DXN LIMITED — Capital/Financing Update 2021

Oct 3, 2021

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4 October 2021

ASX Announcement

Results of Share Purchase Plan

DXN Limited (ASX:DXN) (the “ Company ”) advises that the share purchase plan (“ SPP ”) announced to ASX on 9 September 2021 closed, as scheduled, on 30 September 2021.

The SPP was capped at $1.5 million, with the Company receiving valid applications pursuant to the SPP for a total of 134,666,622 ordinary fully paid shares at $0.009 per share for total proceeds of $1,212,000 before costs. The SPP follows the successful completion of the ~$1.64 million placement to a strategic investor and sophisticated investors.

Further details of the terms of the SPP can be found in the ASX announcement dated 15 September 2021. An Appendix 2A will be provided to ASX on or about 6 October 2021 in respect of valid applications for shares received by the Company pursuant to the SPP.

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For more information please contact:

Matthew Madden, CEO T +61 1300 328 239 E: investorrelations@dxn.solutions

ASX Release authorised by the Board

DXN Limited

5 Parkview Drive, Sydney Olympic Park, Sydney, NSW 2127 W: dxn.solutions | T: 1300 328 239 | E: info@dxn.solutions

ABN: 46 620 888 548