ACTIVEX LIMITED — Capital/Financing Update 2016

May 22, 2016

ActivEX Limited A.C.N. 113 452 896 Suite 3402, Level 34 Riverside Centre 123 Eagle Street BRISBANE QLD 4000

==> picture [247 x 44] intentionally omitted <==

P.O. Box 1533 Milton QLD 4064 P: (07) 3236 4188 E: admin@activex.com.au W: activex.com.au

23[rd] May 2016

The Manager Company Announcements Australian Stock Exchange Ltd 20 Bridge Street Sydney 2000 Via: www.asxonline.com

Dear Sir/Madam

Close of Rights Issue and Notification of Undersubscriptions

ActivEX Limited (ACN 113 452 896) (ASX: AIV) ( Company ) is pleased to announce that it has received strong support from shareholders for its non-renounceable pro-rata rights issue of fully paid ordinary shares in the capital of the Company ( Rights Issue ). The Rights Issue closed on 18 May 2016, with subscriptions received from eligible shareholders for approximately 96% of the new securities offered, raising a total of $1,559,346 (before costs).

The Rights Issue offer was for up to approximately 161,703,168 new shares, on the basis of 1 new share for every 4 shares held, at an issue price of $0.01 per new share, to raise approximately $1,617,031 (before costs) if fully subscribed.

Entitlement applications were received for 147,531,867 new shares and a further 8,402,701 new shares were applied for as additional shortfall shares.

The remaining shortfall of 5,768,600 new shares may be placed at the discretion of the Directors at not less than the issue price within 3 months of the Closing Date, being 18 August 2016.

The new shares are expected to be issued on 25 May 2016 and anticipated to be trading on 26 May 2016.

Craig McPherson Company Secretary Ph: +61 7 3236 4188