GNW-Adhoc: Hazer is working with ENGIE on a joint facility in France

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^* Preparation of a project development plan (“PEP”) for a hazer plant in

France on a commercial scale

* The project location is to be the existing LNG import terminal in Montoir-de-

be Brittany

* The Pre-Feasibility Study (“VMS”) has been completed and shows that the

Hazer technology meets EU low-carbon regulations

hydrogen production can meet

* Drafting final trade agreements and exploring potential ones

Project funding sources, including EU programs, through the

parties

PERTH, Australia, May 10, 2023 (GLOBE NEWSWIRE) — Hazer Group Ltd (“Hazer”

or the “Company”, ASX: HZR) is pleased to announce that it is the

existing non-binding letter of intent with ENGIE SA, a French

multinational power company, has expanded to include development

a first Hazer plant in Europe. This

Agreement is a continuation of activities under the original

Letter of intent signed by both parties (see

Announcement dated July 28, 2022).

As part of the Enhanced Agreement, Hazer and ENGIE have agreed that at the

Creation of the project development plan (“PEP”) for a plant for production

of clean hydrogen and graphitic carbon based on that of Hazer

developed technology on the existing LNG import and

Regasification Terminal at Montoir-de-Bretagne in France (the “Project”)

to work together. The terminal is owned and operated by ELENGY, a

Subsidiary of ENGIE. The project is referred to as H(2)Montoir, and

the planned production facility aims at an initial production capacity

of at least 2,500 tons of hydrogen per year (tpa). The created

Hydrogen is used in industrial applications and in the mobility and

used in the automotive industry.

This MOU follows a technical information exchange, a

Due diligence and an initial market assessment that ENGIE will provide over the course of the

carried out in 2022. ENGIE has a pre-feasibility study (“VMS”) on

the application of the hazer process to the existing LNG import and

Regasification terminal carried out in Montoir-de-Bretagne. As part of the

Activities carried out during the PFS phase resulted in preliminary ones

Investigations that the hydrogen produced in the plant of Hazer the

Requirements for low-carbon hydrogen projects according to the relevant

comply with the legal framework and guidelines of the European Union

can.

The extended letter of intent expires on April 15, 2024

to give the parties the opportunity to work together on the development of the

final agreements to work, including the

partnership structure, the commercial framework and the

Licensing Agreements. Each party has agreed to bear their own costs

bear, and the agreement does not restrict either party, a similar

Transaction or similar relationship with third parties through the H(2)Montoir

to discuss, enter into or implement the project.

Glenn Corrie, Managing Director of Hazer Group Limited, comments:?We are delighted

us, this project in close collaboration with ENGIE, a very respected

international power companies to push forward to a first

to realize the Hazer production plant in Europe. Europe is one

strategic market for Hazer and we are pleased to have a position at

to build a world-leading energy company in a region in

of climate protection measures have priority and Hazer’s technology one

immediate role in accelerating decarbonization

can play cost-effectively. This cooperation with ENGIE is a

further proof of the potential of Hazer’s technology and theirs

attractiveness in the market.”

Valérie Ruiz-Domingo, ENGIE – Group Hydrogen Vice-President, comments:?We are delighted

us, together with Hazer, a first pyrolysis plant on an industrial scale

develop to help our customers in the industry and in the mobility sector

to help them achieve their carbon neutrality goals.”

This announcement has been made public by the Company’s Board of Directors

Approved.

ABOUT HAZER GROUP LTD

Hazer Group Limited (“Hazer” or “the Company”) is a trading company listed on the ASX

listed technology development company dealing with the

commercialization of the hazer process, a low-emission process

for the production of hydrogen and graphitic carbon. the hazer

Process enables the effective conversion of natural gas and similar methane

Feedstocks in hydrogen and high-quality, advanced

Carbon materials using iron ore as a process catalyst.

ABOUT ENGIE

Engie SA is a French multinational energy company headquartered in

Paris, France working in the energy transition, power generation and

distribution, natural gas, nuclear power, renewable energy and petroleum.

For more information about ENGIE’s business, visit:

https://www.engie.com/

Forward-Looking Statements

This release may contain certain “forward-looking statements” that

not based exclusively on historical facts, but on the current ones

Company’s expectations of future events and results.

When the entity has an expectation or belief about future

Expressing or implying events or results, that expectation or

Conviction expressed in good faith and believed to have a

has reasonable basis. However, forward-looking statements are subject to change

risks, uncertainties, assumptions and other factors that could cause

that the actual results differ significantly from those stated in these

expressed, projected or implied by any forward-looking statement

results differ.

The company undertakes no obligation to update any forward-looking statements

statements” to disclose events or circumstances after the date of these

notice or to reflect the occurrence of unforeseen events, it

unless required by applicable securities laws.

For more information or investor inquiries, please contact:

Email: [email protected] (mailto:[email protected])

Telephone: +61 8 9329 3358

For media inquiries please contact:

WE Communications – Hannah Howlett

Email: [email protected] (mailto:[email protected])

Phone: +61 4 5064 8064

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Channel for market-related news, investors and others

Interested parties encouraged to follow Hazer on Twitter (@hazergroupltd), LinkedIn,

to follow Facebook and YouTube.

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