Ann: Appendix 4C - quarterly, page-3

Through 2020, Hazer developed a strong relationship with Chiyoda Corporation under a Memorandum of Understanding (MOU) to collaborate on the commercialisation of the Hazer technology in Japan and develop low emission hydrogen production facilities. This relationship provides an excellent platform for engagement with potential Japanese customers. Engagement under the MOU continued during the quarter, and the Company hopes to see this relationship advance to secure Feasibility Studies with potential partners and customers in 2021.The Company's target is to advance one or more selected opportunities, either under collaboration with Chiyoda or via other parties Hazer is actively engaged with, to feasibility study stage in parallel with the CDP'sconstruction and operation. We anticipate the Hazer CDP will provide a strong reference site for future commercial partners, with completing the CDP a major step to demonstrate the scale-up of the Hazer technology and its commercial readiness.