Ann: November operational update, page-2

OPERATIONAL UPDATE
MONTHLY BILLING INCREASES 10.2% IN NOVEMBER

•   An additional 5.98GWh has commenced billing in the month of November 2016.
  
  
•   LPE is billing 64.6GWh, an increase from 58.62GWh at 31 October 2016, representing a 10.2% increase during the
  month.
  
  
•   Attributed to developer growth which has increased the average contract length to 6.9 years.
  
  
•   Continual operational progress driven by strong pipeline conversions.
  
  Locality Planning Energy Holdings Limited (ASX: LPE) (the Company) is pleased to inform shareholders of an additional 5.98GWh in billing contracts under management through the month of November, representing a 10.2% increase over the previous month.
  
  November to January has the seasonal effect of lowering conversions due to higher occupancy rates over the holiday period, particularly to communities of the Sunshine Coast and Gold Coast. A larger number of new Development sites are coming on-line to settle and occupy prior to the commencement of the Festive Season. LPE has proven to be a valuable asset to holiday communities as the consumption rates are higher through this period. Our embedded network solution reduces electricity costs, increasing returns for holiday investment properties.
  
  LPE continues to grow communities Under Contract (UC) at a rate that is exceeding the Under Management (UM) which ensures consistent revenue growth into 2017.
  
  Ends