Long Pipes FY16 Update: Capital Raise for $1.5M Oversubscribed, Major New Project, New Board Member

• First test pipes for FMG Christmas Creek.
• New Pipe Production Machine operational.
• Capital raising for $1.5M oversubscribed.
• Major new projects for:
  – Geothermal in development with new high pressure, high temperature, corrosion resistant, long life pipes in discussion and development
  – 200kms in discussions for Australia as part of 400kms overall to start in last quarter 2016,
  – 700kms in discussion for unnamed party under agreement over the next 2 years
  – Multiple Pipe tests have demonstrated excellent performance with 136 bar or 1,900 psi without failure.

• Mr David Gow has been appointed to the Board of Long Pipes, he has a background in finance.

ABOUT LONG PIPES

Disruptive Technology in a Disrupted Market: Pipelines have been made with small sections of pipe joined together for hundreds of years, it is difficult expensive and prone to leak. Long Pipes produces and sells the Fluid Highway™ an all composite continuous pipe produced in the field without joints “no welders”. This disruptive solution is being recognised globally by the major oil and gas, irrigation companies and governments for a range of projects. The initial project is for FMG; with other projects of up to 700kms of pipe in the coming years; next is a major Australian gas company initially for 500kms. Overall in Australia we have discussions on a nominal 2,000kms of pipe over the next 2-3 years. Internationally we have discussions and interest on tens of thousands of kilometres for a range of applications.