Leaf Energy Ltd Investor Briefing

March 2014

Revolutionising the production of bio-based products

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Forward Looking Statements

This presentation does not constitute, or form part of, an offer to sell or the solicitation of an offer to subscribe for or buy any

securities, nor the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issue or transfer of the

securities referred to in this presentation in any jurisdiction in contravention of applicable law. Persons needing advice should

consult their stockbroker, bank manager, solicitor, accountant or other independent financial advisor.

Certain statements made in this presentation are forward-looking statements. These forward looking statements are not

historical facts but rather are based on Leaf Energy’s current expectations, estimates and projections about the industry in

which Leaf Energy operates, and its beliefs and assumptions. Words such as "anticipates," "expects," "intends," "plans,"

"believes," "seeks,” "estimates,“ “guidance” and similar expressions are intended to identify forward-looking statements. and

should be considered an at-risk statement. Such statements are subject to certain risks and uncertainties, particularly those

risks or uncertainties inherent in the process of developing technology and in the endeavour of building a business around

such products and services. These statements are not guarantees of future performance and are subject to known and

unknown risks, uncertainties and other factors, some of which are beyond the control of Leaf Energy, are difficult to predict

and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. Leaf

Energy cautions shareholders and prospective shareholders not to place undue reliance on these forward-looking statements,

which reflect the view of Leaf Energy only as of the date of this presentation. The forward-looking statements made in this

presentation relate only to events as of the date on which the statements are made. Leaf Energy will not undertake any

obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances or

unanticipated events occurring after the date of this presentation except as required by law or by any appropriate regulatory

authority.

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Leaf Energy’s GlycellTM Process Overview

The GlycellTM process breaks down waste plant material and produces

cellulose at any scale

Cellulose is a building block for

bio-based products

The bio-based market is growing

rapidly

Leaf Energy’s GlycellTM process’s

compelling advantages can

revolutionise bio-based markets For

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Cellulose The Future of Materials

* Lüder Gerking, CEO, Nonoval GmbH & Co.KG

Coal was the industrial material of the 19th century

Oil was the industrial material of the 20th century

Cellulose will be the industrial material of the 21st century* F

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Leaf Energy’s Glycell™ Process Proprietary technology for cellulose production

Simple, innovative, low cost and effective

Uses a waste reagent

Low temperature and low pressure

Operates continuously

Renewable readily available resource

The Glycell ™ process has compelling advantages

Cellulose + Hemicellulose

Lignin

Economic benefits

Significantly lower capital costs

Significantly lower operating costs

Off the shelf equipment

Operates at any scale

Cellulose Hemi-cellulose

Lignin

Biomass before treatment After the Glycell™ Process

Outcome: Cellulose, hemicellulose and lignin are available to be converted to valuable bio-materials

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Environmental credentials Utilises waste biomass at low energy

Cellulose Strong,

lightweight, viscose and

versatile

Waste Biomass: a renewable source of

Cellulose

Avoids the food for fuel debate

Waste biodegradable

reagent

Low temperature means lower energy

use

Other process have environmental issues

(Pulp plant in Tasmania)

Environmental benefits

Carbon savings

The Glycell™ process can produce cellulose at any scale

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Cellulose The building block for bio-based products

Cellulose derivatives

• Industrial – drilling mud, paint, adhesives and ceramics

• Food

• Cosmetic

• Pharmaceutical

Bioplastics

• Fibre reinforce composites

• Polyurethanes

• Packaging

• Engineered Plastics

• Resins

• Nano-cellulose

• 3D printing

Green chemicals

• Pharmaceutical

• Agricultural

• Manufacturing

• Nutraceuticals

• Detergent

• Source of carbon molecules

Cellulose: has many new uses as well as traditional uses such as paper and fibre for fabrics

Drilling mud market predicted to grow to $15b by

2018 at CAGR of 7.5%1

Manufacture of bio-plastics is expected to rise by 140% to

9.2M tons by 20162

Green chemicals market expected to grow at 20% pa to exceed $500BN by 20173

Sources 1 Markets and Markets September 2013 2 Lux Research 2012 3 European Forum for Industrial Biotechnology

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Consumer sentiments feeding bio-based maket growth

41% of all respondents listed customer preferences for sustainable products and services as a sustainability-related reason for changing their business models”

MIT Sloan Management Review Research report, Winter 2012 3

“In virtually every industry consumer demand for greener, more natural products are fueling a surge of research into biological alternatives to replace oil-derived products”

Richard Herbert

Biofuels Digest, July 2013

“Its time for the world to shift! All companies face a direct impact from decreasing natural resources, rising populations and disruptions from climate change”

Mark Parker

CEO Nike

The high cost and environmental impact of burning finite resources has seen industry moving from the ‘black economy’ to the ‘green economy’

There is no need to debate “Peak Oil” or “Global Warming” as the consumers are voting with their wallets

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Technology Validation

IP developed with Syngenta and Queensland University of Technology

Articles in Biomass Magazine July 2013, February 2014

Expert Assessment by Dr. Graeme Bullock of Bio-industry Partners

“a compelling situation”

Leaf Energy’s Glycell™ process has been validated internally and by third parties

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Milestones & Development Where are we at?

Continuous processing at up to

5.4 tons per day (dry) using

industrial available equipment

Potential for the production of

cellulose

78% Alpha cellulose

Process now effective on

Bagasse, Eucalyptus, Spruce and Palm oil waste

(lab)

Potential for Cellulose

derivatives

Bio- based products via enzymatic

hydrolysisi confirmed

Recent trials at Andritz (USA) confirmed:

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Strategic Direction Capitalising on the development to date

Key proposition and competitive

advantage

“Produce low cost cellulose at any scale”

First product: CMC (Carboxymethyl

Cellulose)

Production from cellulose well known and understood

Applications for CMC

Initially for drilling mud applications, then look at food applications

Partnerships Will use partnerships for down stream

relationships and channel to market as well as for supply of biomass

Value add for Glycerol

Targeting a market for the used glycerol that economically adds to

and technically supports the process

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Drilling Market growing to $15b by 2018 at 7.5% CAGR

Driven by need for more energy – increased

population and usage

New drilling: fracking, horizontal drilling, deep sea

Drilling companies switching to bio-based products

A growth market and a good market to enter

Used as a Bulking and/or Firming agent

A Gelling and/ or Glazing agent

A Humectant or Stabiliser

An Emulsifier or Thickener

Requires higher purity to be effective

Cosmetics

Pharmaceutical

Detergents

Adhesives and Paints

Ceramics

Carboxylmethyl Cellulose (CMC) A versatile, high value output

CMC Drilling grade viscosifiers -

Drilling Mud Food Market Other Applications

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Value Creation Steps leading to production of Cellulose

Secure plant location and

biomass

Underway

Final engineering specifications for chosen location

Complete

Feasibility

Study

Underway

Engage downstream

partners:

Underway

Secure Funding

“Profitable” demonstration plant

Leaf Energy has a tangible and realisable pathway to production to rapidly exploit its opportunity

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International Scope Intellectual property coverage

The company’s IP was developed in association with Syngenta Currently at country stage in PCT countries

India Thailand

Indonesia

Malaysia

Australia & NZ Rights

Obtaining Rights

Seeking Rights

Northern Europe

Mauritius

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Experienced Executive Team Domain expertise and influence

Dr. Jay Hetzel Chairman

Background in biotechnology R&D and commercialisation Co-founder of Catapult Genetics (sold to Pfizer) Numerous board & executive positions; Biotechnology advisory

roles to government and industry

Ken Richards Managing Director

Track record in managing, growing and transitioning high growth ASX and private companies

As CEO of Norgard Clohessy Equity Ltd took from a start up with capitalisation of $60,000 to $50M

Charles Wilson Non-executive Director

Project Management Engineer Extensive project and construction management experience Former Chairman Aquacarotene Ltd

Alex Baker Chief Operating Officer

20 years industry experience, science and technology commercialisation professional

As CEO lead Maverick Biosciences into the bio-medical product field via transformational business strategy

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Leaf Energy Ltd (LER) Capital structure and shareholdings

Ord Shares on Issue 59.17M

Options (10c exercise) 4.8M

Current Price $0.042

Market Cap $2.48M

Top 20 Shareholders 72%

Board & Management 39.25%

Cash* $600K

Enterprise Value $1.88M

Leaf Energy’s cash in bank position together with its IP portfolio indicates there is considerable room for growth in its Enterprise Value

Source: ASX Trading Platform, 4th March 2014

* (as per last 4c)

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Investment Highlights Technology and market advantage

Strong Technology:

Glycell™ Process

Many Markets:

Cellulose has many uses in many markets

Rapid Path to Market:

Commercial path established; funding to

get ready for production and sales

Environmental Credentials:

Capitalising on the switch to the green

economy

Strong Value Proposition:

Unique process in rapidly growing

markets

Scalable Business Model:

Growth potential is large

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Expressions of Interest Participate in the future of biomaterials

Low price point entry into a company that can revolutionise the fast growing bio-based products market

Contact: Ken Richards: Managing Director

k.richards@leafenergy.com.au +61 403 385 051

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Cellulose Sources

Appendix 1: Cellulose Growth prospects for Cellulose products very strong

Grown: Cotton, Linen,

Flax etc

From pulping woodchip

From fractionating

biomass

Cellulose properties:

Strong, lightweight, absorbent, viscose & versatile

Traditional uses: Paper and Fabric (Cotton, Linen, Rayon,

Viscose)

Fibre reinforced composites

Cellulose derivatives: Industrial, food, cosmetic, pharmaceutical

Building block for other carbon molecules

Convert to sugars and bio-based products – green chemicals,

biofuels, bioplastics

New uses: 3D printing, bio-plastics, Nano-cellulose

The most abundant organic material on planet

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Appendix 2:The “Cellulose Gap” Demand rapidly outstripping supply

• Population and prosperity increasing demand for fibre

• Properties, absorbent and breathable, give cellulosic fibre bigger market share

• Consumer desire to move away from oil based synthetics

• New uses/applications

Demand for cellulose

increasing 84% by

2030

• Cotton plantings down from 35.7 m ha to 28m ha in 2030- pesticide use, water use and competing land uses

• New pulp mills difficult (Gunn’s Tasmania)

• Difficult to access cellulose from biomass needs high temperature, high pressure

Supply side issues

3.2 3.6 3.4 3.3 3.1

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1.8 2.3

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2010 2015E 2020E 2025E 2030E

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Estimated per capita consumption of cellulosic fibres 2010-2030

Cotton Cellulose

Source: Lenzing, 2011

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