Hazer : AGM Address & Presentation - Company Update

Hazer Group Limited (ACN 144 044 600) Level 9, 99 St Georges Tce, WA 6000

PO Box Z5511, St Georges Tce, Perth, WA 6831

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AGM CHAIRMAN'S ADDRESS

& CEO PRESENTATION

PERTH, AUSTRALIA; 8 DECEMBER 2021: is pleased to provide the following Chairman's address and CEO Presentation to be made at the Company's 2021 Annual General Meeting at 1.00pm AWST today.

Chairman's Address

Since we last met in November 2020, the world has again been dominated by the global response to the Covid- 19 pandemic. This has made the operating environment for all companies particularly difficult and heightened uncertainty. Indeed as many of us may have been hoping that 2022 would bring some reversion to a more normal operating environment, the emergence of the Omnicron variant in late November has cast a significant shadow on this prospect.

Within this challenging environment, Hazer has made significant progress towards commercialising its technology.

2021 has seen us substantially progress the design, fabrication, installation, and construction of the Hazer Commercial Demonstration Project at the Woodman Point Water Recovery Facility. The Project is expected to be ready for commissioning in 1Q 2022. The Project has encountered a number of challenges, some due to its first-of-kind nature and the large number of unknowns carried into the design phase, some triggered by the restricted operating environment and increased costs for skills, equipment and materials seen across the market.

We acknowledge that there have been cost increases through the year. Positively we do not see this impacting the longer-term position of our technology. We remain well funded to deliver the Project, including through the continued support of ARENA and our shareholders. I'd like to recognise the very hard work of the project team undertaking a first-of-kind project within this very challenging operating environment. We look forward to the operation of the CDP in 2022 with great excitement. This remains a key step in further developing the opportunities we are exploring with potential international partners, as well as supporting the further advance of opportunities related to the Hazer Graphite.

We are confident that the CDP provides Hazer with a strong platform in the emerging market for low emission hydrogen. We are pleased that international interest in the Hazer Process has significantly increased in 2021 as we have progressed the CDP. The strong technical development underpinning the CDP has provided us with a credible base to engage with Tier 1 potential collaboration partners and customers. We expect significant progress in FY2022 as we commission the CDP and advance opportunities for the next generation of projects.

2021 also marked a key milestone in the global program to combat climate change with the conclusion of the Glasgow COP26 meeting that had been deferred from November 2022. COP26 has resulted in some significant commitments, notably a re-committment to achieving the Paris Goals of keeping global warming well below 2 degrees C, and an agreement to meet again next year to consider more ambitious targets (rather than four years hence). Advances on establishing international carbon trading are significant, as establishing well-recognised international carbon prices is critical to bringing forward the markets for low emissions technologies such as ours. Moves to curb the un-abated use of fossil fuels also gathered strength, if not achieving all the some wished. The drivers of these changes are not likely to diminish, as exhibited by the subsequent bi-lateral agreement to work together on climate change between Presidents Biden and Xi, and we can reasonably expect further action in coming years. We believe Hazer's technology is well placed to reduce greenhouse gas emissions by providing a technology for low-emission hydrogen and graphite production that can work flexibly with large scale systems for the production of green hydrogen from electrolysis

On the corporate side, we were delighted to welcome AP Ventures to our register through a strategic investment of convertible notes and options for a total consideration of $4 million.

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We also further strengthened our balance sheet through a combined placement to institutional and sophisticated investors and a Share Purchase Plan to raise a total of $14 million in September & October 2021. I would like to thank those shareholders who took up their entitlement as these funds enable us to continue developing and growing the Company.

We are delighted by the strong support that has been shown for Hazer during the year from both existing and new shareholders. This has enabled our significant progress over the last 12 months in the commercialisation of Hazer's technology.

Finally, I would like to acknowledge some upcoming changes to the Board of Hazer and welcome new Directors who have joined us in 2022.

Professor Andrew Harris has decided not to nominate for re-election as a Non-Executive Director of Hazer Group and will cease as a Director of the Company after closing this Meeting. Andrew has served on the Board of Hazer since 2016, providing support and advice to the team as we took the technology from desktop studies at the University, through pilot plant development and onto securing the Hazer CDP. On behalf of the Board and Management, I would like to thank Andrew for his contribution to Hazer.

I would like to welcome Andrew Hinkly and Dr Jack Hamilton to the Board of Hazer, who are valuable additions to the Hazer Board as we continue to develop our technology and grow the Company. Both Andrew Hinkly and Dr Jack Hamilton stand for election at this AGM.

Andrew Hinkly, Managing Partner of AP Ventures, brings significant experience through his extensive commercial career in corporate roles and stewardship of numerous investments in the hydrogen sector and the international hydrogen value chain. We look forward to building on the collaborative relationship established with Andrew and APV through the investment process and believe he will provide invaluable assistance to the Hazer Board and Management.

Dr Hamilton is a highly experienced executive and board director with strong business acumen gained from 20 years of senior leadership roles in the energy sector. He has extensive management expertise in strategy development, operations and manufacturing, project management, marketing/business development and commercial ventures. Jack has held numerous Chair and Board positions in Company's developing new technology, investing in infrastructure and operating in the energy industry.

The Board considers both Andrew and Jack to be excellent candidates for the Board of Hazer and strongly recommends all shareholders vote in favour of their election.

Finally, shareholders, let me thank you for your loyalty and support through this year and for many over a long journey. I think we are at a very exciting stage for the Company. The key challenges ahead of us remain to successfully commission the CDP, and secure future projects that will grow our technology behind the initial demonstration scale. I remain confident in the team's capability to achieve these stretching goals. As the world looks increasingly towards a green future, the focus on hydrogen has continued to increase, and the need for a range of low-carbon hydrogen production solutions only becomes more paramount. We believe the future for our Hazer technology is extremely bright.

Authorised for release by the Board of the Company.

[ENDS]

Forward Looking Statements

This announcement may contain certain "forward looking statements" which may not have been based solely on historical facts, but rather are based on the Company's current expectations about future events and results.

Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward

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looking statements are subject to risks, uncertainties, assumptions, and other factors, which could cause actual results to differ materially to future results expressed, projected, or implied by such forward looking statements.

The Company does not undertake any obligation to release publicly any revisions to any "forward looking statements" to reflect events or circumstances after the date of this announcement or to reflect the occurrence of unanticipated events, except as may be required under the applicable securities laws.

ABOUT HAZER GROUP LIMITED

Hazer Group Limited ("Hazer" or "the Company") is an ASX-listed technology development company undertaking the commercialisation of the Hazer Process, a low-emission hydrogen and graphite production process. The Hazer Process enables the effective conversion of natural gas and similar methane feedstocks, into hydrogen and high-quality graphite, using iron ore as a process catalyst.

For further information or investor enquiries, please contact:

Geoff Ward

Email:[e-mail]

Phone: [phone]

For media enquiries, please contact:

Hannah Howlett

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HazerGroup

ASX: HZR

CEO Presentation and Company Update 2021 8 December 2021

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Disclaimer

Important information

This presentation has been prepared by Hazer Group Limited ("Hazer" or "the Company")

This presentation is not a financial product or investment advice or recommendation, offer or invitation by any person or to any person to sell or purchase securities in Hazer in any jurisdiction. This presentation contains general information only and does not consider the investment objectives, financial situation and needs of individual investors. Investors should make their own independent assessment of the information in this presentation and obtain their own independent advice from a qualified financial adviser having regard to their personal objectives, financial situation and needs before taking any action.

No representation or warranty, express or implied, is made as to the accuracy, completeness, reliability or adequacy of any statements, estimates, opinions or other information, or the reasonableness of any assumption or other statement, contained in this presentation. Nor is any representation or warranty (express or implied) given as to the accuracy, completeness, likelihood of achievement or reasonableness of any forecasts, prospective statements or returns contained in this presentation. Such forecasts, prospective statements or returns are by their nature subject to significant uncertainties and contingencies, many of which are outside the control of Hazer.

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To the maximum extent permitted by law, Hazer and its related bodies corporate, directors, officers, employees, advisers and agents disclaim all liability and responsibility (including without limitation any liability arising from fault or negligence) for any direct or indirect loss or damage which may arise or be suffered through use or reliance on anything contained in, or omitted from, this presentation. An investment in Hazer securities should be considered speculative and is subject to investment and other known and unknown risks, some of which are beyond the control of Hazer. Hazer does not guarantee any rate of return or the absolute or relative investment performance of Hazer securities. The distribution of this presentation including in jurisdictions outside Australia, may be restricted by law. Any person who receives this presentation must seek advice on and observe any such restrictions.