• LPE lodged a Statement of Claim against Harbour Towers Body Corporate in 2024
• Matter has now been satisfactorily resolved in principle on a confidential basis
• LPE expects to recognize a net gain in FY2026 income statements and receive a positive cash inflow

Locality Planning Energy Holdings Ltd (ASX: LPE) has provided an update on the Harbour Towers dispute. In July 2024, LPE lodged a Statement of Claim with the Supreme Court of NSW against the Body Corporate for Harbour Towers Strata Plan 77177 for disputed amounts. LPE has been working to resolve the matter, including engaging in confidential negotiations with the defendant. LPE is pleased to report that the matter has now been satisfactorily resolved in principle between the parties on a confidential basis, subject to finalisation and execution of a deed of settlement. In the previous two consecutive years, the company recognised impairment allowances in respect of this matter. If the deed of settlement is executed, the company expects to (i) recognise a net gain in the FY2026 income statements and (ii) receive a positive cash inflow in line with the agreement, reflecting the favourable resolution of this matter. LPE will continue to keep the market updated.