ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED. — Capital/Financing Update 2023

Jan 24, 2023

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LETTER TO OPTION HOLDERS

25 January 2023: Environmental Clean Technologies Limited (ASX: ECT) (“ ECT ” or “ Company ”) advises that the attached letter has been sent to registered holders of ECTOE quoted options exercisable at $0.03 each with an expiry date of 17 February 2023.

This announcement is authorised for release to the ASX by the Board of ECT.

For further information, please contact:

INVESTORS	MEDIA
Glenn Fozard	Adam Giles
Managing Director	Marketing & Communications Manager
info@ectltd.com.au / +613 9849 6203	media@ectltd.com.au / +613 9849 6203

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)

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25 January 2023

EXPIRY OF LISTED OPTIONS

Dear Option Holder,

We are writing to you as a registered holder of ECTOE listed options (Options) in Environmental Clean Technologies Limited (ASX: ECT) (Company), to remind you that the options will expire at 5:00pm (AEST) on Friday, 17 February 2023.

In accordance with Clause 5.2 of Appendix 6A of the Listing Rules, ECT provides option holders with the following information:

• The number of quoted options to which this notice applies is 961,303,046.

• On exercise, each quoted options entitles the holder to receive one fully paid ordinary share in the Company. If all of the quoted options were exercised, 961,303,046 fully paid ordinary shares in the Company would be issued.

• The exercise price for each quoted option is $0.03 (Exercise Price).

• The due date for payment of the Exercise Price is 5:00pm AEST on 17 February 2023 (Expiry Date).

• If payment is not received before the Expiry Date, the quoted options will expire unexercised, and all rights will cease.

• Official quotation of the quoted options will cease on 13 February 2023, being four business days before the Expiry Date.

• The market price of the Company’s shares on 23 January 2023, being the last trading day prior to the date of this notice, was $0.011.

• The highest market price of the Company’s quoted fully paid ordinary shares during the 3 months immediately before this notice was issued was $0.018 on 10 November 2022. The lowest market price of the Company’s quoted fully paid ordinary shares during the 3 months immediately before this notice was issued was $0.01 on 17 January 2023.

• The exercise of the options is not underwritten.

• This notice is not being sent within the 20 business days stipulated by clause 5.2 of Appendix 6A, due to an administrative oversight.

For the avoidance of doubt, please note the name of the Option Holder is set out in the personalised Notice of Exercise Form accompanying this letter.

If you have any further questions, please do not hesitate to contact our Registry at 1300 288 664 (within Australia) or +61 2 9698 5414 (international). Alternatively you can also direct your enquiries to hello@automic.com.au.

Yours faithfully

Arron Canicais

Company Secretary

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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)