23 Nov

BPP - Retraction Statement

ASX Release 23 November 2021 BPP Retraction Statement The Board of Babylon Pump & Power Limited (“Babylon” or “Company”), (ASX: BPP), refers to its announcement titled “BPP – Investor Webinar Presentation”, dated 4 November 2021 (“4 November Announcement”). On page 13 of the presentation, the following statement was made in relation to the Company’s future strategy: ? “Set ambitious target of $100M + revenue within next 5 years” (“Statement”) The Statement comprises forecast financial information and/or forward - looking statements for the purpose of the ASX Listing Rules. The Company formally retracts the Statement as set out in the 4 November Announcement and notes that: ? The forecast financial information and forward - looking statements contained in the Statement was not reported in accordance with the requirements of the ASX Listing Rules; ? The Company does not have a reasonable basis that is consistent with the requirements of ASIC Regulatory Guide 170 and Information Statement 214 for the forward - looking statements contained in the Statements; and ? Investors should not rely on the Statement as a basis for any investment decision concerning the Company. This announcement is authorised for market release by the Board of Babylon Pump & Power Limited. For more information, please contact: Michael Shelby Executive Chairman +61 (0) 8 9454 6309 mshelby@babylonpumpandpower.com

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