Global Energy Ventures : Corporate Presentation

Compressed Hydrogen

Enabling the path to decarbonisation

Compression | Simplicity | Efficiency

www.gev.com

Singapore Roadshow

28 March 2022

ASX.GEV

This presentation and these materials (together the "Presentation") have been prepared by Global Energy Ventures Limited ABN 53 109 213 470 (ASX:GEV) ("GEV") as a summary of GEV's operations and results for the purposes of a presentation to existing or potential investors in GEV. By participating in this Presentation or reviewing or retaining these materials, you acknowledge and represent that you have read, understood and accepted the terms of this Important Notice and Disclaimer.

This Presentation should be read in conjunction with GEV's 30 June 2021 Annual Report lodged with the Australian Securities Exchange ("ASX") on 26 August 2021 and other periodic and continuous disclosure announcements that have been lodged by GEV with the ASX.

This Presentation may contain forward looking statements concerning projected costs, approval timelines, construction timelines, earnings, revenue, growth, outlook or other matters ("Projections"). Any such Projections are based on assumptions which may differ materially from the actual circumstances which may arise and actual results may vary materially from Projections. You should not place undue reliance on any Projections, which are based only on current expectations and the information available to GEV. The expectations reflected in such Projections are currently considered by GEV to be reasonable, but they may be affected by a range of variables that could cause actual results or trends to differ materially, including but not limited to: price and currency fluctuations, the ability to obtain reliable gas or hydrogen supply, gas reserve estimates, the ability to locate markets for CNG or hydrogen, fluctuations in gas and hydrogen prices, project site latent conditions, approvals and cost estimates, development progress, operating results, legislative, fiscal and regulatory developments, and economic and financial markets conditions, including availability of financing.

GEV undertakes no obligation to update any Projections for events or circumstances that occur subsequent to the date of this Presentation or to keep current any of the information provided, except to the extent required by law.

This Presentation is not a disclosure document, is for information purposes only, should not be used as the basis for making investment decisions or other decisions in relation to GEV or its securities, and does not constitute an offer to issue, or arrange to issue, securities or other financial products. This Presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. You should consult your own advisors as to legal, tax, financial and related matters and conduct your own investigations, enquiries and analysis concerning any transaction or investment or other decision in relation to GEV.

This Presentation, including opinions set out in it, is based on information compiled or prepared by GEV from sources believed to be reliable, although such information has not been verified in all instances. GEV has no obligation to tell recipients if it becomes aware of any inaccuracy in or omission from the information in this Presentation. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions or conclusions contained in this Presentation. To the maximum extent permitted by law, none of GEV, its directors, employees, advisors or agents, nor any other person, accepts any liability, including without limitation any liability arising out of fault or negligence, for any loss arising from the use of the information contained in this Presentation. In particular, no representation or warranty, express or implied, is given as to the accuracy, completeness, likelihood of achievement or reasonableness of any forecasts, Projections or prospects referred to in this Presentation.

No distribution in United States or other jurisdictions outside Australia

This Presentation does not constitute an offer or recommendation to purchase or sell any securities in any jurisdiction, nor an invitation to apply for such securities in any jurisdiction, and will not form part of any contract for the acquisition of securities in GEV. This Presentation does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States. Any securities described in this Presentation have not been, and will not be, registered under the US Securities Act of 1933, as amended ("Securities Act") or the securities laws of any state or other jurisdiction of the United States and may not be offered or sold in the United States except in transactions exempt from, or not subject to, registration under the Securities Act and applicable US state securities laws. This Presentation may not be released to US wire services or distributed in the United States.

The distribution of this Presentation in other jurisdictions outside Australia may also be restricted by law and any such restrictions should be observed. Any failure to comply with such restrictions may constitute a violation of applicable securities laws. By accepting this Presentation you represent and warrant that you are entitled to receive such Presentation in accordance with applicable laws.

Non-IFRS Financial Information

This Presentation may use non-IFRS financial information. Non-IFRS measures have not been subject to audit or review. Certain of these measures may not be comparable to similarly titled measures of other companies and should not be construed as an alternative to other financial measures determined in accordance with Australian accounting standards.

$ refers to Australian Dollars unless otherwise indicated.

This presentation was authorised by the CEO for release on 25 March 2022

Global Energy Ventures (GEV) is making the future of green hydrogen accessible through the simplicity and efficiency of compressed hydrogen.

Our mission is to become a leading developer of integrated green hydrogen projects.

Board & Management

Australian company with energy infrastructure, utilities, ship newbuilds, operations, and capital markets

Developing a portfolio of integrated green hydrogen projects, leveraging innovative compressed shipping IP to be first to market

Value creation through innovative IP and projects with a focus on 'simplicity and efficiency'. Focus on project origination, development, construction and operations.

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Origination of integrated hydrogen export projects for regional export markets using compression

• > Project development leverages benefits of compression

• > 2.8 GW Tiwi H2 Project announced in October 2021 (Tiwi Islands, NT)

  • > Closest export port location to Asian markets

  • > Brownfield development opportunity, no native title, low environmental impact

  • > Traditional owner and NT Government support

  • > Phased development to benefit from ongoing capex/opex cost reductions & growth in offtake markets

• > Commercial, technical and financial partners will be introduced at the right time to maximise value to GEV shareholders.

• > Collaboration with bankable green hydrogen developers seeking a regional export solution

• > HyEnergy Project announced in August 2021

  • > Large-scale 8 GW Project

  • > Located on the Gascoyne Coastline, WA

  • > Partner includes global energy major with access to customers

  • > GEV supported by WA Government funding for its feasibility

• > Screening continues on a global portfolio of opportunities that are suitable for compressed hydrogen transport

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In-house team with +20yrs with experience in innovative design for bulk-scale gas carrier solutions

• > Proprietary GH2 Carrier under development with AIP for two capacity carriers by ABS.

• > Final Class Approvals for ship construction in 2023

• > Technical partners include: Wartsila, Ballard Power Systems, APL/NOV

• > Patent IP portfolio, complementing our Patents for compressed natural gas in shipping (CNG Optimum)

• > Integration with onshore and offshore loading, unloading and mooring systems

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