ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED. — Share Issue/Capital Change 2009

Dec 8, 2009

Appendix 3B New issue announcement

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.

Name of entity

Environmental Clean Technologies Limited

ABN

28 009 120 405

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

• 1 +Class of +securities issued or to be issued 1. Full paid ordinary Shares (ESI) 2. Listed Options (ESIO)

• 2 Number of[+] securities issued or to be issued (if known) or maximum number which may be issued

• 60,000,000 2. 30,000,000

• 3 Principal terms of the[+] securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)

• Fully paid ordinary shares 2. Listed Options (ESIO)

• See chapter 19 for defined terms.

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Appendix 3B New issue announcement

4 Do the+securities rank equally in all respects from the date of allotment with an existing +class of quoted+securities? If the additional securities do not rank equally, please state: • the date from which they do • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration 6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets) 7 Dates of entering +securities into uncertificated holdings or despatch of certificates 8 Number and+class of all+securities quoted on ASX (_including_the securities in clause 2 if applicable)	1. Fully paid ordinary shares Yes. Same terms as existing ESI ordinary shares. 2. Options Yes. Same terms as existing ESIO options.	1. Fully paid ordinary shares Yes. Same terms as existing ESI ordinary shares. 2. Options Yes. Same terms as existing ESIO options.
	1. $0.044 per ordinary share 2. Nil – 1 free attaching ESIO for every 2 fully paid ordinary shares subscribed for
	Capital raising via placement
	1. 9 December 2009 2. 9 December 2009
	Number	~~+~~Class
	710,668,011 493,764,535	Ordinary shares (ESI) Listed options (ESIO)

• See chapter 19 for defined terms.

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Appendix 3B New issue announcement

9 Number and+class of all+securities not quoted on ASX (including the securities in clause 2 if applicable)	Number	+Class
	3,500,000 Unlisted options expiring 15th February 2010 exercisable at 12 cents each 2,500,000 Unlisted options expiring 15th February 2010 exercisable at 12 cents each once the VWAP for the preceding 5 days is 15c or more 5,000,000 Unlisted options expiring 15th February 2010 exercisable at 20 cents each once the VWAP for the preceding 5 days is 30C or more 5,000,000 Unlisted options expiring 15th February 2010 exercisable at 20 cents each once the VWAP for the preceding 5 days is 35C or more 41,666,666 Unlisted options expiring 15th October 2010 exercisable at 12 cents each. 1,252,478 Options exercisable at 15.22 cents each and expiring on 12 December 2010 1,500,000 Unlisted options exercisable at 25 cents escrowed until 7 December 2008 and expiring on 5 October 2010. 1,000,000 Unlisted options exercisable at 20C and expiring on 14th February 2011. 1,539,145 Options exercisable at 11.3 cents each and expiring on 2 June 2011 708,306 Options exercisable at 5.59 cents each and expiring on 25 Sept 2011 794,806 Options exercisable at 4.04 cents each and expiring on 8 Oct 2011 962,106 Options exercisable at 3.795 cents each and expiring on 17 November 2011 360,999 Options exercisable at 3.12 cents each and expiring on 23 December 2011
	1,350,000 Convertible Notes with a face value of $1.00 each convertible at the option of the holder until 16 May 2010 into ESI ordinary shares issued at a 30% discount to the 10 day VWAP and between 17 May 2010 and the date of maturity, 17 November 2011, at a 20% discount to the 10 day VWAP of ESI securities traded on ASX.

10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

None

• See chapter 19 for defined terms.

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Appendix 3B New issue announcement

Part 2 - Bonus issue or pro rata issue

NOT A BONUS ISSUE OR PRO RATA ISSUE SO QUESTIONS 11 to 33 NOT APPLICABLE

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

• 34 Type of securities ( tick one )

• (a) Securities described in Part 1 (2)

• (b) All other securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

35 If the[+] securities are[+] equity securities, the names of the 20 largest holders of the additional[+] securities, and the number and percentage of additional +securities held by those holders

36 If the[+] securities are[+] equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over 37 A copy of any trust deed for the additional[+] securities

• See chapter 19 for defined terms.

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Appendix 3B New issue announcement

Entities that have ticked box 34(b)

38 Number of securities for which +quotation is sought 39 Class of[+] securities for which quotation is sought

40 Do the[+] securities rank equally in all respects from the date of allotment with an existing[+] class of quoted[+] securities?

• If the additional securities do not rank equally, please state: • the date from which they do • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

• • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

• 41 Reason for request for quotation now

Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly identify that other security)

42 Number and +class of all +securities quoted on ASX ( including the securities in clause 38)

Number +Class

• See chapter 19 for defined terms.

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Appendix 3B New issue announcement

Quotation agreement

• 1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the[+] securities on any conditions it decides.

• 2 We warrant the following to ASX.

• The issue of the[+] securities to be quoted complies with the law and is not for an illegal purpose.

• There is no reason why those[+] securities should not be granted +quotation.

• An offer of the[+] securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any[+] securities to be quoted and that no-one has any right to return any[+] securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the[+] securities be quoted.

• If we are a trust, we warrant that no person has the right to return the[+] securities to be quoted under section 1019B of the Corporations Act at the time that we request that the[+] securities be quoted.

• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

• 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

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Sign here: ............................................................ Date: 9 December 2009 (Chief Executive) Print name: Kosmas Galtos

• See chapter 19 for defined terms.

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