An anonymous director reports

ANAERGIA ANNOUNCES ESCROW CLOSING OF SECOND TRANCHE OF THE STRATEGIC INVESTMENT

Following the initiation on March 28, 2024, by Marny Investissement SA, of a $13.6-million wire payment and its bank confirmation of the same, the second tranche of the previously announced equity investment of $40.8-million with Anaergia Inc. from Marny has closed, in escrow.

The 34 million units of the company in respect of the second tranche will be released from escrow following Anaergia's receipt of the gross proceeds expected forthwith. 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 closing of the first tranche of the strategic investment.

In connection with the closing of the second tranche of the strategic investment, Assaf Onn, a nominee of Marny, will be appointed to the company's board of directors to fill the vacancy to be created by the resignation of Douglas Fridrik Parkhill. The company would like to sincerely thank Mr. Parkhill for his service and contributions to the company.

The third tranche of the strategic investment, with respect to 36.75 million units for gross proceeds of $14.7-million, is expected to close by April 5, 2024, subject to a limited number of customary conditions.

Please refer to the company's news releases dated Dec. 18, 2023, Jan. 2, 2024, Jan. 19, 2024, Jan. 25, 2024, Feb. 2, 2024, and March 13, 2024, for more information with respect to the strategic investment.

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 GHG emissions.

We seek Safe Harbor.