An anonymous director reports

ANAERGIA ANNOUNCES FURTHER UPDATE TO STRATEGIC INVESTMENT

Anaergia Inc. is continuing to finalize the transaction of the $13.6-million first tranche of the previously announced equity investment of $40.8-million from Marny Investissement SA. Marny has advised the company that it is resolving the circumstances that led to the payment delay and expects to initiate transmission of payment on Jan. 29, 2024.

The 34 million units of the company in respect of the first tranche will be released following Anaergia's receipt of the gross proceeds of the $13.6-million. Each unit consists of one subordinate voting share of the company and one-fifth of one subordinate voting share purchase warrant of the company. Each warrant entitles the holder to purchase one additional subordinate voting share at an exercise price of 80 cents for a period of three years following the date hereof.

Please refer to the company's news releases dated Dec. 18, 2023, Jan. 2, 2024, and Jan. 19, 2024, 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 organic 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.