An anonymous director reports

ANAERGIA ANNOUNCES STRATEGIC INVESTMENT UPDATE

All interim conditions in respect to Anaergia Inc.'s previously announced equity investment of $40.8-million have been satisfied.

Marny Investissement SA has delivered a professional guarantee of payment to Anaergia guaranteeing the performance of its subsidiary's payment obligations in connection with the strategic investment. Anaergia has accepted this guarantee in lieu of the requirement to deliver bank guarantees.

The strategic investment will close in three tranches of 34 million units of the company for gross proceeds of $13.6-million each. The first, second and third tranches may close no later than Jan. 15, 2024, Feb. 15, 2024, and March 15, 2024, respectively. The closing of the first, second and third tranches remain subject to a limited number of customary conditions.

Please refer to the company's news release dated Dec. 18, 2023, for more information with respect to the strategic investment.

About Anaergia Inc.

Anaergia was created to eliminate a major source of greenhouse gases (GHGs) by cost-effectively turning organic waste into renewable natural gas (RNG), fertilizer and water through the use of proprietary technologies. With a record of delivering innovative projects, Anaergia is uniquely positioned to provide solutions to today's most pressing resource recovery challenges using a broad portfolio of proven technologies and multiple project delivery methods. Anaergia is one of the world's only companies with a proprietary portfolio of end-to-end solutions that integrate solid waste processing as well as waste water treatment with organics recovery, high-efficiency anaerobic digestion, RNG production, and recovery of fertilizer and water from organic residuals. The combination of these technologies enhances carbon-negative biogas, clean water and natural fertilizer production, utilizes a minimized footprint, and lowers waste and waste water treatment costs and GHG emissions.

We seek Safe Harbor.