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Compression | Simplicity | EfficiencyIntroduction Meeting, 17 March 2021

Compression | Simplicity | Efficiency

(ASX.GEV) | gev.com

Compression | Simplicity | Efficiency

Investor Presentation – 29 March 2021ASX: GEV

gev.com

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Important Notice and DisclaimerThis presentation and these materials (together the “Presentation”) have been prepared by Global Energy Ventures Limited ABN 53 109 213 470 (ASX:GEV) (“GEV”) as asummary of GEV’s operations and results for the purposes of a presentation to existing or potential investors in GEV. By participating in this Presentation or reviewing orretaining these materials, you acknowledge and represent that you have read, understood and accepted the terms of this Important Notice and Disclaimer.

This Presentation should be read in conjunction with GEV’s 31 December 2019 Half Year Report lodged with the Australian Securities Exchange (“ASX”) on 26 February2020, GEV’s 2019 Annual Report lodged with the ASX on 2 September 2019, and other periodic and continuous disclosure announcements that have been lodged byGEV with the ASX.

This Presentation may contain forward looking statements concerning projected costs, approval timelines, construction timelines, earnings, revenue, growth, outlook orother matters (“Projections”). Any such Projections are based on assumptions which may differ materially from the actual circumstances which may arise and actualresults may vary materially from Projections. You should not place undue reliance on any Projections, which are based only on current expectations and the informationavailable to GEV. The expectations reflected in such Projections are currently considered by GEV to be reasonable, but they may be affected by a range of variables thatcould cause actual results or trends to differ materially, including but not limited to: price and currency fluctuations, the ability to obtain reliable gas supply, gas reserveestimates, the ability to locate markets for CNG, fluctuations in gas and CNG prices, project site latent conditions, approvals and cost estimates, development progress,operating results, legislative, fiscal and regulatory developments, and economic and financial markets conditions, including availability of financing.

GEV undertakes no obligation to update any Projections for events or circumstances that occur subsequent to the date of this Presentation or to keep current any of theinformation provided, except to the extent required by law.

This Presentation is not a disclosure document, is for information purposes only, should not be used as the basis for making investment decisions or other decisions inrelation to GEV or its securities, and does not constitute an offer to issue, or arrange to issue, securities or other financial products. This Presentation has been preparedwithout taking into account the investment objectives, financial situation or particular needs of any particular person. You should consult your own advisors as to legal,tax, financial and related matters and conduct your own investigations, enquiries and analysis concerning any transaction or investment or other decision in relation toGEV.

This Presentation, including opinions set out in it, is based on information compiled or prepared by GEV from sources believed to be reliable, although such informationhas not been verified in all instances. GEV has no obligation to tell recipients if it becomes aware of any inaccuracy in or omission from the information in thisPresentation. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions orconclusions contained in this Presentation. To the maximum extent permitted by law, none of GEV, its directors, employees, advisors or agents, nor any other person,accepts any liability, including without limitation any liability arising out of fault or negligence, for any loss arising from the use of the information contained in thisPresentation. In particular, no representation or warranty, express or implied, is given as to the accuracy, completeness, likelihood of achievement or reasonableness ofany forecasts, Projections or prospects referred to in this Presentation.

No distribution in United States or other jurisdictions outside AustraliaThis Presentation does not constitute an offer or recommendation to purchase or sell any securities in any jurisdiction, nor an invitation to apply for such securities in anyjurisdiction, and will not form part of any contract for the acquisition of securities in GEV. This Presentation does not constitute an offer to sell, or a solicitation of an offerto buy, securities in the United States. Any securities described in this Presentation have not been, and will not be, registered under the US Securities Act of 1933, asamended (“Securities Act”) or the securities laws of any state or other jurisdiction of the United States and may not be offered or sold in the United States except intransactions exempt from, or not subject to, registration under the Securities Act and applicable US state securities laws. This Presentation may not be released to USwire services or distributed in the United States.The distribution of this Presentation in other jurisdictions outside Australia may also be restricted by law and any such restrictions should be observed. Any failure tocomply with such restrictions may constitute a violation of applicable securities laws. By accepting this Presentation you represent and warrant that you are entitled toreceive such Presentation in accordance with applicable laws.Non-IFRS Financial InformationThis Presentation may use non-IFRS financial information. Non-IFRS measures have not been subject to audit or review. Certain of these measures may not becomparable to similarly titled measures of other companies and should not be construed as an alternative to other financial measures determined in accordance withAustralian accounting standards.$ refers to Australian Dollars unless otherwise indicated.

gev.com This presentation was authorised for release on 26 March 2021 by the Board of Global Energy Ventures Ltd..

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Experienced team in value creation and material ownership of equity aligned with shareholders

Board & Management Team

Maurice BrandExecutive Chairman & Chief Executive OfficerOwnership: 22.3M shares

Garry TriglavcaninExecutive Director & Chief Development OfficerOwnership: 11.9M shares

Martin CarolanExecutive Director, Corporate & FinanceOwnership: 10.9M shares

Andrew PickeringNon-Executive DirectorOwnership: 2M shares*

John Fitzpatrick Chief Technical Officer GEV CanadaOwnership: 0.9M shares

David StenningChief Operating OfficerGEV CanadaOwnership: 0.8M shares

* Subject to shareholder approval

Corporate Overview

Notes:1. Listed Options GEVOA, expiry 26 May 2023, exercise $0.122. Performance Rights issued to Maurice Brand, Garry Triglavcanin, Paul Garner, Martin Carolan and consultants3. Refer to the 30 June 2020 Annual Report for full details of the Milestone Conditions4. Excludes share held by the Board & Management5. Including shares held by the Board & Management

Ordinary Shares on Issue (GEV.ASX) 450m (75%)

Market Capitalisation $45m

Cash Balance* $8.1m

Listed Options on Issue (GEVOA.ASX) 1 96.7m (19%)

Performance Shares 3 14m (3%)

Performance Rights 2 16.5m (3%)

Fully Diluted Shares 577.2m (100%)

Board and Management ~13%

Institutional & HNW 4 ~45%

Top 20 shareholders 5 ~51%

Top 50 shareholders 5 60%

Capital Structure

Shareholder Summary (Undiluted)

* Post $6.3 million Capital Raising completed 22 February 2021

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Working with Energy Majors in Brazil Pre-Salt > Multiple development projects backed by global energy majors

seeking a commercialisation strategy for associated offshore gas.

> Targeting FEED level acceptance in 2021

CNG Optimum for Natural Gas

Global developer of integrated compressed shipping projectsAdvancing regional green marine transport solutions for natural gas and hydrogen

C-H2 Ship for HydrogenIn development – World First

2,000 tonne hydrogen capacityApproval in Principle & US Patent Filed

100% green hydrogen supply chain

Ready for CommercialisationPatented design for 200 MMscf of natural gas

Full Design Approval for ConstructionLow CO2e supply chain emissions

Advancing Ship Approvals & Pilot Project> Solution for large-scale green hydrogen projects from Australia to

Asia-Pacific

> Targeting Full Design Approvals in 2022

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> CNG established as a viable alternative to deepwater pipelines or reinjection

> Gas is compressed on FPSO and loaded via the dual STL system

> Fleet of up to 5 CNG ships to match the gas export design rate

> Proposal is for a 15+ year charter for gas delivered to a dedicated CNG terminal

> Next stage of engineering (FEED) to recommence in early 2021

> Second Brazilian operator engaged to evaluate CNG transport for in-development fields

Technical Acceptance The ability of the proposedexport solution to load, store,transport and unload the rich gasspecification by maintaining thegas in single phase throughouteach of these processes.

Continuous Gas Export The proposed CNG ship fleetprovides a reliable, available &maintainable solution forcontinuous gas export.

Competitive Charter Rates The commercial model includedcompetitive charter rates for thefleet of CNG ships.

FPSO (Gas Supply)

Fleet of CNG Ships sized to gas production and distance to CNG Terminal

STL System

Unloading Terminal

Partners include:

Working with energy majors in Brazil Pre-SaltCNG Commercialisation Plan (2020) concluded no technical ’show-stoppers’

Loading

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Global market for hydrogen set to grow 10-20x through to 2050Scale solutions for storage and marine transport the key to unlocking market demand

Hydrogen targeted to account for up to 20% of primary energy consumption, and represents a US$2.5T addressable market (BP Energy Outlook 2020)

+USD 30 Billion in stimulus committed from France, Germany, US, China, Japan, South Korea & Australia to develop a hydrogen economy

USD 300B capital committed across the value chain without a proven and scalable storage and transport solution (Hydrogen Council, Feb 2021)

ESG funds heavily investing in companies with a technology or economic advantage across the hydrogen supply chain driving a re-rate in value

Hydrogen industry embracing new storage and transport solutionsto facilitate domestic and export markets for end-use applications

Cost of green hydrogen target of A$2/kg to reach pricing parity with fossil fuels (cost of renewable power and electrolyser)

End user markets now evolving, with a focus on heavy emitting industries (cement, refining, power, heavy transport).

Industry demand assumptions to grow…

Hydrogen now established as an investment thematic with significant tailwinds …

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Receipt of ABS Approval In Principle confirms there are no unresolvable or unmitigable risks to prevent successful development of the 2,000 tonne C-H2 Ship

2,000 tonne storage capacity

Compressed H2 stored at a pressure of 250 bar

MOU signed with Ballard to design and develop a hydrogen fuel cell system to power the C-H2 ship using H2 from its storage tanks

Partners/suppliers include:

C-H2 Ship

First mover advantage using compression for transportWorld first development of a large-scale zero emission marine supply chain as C-H2

Pilot scale ships will be optimised to project requirements

November 2020: American Bureau of Shipping (ABS) engaged & C-H2 Ship specification completed

December 2020: US patent application filed

January 2021: MOU’s signed with Ballard Power Systems & Pacific Hydro (Pilot Project Opportunity)

March 2021: Scoping Study confirms C-H2 as a competitive supply chain for export of green hydrogen

March 2021: ‘Approval in Principle’ from ABS classification society

Now: Engaging with technical partners, projects, end customers & governments

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Focus is on the Asia PacificAustralia leads the world with a national hydrogen strategy focussed on building hydrogen supply chains, large-scale export projects under development

Low end of the cost curve…Large scale green projects with access to markets…

> Japan & South Korea building out storage, distribution and applications for green hydrogen

> Demand growth to be 10x by 2040

> Australia has abundance of renewable resources

> 5 of the world’s top 10 green hydrogen projects globally

> National hydrogen strategy & funding to follow

Competing on CostProjected green hydrogen production costs by 2030 ($/kg)

Source: Bloomberg NEFLevelised cost of Hydrogen assuming optimizing projection for alkaline electrolyzer costs

9Levelised Cost of Hydrogen for 200,000 tpa

Scoping Study confirms C-H2 is competitive with zero emissions Evaluated levelised cost and energy efficiency for C-H2, Liquefied Hydrogen & Ammonia

Levelised Cost of Hydrogen (LCOH) for the C-H2supply chain was very competitive as a marinetransport solution for green hydrogen for distances2,000 nautical miles & remained competitive to 4,500nautical miles.

C-H2 was viewed as a simple and energy efficientsupply chain, benefitting from maintaining hydrogenin a pure gaseous form.

C-H2 had minimal technical barriers forcommercialisation to meet export market timelines.

C-H2 was seen as the ideal solution for volatility inrenewable generation, as it had the ability to “loadfollow”, whereas LH2 and NH3 could not.

CONCLUSIONS

100% GREEN SUPPLY CHAIN ANALYSIS

> Export volumes of 50,000; 200,000 & 400,000 tonnes pa

> Market distances of 2,000; 4,000 & 6,000 n. miles

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1. Compression/Load: Compress and load green hydrogen directly from the electrolyser to the C-H2 ship at an operating pressure of250 bar. A C-H2 Ship is always berthed at the port and therefore eliminates the requirement for storage prior to loading.

2. C-H2 Shipping: Store and transport hydrogen in it’s pure gaseous form. Each C-H2 Ship has a storage capacity of 2,000 tonnes ofhydrogen and is powered by electric drive engines and onboard fuel cells (using hydrogen direct from ship’s cargo). The C-H2 ship isa closed system and does not result in any boil-off.

3. Decompression/Unload: C-H2 Ship unloads pure gaseous hydrogen to the customer for fuel cell applications. The ship unloadsunassisted (due to its high pressure cargo), with only minor scavenging compression required in the final stages.

3 Simple Steps to the C-H2 Supply Chain

C-H2 supply chain is simple and energy efficientLeverages the application of compression – a proven technology in H2 storage & transport

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Efficiency of the supply chain has significant impact on delivered costC-H2 is the most energy efficient solution for delivery of H2 over regional distances

Energy Rating for C-H2, LH2 and NH3

Use (kWh / kg H2) Losses (% day)

Very High 10.0 + 2.0 + %

High 5.0 – 10.0 0.5 – 2 %

Moderate 1.0 – 5.0 0.2 – 0.5 %

Low Less than 1.0 Less than 0.2 %

KEY FINDINGS

> Compression is integral to allthree supply chains to increasethe volumetric energy densityof hydrogen.

> C-H2 supply chain has minimaltechnical barriers, with shipclassification approvals beingkey.

> LH2 supply chain is significantlymore complex with additionalenergy intensive processes aswell as onshore storagerequirements.

> NH3 supply chain usespredominately mature and well-developed technologies.However, if the end userrequires high purity hydrogen,then technical barriers exist tocrack and purify Ammonia.

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Breakdown of energy usage (% of hydrogen delivered)(1)

Yes C-H2 has low energy density but the supply chain is energy efficient

Energy delivered(1) to the end customer as ‘hydrogen’ over 2000 to 4000 nautical miles:

> C-H2 supply chain 75-85%

> LH2 supply chain 60-65%

> NH3 supply chain 47-50%

Compression 1 kWh/kg

3%

C-H2 Supply ChainDistance to Market 2,000 - 4,000 n.m.

Hydrogen Delivered75 – 85%

Shipping2,000 nm

11%

Import 1%

+ Shipping4,000 nm

10%

LH2 Supply ChainDistance to Market: 2,000-4,000 n.m.

Liquefaction 11 kWh/kg

27%

Hydrogen Delivered60-65%

Shipping2,000 nm

5%

Import 3%

+ Shipping4,000 nm

5%

NH3 Supply Chain Distance to Market: 2,000 - 4,000 n.m.

NH3 Synthesis 9 kWh/kg

23%

Hydrogen Delivered47-50%

Shipping2,000 nm

3%

+ Shipping4,000 nm

3%

Cracking & Purification24%

Note: (1) Analysis and breakdown of the energy delivered in this slide is based on the Scoping Study completed by GEV and released on 1 March 2021. Please refer to the Appendix A – Scoping Study Assumptions.

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GEV IS EVALUATING OPPORTUNITIES TO ESTABLISH A C-H2 SUPPLY CHAIN FOR HYDROGEN EXPORT

> Focus Area: Mid-Northern Australia

> Evaluation of Partners with existing projects to review C-H2 (Pilot or Commercial Scale)

> GEV to develop its own renewable hydrogen production for a fully integrated supply chain (Phase 1: Pilot scale of 10,000 - 20,000 tpa)

> Evaluating strategic technical partners for electrolysers & compression

Focus Area

Electrolyser + Compression

C-H2 Loading

C-H2 Unloading

Renewable Energy

Hydrogen Sales

Fleet of C-H2 Ships sized to production and market distance

GEV now assessing renewable green hydrogen projectsPartnership or stand-alone project to support the construction of a pilot scale C-H2 ship

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C-H2 solution for offshore green hydrogenExpressions of interest received to evaluate C-H2 for ”off-grid” offshore wind farm

Ship & fleet sized to match production / demand

Loading C-H2

H2 @ 250 bar

Connected to STL System(rated to North Sea

Metocean)

DualLoading System

H2 Production FacilityElectrolyser + Compression

Offshore Wind

C-H2 Unloading TerminalC-H2

Unloading Facility

Renewable Energy

Export of H2

Unloading H2 throughdecompression of tanks

Scavenging Compression

Start of GEV Scope

Conceptual Illustration and Scope of GEV’s C-H2 supply chain

End of GEV Scope

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> Significant build-out of offshore wind-farms across Europe, including the North Sea. Use case would apply in all distinctions contemplating offshore wind as the source of green energy.

> Massive EU project funding schemes available to accelerate engineering studies. GEV to identify how to tap into various schemes.

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Appendices

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CNG Optimum

• Ship specification and global partnerships.

• Case Study for CNG Optimum’s Energy efficiency delivers a low emission gas transport solution.

C-H2 Supply Chain

• Base load v Renewable generation for production of Green Hydrogen. The case for a C-H2supply chain.

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Base Load vs Renewable Generation for Green Hydrogen Does our current base load thinking work for hydrogen?

> Solar and wind are both seen as the foundation for the world successfully moving towards a renewable hydrogen future.

> Renewable energy generation is not base load as we have enjoyed for LNG and Ammonia production via a secure, reliable supply of natural gas.

> C-H2 shipping fleet replaces the requirement for storage

> Why incur storage costs and energy penalties through liquefaction or ammonia when the C-H2 solution ships the “storage tank” directly to the customer.

Generation profiles of solar and wind have variable and volatile daily generation profiles

Compression (Storage) requiredBut isn’t that the C-H2 Solution?Variable

(Renewable)

Base Load

Energy Transition

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GEV’s CNG program supported by global partnershipsDevelopment partners also adapting their products for a hydrogen supply chain

200 MMscf Net Sales Volume

3,600 psi Operating Pressure

X80/ERW Pipe Grade & Weld Type

20” Pipe Diameter

100m Individual Pipe Length

130km Total Length of Pipes

Gas containment system integrated into the ship design.

Long horizontally stacked pipe minimises connections and optimisesthe gas containment system.

Optimum IP overcomes the gas storage pipes rubbing together in a marine environment.

OPTIMUM STORAGE SYSTEM

190m Length

17.0m Depth

31.8m Breadth

9.4m Full Load Draft

47,500 mt Displacement

14 knots Service Speed

CNG SHIP

Patents issued on gas storage system

Port to Port

Offshore Loading

2019 ABS Approved for Construction &Letter of Intent with CIMC Raffles

2020 Design upgrade to include offshore loading

American Bureau of Shipping

Ship Classification & Approvals

SeaQuest Marine

Technical Advisor

CIMC Raffles

ShipyardCIMC ENRIC

CNG Engineering

Clarksons Platou

Ship Broker & Financial Advisor

With support from:Globally recognised technical partnerships:

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CNG Optimum - Energy efficient & low emission solution

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Supports net-zero carbon targets as gas remains a transition fuel to lower emissions

> Case Example: “LNG: liquefaction-shipping-regasification” versus “CNG: compression-shipping-decompression”

> Based on the transportation of 200 MMscf/d (or ~1.5 mtpa LNG) of gas over a distance of 500 nautical miles (regional).

> Assuming all compression/liquefaction facilities are fuelled by natural gas

> GHD agrees that for the case presented, transporting the gas as CNG is a lower emissions intensive process than transporting the gas as LNG by a factor of approximately 3-4x (1)

Global oil & gas producers increasing their focus on ‘low emission’ solutions whilst maximising the economic value of oil and gas fields

Gas consumed as fuel for “full cycle”CNG: 5%LNG: 15%

CNG Optimum’s carbon footprint is expected to be at least 50% lower than that of LNG for the full cycle

(1) GHD | Report for Global Energy Ventures Ltd - GHG Emission Calculations, September 2020. For the case example presented by GEV below of a load of 200 MMscf of gas transported over a distance of 500 nautical miles, GHD agrees that the approach for calculating GHG emissions is appropriate. (2) CO2e or Carbon dioxide equivalent or is a term for describing different greenhouse gases in a common unit.

0

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

CNG LNG

Ann

ual C

O2e

(2) E

mis

sio

ns (t

pa)

CO2e Footprint - CNG vs. LNG(based on 200 MMscf/d or ~1.5 mtpa)

Loading Shipping Unloading

CNG project could save 500,000 tonnes of CO2e emissions annually - equivalent to 110,000 passenger vehicles off the road per year

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For more information visit:

@GEVmarineCH2

+61 8 9322 6955

Perth: Suite 19 / 40 St Quentin Ave Claremont WA 6010Sydney: L14, 234 George St, Sydney NSW 2000

Martin Carolan

Executive Director

mcarolan@gev.com

+61 404 809 019

www.gev.comASX: GEV