Ann: Magnis Energy Technologies appoints Managing Director, page-13

Magnis Chairman, Frank Poullas said:

“Magnis is entering into an extensive growth phase and it’s great tohave Marc as Managing Director. His experience in running complex projects with thousands of employees insome of the most difficult jurisdictions, for some of the largest companies, will be critical and of significantimportance to the Company moving forward.”

 “The name change to Magnis Energy Technologies better reflects Magnis’ business activities and the greatprogress being made on our projects. As a Company, I believe we should be very excited for the future as wework towards becoming one of the largest players in the lithium-ion battery sector.”

Incoming Managing Director, Marc Vogts said:

“There is something really special building at Magnis, and wecan play a major role in making a difference in the world. I believe I can leverage off my project experience, toset up New York and Townsville for success and to provide input into the investment decisions around Nachu.I’m very excited to be taking on a more active role in the Company.”

Let's now wait for the market to absorb what is truly building.

K