Member Info for Cliveas

EBIOSS Energy intends that the Company should remain quoted on AIM and may only vote their shareholding in favour of a cancellation from admission to trading on AIM if the independent directors of REACT (i.e. those directors that have not been nominated by EBIOSS Energy as their representative(s)) recommend such cancellation or if it is in connection with (a) an offer for the entire issued share capital of the Company made by a person other than EBIOSS Energy or its associates; or (b) the New Ordinary Shares are already or will be admitted to trading on an EU regulated market. As stated above, the Company has a number of projects at various stages of development, and the Directors believe that the development of these projects can be best progressed by funding and technology provided by EBIOSS Energy. The Directors believe that the investment by EBIOSS Energy to be a confirmation of its belief in both the opportunities in the renewable energy sector and also in the prospects for the Company generally. The intention is that REACT as a 51 per cent. subsidiary of EBIOSS will also act as an investment vehicle for the EBIOSS Group with the objective of investing in RDF gasification projects mainly in UK but also other countries worldwide. REACT will benefit from having opportunities to access to a pipeline of gasification projects in UK that have undergone a detailed process of due diligence and project structuring by the engineers and project developers within the EBIOSS Group. The current EBIOSS Energy project pipeline includes more than £330 million worth of potential projects in the UK alone and this pipeline is constantly being reviewed and added to by the EBIOSS team. REACT will be able to offer international visibility to the EBIOSS Group and specifically the EGT and act as a vehicle to access the financial markets in order to raise capital for investing with co- developers in appointed UK projects. In this regard, EBIOSS Energy is already in discussions with one Chinese based firm, Energy China, about becoming a co-developer of UK projects with the EBIOSS Group, which on completion of the Proposals is intended to include REACT. EBIOSS Energy has confirmed that, subject to the completion of the Conversion Agreement, it intends (but has no legal obligation) to consider and use all reasonable efforts to provide opportunities for the Company to participate in gasification projects which EBIOSS Energy or its associates may wish to advance in the United Kingdom. However, there is no legal obligation for EBIOSS Energy to provide such opportunities to the Company and as a result, EBIOSS Energy may develop gasification projects in the UK independently of the Company.

5m euros for 51% stake!!!!! Lots to take in but will they back in the four recent waste projects in to the new company? I think they will!

Significant Investment by EBIOSS Energy in REACT Energy Group and Notice of EGM HIGHLIGHTS · EBIOSS Energy has conditionally assigned the benefit of the €5,150,226 debt due to EBIOSS Energy from REACT's 50.02 per cent. subsidiary, Newry Biomass Limited ("NBL"), pursuant to the EQTEC Agreement (the "NBL Debt"), to REACT pursuant to the Settlement Deed · REACT has conditionally issued, subject to, inter alia, Shareholder approval, 78,210,000 New Ordinary Shares to EBIOSS Energy (the "New EBIOSS Shares") in lieu of cash settlement of the NBL Debt pursuant to the Conversion Agreement, which will result in EBIOSS Energy holding 51 per cent. of the Enlarged Share Capital of REACT · The New EBIOSS Shares are being issued at a price of 5.53 pence (the "Conversion Price"), which represents a premium of 47.5 per cent. to the closing mid-market share price on 9 January 2017 of REACT of 3.75 pence · As the Conversion Price is below the nominal value of the Existing Ordinary Shares of €0.10 each, the issue of the New EBIOSS Shares is therefore conditional on, inter alia, Shareholder approval of the Share Capital Reorganisation which will result in each of the Existing Ordinary Shares being divided into and reclassified as one New Ordinary Share of €0.001 and one 2017 Deferred Share of €0.099 · As the issue of the New EBIOSS Shares will result in EBIOSS Energy holding 51 per cent. of the Enlarged Share Capital of REACT, their issue is conditional on, inter alia, Independent Shareholder approval of the waiver of the requirements of Rule 9 of the Irish Takeover Rules that would otherwise arise on EBIOSS Energy to make a general offer to all Shareholders · At the EGM, the Company is also asking Shareholders to vote on the change of its name to EQTEC PLC · The Proposals are subject, inter alia, to Shareholder approval of the Resolutions, including the Whitewash Resolution, to be sought at the EGM, convened for 11:30 a.m. on 6 February 2017. A circular will be posted to Shareholders today convening the EGM (the "Circular")

Is now a totally different proposition to what it was this time last year. For over a month we have seen high volume of buys largely suppressed by two distressed sellers (now finished imv) creating liquidity for the first time in this share confirming now this is very much on a number of investors radar as undervalued. Ebioss continues to support providing working capital via an unsecured loan. Funding has been sourced for Newry (11m) and DD is to be completed anyday now. Claycross is ready to be moved forward and Enfield has a glimmer of hope with discussions with the new landlord of the site. Ebioss are moving into the uk in conjunction with chinese funding and Reacts AIM listing is very much on their shopping list in my view. Been tipped as one to watch and target price of 10p is not out of the question very soon. (look back at trouts posts as much more informative) As ever DYOR.

Confirmation re seller which I believe will be clear today looking at volume and rise. Shud move freely re supply and demand and expect this to move north for hear as undervalued in light of Newry progress re Newry and Ebioss interest. GL.

On the run time for the b word yet?

Could move up substantially with full ask paid! Last chance under 4p? GL

Buys now over 3.5 have Mm finally run out? GL.

Buys now stacking up with 1.7m traded! Mm have go to move this soon? News leak? GL.

Building momentum and another 750k gone. Watch this space when supply runs out! (is someone accumulating prior to funding news? ( Ebioss)) Got to pop at some stage! GL

Well up on usual trading with overhang gone or very nearly imv. Both sellers will have helped with liquidity and expect further increases with news very soon imho. GL

So the liquidator is selling and fast. This means we have an artificial low price which imv should be way north of here. News re funding imminent imv and a bargain at this price whilst it lasts which is not long. GL

Is the year this company and SP starts to reflect its potential! Overhang cleared Funding confirmation due and hinted before year end for Newry Clay cross in pipeline Enfield not dead with discussion with new landowners Ebioss committing funds unsecured to support and circling for a TO at some stage imv. DYOR and have a very Merry Christmas and a nice break from these bb's.

By choosing the right location, the right technology and the right processing, energy from waste can help to deliver much needed long-term affordable, low carbon and secure energy. The EGT can operate economically over a wider range of scales and is therefore potentially more flexible and has the potential to generate much greater efficiencies through a range of outputs. The UK faces a potential energy gap, with the margin of supply over demand expected to diminish to very-thin levels from 2015 onwards. The scheduled closure of old nuclear facilities has not been matched by the construction of replacement new-build nuclear sites and/or other power station facilities. REACT and EBIOSS Energy have entered into mutually beneficial business arrangements over the last year with the objective of working closer together to avail of opportunities initially in the UK EfW market. As noted above, NBL entered into an agreement with EBIOSS Energy to purchase its EGT, with a power output of 4MW, which NBL will use in the repowering of the Newry biomass plant. The equipment has been delivered and is currently on site in Newry. Once financial close on the repowering of the Newry biomass plant is achieved, the Company expects that the plant will be able to again export electricity to the grid within 15 months (i.e. pre 31 March 2018). NBL applied and received confirmation from Ofgem that they have granted an extension to 31 March 2018 for the RO registration of the Newry biomass plant, at which point the plant will need to have been repowered and commissioned, which the Company intends it will have been. The Company announced on 11 October 2016 that it has signed conditional heads of agreement with several parties to potentially fund, through a combination of equity and debt, the repowering of the plant. The heads of agreement envisage a total investment of up to £11.2 million to be made both directly, and indirectly through REACT, into NBL. Clay Cross Biomass anticipates utilising the EGT, the same technology that the Company is installing at Newry Biomass, to power the plant as part of the EPC contract for the construction of the Clay Cross Facility. Once commissioned, the Clay Cross Facility is expected to convert approximately 80,000 tonnes per annum of construction and demolition (C&D) waste wood, which is currently sent to landfill, to generate up to 12MW of electrical energy, sufficient to provide electricity for over 18,000 homes, and up to 14MW of thermal energy per annum. The Company is currently in preliminary discussions to secure finance for the construction of the Clay Cross Facility and estimates that it will take approximately 18 months from obtaining finance to the final commissioning of the plant. The expected cost to develop the Clay Cross Facility is approximately £50 million. Only snippets as no time but read it all lots of info. Newry imminent with Clay Cross to follow. GL.

Highlights only brief as have to go out : · Exited the Examinership process in July 2015 · Recommenced trading of the Company's shares on AIM · Secured a €750,000 loan facility in January from EBIOSS which the Company has now fully utilised. · Secured £1m in funding by way of a Secured Loan facility with EcoFinance (GLI) Limited which included a refinancing of a number of existing debt facilities with Altair Group Investment Limited. · Entered into an agreement in December with EBIOSS to purchase its EGT technology with a power output of 4MW, which NBL will use in the repowering of the Newry Biomass gasification project · The gasification equipment purchased from EBIOSS cost €4.963 million (subsequently increased to €5.150 million and will form part of an Engineer, Procure and Construct ("EPC") contract to be signed between NBL and EQTEC Iberia ("EQTEC"), a subsidiary of EBIOSS, in respect of the Newry Project. REACT has granted EQTEC exclusivity to provide gasification technology as part of EPC contracts for its biomass gasification project pipeline in the UK · NBL applied and received confirmation from The Office of Gas and Electricity Markets ("Ofgem") that they have been granted an extension to 31 March 2018 for the Renewables Obligation ("RO") registration of the Newry Project · Gained planning approval for the construction and operation of an energy recovery facility using EGT at Clay Cross in Derbyshire by Clay Cross Biomass Limited a company in which REACT has a 90% interest, subject to finalising a Section 106 agreement pursuant to the conditions set out in the report by the planning authorities · Continued to operate its wind turbine at Pluckanes and three biomass heat projects in the UK

And spread a closed up but still way too wide. Has the seller finally cleared I had them down for 500k left before todays trades. GL

Will be gone very soon with this sort of buying volume and then with news this should be way north of here. Funding is via loans from funds and react taking equity stake in the holding company of the Newry plant. Ebioss are coordinating this and also providing funds for working capital until Jan 2018 on an unsecured loan basis. Now why do this if not confident in the futurte of react but dyor. GL.

Looks like good progress being made with some of Rasmala repaid as well.

What value would you put on the company after the funding is approved and Newry gets under way?

Just gone through! RNS lodged? Worked last time. Seller can't have many left and when they're gone then north we go. Can hit 5/6p with little effort and could go further on the right news. GL.