Eguana Enters Into Short Term Financing Agreements Securing Additional Working Capital - Seite 2

As consideration for the Loan Amendment the Company has agreed to issue common share purchase warrants (the "Warrants") to the Lender, entitling the Lender to purchase up to an aggregate of up to 4,161,333 common shares in the capital of the Company at a price of $0.06 per common share for a period of five (5) years from the date of issuance. The Company can accelerate the warrant expiry date to the later of i) one year from the date of issuance and ii) 30 days from the repayment date, provided that if the WTI Loan is repaid in full on or before December 31, 2020. The issuance of the Warrants remains subject to the approval of the TSX Venture Exchange and will carry a standard 4 month hold period.

The portion of the Bridge Financing advanced by the Company's Chief Executive Officer constitutes a related-party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). This transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of the transaction, nor the consideration paid to the lenders of the Bridge Financing who are related parties of the Company would exceed 25% of the Company's market capitalization.

About Eguana Technologies Inc.

Based in Calgary, Alberta Canada, Eguana Technologies (EGT: TSX.V) (OTCQB: EGTYF) designs and manufactures high performance residential and commercial energy storage systems. Eguana has two decades of experience delivering grid edge power electronics for fuel cell, photovoltaic and battery applications, and delivers proven, durable, high quality solutions from its high capacity manufacturing facilities in Europe and North America.

With thousands of its proprietary energy storage inverters deployed in the European and North American markets, Eguana is one of the leading suppliers of power controls for solar self-consumption, grid services and demand charge applications at the grid edge.

To learn more, visit www.EguanaTech.com or follow us on Twitter @EguanaTech

Company Inquiries

Justin Holland

CEO, Eguana Technologies Inc.

+1.416.728.7635

[e-mail]

Forward Looking Statements

Certain information in this news release constitutes forward-looking statements and forward-looking information (collectively, the "forward-looking statements") within the meaning of Canadian securities laws, and is subject to numerous risks, uncertainties and assumptions, many of which are beyond the Company's control. This forward-looking information includes, among other things, information with respect to the Company's beliefs, plans, expectations, anticipations, estimates and intentions. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward-looking information. The forward-looking information in this news release describes the Company's expectations as of the date of this news release.