Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-3

1) James Harding:

Future generation and storage opportunities with J-power:
"We look forward to working closely with J-POWER through the construction of the Kidston Pumped Storage Hydro
Project, the ongoing development of the Kidston Wind project, and future renewable energy and storage project opportunities" - James Harding

Update on battery and wind soon?:
"I look forward to updating the market in the coming period on the progress of our Bouldercombe Battery
project and Kidston Wind project." - James Harding

2) Operational Update:

• KS1 generating nicely

• Pumped hydro on the way.

Jemalong:
• Practical Completion at the Jemalong Solar Project (JSP) was claimed by the EPC Contractor, Beon, and the project is now fully operational
- We know was fully commissioned in June 2021 so will provide more revenue FY22
- KS1 produced $4.2 million for the quarter therefore the total revenue from Jemalong is up to ~$360,000 for the quarter.

Battery:
• During the period, significant progress was made with respect to the revenue support and financing workstreams, as well as the BESS supply and construction contracting arrangements. - We know from presentations Genex is talking offtake arrangements, Telsa supply arrangement has been finalised and Genex still intends to have a JV partner. IMO good chance it could be J-power.

• Grid connection studies are well progressed with an Offer to Connect expected to be received in Q2 FY2022;
• Genex expects to reach financial close for the BBP in Q2 FY2022 with the BESS scheduled to be fully operational in H1 FY2023
- So we are expecting the 'offer to connect' from Powerlink, financial close and commencement of construction sometime between October and December 2021.


Wind
• Alongside its joint venture partner, J-POWER, Genex continues to advance the early stage of works associated with K3-Wind including modelling the wind resource at a number of sites at the Kidston renewable energy hub.
• Anticipated that the project will connect into the new 275kV transmission line being constructed by Powerlink Queensland for the K2-Hydro, which is expected to be completed in 2024.


3) Corporate Update:• cash at bank of $49.7M as at 30 June 2021
• Mr Kenichi Seshimo was appointed as a Director of the Company effective 18 May 2021