HAZER GROUP LIMITED — Board/Management Information 2017

Jul 23, 2017

Hazer Group Ltd Suite 7, 29 The Avenue, Nedlands, WA 6009 PO Box 1458, West Perth WA 6872

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HAZER GROUP SECURES EX-PWC GLOBAL MINING LEADER AS CHAIRMAN OF THE BOARD

PERTH, AUSTRALIA; 24[th] JULY 2017: Hazer Group Ltd (“Hazer” or “the Company”) (ASX:HZR, HZRO) is pleased to announce the appointment of prominent Australian mining expert and industry thought-leader, Tim Goldsmith as Chairman.

over 20 years and comes with decades of leadership experience in the mining sector.

Tim has held mulVple roles during his PwC career and is best known for leading PwC’s global mining team. With more than 2,000 partners and staff in more than 100 mining countries, he spent years travelling the world building strong networks with CEOs of major mining companies and governments.

During his tenure as Global Mining Leader, Tim was also responsible for PwC’s thought leadership on the future of the mining industry and was a well-known presenter at mining conferences around the globe.

Tim was an early parVcipator in the China growth story and iniVated a China focus in 2002 that lead to PwC’s Australia China desk, which is known throughout China today. As NaVonal China Desk Leader, Tim worked extremely closely with many state-owned and private Chinese investors and companies to facilitate Chinese foreign investment in Australian mining and other assets.

As Hazer’s Chairman, Tim brings many strong relaVonships from the Chinese mining sector, where the majority of syntheVc graphite is produced today, as well as a global network of insVtuVonal investors, brokers, merchant bankers and lawyers.

commercialisaVon trajectory and to work with the management team as we evolve further into an industrial technology business. I look forward to execuVng our vision of supplying global markets with hydrogen and high quality graphite – both criVcal ingredients in the clean energy industry."

As Hazer progresses its technology from the laboratory towards commercial producVon, Tim will also play a key role in prioriVsing and converVng any potenVal commercial opportuniVes, and work towards Hazer’s penetraVon across both the graphite and hydrogen verVcals.

see this appointment as a key step in the growth of the company. We are excited to have secured a Chairman with Tim’s significant global experience, and his relaVonships across capital markets and large corporate clients, in parVcular those in China, will be invaluable to Hazer going forward."

With Tim’s appointment, Rick Hopkins steps down as Chairman and Director of the Company, having played a key role in Hazer’s growth since the company’s incepVon at the University of Western Australia. He leaves with the Company’s best wishes.

CONTACT@HAZERGROUP.COM.AU

WWW.HAZERGROUP.COM.AU

Rick has been an investor in, and board member of, Hazer since its founding in 2010, and has been a key supporter of the technology and driver of the growth in the company over that Vme.”

The key terms of Mr Goldsmith’s director’s remuneraVon are set out in the aeached schedule.

KEY TERMS OF ENGAGEMENT AS A NON-EXECUTIVE DIRECTOR & CHAIRMAN;

Term: Commencing 24 July 2017

CompensaVon:

• A A director’s fee of $60,000 per annum, plus superannuaVon calculated as per the legislaVve minimum;

• B Subject to obtaining shareholder approval:

(i) 1,000,000 opVons over ordinary shares with an exercise price of $0.75 and expiry date of 30 June 2020 and vesVng 6 months aner appointment (Series G),

(ii) 1,250,000 opVons over ordinary shares with an exercise price of $0.95, expiry date of 31 December 2020 and vesVng 12 months aner appointment (Series J) and

(iii) 1,500,000 opVons over ordinary shares with an exercise price of $1.20, expiry date of 31 December 2021 and vesVng 18 months aner appointment (Series K).

VesVng of the opVons is subject to conVnuing to be engaged as a Director of the Company prior to and at the vesVng date

Working hours: As much Vme as is necessary to perform the role as Non ExecuVve Director and Chairman.

[ENDS]

ABOUT HAZER GROUP LTD

Hazer Group Limited (“Hazer” or “The Company”) is an ASX-listed technology development company undertaking the commercialisaCon of the Hazer Process, a low-emission hydrogen and graphite producCon process. The Hazer Process enables the effecCve conversion of natural gas and similar feedstocks, into hydrogen and high quality graphite, using iron ore as a process catalyst.

For further informaCon, investor or media enquires, please contact:

Michael Wills – Hazer Group

Email: mwills@hazergroup.com.au Phone: 0468 385 208

Hazer Group Limited - Social Media Policy

Hazer Group Limited is commiOed to communicaCng with the investment community through all available channels. Whilst ASX remains the prime channel for market sensiCve news, investors and other interested parCes are encouraged to follow Hazer on TwiOer (@hazergroupltd), LinkedIn, Google+ and Youtube.

CONTACT@HAZERGROUP.COM.AU

WWW.HAZERGROUP.COM.AU