DIGITALX LIMITED — Capital/Financing Update 2021

Mar 8, 2021

ASX ANNOUNCEMENT 9 MARCH 2021 SUCCESSFUL COMPLETION OF A$8.8M CAPITAL RAISING

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Not for release to US wire service or distribution in the United States

Highlights

• A$8,816,685 (before costs) raised from placement to U.S. institutional investors ( Placement ).

• DigitalX to use net proceeds from the capital raise to accelerate its business plan by growing its funds management division while continuing the development and rollout of its Drawbridge RegTech product.

Further to the announcement on 4 March 2021, DigitalX Limited (the Company ), the first ASX-listed Bitcoin-related company, is pleased to announce that it has completed its Placement to U.S. institutional investors, raising a total of $8,816,684 (before costs). The Company intends to use the net proceeds from the Placement to accelerate growth in its business, including the ongoing promotion of its Bitcoin and digital asset investment funds and the rollout of its new RegTech product for publicly traded companies and general working capital purposes.

The Company has today issued 97,963,164 shares at a price of $0.09. In addition to the new shares, the Company issued 55,839,003 warrants. 48,981,582 warrants have been issued to investors in the Placement, exercisable at of $0.10 each and expiring on 9 March 2024. A further 6,857,421 warrants were issued as part consideration for capital raising services in relation to the Placement, exercisable at $0.1125 each and expiring on 9 March 2024.*

Leigh Travers, Executive Director of DigitalX commented “We are pleased to complete the Placement and to welcome the support from our new U.S. institutional investors to the register. We look forward to accelerating our growth plans with this significant capital base”.

-Ends-

Authorised by the Board of Directors of DigitalX Limited.

All amounts in this ASX announcement are in Australian dollars unless otherwise indicated.

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 any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 and may not be offered or sold in the United States except in transactions exempt from, or not subject to, the registration of the US Securities Act and applicable US state securities laws.

For further information, please contact:

DigitalX Limited Leigh Travers Executive Director E: leigh@digitalx.com T: +61 439 376 847

*Note the Company’s announcements on 4 March 2020 incorrectly contemplated one warrant exercise price only.

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About DigitalX

DigitalX Limited (ASX: DCC) is a technology and investment company focused on blockchain consulting, digital asset funds management, and RegTech. DigitalX’s consulting division designs and develops blockchain technology applications for business and enterprise organizations. Through its asset management division, DigitalX provides low-cost traditional asset management products for qualified investors looking to gain exposure to the growing alternative asset class of digital assets, including Bitcoin. DigitalX is currently commercialising Drawbridge, the Company’s first RegTech solution that supports listed companies in better managing their compliance and corporate governance policies. With Drawbridge, companies can manage employee and director share trading approvals in order to safeguard their reputations.

www.digitalx.com | https://digitalx.fund/ | www.opendrawbridge.io