Ann: MNS Receives Funding Proposal from US Fund, page-6

Magnis Receives Funding Proposal fromUS Fund• Magnis receives A$25 million (with the potential for the provision of anadditional A$25 million) binding Funding Proposal from SBC GlobalInvestment Fund• Funding Proposal to be structured as an equity-linked “pre-paid” sharesubscription facility agreement with the provision of the first A$25 millionpre-payment by SBC subject only to customary conditions1• The Funding Proposal follows the recent announcement by Magnis of abinding offtake agreement with a tier-1 OEM to supply 17,500 tonnes perannum of AAM over a minimum term of 3 yearsMagnis Energy Technologies Ltd (“Magnis”, or the “Company”) (ASX: MNS; OTCQX:MNSEF; FSE: U1P) is pleased to announce that it has received a binding fundingproposal from US-based SBC Global Investment Fund2 (“SBC”) under which theCompany expects to be able to raise up to A$50 million (Funding Proposal). TheFunding Proposal will be structured as an equity-linked pre-paid share subscriptionfacility agreement the material terms of which are set out in the Schedule to thisannouncement (Pre-Payment Subscription Facility3)