Magnis Energy Technologies Limited ('Magnis', the 'Company') (ASX: MNS) is very pleased to announce that James Dack has been appointed as Executive Director.

Mr Dack has had an illustrious business career in government, private and public enterprises. He experienced a spectacular rise in the public sector, where he started his career as a porter at St Vincent's Hospital, before advancing his way to being responsible for co-ordinating the entire NSW Public Hospital Payroll System in the Industrial Relations Division of the Department of Health.

In the late 1980's, he started in the real estate industry as a founding partner in one of the most successful and recognised brands in Australia. Following his success, Mr Dack left the real estate industry in 2014 to pursue other ventures, however is still recognised today as one of the most successful people in the Australian real estate industry to date.

After his successful career in the real estate sector, he began his own private investment company, where he has taken a large position in many entities including public companies listed locally and overseas.

James sits on the board of directors for the Police Citizens Youth Clubs NSW (PCYC) an organisation that he has been involved with for more than 40 years. During his time with the PCYC, James has had many roles which have helped the community and those in need.

Magnis Executive Director, James Dack, commented: 'It's exciting when a Company like Magnis has the potential of being involved in mass production of successfully commercialized technologies that are genuinely beneficial to society. I look forward to building a long term relationship with the Board and assisting the team to realise the Company's enormous potential.'

'I have assessed many opportunities over the past years, however the Magnis story is unique, and the compelling reason for joining the Board was the fact that both the long-term shareholders and the team at Magnis are humble, diligent and hardworking people.'

Magnis Chairman Frank Poullas commented: 'Today's announcement is significant for the Company and all shareholders. James is a quality individual who has succeeded throughout his career while overcoming major challenges.'

'While our technology and future production makes Magnis a unique story with huge upside, I believe James' skills and his network is something that has always been lacking and I'm excited as a shareholder to see the Company fulfill its potential.'

A summary of the key terms of the Executive Directors engagement as per ASX Listing Rule 3.16.4 are attached.

This announcement has been authorised for release by the Board of Magnis Energy Technologies Ltd.

Contact:

Frank Poullas

Tel: +61 2 8397 9888

Web: www.magnis.com.au

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