AnaeCo : Shenton Energy Pty Ltd Purchases Shenton Park AWT Plant

28 August 2017

Australian Securities Exchange Company Announcements Office Exchange Centre

Level 1, 20 Bridge Street

Sydney NSW 2000

Shenton Energy Pty Ltd purchases Shenton Park AWT Plant

Shenton Energy Pty Ltd, a company controlled by Thailand based SBANG Sustainable Energies Limited, has purchased the business of Brockwaste WA Operations Pty Ltd and its related entities ("Brockwaste"), bringing the voluntary administration of these entities to an end. Shenton Energy is therefore the new owner of the Shenton Park AWT Plant, and the related licence for use of the AnaeCo technology at the site.

AnaeCo has been briefed by representatives of Shenton Energy and we understand their intentions to recommence operations at the plant as soon as preliminary inspections, engineering reviews and pre-start operational preparations are complete. Shenton Energy and AnaeCo are working on the terms and scope of work for AnaeCo to provide technical support and guidance to Shenton Energy during this re-start period.

AnaeCo Managing Director David Lymburn said, "We welcome the acquisition by SBANG and Shenton Energy as it provides the Shenton Park AWT Plant with the opportunity it deserves to process and divert municipal solid waste from landfill. In October 2016 when Brockwaste entered administration we said it was AnaeCo's firm opinion that the plant can be successfully operated to achieve effective waste processing and diversion from landfill, at a reasonable gate fee. We are ready to support Shenton Energy demonstrate this."

ENDS

For further information, please contact:

David Lymburn - Managing Director [phone]

About AnaeCo

AnaeCo delivers Alternative Waste Technology (AWT) facilities based on the AnaeCo™ System, incorporating the patented DiCOM™ bioconversion process. The AnaeCo™ System includes advanced sorting, recycling, anaerobic digestion and aerobic composting to recycle municipal solid waste (MSW) into renewable energy from biogas, organic fertiliser and recyclables such as steel, aluminium, glass and plastics, thus maximising diversion from landfill and ensuring social, economic and environmentally sustainable management of MSW.

The AnaeCo™ System enables resource recovery intervention closer to source, with enhancement of existing waste transfer stations now a viable waste management option. AnaeCo's experienced team provides design, and commissioning services for AnaeCo™ AWT facilities.

For further information go to www.anaeco.com