Renergen's Investment Update

Renergen Limited (ASX: $RLT) is pleased to announce the fulfillment of the conditions precedent to the subscription of unsecured convertible debentures by Airsol S.r.L, a wholly-owned subsidiary of SOL S.p.A, which debentures are convertible into Renergen shares upon the completion of an initial public offering by Renergen on the Nasdaq. SOL has now subscribed for the remaining tranche of convertible debentures, bringing SOL's total investment in Renergen to a value of US$ 7 million.

Executive Commentary

We are proud to define and strengthen our long-term global partnership with Renergen. This high-quality investment meets our investment criteria and will help our Group secure future growth in the most ambitious helium worldwide market. This investment will enhance our network capacity to serve key industrial areas in the many countries we operate in.

Summary of Investment Completion

Renergen (ASX: $RLT) has successfully completed the conditions precedent to the subscription of unsecured convertible debentures by Airsol S.r.L, a subsidiary of SOL S.p.A, resulting in a total investment of US$ 7 million. The strategic transaction with SOL not only brings a significant investment but also a wealth of knowledge and expertise to Renergen. The SOL group, with its extensive global presence and experience in industrial gases and liquefied natural gas, complements Renergen's overall offering. The investment is expected to strengthen the long-term global partnership and provide Renergen with technical partnerships as it rolls out the Virginia Gas Project. The company looks forward to the mutually beneficial transaction and the potential for future growth in the helium market.