Ann: Settlement of Commercial Dispute, page-2

Settlement of Commercial Dispute
Further to the announcement on 28 February 2020, the board of directors of Integrated Green
Energy Solutions Ltd (“IGES” or “the Company”) can now advise regarding its commercial
dispute with a privately owned foreign entity, Mac Wealth Holdings Pte Ltd, the parties are
pleased to confirm that all disputes between them have been resolved on mutually beneficial
terms. The hearing due to occur in 14 April 2020 has now been vacated.
Under the terms of the settlement, there will not be a material impact on the financial results
of IGES. More importantly, IGES is able to meet any and all obligations in this area from its
major funding sources as disclosed in our recent market announcements on 1 April 2020.
About IGES
IGES is focused on creating a cleaner planet for the next generation through the conversion
of end of life plastic into valuable fuels. Plastic used in the process would otherwise be sent to
landfill or be discarded into the environment. The Company has a patented plastic to fuels
process that results in a range of fuels and products, including EN590 (Road Ready Diesel),
EN228 (Road Ready Petrol), Naphtha, Marine fuel and Marine Diesel Oil (MDO). The specific
products we provide from our range are determined by the territory requirements for each
individual site location. The Company believes that utilising its technology will inevitably
reduce the amount of plastic entering the environment. It will also help to develop circular
economies, thereby creating a cleaner planet for the next generation, while bringing value to
shareholders.