MPR AUSTRALIA LIMITED — Capital/Financing Update 2021

Dec 21, 2021

RESULTS OF SHARE PURCHASE PLAN

Sydney – 22 December 2021 – MPower Group Limited (ASX: MPR)

MPower Group Limited ( MPower or the Company ) advises that the Share Purchase Plan ( SPP ) announced on 22 November 2021 has closed, raising approximately A$173,000. A total of 3,460,000 new fully paid ordinary MPR shares will be issued ( SPP Shares ).

The SPP Shares are expected to be issued on Thursday 23 December 2021 and to commence trading on the ASX on Friday 24 December 2021. Holding statements are expected to be dispatched to applicants on Friday 24 December 2021.

Shares issued under the SPP will rank equally with MPower's existing shares with effect from their date of issue.

Proceeds from the SPP will be used to support the Company’s Build Own Operate strategy and for general working capital purposes.

Ends

Contact

For further information, please contact:

Neil Langridge Company Secretary (02) 8788 4600

This announcement has been authorised by Neil Langridge, Company Secretary.

About MPower

MPower Group Limited (ASX: MPR) is a technology-led company with a long history specialising in the delivery of reliable on-grid and off-grid power solutions for blue chip corporate and government customers. Headquartered in Sydney, MPower's team of professionals has successfully delivered turn-key solar, battery storage and micro grid projects across the region.

Connect with us https://www.linkedin.com/company/mpower-australia https://twitter.com/MPowerGroupLtd

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