Non-Renounceable Issue

• Accelerated non-renounceable pro rata entitlement offer of 7 New Shares for every 20 existing Shares
• Issue price of $0.004 per New Share to raise up to approximately $3,499,368 (before costs)
• Funds to be used for acquisition, working capital, and offer expenses

Babylon Pump & Power Limited (ACN 009 436 908) has announced an accelerated non-renounceable pro rata entitlement offer of 7 New Shares for every 20 existing Shares held by Eligible Shareholders on the Record Date at an issue price of $0.004 per New Share to raise up to approximately $3,499,368 (before costs). The Offer comprises an accelerated offer to major Shareholder Geoff Lord associated entities and Resource Water Group Pty Ltd to raise approximately $1.08 million. The Company intends to use the funds raised under the Entitlement Offer to: (a) fund the completion cash consideration component of the acquisition of Matrix Hydro Services Pty Ltd; (b) fund general working capital and administrative expenses; and (c) fund the expenses of the Offer. The Offer is non-renounceable, and Entitlements will not be tradeable on ASX or otherwise transferable. Shareholders who do not take up their Entitlement in full will not receive any value in respect of those Entitlements they do not take up.