Ann: FY 2021 Business Review and Strategic Outlook Webinar, page-2

I have submitted the following question with my registration ( you can get more details by going to the "PET in Perspective" thread):

On August 4th last year(over 7 months ago) I raised a concern with management throughPhoslock's Investor Relations contact Greg Slade about theintroduction of the Eutrosorb product line by SePRO using its versionof our lanthanum-modified bentonite adsorption technology, and theobvious direct competition with Phoslock. I advised you on thecompeting nature of these products with ZEEP, and on the probabilitythat SePRO would further develop their product line towards theremoval of phosphorus from water columns in direct competition toPhoslock, using what is essentially our technology. I did not get asatisfactory response to this concern as promised at the thenupcoming Investor Business Update webinar on August 31, 2021.

As I forecast, SePRO has proceeded tolaunch their product line in addition to Eutrosorb, now withEutrosorb WC ( water column phosphorus inactivation), and withEutrosorbs G and SI soon to follow(https://sepro.com/Aquatics/Products). These products are being actively promoted by other distributors/restoration companies - eg Terry McNabb of Aquatechnex in the latestWALPA newsletter(https://www.walpa.org/waterline/march-2022/a-new-approach-to-managing-harmful-algae-blooms/).

This is hugely concerning and itappears to me that, at the very least, Phoslock's US business isbeing actively taken from us by SePRO through these products.

Please update the shareholders on thissituation and on what PET Management and Directors are doing toprotect and grow our business in response to this competitive threat.Specifically, what is our current business relationship with SePROand are they stealing our technology.

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Please note that, if you are submitting questions, the email address to use that is included in the ASX release appears to be incorrectly formatted ( full stop at end causes error; when I omit this the email is sent..... somewhere!)

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