CONTROL BIONICS LIMITED — Major Shareholding Notification 2025

Feb 26, 2025

604 Page 1 of 3 15 July 2001

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme

ACN/ARSN

CONTROL BIONICS LIMITED

45 115 465 462

1. Details of substantial holder (1)

Name Phoenix Development Fund Limited

ACN/ARSN (if applicable)

094 922 602

There was a change in the interests of the substantial holder on

26/2/2025

The previous notice was given to the company on 19 / 1 / 2024 The previous notice was dated 19 / 1 / 2024

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

ompany or scheme, are as follows:
Class of securities (4)	Previous notice		Present notice
	Person’s votes	Voting power(5)	Person’s votes	Voting power(5)
Fully paid ordinary	31,269,581	18.32%	58,495,641	19.85%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
26/2/2025	Phoenix Development Fund Limited	Placement	$1 million	22,222,222	22,222,222
27/5/2024	Phoenix Development Fund Limited	Placement	$215,165	5,003,838	5,003,838

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
Phoenix Development Fund Limited	Phoenix Development Fund Limited	Phoenix Development Fund Limited	BENEFICIALLY HELD	58,495,641	58,495,641

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604 Page 2 of 3 15 July 2001

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) Nature of association

n/a

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Nightingale Partners Pty Ltd	Level 3, 22 Market Street, Sydney, NSW.

Signature

print name Lindsay Phillips capacity Director sign here date 27 / 2 / 2025

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (6) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

• See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

• (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".

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604 Page 3 of 3 15 July 2001

(9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

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Audit trail

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CBL Substantial Shareholder Notice Title 250227_Phoenix.doc File name Document ID 0ce81aac9cd97cf8f10196982f221703038630be Audit trail date format DD / MM / YYYY Status Signed

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25 / 02 / 2025 Sent for signature to Lindsay Phillips 02:56:38 UTC (ljp@nightingale.com.au) from admin@nightingale.com.au IP: 203.45.2.60 25 / 02 / 2025 Viewed by Lindsay Phillips (ljp@nightingale.com.au) 03:10:33 UTC IP: 1.145.48.179 25 / 02 / 2025 Signed by Lindsay Phillips (ljp@nightingale.com.au) 03:10:48 UTC IP: 1.145.48.179 25 / 02 / 2025 The document has been completed. 03:10:48 UTC

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