals are a rich source of valuable hydrocarbons. However, they suffer from high moisture content that must be reduced to enable higher-value upgrading and conversion to solid fuels, liquid or gaseous hydrocarbons.

Drying is easy. However, drying efficiently and cost-effectively has been the challenge. Coldry meets this challenge through a combination of ‘brown coal densification’ and waste heat utilisation, delivering the world’s first low temperature, low pressure, low cost, zero CO2 emissions drying process.

About HydroMOR

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

HydroMOR is a simple, low cost, low emission, hydrogen-driven technology that enables ‘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 intended to form the basis for a 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.

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.

Forward-Looking Statements

Statements contained in this release, particularly those regarding possible or assumed future performance, revenue, costs, dividends, production levels or rates, prices or potential growth of ECT, are or may be, forward-looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. Therefore, actual results and developments may differ materially from those expressed or implied by these forward-looking statements depending on a variety of factors.

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