PHOSLOCK ENVIRONMENTAL TECHNOLOGIES LIMITED — AGM Information 2021

May 24, 2021

Welcome to the Annual General Meeting 2 5 M A Y 2 0 2 1

Driving sustainable growth

World leaders in water remediation

Disclaimer

Statements contained in this presentation, particularly those regarding possible or assumed future performance, estimated company earnings, potential growth of the company, industry growth or other trend projections are or may be forward looking statements. Such statements relate to future events and expectations and therefore involve unknown risks and uncertainties. Actual results may differ materially from those expressed or implied by these forward looking statements.

Mr Laurence Freedman AM A N N U A L G E N E RA LM E E T I N G 2 0 2 1 Retiring Chairman

4A N N U A L G E N E R A L M E E T I N G 2 0 2 1 Online attendees: Voting process

Proxies before meeting

Securities On IssueValid Securities Voted (For, Against, Open Usable, Open Conditional)Valid Securities Voted (%)Total Securityholders Cast				625,000,50961,841,333	9.89379
Resolution		For	Against	OpenBoard	Open
	Voted%	18,354,82329.68	32,368,85752.34	4,635,9237.50	6,481,73010.48

Proxies before meeting
Securities On IssueValid Securities Voted (For, Against, Open Usable, Open Conditional)Valid Securities Voted (%)Total Securityholders Cast				625,000,50961,841,333	9.89379
Resolution		For	Against	OpenBoard	OpenNon-Board	Abstain	Excluded
1Remuneration Report	Voted%% of all securities	18,354,82329.682.94	32,368,85752.345.18	4,635,9237.500.74	6,481,73010.481.04	5,904,968N/A0.94	106,465,922N/A17.03
2Elect Mr Barry Sechos	Voted%% of all securities	95,505,70555.4915.28	65,422,49438.0110.47	4,699,2192.730.75	6,481,7303.771.04	2,103,075N/A0.34	0N/A0.00
3Elect Mr Robert Prosser	Voted%% of all securities	103,726,92161.2216.60	54,489,22032.168.72	4,719,2192.790.76	6,481,7303.831.04	4,795,133N/A0.77	0N/A0.00
4Elect Mr David Krasnostein	Voted%% of all securities	103,728,51761.2316.60	54,489,72032.168.72	4,715,9232.780.75	6,481,7303.831.04	4,796,333N/A0.77	0N/A0.00
5Appointment of Auditor	Voted%% of all securities	109,025,20663.1617.44	52,407,57030.368.39	4,695,9232.720.75	6,481,7303.761.04	1,601,794N/A0.26	0N/A0.00
6Adopt New Constitution	Voted%% of all securities	112,583,45065.3118.01	48,585,27728.197.77	4,715,9232.740.75	6,481,7303.761.04	1,840,873N/A0.29	0N/A0.00

Mr Laurence Freedman AM A N N U A L G E N E RA LM E E T I N G 2 0 2 1 Retiring Chairman

Mr Lachlan McKinnon A N N U A L G E N E R A L M E E T I N G 2 0 2 1 Managing Director / CEO

Initial focus

Address issues in China

Responding to the challenges of the COVID-19 pandemic

A sustainable growth plan for long term shareholder value

Confidence basis

9A N N U A L G E N E R A L M E E T I N G 2 0 2 1 Clear competitive advantage Large and growing market opportunity

Diversification strategy

Resetting our China business

Our growth strategy

Current projects and operations

China reset

Thorough and independent investigation of all matters

Additional legal, forensic accounting and business advisory / support resources retained

Independent market review

11A N N U A L G E N E R A L M E E T I N G 2 0 2 1 Our Response Comprehensive review of financial reporting procedures, delegated authority policies and general risk management framework

Restructure of China operations, with new appointees in key leadership roles

PET is building a platform of sustainable and profitable growth by expanding market access across multiple geographies and products

Focused expansion into targeted markets

Segmenting our markets to identify new and additional opportunities

Securing partnerships that meet shared objectives

Investing in technology improvements and new products

Optimising our manufacturing processes and costs

Structure, processes and Governance

Current business 2021

COVID-19 impacts have been material, but

Diversification strategy implementation, with multiple contracted applications, trials and prospective projects in 11 countries

Canada

Finalising regulatory approval

Projects ready to commence in Quebec and Ontario

Discussions with several other provinces

USA

Projects agreed for City of Orlando and Lady Bird Lake in Texas

Successful trial work in several States, including Washington and Michigan

Numerous prospective opportunities including California, Indiana, Minnesota, Ohio and Utah

Current activity

Europe

Contracted projects in place and progressing

Several projects complete in Netherlands and Germany

New projects about to commence in Denmark, Finland and Norway

China

12 projects underway in various provinces

South America

Several contracted projects underway

Projects commenced at

Pampulha and Rio de Janeiro Ongoing applications in Bahia state and Rio Grande do Sul

Potential distribution partner on track for Uruguay

Australia & NZ

Trial work and prospective projects progressing well

ASX relisting

Timing impacted by 2020 and 2021 audit and other matters

• Corporate governance requirements
• Board make-up and renewal
• Conclusion of investigations
• Financial outlook
• Operational improvements and strategic initiatives

Very high priority for PET Board and Management

Phoslock technology has a clear competitive advantage and a successful track record of remediation treatments around the world

The target market for Phoslock technology is substantial and continues to grow

The Company is pursuing a strategy of focused geographic and market segment diversification

Decisive steps taken to address China fraud issues and improve systems and governance at a global level

PET is positioned for sustainable and profitable growth over coming years

Mr Laurence Freedman AM A N N U A L G E N E RA LM E E T I N G 2 0 2 1 Retiring Chairman

Mr David Krasnostein AM A N N U A L G E N E R A L M E E T I N G 2 0 2 1 Incoming Chairman

Thank you for joining the Annual General Meeting 2 5 M A Y 2 0 2 1

Driving sustainable growth

World leaders in water remediation