MPR AUSTRALIA LIMITED — Capital/Financing Update 2021

Mar 15, 2021

GRID CONNECTION ACHIEVED AT SOUTH HUMMOCKS SOLAR FARM

Sydney – 16 March 2021 – MPower Group Limited (ASX: MPR)

MPower, Australia’s leading specialist renewable energy, battery storage and microgrid business, is pleased to announce it has successfully connected a 5MWac solar project at South Hummocks in South Australia to the national electricity grid.

Chief Executive Officer Nathan Wise commented: “It’s great to see MPower achieve another successful milestone on a 5MW solar project. The successful delivery of renewable energy projects highlights MPower’s capability and dependability bringing projects of this size to market, on time and to budget.”

Grid connection, including first energisation of the solar farm, follows the commissioning phase that started last month. The project is expected to reach commercial operations in the coming weeks, being the start of when the project is capable of exporting power at full capacity to the grid.

MPower commenced the design and construction of the South Hummocks solar project, together with another 5MWac project at Kadina in South Australia last year after executing contracts with Astronergy worth a combined value of approximately $9 million.

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Image: Grid connection of the 5MWac solar farm at South Hummocks, South Australia MPower’s expertise in the planning, construction, commissioning and maintenance of 5MWac solar projects is at the core of the Company’s developing Build Own Operate strategy to create an initial portfolio of up to 20 renewable energy assets with an aggregate capacity of around 100MWac. The portfolio of renewable energy assets across several Australian states would have an estimated value of more than $150 million once fully constructed and operational.

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In addition to developing its Build Own Operate strategy, MPower has an active pipeline of new project opportunities in the tendering phase which, together with recurring service and maintenance work, underpins the Company’s future growth.

“As today’s successful connection confirms, 5MWac renewable energy projects are MPower’s sweet spot and we are well advanced with our plans to secure options over new project sites in order to progress our Build Own Operate strategy,” Nathan Wise added.

Ends

Contact

For further information, please contact:

Nathan Wise Ben Jarvis Chief Executive Officer Six Degrees Investor Relations (02) 8788 4600 0413 150 448

This announcement has been authorised by Nathan Wise, Chief Executive Officer.

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.

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