GREEN360 TECHNOLOGIES LIMITED — Capital/Financing Update 2017

Dec 17, 2017

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ASX Release

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18 December 2017

ULTRACHARGE LIMITED ACN 140 316 463

Level 6

105 St Georges Terrace, Perth Western Australia 6000 Tel: +61 8 6558 0886 Fax: +61 8 6316 3337 Web: www.ultra-charge.net

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Corporate and Investors CPS Capital Group Pty Ltd Jason Peterson

Jason.Peterson@cpscapital.com.au

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Directors

Mr Kobi Ben-Shabat Mr David Wheeler Mr Doron Nevo Mr Yuri Nehushtan Mr John Paitaridis

ASX Code :

UTR

Shares : 555,058,417

Escrow Shares: 159,980,717

Options (various) : 82,000,000

Performance Rights: 41,062,500

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Completion of Selective Reduction of Capital

The Board of UltraCharge Ltd ( ASX: UTR, UltraCharge or the Company ) advises that it has today completed the cancellation of 28,603,987 shares.

The cancellation of the shares was approved at the Annual General and Special General Meetings of shareholders held on 28 November 2017.

A copy of the ASIC Form 484 notifying the cancellation of the shares is attached.

Peter Webse

Company Secretary

About UltraCharge Limited ( www.ultra-charge.net)

UltraCharge is an Israel-based company that is a global leader in identifying, acquiring and developing battery technologies that offer superior qualities and new solutions for the lithium ion and flow battery markets. The Company has a growing Intellectual Property portfolio of battery technologies, particularly focused on developing the following technology solutions for the market:

• Anode for Lithium Ion Batteries: The Company has exclusive rights to patented anode technology from the Nanyang Technology in Singapore. The technology will replace graphite in anodes (negative pole) with nanotube fibers made from titanium dioxide. This has the potential to revolutionise the market for lithium batteries by producing a battery that is safe, has a longer lifetime and is fast charging.

• Cathode for Lithium Ion Batteries: The Company has agreed to acquire rights to new cathode intellectual property from ETV Energy in Israel. The technology contains a high voltage LiMnNO cathode that is half the cost of commercial cathodes, and can offer a battery solution that has advantages in terms of the voltage, energy capacity and power capacity.

• Ion Flow Battery – The Company has an exclusive licence agreement with Epsilor in Israel which provides access to new ion flow battery technology. The technology is the only commercially viable energy storage solution of its type, which has a low installation cost and lower operating costs than other comparable solutions on the market.

UltraCharge has established a pilot facility and is developing the above platform technologies and customising solutions to meet end user requirements, and subsequently meet global market demand.\

Australian Securities & Investments Commission

Electronic Lodgement

Document No. 7E9754204

Lodgement date/time: 18-12-2017 11:45:48 Reference Id: 106433207

Form 484 Corporations Act 2001

Change to company details

Company details

Company name ULTRACHARGE LIMITED Australian Company Number (ACN) 140 316 463

Lodgement details

Who should ASIC contact if there is a query about this form?

Name

WEBSE,PETER

ASIC registered agent number (if applicable) 26761

Signature

This form must be signed by a current officeholder of the company.

I certify that the information in this form is true and complete Name

PETER GORDON WEBSE

Capacity Secretary

Signature

Date signed 18-12-2017

ASIC Form 484 Ref 10643320718/12/2017

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Form 484 - Change to company details ULTRACHARGE LIMITEDACN140 316 463

C1 Cancellation of shares

Reason for cancellation

Shares cancellation details

Shares cancellation details	Shares cancellation details	Shares cancellation details	Shares cancellation details
Reason for cancellation S.256A-S.256E Capital reduction - multiple shareholder company. A form 2560 must be lodged before capital reduction takes place The cancelled shares are listed below:
Share class code	Number of shares cancelled	Amount paid (cash or otherwise)
ORD	28603987	1430199
Earliest Date of cancellation 18-12-2017

C3 Change to share structure

The updated details for this changed share class are shown in the table below.

Share class code	Full title if not standard	Total number of shares	Total amount paid on these shares	Total amount unpaid on these shares
ORD	ORDINARY SHARES	715039134	34577572.57	0.00
Earliest date of change 18-12-2017

ASIC Form 484 Ref 10643320718/12/2017

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