An anonymous director reports

ANAERGIA ANNOUNCES FURTHER STRATEGIC INVESTMENT UPDATE

Marny Investissement SA has advised Anaergia Inc. that the final payment of $28.3-million, representing the rest of the previously announced equity investment of $40.8-million, will be delayed past its due date of March 15, 2024. Marny expects the foregoing payment to be received by Anaergia on or about March 31, 2024.

The first tranche of the strategic investment closed on Feb. 2, 2024, with the issuance of 31.25 million units of the company for gross proceeds of $12.5-million. An additional 70.75 million units would be issuable upon closing of the rest of the strategic investment, which remains subject to a limited number of customary conditions.

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 closing of the first tranche.

Please refer to the company's news releases dated Dec. 18, 2023, Jan. 2, 2024, Jan. 19, 2024, Jan. 25, 2024, and Feb. 2, 2024, for more information with respect to the strategic investment.

About Marny Investissement SA

Marny is a Luxembourg-based holding company which focuses on investment properties in central and eastern Europe. Marny invests in high-quality projects that utilize advanced technology and materials, and through Marny's collaborations with its partners, it ensures that its investments are well managed and yield maximum value.

About Anaergia Inc.

Anaergia was created to eliminate a major source of greenhouse gases by cost-effectively turning organic waste into renewable natural gas, 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 greenhouse gas emissions.

We seek Safe Harbor.