Shaw and Partners is pleased to have been appointed as Joint Lead Manager and Bookrunner to a capital raising by Hazer Group Limited (ASX.HZR).

Hazer raised A$8.0 million via an institutional placement of approximately 25.8 million new fully paid ordinary shares (“New Shares”) under the Company’s existing placement capacity in accordance with ASX Listing Rule 7.1 and 7.1A (the “Placement” or the “Offer”). Directors and Management have committed over $1.0 million subject to Shareholder Approval at Hazer’s Annual General Meeting expected to be in the November 2025, demonstrating strong internal support. The Company will also conduct an SPP to eligible existing shareholders to raise A$2.0 million, with the ability to accept oversubscriptions.

New securities issued under the Offer were issued at $0.31 per share. The Offer Price reflects a: 13.9% discount to the last traded price on 12 June 2025 of A$0.36; a 17.6% discount to 5-day VWAP of $0.3761 and a 19.7% discount to 10-day VWAP of $0.3863.

Proceeds will be used to accelerate Hazer’s commercialisation strategy to advance and scale up Hazer’s proprietary methane pyrolysis technology, progress its synthetic graphite product development, increase partner engagement to deliver binding licensing agreements, and extend working capital runway to support long term growth.

Hazer is an Australian technology company, driving global decarbonisation efforts with the commercialisation of the company’s disruptive world-leading climate-tech. Hazer’s advanced technology enables the production of clean and economically competitive hydrogen and high-quality graphite, using natural gas (or biogas) feedstock and iron-ore as the process catalyst.

This offer is available to Wholesale investors only (as that term is defined in the Corporations Act). Shaw and Partners Limited acted as Joint Lead Manager for Hazer Group Limited in relation to the offer and received fees for that service.