SCIDEV LTD — Capital/Financing Update 2021

Feb 25, 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

26 February 2021

SciDev extends relationship with ExxonMobil

Highlights

• SciDev has signed a purchase order with ExxonMobil for the provision of chemical and professional services with an approximate value of USD$0.5m
• The new purchase order is an extension of the work SciDev, through its US based subsidiary, Highland Fluid Technology Inc. (HFT), conducted with ExxonMobil in 2020
• HFT facilities and professional services have been contracted to formulate a lightweight drilling fluid to be utilised in the field, with Highland Fluid's patent pending TrueMud™ technology to be used by ExxonMobil on a large-scale international operation

SciDev Limited (ASX:SDV; SciDev, or the Company) is pleased to announced that its US subsidiary Highland Fluid Technology Inc. (HFT) has received a purchase order from ExxonMobil. The purchase order is an extension of work conducted by HFT with ExxonMobil in 2020 and sees HFT facilities and professional services contracted to formulate a lightweight drilling fluid to include HFT's TrueMud™ mixer. The HFT patent pending technology will be part of the infield application at one of ExxonMobil's international projects.

The new purchase order from ExxonMobil is for approximately US$0.5m of product and associated professional services and will be over a one-year term.

Commenting on the extension, Kevin Smith President of Highland Fluid Technology said: "The provision of HFT's professional services and application knowhow direct to a large-scale end user validates our strategy to support service, exploration and production companies directly. Working with an end customer such as ExxonMobil on a large-scale oil & gas project positions HFT as a growing leader in the in the provision of fluid technology within the energy sector."

This release has been approved by the SciDev board.

On behalf of SciDev Ltd

Managing Director and CEO Company Secretary

Lewis Utting Heath Roberts

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For Further Information:

Corporate Investors

Lewis Utting - Managing Director & CEO Craig Sainsbury – Market Eye

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

(+61) 02 9622 5185 0428 550 499

About SciDev

SciDev is a leader in the development and application of services, chemistry and process control for solids-liquid separation. SciDev brings together world-class technology, chemistry, management and manufacturing capabilities to solve pressing operational and environmental issues for the Mining, Water Treatment, Oil & Gas and Construction markets.