CARBONXT GROUP LIMITED — Capital/Financing Update 2021

May 2, 2021

Market Announcement

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3 May 2021

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Carbonxt Group Limited (ASX: CG1) – Trading Halt

Description

The securities of Carbonxt Group Limited (‘CG1’) will be placed in trading halt at the request of CG1, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Wednesday, 5 May 2021 or when the announcement is released to the market.

Issued by

Alex Sutton

Compliance Adviser, Geology, Listings Compliance (Sydney)

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

3 May 2021 ASX Limited

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3 May 2021

Mr Alex Sutton ASX Compliance Pty Ltd Exchange Centre, 20 Bridge Street Sydney NSW 2000

Dear Mr Sutton

Trading Halt Request

Pursuant to ASX Listing Rule 17.1 Carbonxt Group Limited ( Company ) (ASX: CG1) requests that ASX grant a trading halt in respect of its fully paid ordinary shares from the commencement of trading on 3 May 2021.

The following information is provided in accordance with Listing Rule 17.1:

1. Reason for trading halt – to assist the Company in managing its continuous disclosure obligations as the Company expects to make a material announcement to the market in relation to a proposed capital raise.

2. Duration of the trading halt – the Company expects the trading halt will last until it makes an announcement to the ASX concerning the outcome of the capital raise, which it expects to make before the commencement of trading on 5 May 2021.

3. Termination of the trading halt – the Company anticipates the trading halt will cease upon the commencement of normal trading on 5 May 2021.

4. No reason – the Company is not aware of any reason why the trading halt should not be granted.

5. Further information – none.

Yours Sincerely

Laura Newell Company Secretary

Carbonxt Group Limited. Level 12, 225 George Street, Sydney NSW 2000