• Fluence to convert US $1.8 million of accrued interest into shares
• Conversion price of $0.054 per share, 30-day VWAP
• Issuance of 52,494,189 shares if approved by shareholders

Fluence Corporation Limited (ASX: FLC; 'Fluence' or the 'Company') is pleased to announce that, subject to obtaining shareholder approval, the Company has agreed to convert, approximately US $1.8 million of accrued interest under its US $20.0 million revolving credit facility (the 'Loan') into fully paid ordinary shares of the Company. The conversion will be at a price of $0.054 per share, representing the 30-day VWAP up to the trading day immediately prior to the date of the relevant agreement, which will result in the issuance of 52,494,189 fully paid ordinary shares if approved. The lenders, Nikolaus Oldendorff and Doug Brown, each serve on the Company's Board of Directors, hold significant equity positions and have been long time supporters of the Company's business. The Company will hold an Extraordinary Shareholder General Meeting ('EGM') in October to, among other things, seek shareholder approval for the issuance of such shares in lieu of cash interest payment. It is contemplated that Mr Brown will receive 12,142,142 shares and Mr Oldendorff will receive 40,352,047 shares if approved by shareholders.