ASX-Listing Admission Process Update

CleanTech Lithium PLC (AIM: CTL, Frankfurt:T2N, OTCQX:CTLHF), an exploration and development company advancing lithium projects in Chile, announces that whilst the admission process for the Australian Securities Exchange ("ASX") duel-listing runs its course over the coming weeks, the Offer Period has been extended by up to two weeks accordingly.

Capitalised terms that are used but not defined in this announcement have the meanings given to them in the Replacement Prospectus, as reported by the Company on 27 August 2024.

Background:

On 16 August 2024, the Company filed its application for admission to the ASX. The Company is awaiting a formal response from the ASX, a process which can normally take four-six weeks from filing until admission and commencement of trading. The original timetable reported by the Company indicated that the closing dates for the Offer would be 9 September 2024, with the Settlement Date following on 16 September 2024 and an expected commencement date for trading on the ASX on a normal settlement basis being on or around 26 September 2024. This is the date which the ASX is currently showing on its website (Upcoming floats and listings (asx.com.au)).

A condition of the Offer is that the Company receives conditional approval ("Conditional Approval") from the ASX. Receipt of Conditional Approval would then trigger the completion of the Offer process and the subsequent standard process leading to commencement of trading on the ASX.

Revised Timetable and Extension to Offer Period:

The latest information available to the Company is that the ASX may be in a position to formally respond to the Company's application for admission within the next two weeks and, as a result the Company has taken the opportunity, in consultation with its joint brokers, Fox-Davies Capital Ltd and CLSA Australia Pty Ltd (the "Brokers"), to extend the Offer Period up to 23 September 2024.

CleanTech Lithium advises that the Offer Period Closing Date will extend from 9 September 2024 to 5pm AWST on 23 September 2024 or an earlier closing date as determined by the Brokers, following Conditional Approval from the ASX (assuming such Conditional Approval is achieved). The Settlement Date will now be three days after the closing of the Offer Period.

The latest timetable is as follows, although it is possible this may be shortened if Conditional Approval is received earlier than expected and the Offer Period closes earlier too.

The Company will provide a further update once it has received confirmation of the proposed ASX Admission and commencement of trading dates.

To participate in the Offer:

Investors looking to participate in the offers under the Replacement Prospectus can do so by contacting their broker, or if you are a member of the Australian public, by following the instructions at https://www.computersharecas.com.au/ctloffer.

Further information about how to apply and a copy of the Replacement Prospectus can be found here: https://ctlithium.com/investors/asx-listing/. CleanTech Lithium recommends that investors read the Replacement Prospectus in full.

Notes