CLASS ACTION, page-73

2 August 2019 ASX:

IGE Increased Financing Flexibility.
Grimsby Completion Date Set

• New Loan Facility Established in Netherlands

• SGC Terms Renegotiated to Increase Flexibility

• SGC Funding schedule confirmed

• Grimsby Completion Date Set: 30 September 2019

New Banking Relationship and Loan Facility Established with Rabobank

Integrated Green Energy Solutions Ltd (“IGES” or “the Company”
has negotiated a new loan facility with a major European financial institution: Rabobank.

The €18 million loan facility has been negotiated with the support of the STX Group and has a 10-year term and an interest rate of 4.25%.
This loan facility is specific to the operations of the Amsterdam plant and Rabobank have advised that they are looking to finance IGES’s plants in other European countries as well as provide other banking services, including practical support in terms of commodity price risk and foreign exchange risk.