CALIX LIMITED — Capital/Financing Update 2019

Sep 30, 2019

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ASX Announcement

October 1, 2019

Share Purchase Plan Cleansing Notice – Q1 Sales Update

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 Company has further announced a share purchase plan ( SPP ) to be offered to eligible shareholders at the same price as the Placement. The SPP is undertaken in accordance with ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547 ( ASIC Instrument ). It is a condition of the ASIC Instrument that the Company give the Australian securities Exchange ( ASX ) this notice within the 24-hour period before the SPP offer is made.

The Company advises that:

• 1 it will make offers to eligible shareholders to subscribe for shares in the capital of the Company under the SPP. The issue of the Company’s shares under the SPP will be without disclosure under Part 6D.2 of the Corporations Act 2001 (Cth) ( Corporations Act );

• 2 this cleansing notice is being given in accordance with the ASIC Instrument;

• 3 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

• 4 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 following year-to-date (Q1 July to September) product sales figures compared to the same period in the prior year:

Total product sales of $0.92m up 48% from $0.62m on the previous corresponding period, including Australia & New Zealand product sales up 33%, SE Asia product sales up 120% and initial period product sales of approx. $54,000 to the US.

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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