Page 1

HazerGroup Local Technology for Global Markets Hazer Group Limited ( ACN 144 044 600 ) Level 9 , 99 St Georges Tce , WA 6000 PO Box Z5511 , St Georges Tce , Perth , WA 6831 APPENDIX 4C - 30 SEPTEMBER 2021 QUARTERLY ACTIVITIES & CASHFLOW REPORT Highlights : • Progressed engineering , fabrication , and construction of Hazer Commercial Demonstration Plant Project . • • • • Hazer CDP schedule revised due to delays related to fabrication and supply of specialist high - temperature materials ; commissioning of the Hazer CDP is now anticipated to occur in 1Q 2022 . Site civil preparation and civil construction works completed ; mechanical , instrument and electrical works commenced . Strong financial position with cash reserves of $ 27.3 million as at 30 September 2021. Balance sheet strengthened through completion of $ 7 million placement to sophisticated and institutional investors during the quarter , and subsequent to the end of the quarter , completion of a $ 7 million Share Purchase Plan . FY21 R & D tax incentive relating to FY21 was received from the Australian Taxation Office on 5 October 2021 for a sum of $ 1,326,917 ; proceeds were used for repayment against Mitchell Asset Management Senior Secured Loan Facility . Engineering studies to progress development of larger first - generation commercial Hazer facilities progressed with Chiyoda Corporation and other specialist engineering providers . Discussions with potential international collaboration partners remain ongoing . PERTH , AUSTRALIA ; 18 October 2021 : Hazer Group Ltd ( " Hazer " or " the Company " ) ( ASX : HZR ) lodges the following activity update and attached Appendix 4C Quarterly Cashflow Report for the three - month period ended 30 September 2021 . Key activities undertaken during the quarter are outlined below : Commercial Demonstration Plant update A key focus of the Company's activities continues to be the execution of the Hazer Commercial Development Project ( " CDP " or " Project " ) . Successful execution of the CDP demonstrating Hazer's technology scale - up represents the key next step in fully commercialising the Hazer Process . The CDP is a 100 tons per annum , low - emission hydrogen production facility that will be the first larger scale , fully integrated deployment of the Hazer Process . The CDP is located at the Water Corporation's Woodman Point waste - water treatment plant in Western Australia and uses biogas produced at the treatment plant as feedstock to produce renewable , low emission hydrogen and graphite . Civil construction activities have progressed well , with deep foundations , trenching and main underground cabling activities completed . Mechanical construction has begun with the commencement of work on the pipe racks and main steel structure and installation of equipment related to the Biogas Pre - Treatment Unit ( CO2 removal unit ) . Fabrication of process modules and equipment items progressed at vendor sites , with many packages now either completed and received into storage , or completed and being held at vendor sites until required on sites . Key equipment packages that have been completed include ; Biogas Pre - treatment Unit , Compression Equipment ( Process and Recycle Compressors ) , Cyclone and Filter Package , Graphite Screw Conveyors , Process Conveyors , Gas Chromatograph and Analysers , flare packages and catalyst lift crane . Transformer equipment required for the grid connection has been secured and the installation schedule agreed with Western Power . WWW.HAZERGROUP.COM.AU CONTACT@HAZERGROUP.COM.AU 1