HYDROCARBON DYNAMICS LIMITED — Capital/Financing Update 2024

Nov 12, 2024

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13 November 2024

Rights Issue Summary

Hydrocarbon Dynamics Limited’s ( ASX: HCD) (“ HCD ” or “ the Company ”) non-renounceable Rights Issue closed on 8[th] November 2024 raising $808,582 before costs through the issue of 269,527,454 New Shares and 134,763,727 New Options. Shareholders subscriptions were received for 35,925,875 New Shares totalling $107,777.75 with the balance fully underwritten by Peloton Capital Pty Ltd who were appointed as lead manager to the offer.

The Company’s pro rata non-renounceable entitlement offer was for one New Share for every three shares held by Eligible Shareholders at an issue price of 0.3 cents per share and one New Option for every two New Share issued, exercisable at 0.5 cents and expiring on 15 November 2025.

The allotment and issue of the New Shares and New Options under the Offer will occur on Friday, 15 November 2024.

Approved for release by the Chair of the Board.

For further information please contact:

Stephen Mitchell Chairman

Julie Edwards

Company Secretary

Telephone: +61 3 9642 2899 Website: www.hcdinvestor.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