Challenger Acquisitions Limited (LSE: CHAL) is pleased to provide an update on its offer for Cindrigo Limited, ( Cindrigo ), which continues to progress towards completion, and also announces changes to the composition of the Company s Board. Cindrigo, along with Cindrigo Energy Limited, are part of a group of companies pursuing renewable energy projects built on broad Swedish expertise and experience in the waste to energy and biomass energy sector (see www.cindrigo.com ). Offer for Cindrigo The Board of Challenger is pleased with the progress being made with regard to the satisfaction of the conditions to the offer (the Conditions ) (the Offer ) made by Challenger to certain shareholders of Cindrigo Energy Limited to purchase the issued share capital and to be issued shares in Cindrigo Limited, that such shareholders will acquire pursuant to a plan of arrangement ( PoA ) being pursued by Cindrigo Energy Limited in British