Altech Batteries – Launch of Share Purchase Plan

Release Highlights:

• Altech is delighted to announce the opportunity for eligible shareholders to participate in an equity raising via the launch of its Share Purchase Plan (SPP)
  to raise up to AUD 5M.
• The SPP follows the excellent Definitive Feasibility Study (DFS) for the CERENERGY® project which included an NPV(9) of EUR 169M and free cash flow of EUR 48M p.a.
• The shares issued pursuant to the SPP will be at an issue price of AUD 0.065 per share with one free attaching option for every two shares acquired. The options will be exercisable at AUD 0.08 per share and will expire on 30 April 2026.