Ann: FLC successfully raises A$33.1mil to underpin growth plans, page-3

Placement details

Fluence has successfully completed a share Placement to institutional, sophisticated and professional investors, raising A$33.1 million (before costs). The Placement was strongly supported by existing investors as well several new high quality offshore and Australian institutional and sophisticated investors.

The Placement comprised an offer of approximately 89.5 million fully paid ordinary shares (Shares) in Fluence at an issue price of A$0.37 per share. Of this, 45,768,479 shares were issued under ASX Listing Rule 7.1 capacity and 43,686,816 shares were issued under ASX Listing Rule 7.1A capacity.

The issue price represented a discount of 16% to the 15-day VWAP of A$0.44 prior to the trading halt on 26 October 2018.

New shares issued under the Placement will rank equally with the Company’s existing ordinary shares on issue. The Placement of these new shares will be within the Company’s ASX Listing Rule 7.1 and 7.1A capacity available for issue.

Settlement of the Placement is scheduled to take place on Friday 2 November 2018, with allotment and quotation of shares expected to occur on ASX on Monday 5 November 2018.

Fluence was advised by Canaccord Genuity (Australia) Pty Limited as Lead Manager and Bookrunner, Odeon Capital Group LLC on behalf of EAS Advisors LLC as Co- Manager, Lander & Rogers, and Market Eye.