HyTerra Lowers Cost Base and Simplifies Capital Structure

• Cost base: recurring corporate overhead reduced by 30% on a cash basis
• Board and management: changes now complete, streamlined structure
• Capital structure: proposed 20:1 share consolidation and US ADR program

HyTerra Ltd has implemented a series of corporate initiatives designed to reduce its recurring cost base and is progressing further initiatives to simplify its capital structure and improve access for US investors. The company has reduced its recurring corporate overhead by approximately 30% on a cash basis, excluding the costs of new initiatives introduced over the same period, and by approximately 21% after taking those costs into account. The company is also simplifying its capital structure and improving access for US investors by proposing a 20:1 share consolidation and a sponsored American Depositary Receipt (ADR) program.