ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED. — Capital/Financing Update 2021

Apr 6, 2021

Proposed issue of securities

==> picture [21 x 22] intentionally omitted <==

Announcement Summary

Entity name

ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED.

Announcement Type

New announcement

Date of this announcement

Wednesday April 7, 2021

The Proposed issue is:

==> picture [8 x 8] intentionally omitted <==

An offer of securities under a securities purchase plan

Total number of +securities proposed to be issued for an offer of securities under a securities purchase plan

Maximum Number of ASX +security code +Security description +securities to be issued ECT ORDINARY FULLY PAID 1,250,000,000

ASX +security code

+Record date

Tuesday April 6, 2021

Offer closing date

Wednesday April 28, 2021

+Issue date

Friday May 7, 2021

Refer to next page for full details of the announcement

Proposed issue of securities

1 / 6

Proposed issue of securities

==> picture [21 x 22] intentionally omitted <==

Part 1 - Entity and announcement details

1.1 Name of +Entity

ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED.

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

1.2 Registered Number Type Registration Number ACN 009120405

1.3 ASX issuer code

ECT

1.4 The announcement is

==> picture [8 x 9] intentionally omitted <==

New announcement

1.5 Date of this announcement

Wednesday April 7, 2021

1.6 The Proposed issue is:

==> picture [8 x 8] intentionally omitted <==

An offer of +securities under a +securities purchase plan

Proposed issue of securities

2 / 6

Proposed issue of securities

==> picture [21 x 22] intentionally omitted <==

Part 4 - Details of proposed offer under securities purchase plan

Part 4A - Conditions

4A.1 - Are any of the following approvals required for the offer of +securities under the +securities purchase plan issue to be unconditional?

+Security holder approval Court approval Lodgement of court order with +ASIC ACCC approval FIRB approval Another approval/condition external to the entity

==> picture [8 x 8] intentionally omitted <==

No

Part 4B - Offer details

Class or classes of +securities that will participate in the proposed issue and class or classes of +securities proposed to be issued

ASX +security code and description

ECT : ORDINARY FULLY PAID

Will the proposed issue of this +security include an offer of attaching +securities? No

Details of +securities proposed to be issued

ASX +security code and description

ECT : ORDINARY FULLY PAID

Maximum total number of those +securities that could be issued if all offers under the +securities purchase plan are accepted 1,250,000,000

Will the offer be conditional on applications for a minimum number of +securities being received or a minimum amount being raised (i.e. a minimum subscription condition)? No

Will the offer be conditional on applications for a maximum number of +securities being received or a maximum amount being raised (i.e. a maximum subscription condition)? Yes

Proposed issue of securities

3 / 6

Proposed issue of securities

==> picture [21 x 22] intentionally omitted <==

==> picture [423 x 601] intentionally omitted <==

----- Start of picture text ----- Describe the maximum subscription conditionMaximum of $2,000,000Will individual security holders be required to accept the offer fora minimum number or value of +securities (i.e. a minimumacceptance condition)?YesIs the minimum acceptance unit based or dollar based?Dollar based ($)Please enter the minimum acceptance value$ 2,000Will individual security holders be limited to accepting the offerfor a maximum number or value of +securities (i.e. a maximumacceptance condition)?YesIs the maximum acceptance unit based or dollar based?Dollar based ($)Please enter the maximum acceptance value$ 15,000Describe all the applicable parcels available for this offer in number of securities or dollar valueMinimum of $2000 and maximum of $15,000, with increments of $500.Offer price detailsHas the offer price been determined?YesIn what currency will the offer What is the offer price perbe made? +security?AUD - Australian Dollar AUD 0.00160Oversubscription & Scale back detailsWill a scale back be applied if the offer is over-subscribed?YesDescribe the scale back arrangementsPro-rata scale back if subscriptions exceed $2,000,000.Will these +securities rank equally in all respects from their issue date with the existing issued+securities in that class?Yes----- End of picture text -----

Part 4C - Timetable

Proposed issue of securities

4 / 6

Proposed issue of securities

==> picture [21 x 22] intentionally omitted <==

4C.1 Date of announcement of +security purchase plan

Wednesday April 7, 2021

4C.2 +Record date

Tuesday April 6, 2021

4C.3 Date on which offer documents will be made available to investors

Monday April 12, 2021

4C.4 Offer open date

Wednesday April 14, 2021

4C.5 Offer closing date

Wednesday April 28, 2021

4C.6 Announcement of results

Monday May 3, 2021

4C.7 +Issue date

Friday May 7, 2021

Part 4D - Listing Rule requirements

4D.1 Does the offer under the +securities purchase plan meet all of the requirements of listing rule 7.2 exception 5 or do you have a waiver from those requirements? Yes

Part 4E - Fees and expenses

4E.1 Will there be a lead manager or broker to the proposed offer? Yes

4E.1a Who is the lead manager/broker?

Kaai Capital. Pty Ltd

4E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker?

6% of shortfall placed

4E.2 Is the proposed offer to be underwritten? No

Proposed issue of securities

5 / 6

Proposed issue of securities

==> picture [21 x 22] intentionally omitted <==

4E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission? No

4E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed offer No. Part 4F - Further Information

4F.01 The purpose(s) for which the entity intends to use the cash raised by the proposed issue Key company initiatives. 4F.1 Will the entity be changing its dividend/distribution policy if the proposed offer is successful? No

4F.2 Countries in which the entity has +security holders who will not be eligible to accept the proposed offer Offer only available in Australia and New Zealand.

4F.3 URL on the entity's website where investors can download information about the proposed offer www.ectltd.com.au

4F.4 Any other information the entity wishes to provide about the proposed offer NA

Proposed issue of securities

6 / 6