Secured $3.2 million via Structured Loan Notes at a Premium

• Convertible notes issued are convertible into fully paid ordinary shares of State Gas Limited. • In addition to the $3.2 million raised, Directors convert $0.5 million of their debt into Convertible notes, reinforcing their confidence in the Company and paving the way for a simplified balance sheet. • Funds raised from new and existing sophisticated and professional investors • Provides funding