ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED. — Capital/Financing Update 2021

Aug 30, 2021

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CLEANSING NOTICE – SECTION 708A(5)(e) CORPORATIONS ACT 2001

31 August 2021: Environmental Clean Technologies Limited (ASX:ECT) ( Company or ECT ) gives this notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Act ).

On 30 August 2021, the Company issued 9,000,000 shares (ASX:ECT) ( New Shares ) and 3,000,000 options (ASX:ECTOE) ( New Options ). These New Shares and New Options were issued to Kaai Capital and/or their nominee(s) in lieu of cash payment for fees in relation to the placement to sophisticated and professional investors announced to the market on 7 April 2021 ( Placement ). This issue of New Shares and New Options was approved by shareholders under resolutions 7 and 8 at the Company’s extraordinary general meeting on 25 June 2021.

The New Shares and New Options will rank equally with all other shares and options on issue. The Company advises that:

• (a) the New Shares and New Options issued pursuant to the Placement were issued without disclosure under Part 6D.2 of the Act;

• (b) this notice is given under section 708A(5)(e) of the Act;

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

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

  • (ii) section 674 of the Act;

• (d) as at the date of this notice, the Company is considering a capital raising by way of an issue of promissory notes. No final position has yet been reached in relation to the quantity or terms of the capital raising.

• (e) there is no further information that is “excluded information” within the meanings of sections 708A(7) and 708A(8) of the Act that is required to be set out in this notice under section 708A(6)(e) of the Act.

This announcement was approved for release by the Board of the Company.

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For further information, please contact:

INVESTORS MEDIA Glenn Fozard Adam Giles Chairman Company Secretary info@ectltd.com.au / +6139849603 media@ectltd.com.au / +61398496203

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 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.

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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