OTCQB: PGTK / November 2019

Pacific Green Overview

2

Environmental technology focused on proprietary Exhaust Gas Emission Control for:Ø Marine Engines - Adoption driven by regulation

Ø Coal Power Plants - Global opportunity (China & India produce 75% of electricity with coal)

Ø Waste Incineration - Driven by diminishing disposal options

Competitive Advantage via JV with PowerChina to Manufacture Large SystemsØ Large scale, cost effective contract manufacturing and engineering supportØ Balance sheet support and gateway to the Chinese market

Ø China’s largest Engineering, Procurement and Construction firmØ 200,000 employees and $70B in Assets

Gas Scrubbing Adoption Driven by Regulations & Worsening Global EnvironmentØ IMO 2020 - Int’l Marine Organization mandates sulphur emission caps starting 1/1/20

Ø Growing regulatory constraints on coal-fired power plant emissions Ø Rapidly growing global waste disposal challenges expected to drive demand for incineration

Well Positioned to Solve Major Global Environmental Challenges Despite Modest Asset BaseØ $220M order book secured in 2H 2018 and 1H 2019

Ø Largely self-funding via customer deposits and favorable PowerChina termsØ Enormous markets offer diversification and substantial long term growth potential

Selected Financials

Closing Price (30/09/19) $3.3052 week range $1.27 - $4.25Market Cap $150.1MShares Outstanding 45.5MOrder Book $220MTotal Assets (30/09/19) $70.1MTotal Liabilities (30/09/19) $66.1MInsider Ownership 45%Public Float 3.7M

3

For the six months ended September 30, 2019, PGTK reported revenues of $67.5M relating to scrubber engineering, deliveries and commissioning.

The company is incorporated and headquartered in Delaware, and management is dispersed globally in North America, the UK and China.

Increasing Environmental Regulation

4

§ International Maritime Organization (IMO) implemented regulations requiring large commercial ships to reduce sulphur dioxide emissions from 3.5% to 0.5% by 2020.

§ EU Industrial Emissions Directive commits European member states to control and reduce the impact of industrial emissions• Emphasis on reducing sulphur dioxide and nitrogen oxide emissions

§ Improving environment is one of seven major policy objectives in China’s 2016 Five Year Plan

§ India introduced stricter guidelines for sulphur dioxide and nitrogen oxide emissions from coal-fired power plants in December 2015

§ Numerous ports worldwide are enforcing sulphur Emissions Control Areas (“SECAs”), requiring a dramatic change in vessel operating procedures

Global Actions

IMO 2020 Opportunity The International Marine Organization (IMO), a UN agency, has mandated that all sea vessels must reduce sulphur dioxide exhaust gas emissions to 0.5% – from 3.5% – by January 2020

60,000 internationally registered ships and >100,000 Chinese registered ships must be compliant by January 1, 2020 and January 1, 2019, respectively

5

Compliant Alternatives Include: • Exhaust gas scrubber systems – upfront CAPEX but rapid ROI and

far lower long term cost• Low sulphur fuel – higher cost and production/availability constraints;

insufficient infrastructure• Natural Gas conversion – complex retrofitting with high cost

PGTK’s ENVI-Marine™ System provides compliance and enables charterers and fuel companies to benefit from the “Heavy Fuel Oil / Bunker” to “Low Sulfur Gas Oil” price differential, currently $200 or more per ton. For a Very Large Crude Carrier (VLCC) tanker, low sulphur fuel price differential currently exceeds $5M per year. Using ENVI-Marine™ pays for itself within 12 – 18 months

Asian Influence on Shipping

6

Locating manufacturing and installation in China – via partnership with PowerChina – provides substantial strategic benefits and convenience for most customers.

Source: World Shipping Council

1 2 5 5 10 19 38107

245 317 391 767

3018

3676

3730

3738

3739

0

500

1000

1500

2000

2500

3000

3500

4000

'07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 '23

Scrubber Installations and Orders

Market Expectations and Industry Outlook

7

Scrubber Installations & Orders1Fuel Spread

LSFO @ US$600/t

HSFO @ US$300/t

FUEL SAVINGS

OF US$300/t

0

300

600

A widening fuel spread will encourage scrubber uptake as ship owners and charters look to reap the benefits of cheaper bunker

Significant demand for retrofits created by IMO 2020, with a secondary market rapidly expanding for new builds

1 – Source: DNV-GL, 1 Aug 2019

SAVINGS DRIVING ORDERS

TurboHead™ Technology

• PGTK’s method maximizes the trapping of exhaust gas pollutants more efficiently

• Delivers maximum possible molecular contact between exhaust gases and neutralizing reagents; capacity to process 100% of flue gas

• Small, flexible footprint

• Reduced energy consumption and on-demand reagent addition

• TurboHead™ is more cost effective (capital & operating) for any capacity vs. competition

• Effective for a variety of reagents including seawater, limestone and sodium hydroxide

• Designed for Marine applications, then engineered to address Land-based requirements

8

Patented exhaust gas scrubbing method is the basis of PGTK’s ENVI-Marine™ & ENVI-Clean™ Systems

ENVI-MarineTM Systems – Order Book

Order Announced Customer Order

Value ($M)# of

UnitsEstimated

Delivery TimingPotential Order

Options

12/4/18 and7/3/19 Scorpio Tankers Inc. (STNG) $99.9 66 42 in 2019 &

24 in 2020Up to ~$6.7M in

2020

12/4/18 and7/3/19 Scorpio Bulkers Inc. (SALT) $60.6 41 18 in 2019 &

23 in 2020Up to ~$30M in

2020

11/16/18 Ridgebury Holdings LLC. $17.9 6 Jun ‘19 – Sep ‘19

11/1/18 Landbridge Group. Co. Ltd. $9.2 3 Jul ‘19 – Sep ‘19

9/27/18 Union Maritime Limited $29.4 16 Aug ‘19 – Feb ‘20

ANNOUNCED TOTALS $217.0 132 Up to $36.7M in 2020

Additional Unnamed Clients $11.3 8

9

ENVI-Clean Retrofit™ OpportunityProvide Scrubber Systems to Treat Coal-Fired Power Plant Emissions

10

UPDATE

China

• ~75,000 power stations in China.

• Over 75% do not meet 2016 sulphur dioxide (SO2) requirements of 40mg/m3

India

• World’s third largest electricity producer

• Over 56% of India’s electricity production comes from coal-fired power plants

• Stricter guidelines initiated in 2015 reducesulphur dioxide & nitrogen oxide emissionsfrom coal-fired power plants

World

• Global population is forecast to grow from 7Bto 9B by 2050, driving energy demand

• Yet renewable and nuclear energy is forecast to meet just under 10% of world energy demand by 2035

Major Benefits

• Easy to retrofit to existing systems

• More gas-liquid contact time for complete removal of acid gases

• Proprietary head design and multi-head approach enable reduced CAPEX and ongoing operating costs

• Non-hazardous waste water can be processed and reused for other plant processes such as ash cooling or dust control

Yancheng Case Study

Q1 2017 – PGTK China JV installed an ENVI-Clean™ system at a new 93 MW steelworks at Yancheng, northwest of Shanghai, as part of PowerChina’s EPC contract to build the plant

ENVI-CleanTM system at Yancheng, China

Building Leadership Team

12

• Building out senior management team to support Marine commercialization, expansion into land systems and investment community profile/relationships

• 60 employees based between London, Vancouver, Shanghai, Monaco and Oslo

• Marketing Executive & Entrepreneur

• 20+ years’ experience as a successful entrepreneur in the insurance and financial services sector

• 25 years’ energy sector experience, originally with BP and Shell

• 33 years’ experience with UK manufacturing companies• Former Chartered Accountant with Deloitte

• PhD in Energy Studies, Chartered Engineer

Scott PoulterChief Executive Officer

Alex SheadDirector

Dr. Neil CarmichaelDirector

Richard OliverChief Financial Officer

Dr. Andrew JollyDirector

• Marine engineer, 27 years shipping experience, including 6 years with WartsilaRiseley D’SouzaVP Operations

• Sales professional with 24 years’ experience in roles with leading Scandinavian and international corporations, including 7 years with Clean Marine

Frode Helland-EveboVP Marine Direct Sales

Investment Merits

13

Increasingly strict emissions standards drive worldwide demand for PGTK’s technologies; initial focus on marine market

Patented ENVI technology portfolio delivers higher efficiency and lower capital/operating costs = substantial customer ROI; applicable to power plants, industrial polluters and marine applications

Broad industry and commercial experience & substantial insider ownership (45%) puts PGTK in strong position to capitalize on three markets in rapidly growing environmental sector

PGTK has secured $220M in marine system orders + $37M in possible options; customer progress payments should efficiently fund working capital needs

PowerChina relationship enables large scale production, engineering and commissioning support + entry to substantial Chinese power & marine customers. PGTK owns 50.1% of land-based JV

Market cap is attractive relative to order pipeline, capital efficiency and growth potential of partnership model across these markets

Regulatory Tailwinds

Differentiated Technology

Experienced Management Team

Substantial Order Pipeline

PowerfulStrategic Partner

Attractive Valuation

Pacific Green Technologies Inc.

8 The Green, Suite #10212

Dover, Delaware, 19901 USA

Phone: +1 302 601 4659

www.pacificgreentechnologies.com

PGTK Investor Relations Contacts:

Chris Eddy & David Collins

Catalyst IR – New York City

Phone: +1 212 924 9800

pgtk@catalyst-ir.com

Appendix 1

15

Emissions control technology designed specifically to remove multiple pollutants from waste-to energy and biomass power generation facilities

• Similar IP to other assets owned by Pacific Green Technologies

• Tested and deployed in the UK in February 2012

• Demonstrated cost savings relative to burning municipal waste

• The world is running out of landfill space