CALIX LIMITED — Capital/Financing Update 2024

Dec 16, 2024

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17 December 2024

NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES.

Share Placement Cleansing Notice

Sydney, Australia | 17 December 2024 – Australian environmental technology company, Calix Limited (ASX: CXL) ( Calix or the Company ) announced on 9 December 2024 that it had completed a placement of A$20 million comprising the issue of 26.7 million shares to certain institutional, profession and sophisticated investors at an issue price of $0.75 per share ( Placement ). The Placement shares were issued to investors on 16 December 2024.

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.

–ENDS–

This announcement has been authorised for release to the ASX by the Calix Board of Directors.

About Calix

Calix Limited (ASX: CXL) is an environmental technology company solving urgent global challenges in industrial decarbonisation and sustainability.

Calix’s unique patented core platform technology delivers indirect heating of raw materials to enable efficient, precise, flexible and renewably powered mineral processing and capture of unavoidable industrial emissions.

With strong and increasing demand driven by global decarbonisation commitments, Calix is applying its core technology to the cement, steel, alumina and critical minerals industries, as well as the direct air capture of atmospheric carbon dioxide, and the production of sustainable environmental products.

Leveraging its core platform technology and a global network of partners, Calix is urgently developing multiple businesses that deliver positive global impact. Because there’s only one Earth.

Mars is for quitters.

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For more information:

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

Darren Charles CFO and Company Secretary dcharles@calix.com.au +61 2 8199 7400

Investor enquiries

investorrelations@calix.global

Media enquiries

media@calix.global

IMPORTANT NOTICE

This announcement has been prepared for publication in Australia and may not be released to US wire services or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or in any other jurisdiction in which such an offer would be unlawful. The New Shares have not been, and will not be registered under the US Securities Act of 1933, as amended (US Securities Act) or the securities laws of any state or other jurisdiction of the United States. Accordingly, the New Shares may not be offered or sold, directly or indirectly, in the United States unless they have been registered under the US Securities Act (which Calix has no obligation or intention to do or procure), or are offered and sold in a transaction exempt from, or not subject to, the registration requirements of the US Securities Act and any applicable U.S. state securities laws.

The information in this announcement is of general background and does not purport to be complete. It should be read in conjunction with Calix’s other periodic and continuous disclosure announcements lodged with ASX Limited, which are available at www.asx.com.au.