Carnegie Clean Energy : 4D and Half Year Financials

Name of Entity

Carnegie Clean Energy Limited

ABN

69 009 237 736

Reporting Period

31 December 2016

Previous Corresponding Reporting Period

31 December 2015

$

Percentage increase

/ (decrease) over previous corresponding period

Revenue from Ordinary activities

1,279,017

106.72%

Profit / (loss) from ordinary activities after tax attributable to members

(7,833,200)

(34.71)%

Net profit / (loss) for the period attributable to members

(7,883,200)

(34.71)%

Dividends (distributions)

Amount per security

Franked amount per security

Final Dividend

nil

n/a

Interim Dividend

nil

n/a

Record date for determining entitlements to the dividends (if any)

n/a

Brief explanation of any of the figures reported above necessary to enable the figures to be understood:

The directors of Carnegie Clean Energy do not intend to declare a dividend as no profit was made during the period ended 31st December 2016.

Date the dividend is payable

n/a

Record date to determine entitlement to the dividend

n/a

Amount per security

n/a

Total Dividend

nil

Amount per security of foreign sourced dividend or distribution

n/a

Details of any dividend reinvestment plans in operation

There is no dividend reinvestment plan.

The last date for receipt of an election notice for participation in any dividend reinvestment plans

n/a

Current Period

Previous Corresponding Period

Net tangible asset backing per ordinary security (cents per share)

0.19

cents

0.74

cents

Name of Entity (or group of entities)

n/a

Name of Entity (or group of entities)

Energy Made Clean

Date of the gain of control

2 December 2016

The contribution of such entities to the reporting entity's profit from ordinary activities during the period and the profit or loss of such entities during the whole of the previous corresponding period

Carnegie Clean Energy previously held a 35% interest in the Energy Made Clean group, which as an associate, contributed a loss of $578,981 for the half year period ended 31 December 2016.

Subsequently on 2 December 2016 Carnegie Clean Energy acquired the remaining 65% interest in the Energy Made Clean group. This transaction contributed a $3,682,636 accounting loss on consolidation and disposal of interest in associate. As a wholly owned subsidiary Energy Made Clean contributed a loss of $264,620 for the reporting period.

Name of Entity

Percentage Held

Share of Net Profit/(Loss)

Current Period

Previous Period

Current Period

Previous Period

EMC Lendlease Joint Venture

50%

-

-

-

Energy Made Clean Pty Ltd

35%

-

($578,981)

This report is based on accounts to which one of the following applies: (Mark with "YES" or "NO")

The accounts have been audited

No

The accounts have been subject to review

Yes

If the accounts have been audited or subject to review and are subject to dispute or qualification, a description of the dispute or qualification:

Not Applicable