Ann: Half Yearly Report and Accounts, page-2

several good takeaways..
- Net Tangible Asset per share $3.05..significant discount to current SP
- wholly owned subsidiary, Cryovation Proprietary Limited....still convinced this will have a big future and significant revenue earner for RLT as will revolutionise cold chain transport and storage when compared to old technologies currently in the market
- Successful completion of the due diligence by the Central Energy Fund (“CEF”) to invest R1.0 billion
for a 10% ownership stake in the Project at financial close...investment at AUD $7.00 per share...shows how ridiculous current SP is trading at
- US$500 million debt retainer letter signed with the US International Development Finance Corporation (“DFC”) for funding of Phase 2 of the Project..significant component of Phase 2 funding
- some good experience to the board - On 4 April 2022 Alex Pickard was appointed as a Non-executive Director of Renergen. Alex Pickard is Vice
President, Corporate Development for Ivanhoe.

Looking foward to both LNG and Helium being operational with hopefully a re adjustment to fair market value given current ridiculous levels