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Alpha HPA The Manager Companies ASX Limited 20 Bridge Street Sydney NSW 2000 ASX : A4N ASX Announcement 27 July 2021 REPORT ON ACTIVITIES FOR THE QUARTER ENDED 30 JUNE 2021 HIGHLIGHTS PRECURSOR PRODUCTION FACILITY ( PPF ) STRATEGY " Fast - track commercialisation of the Company's two ultra - high purity precursor products Facility to be built on HPA First Project site in Gladstone $ 27M capex fully funded after successful completion of $ 50M placement First production expected in July / August 2022 GLOBAL MARKETING PARTNERS IN PLACE ■ ■ MoU with APL Engineered Materials to market Alpha's products to Japanese and Chinese markets MoU with Technologica to market Alpha's products to Europe ■ MoUs complement existing marketing activities and expand geographical reach PRODUCT MARKETING ACCELERATES ■ ■ Significant additional inbound interest in the Company's precursor products since PPF strategy launch First commercial HPA sales to a German LED phosphor counterparty Additional 93kg of Al - nitrate sales ( Al - precursor # 1 ) 26 product test orders received and / or shipped in the quarter ■ Over 60 test orders despatched in total to over 35 end - users MEMORANDUM OF UNDERSTANDING WITH CLEANCO QUEENSLAND ■ Potential to supply 100 % of the HPA First Project electricity demand with renewable energy Carbon footprint modelling of the HPA First project indicates a 59 % reduction in CO2 emissions over incumbent HPA manufacturing processes HPA FIRST PROJECT WORKSTREAMS ADVANCED ■ ■ Worley awarded the HPA First Project Front End Engineering and Design ( FEED ) and also nominated as preferred ePCM contractor Orica Definitive Agreements scheduled for execution in late July / early August ■ Water supply contract signed with Gladstone Area Water Board ■ Stage 1 of the Lender Engineer's Independent Technical Expert ( ITE ) review completed Commenting on June quarter activities , Managing Director Rimas Kairaitis , said " The quarter has been transformational for Alpha . The Company is now set to enter commercial production via the PPF next year , and is accelerating each of the workstreams on the full scale Project " Alpha HPA Alpha HPA Limited | ABN 79 106 879 690 | Level 2 , 66 Hunter Street Sydney , NSW 2000 Phone : +61 2 9300 3310 | Facsimile : +61 2 9221 6333 | www.alphahpa.com.au