Ann: Full Year Statutory Accounts, page-3

Following discussions during the period, we announced after the period, a non-binding MOU with a significant AI-focused
data centre company to develop AI-focused data centres with natural gas-fired power plants incorporating CC-CCUS.
Completing a formal agreement is anticipated to secure non-dilutive project funding for project security payments as well as
long-term PPAs for each project that will enhance the viability for project debt and equity funders.

During the period the Company continued its engagement with PwC Corporate finance and other advisory firms with
respect to securing investment into KDP in order to finance near term project development needs. The Company
anticipates that such investment will be achieved through Kalina’s interest in KDP being diluted.

The Company’s technology arm has not received the focus we would prefer during the period as we have carefully prioritised
our financial resources to advance our Alberta power-CCS projects. In the meantime, we have a number of enquiries including
one from a major international engineering firm relating to a ~4 MW KALiNA cycle plant which we will qualify in coming months.
Once we have secured adequate funding at the KDP level, we intend to increase KPO’s focus on fostering relationships with
various supply chain partners such as Baker Hughes in support of various project opportunities and new applications being
considered by our Company.


Nice to see the Kalina Cycle is still attracting some interest.