BLUGLASS SHARE PLACEMENT

BluGlass (ASX: BLG) (“BluGlass” or the “Company”) is pleased to announced that it has agreed to place 23,076,924 new fully paid ordinary shares to sophisticated and professional investors at an issue price of $0.13 per share, amounting to total gross issue proceeds of $3.0m million (Placement). The Placement was strongly supported by existing and new investors, including institutional investors.