What I could catch from the webinar. Not much of interest here...

What I could catch from the webinar. Not much of interest here

Q1 - Why NAIF loan secured by the State of Queensland? - Federally funded, QLD is the signatory, NAIF is the agent who manages the loan

Q2 - Why the slip in timeline for Hydro? how many weeks? - We do not give weekly or daily updates - Reason is due to non critical path works for cable shaft being pushed back slightly.

Q3 - Bulli creek solar before solar, Why? - Due to high offtake demand and the physical logistics of the project (solar transmission infrastructure will enable battery) - both projects should be connectable at the same time.

Q4 - 15 Million cost ingress due to water ingress, why was this disclosed? no further updates have been required

Q5 - Breakdown of BBP for 1st year of operation? - Very hard to provide this details, going forward will move to towards arbitrage instead of FCAS. Winter should be more volatile then autumn. Reluctant to forecast this. Guided 12-15 mill per year, will stick with this.

Q6 - Why is this new bid compelling when compared to prior bid? Stonepeak and Skip offer July 2023 @ 23c, board rejected. then 25c was offered in Aug, board agreed to DD, said they would recommend at this price. Water ingress did prolong the DD process. SP/Skip ceased negotiations and no binding offer was made.

Re: JPower - Marco environment. non binding Feb offer 24c, announced this was rejected y Board. JPower then offered 27.5 and this was then recommended by board.

Q7 - Offer exclusivity? - Genex unable to solicit offers but can respond to offers.

Q8 - Independent expert reviews when? who? - Has been appointed, not yet disclosed. Will be in the report.

Q9 - Investors have supported the project, why sell now? - The boards role is to consider the interest of all shareholders, cash certainty, price at the time (more non specifics)

Q10 - Jpower know details of NAIF, shareholders do not, why? - Independent expert will have this information when they provide their report. Commercial in confidence, couldn't do business without it. 610m, fixed interest rate (genex average is 3.02%, this loan is a big part of that so...) - look at the slides, have disclosed what they are able to.

Q11 - High interest rates, AUD/US exchange, the impact on projects and prioritising them? - A lot of variables, wholesale revenues. Not confirmed until FID is made.

Q12 - NAIF - drawn down, rates, other stuff? - drawn down monthly (33 times so far) attached to milestones, NAIF is fixed for entire loan term, that's all I can say.