Transaction Reports Synthesis Energy Systems

Synthesis Energy Systems closes $15.5 Million Equity Investment

Synthesis Energy Systems closes $15.5 Million Equity Investment

Legal advisors to Synthesis Energy Systems:

Synthesis Energy Systems, Inc. announced the closing of its strategic equity investment from Shanghai Zhongmo Investment Management Co., Ltd. of $6.27 million for 4,177,335 shares of SES common stock. In addition, SES has also received the remaining $596,090 for the remaining 397,393 Hongye shares. These transactions complete the combined $15.5 million strategic investment from Hongye and Zhongmo announced June 18, 2012, for a total of 10,352,428 shares.

Financial advisor to Synthesis Energy Systems: Management advisor to Synthesis Energy Systems: Crystal Vision Energy LBBW Property Management and Accumulata

Real Estate Development acquire the Palais an der Oper property in Munich.

Legal advisor to the consortium of private investors:

Robert Rigdon, president and CEO, stated, "The completion of the Zhongmo transaction combined with the Hongye transactions provides SES with significant new resources to advance our business interests in China. We view these transactions as a strong endorsement of our gasification technology and the superior economics our technology affords. We have already begun working with these important new strategic partners to accelerate our business in China in order to deliver positive financial results as quickly and effectively as possible."

After giving effect to the closings, Hongye holds 9.9% and Zhongmo holds 6.7% of the total shares outstanding of SES.

the Palais an der Oper Property LBBW Property Management and

Accumulata Real Estate Development acquire the Palais an der Oper property in Munich.

Legal advisors to the LBBW and Accumulata:

LBBW Immobilien Management GmbH and Accumulata Immobilien Development GmbH have sold their "Palais an der Oper" property. According to press reports, Lenhart Global Investments is the owner of the new mixed-use object in Maximilianstrasse.

The parties have agreed not to disclose any details of the purchase price.

The finished structure will offer around 32,000 m² of floor space for retail (including a Louis Vuitton store), restaurants, offices and medical practices, along with residential areas. Around two-thirds of the area is already booked,

including the fashion company Louis Vuitton who are planning a new flagship store there.

The Clifford Chance team comprised partner Dr. Horst Schlemminger, counsel Bettina Krause, senior associate Martin Barlösius, associates Dorothea Schimmel and Jannicka Sondag (all Real Estate, Munich), partner Jörn Stobbe, MRICS, senior associate Dennis Blechinger and transaction lawyer Anja Roth (all Real Estate, Frankfurt), partner Dr. Uwe Schimmelschmidt (Tax, Frankfurt), counsel Cord von Mandelsloh and senior associate Dr. Dominik Thomer (both Tax, Düsseldorf) and counsel Dr. Bernhard Magg (Corporate, Munich).

Crystal Vision Energy acted as management advisors to SES, Roth Capital Partners acted as financial advisors and King & Wood Mallesons (PRC) and Porter Hedges LLP acted as legal advisors to SES on these transactions.

SES provides technology, equipment and engineering services for the conversion of low rank, low cost coal and biomass feedstocks into energy and chemical products. Its strategy is to create value through providing technology and equipment in regions where low rank coals and biomass feedstocks can be profitably converted into high value products through its proprietary U-GAS®

fluidized bed gasification technology,

which SES licenses from the Gas Technology Institute. U-GAS®

gasifies coal cost effectively,

without many of the harmful emissions normally associated with coal combustion plants.

Zhongmo is a private company principally engaged in providing financial and management consulting and advisory services. Hongye is a diversified group and is one of the top 100 private enterprises in Inner Mongolia.