Perth-based carbon offset provider Carbon Conscious Ltd (ASX - CCF)  has
closed its Initial Public Offer (IPO) and is expecting to list on the Australian Securities Exchange (ASX) late next
week.

Carbon Conscious Executive Director Daniel Stevens said “The Company has raised $7.25M plus seed capital of
$600,000 which is well in excess of the $5M minimum outlined in its Prospectus. The capital raise provides an
excellent financial base for the execution of the business plan.”

Mr Stevens said “despite challenging share market conditions, Carbon Conscious had managed to achieve a
fantastic result ahead of its official listing.” He said “Carbon Conscious will become the first ASX listed biosequestration
company to raise capital via an IPO.”