ECHOIQ LIMITED — Director's Dealing 2022

Oct 23, 2022

ASX: EIQ RELEASE 24 October 2022

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ECHO IQ OPTIONS ACQUIRED IN OFF-MARKET TRANSACTION

Sydney: AI and Medical Technology company Echo IQ (the Company) (ASX:EIQ) advises that the EIQ shares and unquoted options held by the Company’s former CEO were acquired in an off-market transaction. Echo IQ Directors Steve Formica and Stephen Picton participated in the transaction alongside other long-term supporters and shareholders in the Company to acquire all the outstanding options and shares held by the former CEO. Details of the relevant changes in Directors’ Interests can be seen in the accompanying Appendix 3Y’s.

• ENDS -

Authorised for release by the Board of Directors of Echo IQ Limited.

Media Enquiries:

Philip Woolff, Chief Operating Officer philip.woolff@echoiq.ai / marketing@echoiq.ai / +61 (0)490 030 620

Investor Enquiries:

Andrew Grover, Executive Chair Andrew.grover@echoiq.ai / investor@echoiq.ai

ABOUT ECHO IQ

Echo IQ uses AI-driven technology and proprietary software to improve decision making in Cardiology. The company is based in Sydney, Australia.

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Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	EchoIQ Limited
ABN	48 142 901 353

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Mr Steve Formica
Date of last notice	24 June 2022

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Controller of: Stevsand Investments Pty Ltd Formica Investments PtyLtd
Date of change	18 October 2022
No. of securities held prior to change Stevsand Investments Pty Ltd Formica Investments Pty Ltd	17,000,000 fully paid ordinary shares 3,500,000 unquoted options exercisable at $0.08 on or before 30 June 2023 5,000,000 unquoted options exercisable at $0.05 on or before 31 May 2024 3,166,667 fully paid ordinary shares 250,000 unquoted options exercisable at $0.08 on or before 30 June 2023 10,000,000 unquoted options exercisable at $0.25 on or before 17 December 2024

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Class	unquoted options exercisable at $0.08 on or before 30 June 2023
Number acquired Stevsand Investments Pty Ltd	1,600,000 unquoted options
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$0.07 per unquoted option
No. of securities held after change Stevsand Investments Pty Ltd Formica Investments Pty Ltd	17,000,000 fully paid ordinary shares 5,100,000 unquoted options exercisable at $0.08 on or before 30 June 2023 5,000,000 unquoted options exercisable at $0.05 on or before 31 May 2024 3,166,667 fully paid ordinary shares 250,000 unquoted options exercisable at $0.08 on or before 30 June 2023 10,000,000 unquoted options exercisable at $0.25 on or before 17 December 2024
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Off Market Transfer

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 2

Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	EchoIQ Limited
ABN	48 142 901 353

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Stephen Picton
Date of last notice	28 October 2021

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Controller of: Richmond Bridge Superannuation Pty Ltd
Date of change	a) 18 October 2022 b) 20 October 2022
No. of securities held prior to change Richmond Bridge Superannuation Pty Ltd	21,114,854 fully paid ordinary shares 2,000,000 unlisted options exercisable at $0.25 on or before 29 October 2024

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Class	a) unquoted options exercisable at $0.08 on or before 30 June 2023 b) unquoted options exercisable at $0.05 on or before 31 May2024
Number acquired Richmond Bridge Superannuation Pty Ltd	a) 400,000 unquoted options b) 250,000 unquoted options
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	a) $0.07 per unquoted option b) $0.10 per unquoted option
No. of securities held after change Richmond Bridge Superannuation Pty Ltd	21,114,854 fully paid ordinary shares 2,000,000 unlisted options exercisable at $0.25 on or before 29 October 2024 400,000 unquoted options exercisable at $0.08 on or before 30 June 2023 250,000 unquoted options exercisable at $0.05 on or before 31 May 2024
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Off Market Transfers

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 2

Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3