BLUGLASS COLLABORATION EVALUATION UPDATE

In response to a number of queries the Company has received in relation to the status of this arrangement and certain information contained on the internet which was brought to the Company’s attention, BluGlass wishes to advise that discussions with the tier - 1 LED manufacturer are being held in relation to both parties entering into a more formal collaboration agreement.

Discussions are continuing, however no assurance can be given that an agreement will be entered into. The Company will keep the market informed as to any material developments in relation to this matter.

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BluGlass is an Australian public company listed on the Australian Stock Exchange to bring to market a breakthrough in the semiconductor technology industry.

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