SCIDEV LTD — Capital/Financing Update 2021

Mar 10, 2021

Unit 1 8 Turbo Road Kings Park NSW 2148 Australia ABN 25 001 150 849

Email: admin@scidev.com.au Website: www.scidev.com.au ASX code: SDV

Companies Announcements Office Australian Stock Exchange

11th March 2021

SciDev awarded MaxiFlox® sales contract with Société Le Nickel (SLN)

Highlights

• SciDev and SLN have agreed to an eighteen-month MaxiFlox® supply contact for SLN's New Caledonian nickel operations
• Revenue for SciDev is expected to be between US\$0.7-1.0m over the term of the contract
• The contract follows a comprehensive period of evaluation of SciDev's chemistry & OptiFlox® technology on site by SLN and the SciDev technical team

SciDev Limited (ASX:SDV; SciDev, or the Company) is pleased to announce that it has signed a contract for supply of its MaxiFlox chemistry with SLN, a subsidiary of Eramet, the world's number one producer of ferronickel, a key raw material input to the stainless steel market.

The commercial supply will begin in FY21 for SLN's Nepoui and Tiebaghi nickel operations. SciDev progressed through laboratory and field qualifications in early FY21. The Company's MaxiFlox® chemistry and OptiFlox® technology will be used onsite to improve operational efficiency and water use.

Commenting on the contract, SciDev Managing Director and Chief Executive Officer, Lewis Utting said: "The agreement with SLN further extends the presence of SciDev chemistry and services across major mining projects in Oceania. SciDev's technology can add real benefit to our customers processing abilities as well as reducing their environmental footprint. The continued growth of SciDev and our ability to work with and service major mining companies such as SLN highlights the caliber of the SciDev team in executing the technical evaluations through to commercial contracts with our customers."

This release has been approved by the SciDev board.

On behalf of SciDev Ltd

Managing Director & Chief Executive Officer Company Secretary

Lewis Utting Heath Roberts

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For Further Information:

Corporate Investors

Lewis Utting - MD & CEO Craig Sainsbury – Market Eye (+61) 02 9622 5185 0428 550 499

Heath Roberts - Company Secretary craig.sainsbury@marketeye.com.au

About SciDev

SciDev is a leader in the development and application of both chemistry and process control for solidsliquid separation. SciDev brings together world-class technology, chemistry, management and manufacturing capabilities to solve pressing operational and environmental issues for the water, oil and gas, mining and construction markets