Carbon Revolution, a Leading Global Manufacturer of Carbon Fiber Wheels to the Automotive Industry

Carbon Revolution Limited , a Tier 1 OEM supplier and a leading global manufacturer of lightweight advanced technology carbon fiber wheels, and Twin Ridge Capital Acquisition Corp, a publicly traded special purpose acquisition company, have posted to their websites an investor webcast discussing their recently announced business combination.

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The webcast script and presentation are attached to this announcement.

Carbon Revolution and Twin Ridge recently announced that they have entered into a definitive agreement for a business combination agreement and accompanying scheme implementation deed that is expected to result in Carbon Revolution becoming publicly listed in the U.S. Completion of the transaction is subject to customary closing conditions, including the approval of the TRCA shareholders and the Carbon Revolution shareholders. The transaction is expected to be completed in the first half of 2023.

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Approved for release by the CEO of Carbon Revolution Limited,

Carbon Revolution is an Australian technology company, which has successfully innovated, commercialized and industrialized the advanced manufacture of carbon fiber wheels for the global automotive industry. Carbon Revolution has progressed from single prototypes to designing and manufacturing high-performing wheels for some of the fastest street cars and most prestigious brands in the world. Carbon Revolution is creating a significant and sustainable advanced technology business that supplies its lightweight wheel technology to automotive manufacturers around the globe.

Twin Ridge Capital Acquisition Corp. (NYSE: TRCA) is a special purpose acquisition company sponsored by Twin Ridge Capital Sponsor, LLC. Twin Ridge deploys a disciplined strategic approach that focuses on leveraging its powerful professional networks and deep industry experience to provide meaningful value to a target business.

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