·      March 2023 ISP Tek Services US$66m (A$99.7m) ISP Tek Services LLC. and Captive Trade Corp. are leading refurbishers and distributors of consumer electronics within a blue-chip customer base that has helped deliver phenomenal growth in its last two years of trading. ISP Tek Services LLC is an HP Remarketing Partner and Authorized Distributor, as well as a third-party refurbisher (TPR) for Microsoft, Samsung, LG and other industry-leading manufacturers. It refurbishes high volumes of off‐ lease or previously-owned computers as well as inkjet, LaserJet and commercial printers. Products are obtained from OEM’s return route channel and mass retailer returns, plus a variety of different sources including excess inventory, bulk purchases, customer returns, cancelled orders, damaged products, and demo products. ISP Tek Services then refurbishes these products and re‐sells to the education, healthcare and private sectors, as well as providing a marketplace for direct-to-consumer sales, utilising its signature highly automated processes to reduce reliance on skilled labour and maximizing accuracy. https://announcements.asx.com.au/asxpdf/20230317/pdf/45ms8t97q7bjw7.pdf

·      January 2023 In-Plas Recycling (“In-Plas”) US$4m - headquartered in Cincinnati, Ohio, In-Plas Recycling is a recycler and processor of post-industrial scrap, pellets, regrind and by-products, and also sells a broad range of recovered plastic products on the market. In-Plas operates at three sites located at key customer facilities. In-Plas works with a variety of thermoplastics and operates across multiple sectors including automotive, manufacturing and pharmaceutical. It provides bespoke solutions to maximise scrap value, create landfill costs savings and increase closed-loop recycling capabilities. In-Plas also provides verifiable destruction, rendering as unusable products such as automotive assemblies, retail and pharmaceutical packaging, CDs, obsolete signage and VCR tapes. https://www.asx.com.au/asxpdf/20230117/pdf/45kq47mz3rfz0m.pdf

·      July 2022 Alliance Paper $1 - is a leading Australian supplier of thermal paper and associated paper products and services. It is the largest and longest-serving supplier and converter of paper roll products in the Australian market. Alliance offers a range of BPA and phenol-free thermal receipt rolls and other paper products which are recyclable, supplying leading Australian supermarkets as well as several leading brands including KFC, McDonalds, Nike and Bank of Queensland. https://www.asx.com.au/asxpdf/20220726/pdf/45c58qcmmcdwz2.pdf

·      February 2022 Crasti & Co $5.85m - is one of Australia’s largest Flexible Intermediate Bulk Container (FIBC) and bulk packaging supplier. Crasti & Co. is a market leader in ensuring that all its FIBCs meet stringent Australian safety standards and has led the industry in developing these strict standards over many years. https://www.asx.com.au/asxpdf/20220207/pdf/455qf52rl7pjx0.pdf

·      December 2021 Oceanic Agencies $3.24m - is a Queensland-based business and a major Australian supplier providing both packaging and materials handling for the aquaculture, wild caught and post-harvest sectors of the seafood industry. Oceanic supplies some of the largest seafood companies in Australia with custom-printed commercial packaging, insulated bins, flexible plastic packaging and plastic tubs and crates. It is also the largest supplier of insulated bins in Australia and is the exclusive distributor for three globally recognised brands of insulated bins, and the only local distributor of three innovative sustainable packaging brands. https://www.asx.com.au/asxpdf/20211207/pdf/453wd3731xqll3.pdf

Close the Loop Management

Inside Ownership                   Ordinary Shares    %CLG Issued          Net Value at $0.30

Greg Toll                                  3,600,000                    0.68%              $1.08M

Joe Foster                                65,008,920                  12.22%                        $19.5M

Marc Lichtenstein                   4,500,081                    0.85%              $1.35M

Lawrence Jaffe                        68,316,294                  12.85%                        $20.495M

Grant Carman                         1,250,000                    0.24%              $375K

Sammy Saloum                       45,116,616                  8.48%              $13,535M

Total                                        187,791,911                35.31%            $56,338M

Greg Toll - Non Executive Chair

Appointed director of Close the Loop in 2017.Before joining Close the Loop, CEO and Executive Chairman of Clean TeQ Holdings (ASX: CNQ) – appointed as CEO in 2007 then to the chair role, which he held until November 2013Holds a bachelor of science (veterinary) degree with first class honours and is a graduate of the AICD

Joe Foster - Group CEO

More than 40 years experience in the flexible packaging industry, with experience in engineering, production, technical, sales and marketing.Global view of packaging world due to running own businesses spanning across countries in multiple continents. Fellow of the Australian institute of Packaging and Co-Founder of O F Packaging.

Marc Lichtenstein - CFO

Joined Close the Loop in 2017 as CFO. Has led and worked in a number of senior roles in range of listed and private companies across a wide range of industries for more than 25 years.Extensive experience in leading business through significant periods of change. Chartered Accountant, Chartered Secretary and Graduate of the AICD.

Lawrence Jaffe -Executive Director /Chief Commercial Officer

CEO and Managing Director of RPM Australasia until 2015 and stepped down when the company sold off its largest divisions . He remained on as Non-Executive Chairman until the company listed on the Stock Exchange and now Strategic Director for the Group. In 2016, brought together the founders of O F Packaging, becoming CFO and executive chairman.

Grant Carman - Non- Executive Director 

Over 30 years experience in corporate finance. Previous roles included CFO for ORIX Australia, GM Finance & Shared Services NAB, CEO of National Australia Corporate Advisory, Director of Acquisitions at Ferrier Hodgson CA, and Group Financial Controller at Faulding. Currently Non- Executive Director of RPM Automotive Group (ASX: RPM).

Sammy Saloum - Non- Executive Director

For over 25 years, Sammy Saloum has been a leader in omnichannel retail, merchandising, marketing, financial services and reverse logistics. Sammy has developed a global network in all aspects of retail, managing billions of dollars of profitable growth. As CEO of ISP TekServices LLC, Sammy supported some of the world’s largest consumer electronics businesses through leading circularity, reuse and re-manufacture services in the US, culminating in the acquisition of the business by Close the Loop Ltd in 2023. Prior to this, Sammy served in Sr. level executive positions with key brick and mortar retailers including RadioShack, CSK Auto and CompUSA Inc. He has a reputation for delivering strong revenues and profits, and positioning existing businesses for sustainable growth in both US and International markets.

Michael Welton - CEO of North America

Michael is an industry veteran with over 30 years’ experience in sustainability. Previously, as President of Environmental Reclamation Services (ERS), he led the growth of the company to U$50 million in annual revenue in under eight years, culminating in its acquisition by Clover Imaging Group in 2009. As an executive member of Clover Imaging Group, Michael managed global recyclables collections as well as its eCommerce platforms. Michael holds a bachelor’s degree in computer science and mathematics from Gannon University in Erie, PA.

Tom Ogonek - CEO of Close the Loop Plastics Recycling USA

Joined Close the Loop in 2011 and oversees all aspects of global operations. More than 20 years of operations experience and environmental industry perspective and is responsible for driving continuous improvement of operating efficiencies and facility management in all global operating centres.