Page 1 www.greatcellsolar.com MARCH 2018 AURORA NEWSLETTER

March 2018

xx

Page 2 www.greatcellsolar.com MARCH 2018 AURORA NEWSLETTER

In This Issue Page 3 - Voluntary suspension update from

Greatcell MD, Richard Caldwell

Page 4 -

Greatcell Solar 2nd Quarter FY2018 Web-

conference

Greatcell AGM 2017

Page 5 - GSL at the ANU Renewable Energy

Roundtable

Page 6 - Greatcell Solar Meetings with the

Turkish Government

Page 7 - GSL Metal Project Race to Commer-

cial Readiness

Page 9 - GSL Partner EPFL Sets New 23.25%

Perovskite Solar Cell World Record

Page 10 - HOPV-AP 2018 Conference, Japan

Page 11 - Q & A of the last quarter

Greatcell Solar Limited Follow us on:

@GreatcellSolar

@GreatcellSolarG

Greatcellsolar

Australia—ASX:GSL

Germany—FWB:D5I

Valued Stakeholder,

To begin this new Aurora edition, the Board of Directors and Sen-

ior Management would like to thank you for your ongoing sup-

port over these past few months. Progress has been a little slow,

but we are getting there!

As you might have noticed last year, the Newsletter was always

falling around the same time as the Quarterly report.

So, at the end of last year we decided that the Aurora newslet-

ter had to be scheduled another way in order to avoid GSL

news repetition for 2018, allowing us to provide fresher and more

contemporary content to our stakeholders.

Quarterly Web-conference

Our Quarterly web-conference was held on Monday, 5 Febru-

ary, 2018. If you could not attend in person, the live webcast is

available on Greatcell’s website along with the PowerPoint

presentation.

What’s ON in this Edition?

In order to keep you up to date with our team’s latest progress,

travels and conferences attendance:

Richard Caldwell, Greatcell Solar’s Managing Director, will

provide an update on the ASX voluntary suspension. In a

second article he will comment on his day at the ANU Re-

newable Energy Roundtable.

Sung Il Lee, GSL Head of Business Development, will explain

in more detail the outcome of his visit to Turkey with Rich-

ard Caldwell in December 2017.

Chris Moore, Global Head of Metals, Greatcell Solar UK, will

give you some fresh insights about the Metals Team’s pro-

gress and GSL’s progress with its partner, Solliance.

Damion Milliken, Greatcell’s Chief Technology Officer, will

provide more insights about the New PSC efficiency World

Record (23.25%) realised by our Partner EPFL.

Luca Sorbello, Sales and Marketing Manager, and Damion

Milliken, CTO, will recount their experience at HOPV-AP in

February 2018, in Japan.

It is crucial for us to enhance our shareholder communication and

make sure that our information is clear, valuable and delivered in a

timely fashion. Feel free to email Marine, IR Manager, if you have

any feedback or enquiry regarding this Aurora Newsletter Edition.

Page 3 www.greatcellsolar.com MARCH 2018 AURORA NEWSLETTER

The Greatcell Solar Major Area Demonstration (MAD) pro-

ject is a very significant, world-class collaboration with

CSIRO, Australia’s pre-eminent national R&D institute. The

Company has been in planning and preparation for this pro-

ject for several years, strongly assisted by the guidance and

expertise of VDL Enabling Technologies Group, an interna-

tionally renowned process engineering company. We have

been mindful to avoid too early commercialisation and now

consider that the timing is right.

The MAD project is designed to de-risk the scaling and

commercialisation of the Perovskite Solar Cell (PSC) technol-

ogy, prior to unlocking very substantial investment in mass

manufacture. Economies of scale are key to being competi-

tive. As a disruptive technology addressing the $100 billion

plus PV market the risks and the opportunities are vast. It is

a project of international significance.

During this period the Company has been soliciting support

from a number of key stakeholders, including the Australian

government. This has been a challenging task given the

sometimes equivocal support for renewable energy technol-

ogy development in Australia. Fortunately, we have been

able to rely heavily on the financial support and the patient,

unwavering belief of our shareholders.

We have now reached the moment of truth for the Compa-

ny and its revolutionary technology. Importantly, policy and

support is now stabilising and we have at least $10 million

of federal government funding on the table of what is ap-

proximated to be a $15 - 20 million project. However, the

board has decided that it cannot proceed further without

the confirmation of full project funding. Milestone based

funding, which is essentially ‘hand to mouth’, has been the

basis for our historical growth, but, given the magnitude of

the MAD project, we need to establish a more reliable

funding model. Simply, it would be fiscally irresponsible to

proceed without a fully funded project plan.

In November, the Company engaged with a newly estab-

lished environmental investment fund. Unfortunately,

those funds have not materialised. We can no longer wait.

In the meantime, however, other potential investors have

emerged, including CSIRO and state government. Given

the project’s national significance and potential benefit, it

is not surprising that CSIRO would seek to share some of

the heavy lifting. So, we are currently in detailed discus-

sions with it and other existing stakeholders to confirm

and quantify support.

Clearly, the outcome of these discussions is confidential,

price sensitive, and requires a good degree of consensus

and structuring amongst a number parties. It is in this con-

text, that the board has sought the protection of voluntary

suspension. This is certainly not unprecedented and many

companies have emerged from such positions to fully real-

ise their project potential and deliver strong shareholder

returns.

The board will continue to provide continuous disclosure

of information to the market on ASX as news comes to

hand and once again greatly appreciates the support of its

existing and emerging stakeholders. When the funding

package is confirmed, we will then ask ASX to lift the vol-

untary suspension on the trading of our shares.

Richard Caldwell – Managing Director

MEDIA & INVESTOR RELATIONS CONTACTS:

GSL HQ: Marine André, Investor Relations Manager Germany and Europe: Eva Reuter, Dr Eva Reuter I.R.

Tel: +61 (0) 2 6299 1592 | mandre@greatcellsolar.com Tel: +49 177 605 8804 | e.reuter@dr-reuter.eu

3 Dominion Place, Queanbeyan, 2620 NSW, Australia

Page 4 www.greatcellsolar.com MARCH 2018 AURORA NEWSLETTER

QUARTERLY WEB-CONFERENCE

Greatcell Solar’s 2nd Quarter FY2018 Commentary, pre-

sented by Richard Caldwell, was live webcast to an audi-

ence around the globe on 5 February, 2018 .

Our Quarterly web-conference Audio

Recording is NOW available!!

To listen to the Audio Recording with synchronised

slides visit the Greatcell Solar website or click on this

link: 2018 2nd Quarter FY2018 commentary Au-

dio .

Greatcell Solar Annual General Meeting!!

In late November 2017, we held at our headquarters our annu-

al general meeting.

For this special occasion our Glass Team, directed by Dr Yanek

Hebting, Head of Production, was showcasing an array of 6

Perovskite Solar Cell PV solar panels (450mm x 650mm) pow-

ering, in spring, real world conditions:

A TV monitor (playing our Corporate Profile Video);

Accompanying audio;

USB phone chargers, allowing our shareholders and visi-

tors to charge their mobile phones.

Annual Greatcell Solar Reporting Calendar

JANUARY FEBRUARY MARCH APRIL

Q2 Quarterly Report Half Yearly Report Newsletter Q3 Quarterly Report

MAY JUNE JULY AUGUST

Newsletter Q4 Quarterly Report

Preliminary Final Report

SEPTEMBER OCTOBER NOVEMBER DECEMBER

Annual Report

Newsletter

Q1 Quarterly Report AGM

Newsletter

Page 5 www.greatcellsolar.com MARCH 2018 AURORA NEWSLETTER

On 29th January, I represented Greatcell at the Renewable

Energy Roundtable at the ANU Energy Change Institute

chaired by Professor Ken Baldwin.

Broadly, the agenda for the day was focused on the poten-

tial and prospects for Eden-Monaro and the region more

generally as a renewable energy precinct. This agenda al-

lowed for topics ranging from technology capability, Eden

as a port facility, job creation, particularly in relation to

Snowy Hydro No.2, and the role of state and federal gov-

ernments. Notable attendees included Dr Mike Kelly, Feder-

al Member for Eden-Monaro, the Honourable Mark Butler,

Shadow Minister for Climate Change and Energy, and John

Hewson, former Leader of the Liberal Party and now renew-

able energy project developer. In addition, there were a

number of executives from private companies and senior

staff from ANU.

It was certainly refreshing to get the Opposition’s perspec-

tive on renewable energy as an opportunity for job creation,

economic development and carbon emission reduction.

Theirs is a policy which, on the surface at least, appears re-

search based and consistent with well-articulated economic

and social values and objectives. Mark Butler, in particular,

expressed a clear vision and was comfortable with address-

ing the need for a Clean Energy Target. Mike Kelly was more

regionally focussed, but clearly saw enormous and diverse

benefits for the region, especially should the Snowy Hydro

No.2 project proceed. Eden-Monaro already has significant

hydro, PV and wind farms, both established and planned.

Certainly, a thorough feasibility study is required to fully

appreciate all the implications of such a major infrastructure

investment as Snowy Hydro No.2. We definitely need to

separate the facts from the political romance. I was also

pleased to see that an old university fraternity member,

Roger Whitby is now COO of Snowy Hydro.

The biggest gripe of the day was the glaring lack of clear

energy policy. Fundamentally, one of the reasons that policy

is so underdeveloped is that data capture and translation is

poor, meaning that it is difficult to formulate policy strongly

underpinned by comprehensive research. One cannot help

but think that energy privatisation in Australia has exacer-

bated this problem as responsibility for the next generation

of energy has partly ‘fallen between the cracks’. It is an obvi-

ous example where short-term fiscal benefit has been

achieved at the expense of much more important, long-

term considerations such as the environment and a modern

electricity grid.

The policy situation, of course, also leads to a crisis of confi-

dence for investors and there is no doubt that many pro-

jects have been delayed or abandoned because of the polit-

icised nature of renewable energy policy in recent years. The

way forward is slowly improving, but there is a long way to

go before Australia will adequately provide for an intelligent

and managed transition from fossil fuel dependency to a

mix that includes renewable energy, including Greatcell’s

ground-breaking Perovskite Solar Cell PV technology.

Richard Caldwell, Managing Director

Page 6 www.greatcellsolar.com MARCH 2018 AURORA NEWSLETTER

In mid-December 2017, Greatcell presented at meetings in Turkey as the guest of the Turkish Government, in particular the Ministry

of Science, Industry and Technology and the Ministry of Economics.

Business development in Turkey is now entering an exciting phase

with the prospects for a JV to be formed between Nesli DSC and

Greatcell.

The presentations were made by Greatcell’s MD, Richard Caldwell

and covered both technology and economic aspects of the scale-

up and commercialisation of Perovskite Solar Cell PV technology.

Greatcell were also treated to presentations from ministry officials

on Turkish energy policy and plans to introduce a mix of technol-

ogies to address the opportunities that climate change initiatives

present.

Turkey is an ideal candidate for development of this technology

because it has a major energy deficit, has ambitious clean energy

targets and currently has little domestic capability in renewable

energy technology. The country is considering a substantial in-

vestment in both PV and wind. In the anticipated technology

transfer model, Greatcell will retain ownership of all core IP.

Attending the meetings were elected Deputy Ministers, gov-

ernment bureaucrats and technical experts from Turkish univer-

sities. Subsequently, the Turkish government sent two repre-

sentatives to HOPV-AP in Japan to provide due diligence on

the viability of the technology for Turkey.

Having reported back, Greatcell is now providing further detail

for the establishment of a mass manufacturing plant at Mersin

in Anatolia. The 10 year plan involves growing production to 1

GW per annum. The Turkish Government has indicated a possi-

ble interest to invest in both the JV and Greatcell, in addition to

providing significant risk capital to fund a pilot and manufac-

turing plants. This is the next obvious step once the prototype

phase has been completed at the co-located facility at CSIRO

at Clayton on the outskirts of Melbourne.

In March, Greatcell is expected to attend further meetings in

Ankara with Turkish government officials in what is expected to

be the final step prior to an investment decision for the estab-

lishment of a pilot line and mass manufacturing in Mersin for

both domestic and export to neighbouring markets. These de-

cisions have now been escalated to senior ministerial level.

Finally, it appears to be back to business as usual in Turkey.

Sung Il Lee – Head of Business Development

Page 7 www.greatcellsolar.com MARCH 2018 AURORA NEWSLETTER

Our Product Strategy remains the development and commercialisation of products enabling the PV

functionalisation of large-area steel roofing and cladding. Greatcell Solar UK and the Metals Project has

seen some significant progress since the last update, both at Manchester, and from our activities in the

Solliance consortium, located in Eindhoven and Leuven.

In the last period, the Manchester team has been focussing heavily on the Metals Product from, and

with our colleagues from Australia and Switzerland, we have formulated concepts for product packag-

ing, encapsulation and steel product integration, based on a quantified assessment of technology and

manufacturing readiness, as well as commercial viability. We will now proceed to demonstrate these

designs at module prototype level. In order to enable this, our emphasis will be on the development of

low cost flexible electrode materials and processes, cell to module techniques (interconnection, active

area optimisation etc.), and encapsulation – both in-cell (direct), and flexible module packaging.

In conjunction with our Solliance partners, we were able to jointly announce a new world record perov-

skite cell efficiency on flexible substrates of 13.5%. Modules of 12.2% efficiency were also produced us-

ing Roll to Roll (R2R) processes relevant to mass production, and essential for the manufacturing scale-

up of steel BIPV products based on our technology (https://solliance.eu/solliance-sets-more-world-

records-for-r2r-perovskite-solar-cells-and-modules/).

Continued on the next page.

DR Vittoria Novelli conducing slot-die coating trials in Manchester Transparent electrode deposition

GSL’ s Metal Project - Race to Commercial Readiness

Page 8 www.greatcellsolar.com MARCH 2018 AURORA NEWSLETTER

This breakthrough has come about through the intense focus on the development of both stable and

high performance materials, in conjunction with manufacturing processes that are high throughput

and low cost. This approach is exemplified by our progress on the development of in-cell materials in

partnership with Cristal Global and EPFL to demonstrate how high volume materials production tech-

niques can be integrated into perovskite devices for improved performance. This work has been pa-

tented in association with Cristal Global, and jointly published with EPFL, our main academic partner

(http://onlinelibrary.wiley.com/doi/10.1002/adfm.201705763/abstract).

As key industrial partners in the Horizon 2020 GOTSolar Project, GSL-UK has continued to make pro-

gress developing laser assisted, frit sealing technologies for PSC modules. As part of our contribution

towards this project, we have recently purchased a large laser system to enable this technology to be

scaled up, and we anticipate transferring the capability developed into module manufacturing pro-

cesses. Check out this Euronews video clip about the project: (http://www.euronews.com/2018/02/26/

solar-power-the-next-generation.

We would also like to welcome Phillip Foeller into the GSL-UK team. Philip joins us as a KTP associate

with Sheffield University in the UK, and enables us to continue our association with the very successful

Innovate UK funded Knowledge Transfer Partnership scheme, and fundamental to the excellent rela-

tionship we have with the University. The project will focus on manufacturing scale-up.

Chris Moore, Global Head of Metals Project

Device characterisation and testing Scaling up of deposition pro-

cesses for device manufacture

GSL’ s Metal Project - Race to Commercial Readiness

Page 9 www.greatcellsolar.com MARCH 2018 AURORA NEWSLETTER

Greatcell Solar is pleased to report that our long-time re-

search and development collaborator, the École Polytech-

nique Fédérale de Lausanne (EPFL), led by renowned 3rd-

generation solar cell researcher Professor Michael Grätzel,

has recently achieved a new 23.25% record high efficiency for

perovskite solar cells (PSC). The new PSC world-record ex-

ceeds the efficiency records of commercial cadmium-

telluride (CdTe) 2nd-generation thin-film photovoltaic tech-

nology (as successfully pursued by First Solar), 1st-generation

multi-crystalline silicon solar cells (which account for around

90% of the present global photovoltaic panel market), as well

as the often cited 2nd-generation thin-film copper indium

gallium selenide (CIGS) technology. This solidifies PSC tech-

nology in its strong trajectory to becoming a highly competi-

tive commercial contender in the challenging global photo-

voltaic panel market.

Professor Michael Grätzel, Chair of Greatcell Solar’s Technology Advisory Board (TAB), announced the advance at

the recent Perovskite Thin Film Photovoltaics (ABXPV) conference, in Rennes, France. Dr. Damion Milliken,

Greatcell Solar’s Chief Technolgy Officer (CTO), commented, “our close collaborative working arrangements with

Professor Michael Grätzel’s laboratory at EPFL, including joint research programmes, will ensure that we can

quickly transition the elements of this advance into our broader technology development programmes across the

company, to help push industrial device efficiencies to higher levels. It’s wonderful to be part of something record

-breaking, and to continue our long relationship with one of the world’s most eminent scientists and the cutting

edge work done within the EPFL laboratories.” Further details remain confidential until certification of the result

has taken place.

Damion Milliken - CTO Greatcell Solar

Page 10 www.greatcellsolar.com MARCH 2018 AURORA NEWSLETTER

Recently, Greatcell Solar attended the 2018 Asia Pacific Inter-

national Conference on Hybrid and Organic Photovoltaics (AP-

HOPV). This is the main conference for dye solar cells (DSC)

and perovskite solar cells (PSC) in Asia and it is a part of the

HOPV conference that is usually held in Europe in Spring,

where leading academics and key industrial figures present

their recent advancements in PSC, DSC and other emerging

organic photovoltaic technologies. Greatcell Solar is HOPV’s

and AP-HOPV’s main sponsor.

This year Greatcell Solar exhibited at AP-HOPV, showing off

our 650 x 450 mm demonstration perovskite solar panel. The

panel has been completely produced within Greatcell Solar

laboratories in its path to establish production sequences for

perovskite solar cell panels.

In addition to moving forward rapidly with low-cost stable

perovskite based PV panels, Greatcell Solar has presented a

swathe of new perovskite precursor products to the market.

Greatcell Solar has also presented an upgraded version of its

Hyperion light emitting diode (LED) A+A+A+ spectrum solar

simulator now arrived to its 3rd generation. Hyperion is the

newest of a long series of equipment that Greatcell Solar (and

previously Dyesol) realised to improve research and develop-

ment quality and reliability.

Attending the conference were Greatcell Solar’s CTO, Dr Dami-

on Milliken and Sales & Marketing Manager, Dr Luca Sorbello.

The conference was also a fertile ground to work on our pro-

duction project in Turkey with two very appreciated guests:

Tibet Avşar, MBA, Eng and the Founder of Agathon Enerji who

is an advisor for the project for Nesli/NDSC and Prof. Mahmut

Kuş, from Konya Selçuk University, lead in the Turkish Govern-

ment technical due diligence team for the project.

Prof Juan Bisquert of University Jaume I was also present with

his new book on the perovskite technology “Hybrid Perovskite

Solar Cells: the Genesis and Early Developments 2009-2014”.

Greatcell Solar is the proud sponsor of the book as it lays

down the foundation of the PSC technology and it is a great

tool to provide a systematic approach to PSC research. Prof

Bisquert kindly decided to pay a visit to the Greatcell Solar

booth to discuss the latest developments in PSC technology

with Dr Damion Milliken and to check the newest develop-

ments in Greatcell Solar work towards manufacturing perov-

skite solar panels.

The conference had many high-profile international speakers

from around the world (and especially Asia), who detailed

their progress in understanding fundamental aspects of per-

ovskite solar cell technology. Many of the presenters, such as

Prof. Michael Grätzel from the École Polytechnique Fédérale

de Lausanne (EPFL) in Switzerland, and Prof Subodh Mhaisal-

kar from Nanyang Technological University (NTU) in Singa-

pore, are close collaborators with Greatcell Solar. Also attend-

ing and presenting was Prof. Martin Green from the University

of New South Wales (UNSW), perhaps the world’s most-

esteemed PV researcher and also a collaborator of Greatcell

Solar, who outlined a vision in which tandem perovskite-

perovskite solar cells would ultimately replace silicon and tan-

dem silicon-perovskite solar cells.

Dr Milliken commented, “It was gratifying to see that the

mainstream proponents of silicon solar cell technology were

starting to publically admit the extent of possibilities for per-

ovskite technology, and the immense opportunities that such

an innovation presents for future industrial exploitation.

Greatcell Solar has been a staunch advocate of the disruptive

potential of this technology, and we look forward to continu-

ing working with some of the best minds on the planet to

further rapidly advance the technology towards commerciali-

sation.”

Page 11 www.greatcellsolar.com MARCH 2018 AURORA NEWSLETTER

1. What is Greatcell’s strategy regarding Coverage?

How does the company plan to get more sell-side cov-

erage?

GSL currently has poor sell-side coverage. The reasons for

this are multiple. First, many equity brokers withdrew cov-

erage from the renewable energy sector around 2012 be-

cause of a general malaise in the sector, principally caused

by the well recognised global slump in the solar sector. As

these conditions have slowly dissipated and some recov-

ery ensued, it is likely that brokers will again focus on re-

newable energy company coverage. The same conditions

could be said to apply to natural resources with a similar

type of neglect over the past few years. Small caps, aka

pre-revenue companies, tend to lag in major bull markets,

but many analysts are predicting out-performance for this

sector in 2018 given the advanced nature of the current

share market rally.

The other major issue for sell-side coverage is market

capitalisation. Fund managers have restricted mandates

with minimum market caps at $100 million, $200 million,

$500 million etc., depending on the nature of the funds‘

investment criteria. We expect our market capitalisation to

grow strongly during the current prototyping phase as the

technology is further de-risked and commercialisation

nearer. This should attract institutional support and cover-

age by institutional brokers, in particular. The Company

has good contacts with a number of relevant institutions

and has taken guidance from them.

2. The Equity Research of Phillip Capital – PAC Partners

is the only equity research since 2014. Is this an

“independent research house” where the research re-

port has to be paid by the company or is this a sell side

report? Has Greatcell seen any rising interest after the

publication of the latest report?

PAC Partners will make whatever regulatory disclosures it

considers appropriate and according to the law in its re-

search document. The PAC Partners analyst, Paul Jensz has

had an abiding interest in this sector and Company for the

last 8 years. We expect that PAC Partners will continue to

provide occasional, future research coverage and it is cur-

rently not on a GSL financial retainer..

3. Greatcell has been rated by OEKOM Research since

years with a prime rating, but the rating-grade is

weaker than in former years. What is the background

of the weakness in the rating-grade?

An OEKOM rating is a demanding rating to retain for a

small company such as GSL. However, the Company has

recognised the fall in rating and attributes this principally

to poor communication, rather than a decline in internal

ethical and environmental standards. In fact, the Company

has recently reviewed and upgraded all relevant policies

and practices to best practice. During 2018 we will prepare

a new and comprehensive Sustainability Report and we

expect that will help restore the Company to a higher

OEKOM rating. We note that as an Australian company, it

is not standard practice to adhere to European sustainabil-

ity standards and we do this in respect of our significant

European investor base.

4. Is it possible to publish data about the efficiency of

the Mini-Mad? And if not, why?

Mini-MAD is an internal product development project. It

has achieved all internal milestones. Its main focus is scal-

ing, and process development and optimisation. It has

never been the Company’s intention to publish unaccred-

ited results from the mini-MAD project. The simple reason

results are not published is the inability for the market to

fully understand and interpret unaccredited performance .

5. Due to the large amount of shares, does Greatcell

plans a reverse stock split?

Greatcell has no intention of undertaking a “reverse stock

split” or share consolidation. We do, however, have a posi-

tive view on the share price over the next 12 months as

many of our plans come together.

Page 12 www.greatcellsolar.com MARCH 2018 AURORA NEWSLETTER

The Aurora Newsletter is a great way for you to stay in touch with Greatcell Solar progress.

The newsletter aims to keep you informed by featuring key projects, our operations and

the work of our talented team. Your feedback and suggestions are always welcome. Simp-

ly email your ideas to mandre@greatcellsolar.com.

Between each newsletter keep up-to-date with announcements, information, and links to

informative articles by following Greatcell Solar on Twitter and our BLOG section.

Twitter in English: @GreatcellSolar German: @GreatcellSolarG

Greatcell Solar in the Medias

ht tp : / /w ww. qu ea nb ey an ag ec hron i c l e . co m. a u/

story/5206437/queanbeyans-energy-game-changer/

https://arena.gov.au/blog/greatcell/

https://cordis.europa.eu/news/rcn/128720_en.html?

WT.mc_id=Twitter

http://www.nexttechstock.com/freshly-rebranded-gsl-

charges-commercialisation-phase/

PSC Technology in the Medias

https://youtu.be/9PhovLOOtfM

http://www.euronews.com/2018/02/26/solar-power-

the-next-generation

http://www.serree.org.au/knowledge/news/article/?

id=greatcell-and-solliance-set-a-new-world-record

h t t p s : / / w w w . s c i e n c e d a i l y . c o m /

releases/2018/02/180226103347.htm

MONTH ANNOUNCEMENTS

March

Request for Suspension from Official Quotation

Suspension from Official Quotation

Half Year Report

January Second Quarter FY 2018 – Quarterly Report & Appendix 4C

December $6 Million ARENA Grant – Funding Agreement signed

November

Result of AGM 2017

2017 AGM– Chairman’s Address and MD Presentation

Australian Energy Fund Makes 4$M Strategic Investment

GSL & Solliance set a New World Record - 13.5% R2R

GSL Awarded 700,000Euro Horizon 2020 Grant