• Firm commitments received to raise $1.96M via placement at $0.02
• Strong support from existing and new sophisticated/institutional investors
• Proceeds to fund continued capital restructuring and reduce debt reliance

Energy Technologies Limited (ASX: EGY) is pleased to announce that it has received firm commitments to raise $1.96 million before costs through a placement of 98,246,500 fully paid ordinary shares at an issue price of $0.02 per share. The placement was undertaken with existing and new sophisticated and institutional investors. The issue price represents a 20% discount to the last closing price of $0.025 on 4 May 2026. The capital raising will comprise a placement of 98,246,500 fully paid ordinary shares, with 74,992,883 shares to be issued under ASX Listing Rule 7.1 and the remaining 23,253,617 shares to be issued under ASX Listing Rule 7.1A. Following the settlement of the placement, the company will have 598,199,059 fully paid shares on issue. The funds raised will be applied towards general working capital to fund the continued capital restructuring of the company by reducing debt reliance, as well as the costs of the capital raising. The company has received strong support from its existing shareholders, as well as new sophisticated and institutional investors, including Shaw and Partners, Powerhouse Ventures and Equitable Investors.