CALIX LIMITED — Capital/Financing Update 2019

Oct 3, 2019

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ASX Announcement

October 4, 2019

Share Placement Cleansing Notice – $4.5m R&D tax incentive received

Calix Limited (ASX: CXL, ‘Calix’ or ‘the Company’), announced on 27 September 2019 that it had completed a placement of $12 million by way of the issue of approximately 17.14 million shares to certain institutional, professional and sophisticated investors ( Placement ). The Placement shares were issued to investors on 4 October 2019.

Calix gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ). The shares issued under the Placement were issued without disclosure to investors under Part 6D.2 of the Corporations Act.

The Company advises that:

• 1 as at the date of this notice, the Company has complied with:

  • a. the provisions of Chapter 2M of the Corporations Act as they may apply to the Company; and

  • b. section 674 of the Corporations Act; and

• 2 as at the date of this notice there is no information that is “excluded information” within the meaning of sections 708A(7) and 708A(8) of the Corporations Act apart from the fact that Calix has received a payment of $4.5m from the Australian government on 3[rd] October 2019 associated with the R&D tax incentive scheme.

Signed for and on behalf of the Company:

Darren Charles Company Secretary Calix Limited

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For more information:

Darren Charles

Phil Hodgson Managing Director and CEO phodgson@calix.com.au +61 2 8199 7400

Company Secretary and CFO

dcharles@calix.com.au +61 2 8199 7400

Simon Hinsley Investor Relations simon@nwrcommunications.com.au +61 401 809 653

Michelle Taylor Media Michelle_Taylor@recognition.com.au +61 2 9252 2266

About Calix

Calix is a team of dedicated people developing a unique, patented technology to provide industrial solutions that address global sustainability challenges.

The core technology is being used to develop more environmentally friendly solutions for advanced batteries, crop protection, aquaculture, wastewater, and carbon reduction.

Calix develops its technology via a global network of research and development collaborations, including governments, research institutes and universities, some of world’s largest companies, and a growing customer base and distributor network for its commercialised products and processes.

Because there’s only one Earth – Mars is for Quitters.

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