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Altech Chemicals, Letter to Shareholders

Dear fellow Altech shareholder,

Over the last few weeks the Company has received numerous enquiries from shareholders about the deterioration of its share price, and whether there has been any significant changes to the Company’s high purity alumina (HPA) project, the HPA market, the senior debt facility or the mezzanine debt due diligence process. The answer is no to all of these, nothing has changed and we continue to make solid progress with project development. Unfortunately, the Company’s share price has been adversely impacted by a recent general sell-down on global equity markets, particularly small-cap battery materials related (lithium, cobalt, graphite and nickel) companies listed on the ASX. We have also been made aware that some institutional investors (funds) have recently adjusted market capitalisation investment thresholds, which has added to the selling of “small-cap” company shareholdings such as Altech.

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