EPX LIMITED — Capital/Financing Update 2022

Dec 13, 2022

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ASX Announcement - EP&T Global Limited (ASX:EPX) EP&T Announces Completion of Retail Entitlement Offer

14 December 2022

EP&T Global Limited (ASX: EPX) ( EP&T or the Company ) announced to the ASX on 24 November 2022 the launch of a placement to sophisticated and professional investors, a conditional placement to certain directors, and a 1-for-1.47 pro rata accelerated nonrenounceable entitlement offer (together the Capital Raising ). The Capital Raising is being undertaken at an offer price of A$0.025 per new ordinary share ( Share ) ( Offer Price ) to raise approximately A$5.0 million.

On 25 November 2022, EP&T announced the completion of the placement and the institutional component of the entitlement offer, raising approximately $3.7 million. EP&T issued 147,793,667 new ordinary shares under the placement and the institutional component of the entitlement offer on 1 December 2022. The conditional part of the placement will raise a total of A$0.5 million (subject to obtaining shareholder approval) through the issue of approximately 19 million new Shares ( Conditional Placement ) on or around 19 January 2023.

EP&T is pleased to advise that the Retail Entitlement Offer has now closed. The available retail component of the Entitlement Offer was 38.3 million shares and 18.4 million shares were subscribed for by eligible retail shareholders, being 48% ($0.46m) of their entitlement. Eligible retail shareholders also subscribed for 16.6 million additional shares ($0.42m) via the retail shortfall facility which have not been subject to scale-back. The remainder of the shortfall was subscribed for by parties including certain Directors who had underwritten the retail component of the Entitlement Offer by up to $0.3 million. The underwriters subscribed for 3.2m shares ($0.08m). In total the Company will issue 38.3m shares and raised $0.95m through the Retail Entitlement Offer.

The issue of new shares under the Retail Entitlement Offer is expected to take place on Friday, 16 December 2022 with trading of these shares on ASX expected to commence on Monday 19 December 2022.

This release is authorised by the Board of Directors of EP&T.

EP&T Global Limited ACN – 645 144 314 Suite 2, 407 Pacific Highway, Artarmon NSW 2064

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About EP&T Global

EP&T Global is optimising buildings for a sustainable future. EP&T’s proprietary technology solution combines multiple information sources with cloud-based data analytics to detect real-time energy inefficiencies in buildings. This highly accurate identification of faults and inefficiencies enables EP&T to collaborate with building managers to improve and optimise building plant operating systems.

EP&T’s “EDGE Intelligent System” is a data repository incorporating 20+ years of building energy efficiency knowledge – collecting and analysing more than 5.6 billion points of data per annum with proprietary algorithmic analysis and machine learning.

To learn more visit www.eptglobal.com

For more information, please contact:

John Balassis

Interim Chief Executive Officer

investor@eptglobal.com

EP&T Global Limited ACN – 645 144 314 Suite 2, 407 Pacific Highway, Artarmon NSW 2064