CERENERGY Battery Project Funding Update

Release Highlights:
• Financing plan and target structure in place
• Funding investment teaser documents and data room established
• Reach out to 10 commercial banks and 2 venture debt funds – all positive interests
• Shortlisting potential lead bank
• Equity Funding – potential sale of minority interest of the project to realize capital and strategic
value
• Discussions and draft term sheets shared with investors
• Offtake agreement LOI signed with ZISP