HYDROCARBON DYNAMICS LIMITED — Capital/Financing Update 2020

Apr 29, 2020

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30 April 2020

Rights Issue Successfully Completed

Hydrocarbon Dynamics Limited ( ASX: HCD) (“ HCD ” or “ the Company ”) reports strong support from shareholders for its recently closed Rights Issue receiving a 69% take up of the shares on offer for a total of 39,053,704 New Shares raising $585,806. When combined with the underwritten component the offer is fully subscribed with underwriters contributing $260,431. Total raised is $846,237 for a total of 56,415,808 new shares.

The Company’s pro rata non-renounceable entitlement offer was for one New Share for every five shares held by Eligible Shareholders at an issue price of $0.015 per share which closed at 5:00pm EST on 28 April 2020.

The allotment and issue of the New Shares under the Offer will occur on Monday, 4 May 2020. It is anticipated that normal trading of the New Shares will commence on Tuesday, 5 May 2020.

The Board of Directors wishes to thank shareholders for their support.

For further information please contact:

Stephen Mitchell Chairman

Julie Edwards

Company Secretary

Telephone: +61 3 9642 2899

Website: www.hydrocarbondynamics.com ASX code: HCD

ABN: 75 117 387 354 Tel: +61 3 9642 2899 | Fax: +61 3 9642 5177 Level 6, 412 Collins Street, Melbourne VIC 3000 Australia