17 Nov 2021

Response to media article

1 Response to m edia a rticle Magnis Energy Technologies Ltd (ASX: MNS) (the Company ) refers to an article published in this morning's The Australian titled "Watchdog investigates Magnis Energy chair, company in sights" ( m edia a rticle ). The m edia a rticle contains a number of unsubstantiated statements regarding the Company. The C ompany is not under investigation by ASIC. The media article repeats previously published speculation concerning trading in the C ompany's shares and inquiries undertaken by ASIC in relation to some trading in those shares, the C ompany is not aware of any material which would indicate that the C ompany is or is likely to be under any form of investigation. The C ompany remains committed to delivering on its majority owned gigawatt scale lithium - ion battery project in New York . The Company confirms it is in compliance with the ASX Listing Rules , and in particular, Listing Rule 3.1 . This announcement has been authorised for release by the Board of Magnis Energy Technologies Limited (ACN 115 111 763). For further information: Julian Rockett General Counsel & Company Secretary e. julian.rockett@magnis.com.au www.magnis.com.au Suite 9.03 Aurora Place, 88 Phillip Street, Sydney NSW 2000 1 7 N O V E M B E R 2 0 2 1

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