ReNu Energy : Unmarketable Parcel Share Sale Facility

For personal use only

28 February 2022

Sale of Unmarketable Parcels of Shares

ReNu Energy Limited (ASX: RNE) (ReNu Energy) advises that it has established an Unmarketable Parcel Sale Facility (Facility) for shareholders holding less than $500 worth of fully paid, ordinary shares in ReNu

Energy (Shares), (Unmarketable Parcel).

Based on the price of Shares at the close of trading on 25 February 2022 (Record Date) of $0.058, a holding of less than 8,621 Shares constitutes an Unmarketable Parcel.

ReNu Energy is offering the Facility to enable shareholders who hold an Unmarketable Parcel to sell their Shares without having to act through a broker or pay brokerage or handling fees. ReNu Energy will pay all costs associated with the sale and transfer of Shares through the Facility (excluding any tax consequences of the sale, which will be the responsibility of relevant shareholders).

The sale of Unmarketable Parcels through the Facility will also benefit ReNu Energy, as it is expected to reduce the administrative costs associated with maintaining a large number of small shareholdings on ReNu Energy's share register.

In accordance with ReNu Energy's Constitution and the ASX Listing Rules, the attached letter and share retention form (Retention Form) will be sent to all shareholders who hold an Unmarketable Parcel on the Record Date.

Shareholders who hold an Unmarketable Parcel and wish to retain their Shares must opt-out of the Facility by returning their duly completed Retention Form to ReNu Energy's share registry, Link Market Services, in accordance with the instructions on the Retention Form, by no later than 5.00pm (AEST) on 13 April 2022 (Closing Time). Any shareholder who holds an Unmarketable Parcel and does not return a duly completed Retention Form by the Closing Time will have their Shares sold through the Facility.

ReNu Energy will appoint a broker to sell the Shares under the Facility, and the proceeds from the sale of the Shares will be remitted to participating shareholders as soon as practicable following settlement of all Sharessold through the Facility.

ReNu Energy Limited, Corporate House, Kings Row 1, Level 2, 52 McDougall Street, Milton, QLD 4064

Phone: [phone] | Fax: [phone] | Email: [e-mail]

ABN: 55 095 006 090

For personal use only

The key dates in relation to the Facility are set out below:

Event	Date
Record Date for establishing holders of Unmarketable Parcels	5.00pm (AEST) on 25 February 2022
ASX announcement regarding Unmarketable Parcel Sale Facility	28 February 2022
Letter and Retention Form despatched to shareholders holding an	2 March 2022
Unmarketable Parcel
Closing Time for receipt of completed Retention Forms	5.00pm (AEST) on 13 April 2022

ReNu Energy reserves the right to change any of the dates referred to in this announcement or the enclosed letter and Retention Form, or to vary, cancel or delay the Facility or the sale of Shares at any time before Shares are sold, by making an announcement to ASX. ReNu Energy does not provide any recommendationor advice as to whether shareholders holding an Unmarketable Parcel should sell or retain their Shares.

This announcement has been authorised for release to ASX by the Board of ReNu Energy.

For further information, please contact:

Greg Watson

Chief Executive Officer + 61 7 3721 7500

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For personal use only

2 March 2022

Dear Shareholder

ReNu Energy Limited ± Notice of Unmarketable Parcel Sale Facility

ReNu Energy Limited (ReNu Energy) is pleased to advise that it has established an Unmarketable Parcel Sale Facility (Facility) for holders of parcels of fully paid ordinary shares in ReNu Energy (Shares) with a market value of less than $500 as at the close of trading on 25 February 2022 (Record Date), (Unmarketable Parcel).

Based on the price of Shares on the close of trading on the Record Date of $0.058, a holding of less than 8,621 Shares constitutes an Unmarketable Parcel.

The Facility will facilitate the aggregation, and on-sale, of all Unmarketable Parcels. The Facility will allow all Unmarketable Parcel holders to sell their shares without incurring any brokerage or handling costs. ReNu Energy will pay all costs associated with the sale and transfer of Shares through the Facility (excluding any tax consequences of the sale, which will be the responsibility of relevant shareholders).

The sale of Unmarketable Parcels through the Facility will also benefit ReNu Energy, as it is expected to reduce the administrative costs associated with maintaining a large number of small shareholdings on ReNu Energy's share register.

ReNu Energy has the ability to establish the Facility and facilitate the sale of Unmarketable Parcels under its Constitution and the ASX Listing Rules.

Why are you receiving this letter?

Our records indicate that you are the holder of an Unmarketable Parcel based on the price of Shares of $0.058 as at the close of trade on the Record Date.

If you wish to sell your Unmarketable Parcel through the Facility without incurring any brokerage or handling costs, you do not need to take any action. Pursuant to its Constitution, ReNu Energy is authorised to sell your Unmarketable Parcel following the expiry of the six week notice period, unless you complete the share retention form (Retention Form) enclosed with this letter, and return it to ReNu Energy's share register, Link Market Services Limited (Link) before 5.00pm (AEST) on 13 April 2022 (Closing Date).

If, at the Closing Date, the value of your Shares has increased such that you no longer have an Unmarketable Parcel (eg due to an increase in the market price of Shares or the number of Shares you hold), your Shares will not be sold.

If you have multiple holdings of Shares which, if aggregated, would not constitute an Unmarketable Parcel, you may contact Link at 1300 554 474 (within Australia) or [phone] (outside Australia) to amalgamate your holdings. In these circumstances, your Shares will not be sold.

ReNu Energy Limited |	Level 2, 52 McDougall Street, Milton QLD 4064 | PO Box 2046, Milton, QLD 4064
Phone: +61	7 2102 3654 | Fax: [phone] | Email: [e-mail]
	ABN: 55 095 006 090

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For personal use only

You should be aware that the fact that your holding of Shares is described in this letter as an 'Unmarketable Parcel does not mean that you cannot sell your Shares at any time. The use of the term 'Unmarketable Parcel' in this letter is to identify the value of Shares which are eligible for sale through the Facility.

Key dates

The key dates in relation to the Facility are set out below:

Event	Date
Record Date for establishing holders of Unmarketable Parcels	5.00pm (AEST) on 25 February 2022
ASX announcement regarding Unmarketable Parcels Sale	28 February 2022
Facility
Letter and Retention Form despatched to shareholders holding	2 March 2022
an Unmarketable Parcel
Closing Time for receipt of completed Retention Forms	5.00pm (AEST) on 13 April 2022

What do you need to do?

As a holder of an Unmarketable Parcel as at the Record Date, your options are described below:

1. Sell your Unmarketable Parcel ± if you wish to sell your Shares through the Facility, you should take no action. By taking no action, you will be deemed to have irrevocably appointed ReNu Energy as your agent to:

1. sell, or procure the sale of, all of your Shares at a price to be determined, without any costs being incurred by you; and
2. deal with the proceeds of the sale as set out in this letter (for more information about the payment of the sale proceeds through Link, please refer to the enclosed Information Sheet).

ReNu Energy will appoint a broker to facilitate the sale of the Unmarketable Parcels. Payment for your Shares will be remitted to you as soon as practicable, following settlement of the sale of all Shares sold through the Facility.

2. Retain your Unmarketable Parcel ± if you do not wish to sell your Unmarketable Parcel, you must complete and return the enclosed Retention Form in accordance with the instruction on the Retention Form so that it is received by Link before the Closing Date.

ReNu Energy reserves the right to change any of the dates referred to in this letter or the enclosed Information Sheet or Retention Form, or to vary, cancel or delay the Facility or the sale of your Shares at any time before your Shares are sold, by making an announcement to ASX.

ReNu Energy does not provide any recommendation or advice as to whether you should sell or retain your Shares.

Yours sincerely

Boyd White

Chairman

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For personal use only

INFORMATION SHEET

UNMARKETABLE PARCEL SALE FACILITY

1	What is an Unmarketable Parcel?

An Unmarketable Parcel is a holding of fully paid ordinary shares in ReNu Energy Limited (ReNu Energy), (Shares) that is valued at less than $500 as at 5.00pm on 25 February 2022 (Record Date). This is equivalent to a holding of less than 8,621 Shares.

2	Why has the Facility been established?

ReNu Energy has decided to establish an Unmarketable Parcel Sale Facility (Facility) to enable you to sell your Unmarketable Parcel without incurring brokerage or handling costs that could otherwise make a sale of your Unmarketable Parcel uneconomic or difficult. The sale of Unmarketable Parcels through the Facility will also enable ReNu Energy to reduce administrative costs associated with maintaining a large number of relatively small holdings of Shares.

3	Why have I received this letter?

You have received this letter because our records indicate that you held an Unmarketable Parcel of Shares based on the price of Shares of $0.058 as at close of trade on the Record Date.

4	What do I need to do to sell my Shares?

If you wish to sell your Shares you should take no action. Your Shares will be sold through the Facility unless a duly completed Retention Form in respect of your Shares is received by ReNu Energy's Share Registry (Link) before 5.00pm (AEST) on 13 April 2022 (Closing Time) in accordance with the instructions on the Retention Form. A Retention Form is enclosed with this letter.

5	What if I do not wish to sell my Unmarketable Parcel?

If you do not wish to sell your Shares, you must opt-out of the Facility by completing and returning the enclosed Retention Form to the address provided in the Retention Form so that it is received by Link prior to the Closing Time. If Link has not received your Retention Form by the Closing Time, your Shares will be sold through the Facility.

Alternatively, you can purchase more Shares on-market so that you hold at least $500 worth of Shares as at the Closing Time. See Question 12 below for further information.

6	How will my shares be sold under the Facility?

Your Shares will be sold on the Australian Securities Exchange (ASX) by a broker appointed by ReNu Energy.

ReNu Energy Limited |	Level 2, 52 McDougall Street, Milton QLD 4064 | PO Box 2046, Milton, QLD 4064
Phone: +61	7 2102 3654 | Fax: [phone] | Email: [e-mail]
	ABN: 55 095 006 090

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