Envirosuite : raises A$10.5 million to accelerate EVS Water

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ASX RELEASE

3 December 2021

Envirosuite raises A$10.5 million to accelerate EVS Water

KEY HIGHLIGHTS

• Placement attracted strong demand from both existing and new institutional investors
• Funding will be used to accelerate Envirosuite's investment into growing sales in the high-margin EVS Water business to support accelerated incremental growth in the next 12 months
• The Placement raised ~ A$10.5 million at an Offer Price of A$0.20 per New Share

Envirosuite Limited (ASX:EVS) ("Envirosuite" or the "Company") is pleased to announce the successful completion of an institutional placement ("Placement") of new ordinary shares in Envirosuite ("New Shares") to expedite the growth of the EVS Water business.

Wilsons Corporate Finance Limited and Bell Potter Securities Limited acted as Joint Lead Managers to the Placement.

The Placement closed on Thursday, 2 December 2021, raising approximately A$10.5 million. The Offer Price was A$0.20 per New Share.

Proceeds of the Placement, will fund plans to accelerate Envirosuite's investment into growing incremental sales in the high-margin EVS Water business to support its growth in the next 12 months. With strong market interest and validation of the EVS Water portfolio, with clients such as Water Corporation, a desalination plant in Asia and the recently announced GHD strategic agreements, the raising will support:

• Investment into further growing the direct sales team focusing on the Optimiser and SeweX products
• Additional product and technical roles to support growth and future development requirements
• Creation of further strategic partnerships to support implementation and success for this portfolio.

1	Envirosuite Limited	(ASX: EVS) ACN: 122 919 948
	Suite 1, Level 10, 157 Walker St	www.envirosuite.com
	North Sydney NSW 2060	Phone: [phone]

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Envirosuite Chief Executive Officer, Jason Cooper, said:

"This capital raising is about growth. The EVS Water business is on the cusp of a tremendous market opportunity as the benefits from our Environmental Intelligence technology platform are recognised more and more by Governments and corporates seeking to improve the well-being of their citizens and customers, and by key global industry service providers like GHD who recognise the benefits of our products. We are tooling up to meet that opportunity.

That we have been able to raise capital in a highly sought-after Placement at a materially superior price than the previous tranche of growth funding is indicative of the trajectory of the business and investors' appreciation of the opportunity that lies before us".

The Placement comprised the issue of approximately 52.3 million New Shares. The New Shares subscribed for under the Placement are expected to settle on Friday, 10 December 2021, with allotment and normal trading on ASX to commence on Monday, 13 December 2021. New Shares issued under the Placement will rank equally with existing Envirosuite shares on issue. The Placement was undertaken within EVS' existing placement capacity under ASX Listing Rule 7.1.

Further Information:

Further details of the Placement are set out in the Investor Presentation lodged on ASX on Friday, 3 December 2021. The Investor Presentation contains important information including key risks and foreign offer restrictions with respect to the Placement. For other questions, you should consult your broker, solicitor, accountant, tax adviser, financial adviser, or other professional adviser.

[e-mail] or visit

www.envirosuite.com

Authorised By:

Rachel Ormiston

General Counsel and Company Secretary

2	Envirosuite Limited	(ASX: EVS) ACN: 122 919 948
	Suite 1, Level 10, 157 Walker St	www.envirosuite.com
	North Sydney NSW 2060	Phone: [phone]

For personal use only

ABOUT EVS WATER

EVS Water comprises three products: EVS Water Plant Optimiser, EVS Water Plant Designer and SeweX. EVS Water products are designed to make complex science useful for real-time decision making, through a combination of machine learning and leading water modelling approaches, that are easy to implement and provide accurate forecasts to assist organisations to make better decisions, reduce operational risk and save time and money.

Envirosuite is recognised by Frost & Sullivan as the 2021 Entrepreneurial Company of the Year for Global Digital Twin technology for the water industry.

ABOUT ENVIROSUITE

Envirosuite (ASX:EVS) is a global leader in environmental intelligence and is a trusted partner to the world's leading industry operators in aviation, mining & industrial, waste and water.

Envirosuite is an ASX All Technology Index company and ranked 12th in Deloitte's Technology Fast 50 winners for 2020.

Envirosuite's proprietary software combines leading-edge science and innovative technology with industry expertise to produce predictable and actionable insights, allowing customers to optimise their operations, whilst remaining compliant and managing their environmental impact.

By harnessing the power of environmental intelligence, Envirosuite helps industries grow sustainably and communities to thrive.

www.envirosuite.com

This announcement is not financial product, legal, tax or investment advice and has not taken into account your objectives, financial situation or needs. You should seek appropriate professional advice before making any investment decision.

This announcement contains certain "forward-looking statements", which can generally be identified by the use of words such as "will", "may", "could", "likely", "ongoing", "anticipate", "estimate", "expect", "project", "intend", "plan", "believe", "target", "forecast", "goal", "objective", "aim", "seek" and other words and terms of similar meaning or by using future dates in connection with any discussion of, among other things, expectations regarding the completion of the Placement and the use of proceeds. Envirosuite cannot guarantee that any forward-looking statement will be realised. Achievement of anticipated results is subject to risks, uncertainties and inaccurate assumptions. See the Investor Presentation for a description of key risks with respect to the Placement. Should known or unknown risks or uncertainties materialise, or should underlying assumptions prove inaccurate, actual results could vary materially from past results and those anticipated, estimated or projected. You should bear this in mind as you consider forward-looking statements, and you are cautioned not to put undue reliance on forward-looking statements.

This announcement has been prepared for release in Australia and may not be distributed or released in the United States. This announcement does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States or in any jurisdiction in which such an offer would be illegal. The securities referred to in this announcement have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or the securities laws of any state or other jurisdiction of the United States. Accordingly, the new shares to be offered and sold in the Placement may not be offered or sold, directly or indirectly, to persons in the United States or to any person acting for the account or benefit of any person in the United States, unless those securities have been registered under the U.S. Securities Act (which Envirosuite has no obligation to do) or are offered and sold pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable securities laws of any state or other jurisdiction of the United States.

3	Envirosuite Limited	(ASX: EVS) ACN: 122 919 948
	Suite 1, Level 10, 157 Walker St	www.envirosuite.com
	North Sydney NSW 2060	Phone: [phone]

For personal use only

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