Westpac $20M NSW1 - Non-Binding Financing Agreement

• Delorean secures non-binding $20M financing from Westpac for NSW1 project
• Westpac financing terms more favorable than existing SA1 project
• NSW1 to be 100% owned and operated by Delorean under a 25-year lease
• Financial close targeted for 18 November 2026, construction in December 2026
• Project aims to reduce Brickworks' Scope 1 emissions by approximately 38%

Delorean Corporation Ltd has announced a non-binding agreement with Westpac Banking Corporation for project financing of $20 million to support the construction of the NSW1 Horsley Park Bioenergy Project. The proposed Westpac asset finance and trade facilities will be used to fund the acquisition of capital plant and equipment for the project. The project is expected to reduce Brickworks' Scope 1 emissions by approximately 38%. The NSW1 project has already secured $20 million from the NSW Government and $10.5 million from the Australian Renewable Energy Agency. Together, these funding sources represent $50.5 million of the total project's $62.1 million cost. Delorean and Brickworks have agreed that the financial close timeframe for NSW1 is 18 November 2026, allowing time to finalize the $20 million Westpac financing facilities and the remaining funding arrangements.