Ann: Technology Acquisition Update & Voluntary Suspension Exit, page-8

Capital Management Plan
As outlined, ECT’s planned activities have working capital solutions which can be broadly summarised to include the following:
 43.5% of eligible R&D activities rebateable under the R&D refund scheme and paid via the existing Brevet R&D financing facility. Currently the Brevet facility is capped at $3.6M with a current balance of AUD $1M.
 Government grants including CRC grants, one of which was outlined in the CDP acquisition, which are additional to the government’s R & D rebate. There are a number of applications submitted and the specifics of these will be advised to the market when the outcome is known.
 Repayment of the wholesale loan connected to ECT Finance’s Equity Lending Facility (ELF) loan repayments which recently raised repayments of AUD $1.5M and has raised a total of AUD $2.7M since its inception. The continued use of this option will be supported by price sentiment.
 Securitisation loans – these are loans secured to assets including the ELF loan book and the WTE assets, which are then paid to ECT by ECT Finance via repayment of the wholesale loan. Over AUD $2M has been raised, liability limited to the secured assets and an asset coverage of the loans at over 10 times.
 Equipment and project financiers (like BE Finance and banks) whom are willing to finance steam and boiler packages where ECT acts as the operator supplying fuel to generate steam for the installed equipment.
 Specific project funding solutions like the IM for the Latrobe Valley Coldry project which would seek to raise project capital likely via direct equity investment into the project SPV. This targeted capital raise would be to finance the proposed construction, commissioning and operations of a 170,000- 300,000 tpa Coldry plant capacity and CDP co-located plant. Capital estimates for this plant will be advised to the market as we complete designs for engineering, procurement and construction.