ASTRON LIMITED — Capital/Financing Update 2024

Oct 16, 2024

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ASX Announcement

17 October 2024

Cleansing Notice – CHESS Depositary Interests (CDIs) to be issued

Notice under section 708AA(2)(f) of the Corporations Act 2001 (Cth)

Astron Corporation Limited ARBN 154 924 553 (ASX:ATR) ( Astron or Company ) announced on 17 October 2024 a pro rata non-renounceable entitlement offer ( Entitlement Offer ) of approximately 15,219,898 new fully paid CDIs ( New CDIs ) to raise approximately A$10.0 million before costs and a placement of 4,545,455 New CDIs to raise approximately A$3.0 million before costs.

The Entitlement Offer gives eligible securityholders the opportunity to participate on the basis of 1 New CDI for every 12 fully paid CDIs held as at 7.00pm (Melbourne time) on Tuesday, 22 October 2024 by securityholders with a registered address in Australia or New Zealand (and other jurisdictions (if any) determined by Astron).

Astron states that:

The Company gives the following notice under section 708AA(2)(f) of the Corporations Act:

• a) it will offer for issue the New CDIs to be issued under the Entitlement Offer without disclosure to investors under Part 6D.2 of the Corporations Act;

• b) this notice is being given under section 708AA(2)(f) of the Corporations Act 2001 (Cth) (Corporations Act);

• c) as at the date of this notice, Astron has complied with:

  • i. the provisions of Chapter 2M of the Corporations Act as they apply to MDL; and

  • ii. section 674 of the Corporations Act;

• d) as at the date of this notice, there is no information that is “excluded information” within the meanings of sections 708AA(8) and 708AA(9) of the Corporations Act; and

• e) the potential effect that the Entitlement Offer will have on the control of Astron, and the consequences of that effect, will depend on a number of factors including eligible shareholders’ interest in taking up their entitlements. The Entitlement Offer is not expected to have a material impact on the control of Astron. Specifically, the Company does not expect any shareholder to increase their voting power in Astron to more than 20% after completion of the Entitlement Offer.

This cleansing notice has been authorised for lodgement to ASX by the Managing Director of Astron.

For further information, please contact: joshua.theunissen@astronlimited.com Telephone: +61 (03) 5385 7088

Registered Office: 31/F., 148 Electric Road North Point, Hong Kong

www.astronlimited.com