EWI:1. Holdsabout 42% the total EWC shares 2. held position of...

EWI:

1. Holdsabout 42% the total EWC shares

2. held position of Chairman and CEO

3. Providedongoing financial support

4. EWI/Slipfomdebt (750million+) extended to end June 2026 at least

Orchid Group:

1. Holdsabout 18% of total EWC shares

2. Initiallyprovided 2 board members, then withdrew Board representation, followed byprovided 1 board member who then resigned recently.

Forte Group:

1. Holdsjust below 6% of total EWC shares,

2. Provides1 Board members

Orchid and ForteGroup provided strong and unsolicited strong endorsement of EWC position reroject development and execution (ie. EWC has never been that close tocompleting its project) at the 2022 AGM. Since then, Orchid group’srepresentative has resigned from EWC board and at the 2023 AGM expressed deep disappointment with EWC project execution and information flow to shareholders.

Given EWC’stotal financial dependence of the continued financial support until and beyondJune 2026 a new Chairperson and CEO needs to be backed totally by EWI. Areasonable scenario may involve Graham Elliott and Brian Allen as Chair/CEO.

In my opinion the foreshadowed review of executivemanagement and board structure and representation should have, as one its main focus, the building of bridges toOrchid group so that EWI and Orchid Group ‘sing from the same songsheet’. Oncethat is done Orchid group may be invited to nominated 2 Board members to a restructuredBoard.

Comments fromany of the many well informed hc posters would be appreciated.