Announcement PDF Appendix 3B - Proposed issue of securities Announcement Summary Entity name ENERGY TECHNOLOGIES LIMITED Announcement Type New announcement Date of this announcement 12/9/2024 The Proposed issue is: A standard pro rata issue (including non-renounceable or renounceable) Total number of +securities proposed to be issued for a standard pro rata issue (including non-renounceable or renounceable) ASX +security code +Security description EGY ORDINARY FULLY PAID Maximum Number of +securities to be issued 422,074,788 Ex date 16/9/2024 +Record date 17/9/2024 Offer closing date 2/10/2024 Issue date 9/10/2024 Refer to next page for full details of the announcement Appendix 3B - Proposed issue of securities 1/6 Appendix 3B - Proposed issue of securities Part 1 - Entity and announcement details 1.1 Name of +Entity ENERGY TECHNOLOGIES LIMITED We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules. If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation). 1.2 Registered Number Type Registration Number ABN 38002679469 1.3 ASX issuer code EGY 1.4 The announcement is New announcement 1.5 Date of this announcement 12/9/2024 1.6 The Proposed issue is: A standard +pro rata issue (non-renounceable or renounceable) 1.6a The proposed standard +pro rata issue is: + Non-renounceable Appendix 3B - Proposed issue of securities 2/6 Appendix 3B - Proposed issue of securities Part 3 - Details of proposed entitlement offer issue Part 3A - Conditions 3A.1 Do any external approvals need to be obtained or other conditions satisfied before the entitlement offer can proceed on an unconditional basis? No Part 3B - Offer details +Class or classes of +securities that will participate in the proposed issue and +class or classes of +securities proposed to be issued ASX +security code and description EGY : ORDINARY FULLY PAID Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Existing class Will the proposed issue of this +security include an offer of attaching +securities? No If the entity has quoted company options, do the terms entitle option holders to participate on exercise? No Details of +securities proposed to be issued ASX +security code and description EGY : ORDINARY FULLY PAID ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them) ISIN Code for the entitlement or right to participate in a non-renounceable issue (if Issuer is foreign company and +securities do not have +CDIs issued over them) Offer ratio (ratio to existing holdings at which the proposed +securities will be issued) The quantity of additional +securities For a given quantity of +securities to be issued held 1 Appendix 3B - Proposed issue of securities 1 3/6 Appendix 3B - Proposed issue of securities What will be done with fractional entitlements? Maximum number of +securities proposed to be issued (subject to rounding) Fractions rounded up to the next whole number 422,074,788 Offer price details for retail security holders In what currency will the offer be made? What is the offer price per +security for the retail offer? AUD - Australian Dollar AUD 0.03000 Oversubscription & Scale back details Will individual +security holders be permitted to apply for more than their entitlement (i.e. to over-subscribe)? Yes Describe the limits on over-subscription The allocation of additional shares will be subject to the availability of additional new shares and the Company's absolute discretion. The Directors intend to allow the Lead Manager to place any additional new shares under a shortfall in its absolute discretion within 3 months in accordance with ASX Listing Rule 7.2, Exception 3. Will a scale back be applied if the offer is over-subscribed? Yes Describe the scale back arrangements At Directors discretion Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Part 3C - Timetable 3C.1 +Record date 17/9/2024 3C.2 Ex date 16/9/2024 3C.4 Record date 17/9/2024 3C.5 Date on which offer documents will be sent to +security holders entitled to participate in the +pro rata issue 20/9/2024 3C.6 Offer closing date Appendix 3B - Proposed issue of securities 4/6 Appendix 3B - Proposed issue of securities 3C.6 Offer closing date 2/10/2024 3C.7 Last day to extend the offer closing date 27/9/2024 3C.9 Trading in new +securities commences on a deferred settlement basis 3/10/2024 3C.11 +Issue date and last day for entity to announce results of +pro rata issue 9/10/2024 3C.12 Date trading starts on a normal T+2 basis 10/10/2024 3C.13 First settlement date of trades conducted on a +deferred settlement basis and on a normal T+2 basis 14/10/2024 Part 3E - Fees and expenses 3E.1 Will there be a lead manager or broker to the proposed offer? Yes 3E.1a Who is the lead manager/broker? Shaw and Partners 3E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker? A management fee of 2.0% and a distribution fee of 3.5% of the proceeds from the offer (excluding GST) 3E.2 Is the proposed offer to be underwritten? No 3E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission? No 3E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed offer Part 3F - Further Information 3F.1 The purpose(s) for which the entity intends to use the cash raised by the proposed issue For the Companys business development activities, working capital and corporate activities, as well as to expand the sales division, debt reduction and funds will also be applied to the costs of undertaking the Offer 3F.2 Will holdings on different registers or subregisters be aggregated for the purposes of determining entitlements to the issue? No 3F.3 Will the entity be changing its dividend/distribution policy if the proposed issue is successful? No 3F.4 Countries in which the entity has +security holders who will not be eligible to participate in the proposed Appendix 3B - Proposed issue of securities 5/6 Appendix 3B - Proposed issue of securities 3F.4 Countries in which the entity has +security holders who will not be eligible to participate in the proposed issue The Offer is not being made to any investor outside of Australia and New Zealand (except for certain shareholders in the United Kingdom) 3F.5 Will the offer be made to eligible beneficiaries on whose behalf eligible nominees or custodians hold existing +securities No 3F.6 URL on the entity's website where investors can download information about the proposed issue 3F.7 Any other information the entity wishes to provide about the proposed issue Refer to investor presentation 3F.8 Will the offer of rights under the rights issue be made under a +disclosure document or product disclosure statement under Chapter 6D or Part 7.9 of the Corporations Act (as applicable)? No 3F.9 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f) Appendix 3B - Proposed issue of securities 6/6