Ann: Appendix 4C - quarterly, page-2

In addition to the positive developments in Canada under our MOU with Suncor Energy Inc and Fortis BC Energy Inc, Hazer is continuing to see strong and sustained interest in our Hazer technology across Europe and Asia.During the quarter, work commenced on a Pre-Feasibility study on the development of a hydrogen production facility based on the Hazer Process technology in France and integration of this technology with an existing LNG import and re-gasification terminal. This study is being carried out with ENGIE SA, a French multinational utility company headquartered in Paris, under the terms of a non-binding Memorandum of Understanding covering collaboration on technical exchange, due diligence and market enquiries.With the normalisation of business travel progressing, Hazer management also undertook our first visit to Japan since the onset of the Covid-19 pandemic in early 2020. Over the last two years, we have continued to work closely with Chiyoda Corporation to grow awareness and interest in the Hazer technology with potential customers in Japan. Interest in the Hazer technology continues to strengthen as a means to reduce emissions in difficult to decarbonise sectors such as utilities, heavy industry, chemical and steel. During the visit, interest was expressed by parties across these sectors, and we continue to consider this a very prospective market for our technology.