SIMEC Atlantis Energy Limited Bond Offer Fully Subscribed

TIDMSAE

SIMEC Atlantis Energy Limited

18 June 2018

18 June 2018

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THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT FORM PART OF AN OFFER TO SELL OR ISSUE OR A SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE, ANY SECURITIES IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.

SIMEC Atlantis Energy Limited

("Atlantis" or the "Company" or the "Group")

Bond Offer Fully Subscribed

Atlantis, a global leader in the renewable energy sector, is pleased to announce that following the formal launch of its proposed five-year bond through Abundance Investment Limited, the bond is fully subscribed at GBP5.0m and the offer is now closed.

Tim Cornelius, CEO of Atlantis, commented:

"This successful bond issuance completes a remarkable two months for the Atlantis group. Since we announced the oversubscribed GBP20m equity placing to accompany the proposed acquisition of SIMEC Uskmouth Power Limited and readmission process in May, we have been actively involved in pursuing several acquisition and investment opportunities both within the existing GFG Alliance portfolio and externally to build our sustainable power generation portfolio.

"Our relationship with the GFG Alliance and more specifically our incoming strategic investor, SIMEC, is already providing us with the ability to pursue opportunities that were previously unobtainable. The fact that the Uskmouth conversion presents the UK with a solution to the significant issue of waste treatment by in theory converting one million tonnes a year of non-recyclable waste into a sustainable form of baseload energy that would have otherwise potentially ended up as landfill has generated interest right across Europe.

"We will continue to assess each acquisition opportunity in the waste to energy and hydro power markets on its merits and will update the market on progress in due course."

ENDS

Enquiries:

 
 SIMEC Atlantis Energy Limited               via FTI Consulting 
 Tim Cornelius, Chief Executive Officer 
  Andrew Dagley, Chief Financial Officer 
 
 Cantor Fitzgerald Europe (Nominated 
  Adviser and Joint Broker)                 [phone] 
 Rick Thompson 
  Richard Salmond 
 
 Macquarie Capital (Europe) Limited 
  (Joint Broker) 
  Nick Stamp                                [phone] 
 
 FTI Consulting                             [phone] 
 Ben Brewerton 
  Alex Beagley 
  James Styles 
 

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END

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June 18, 2018 02:00 ET (06:00 GMT)