HAZER GROUP LIMITED — Capital/Financing Update 2025

Jan 19, 2025

Hazer Group Limited (ACN 144 044 600) Level 9, 99 St Georges Tce, WA 6000 PO Box Z5511, St Georges Tce, Perth, WA 6831

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LOWER CARBON GRANT FIRST FUNDING MILESTONE ACHIEVED

PERTH, AUSTRALIA; 20 January 2025 : Hazer Group Limited (“Hazer” or “the Company”) (ASX: HZR) is pleased to advise that it has achieved the first key progress milestone under the Lower Carbon Grant – Gorgon Fund (“LCG”) Financial Assistance Agreement enabling payment of $2.2 million (including GST).

These non-dilutive funds further strengthen Hazer’s near-term liquidity and support the commercial scale-up of Hazer’s novel Western Australian technology.

As previously announced (3 December 2024), Hazer was awarded $6.2 million (excluding GST) of grant funding by the Western Australian Government under the Lower Carbon Grants Program – Gorgon Fund. The LCG was established in 2024 to provide funding for local innovations and projects which support decarbonisation. The program is administered by the Western Australian Government and funded by the Gorgon Joint Venture comprising Australian subsidiaries of Chevron, ExxonMobil, Shell, Osaka Gas, MidOcean Energy, and JERA.

The Company gratefully acknowledges the support of the Western Australian Government and the Gorgon Joint Venture for providing this funding.

This announcement is authorised for release by the Board of the Company.

[ENDS]

For further information or investor enquiries, please contact:

Corporate Enquiries Media enquiries Hazer Group WE Communications – Ana Harrop Email: contact@hazergroup.com.au Email: anah@we-worldwide.com Phone: +61 8 9329 3358 Phone: +61 452 510 255

About Hazer Group Ltd

Hazer Group is an Australian technology company, driving global decarbonisation efforts with the commercialisation of the company’s disruptive world-leading climate-tech. Hazer’s advanced technology enables the production of clean and economically competitive hydrogen and high-quality graphite, using a natural gas (or biogas) feedstock and iron-ore as the process catalyst.

Hazer Group Limited - Social Media Policy

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Forward-looking Statements

This announcement may contain certain "forward-looking statements" which may not have been based solely on historical facts but are based on the Company's current expectations about future events and results.

Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward-looking statements are subject to

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risks, uncertainties, assumptions, and other factors, which could cause actual results to differ materially to futures results expressed, projected, or implied by such forward looking statements.

The Company does not undertake any obligation to release publicly any revisions to any "forward-looking statements" to reflect events or circumstances after the date of this announcement, or to reflect the occurrence of unanticipated events, except as may be required under the applicable securities laws.

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