ELSIGHT LIMITED — Capital/Financing Update 2022

Nov 2, 2022

Market Announcement

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3 November 2022

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Elsight Limited (ASX: ELS) – Suspension from Quotation

Description

The securities of Elsight Limited (‘ELS’) will be suspended from quotation immediately under Listing Rule 17.2, at the request of ELS, pending the release of an announcement regarding a capital raising.

Issued by

Dean Litis

Principal Adviser, Listings Compliance (Melbourne)

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

3 November 2022 ASX Limited

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3 November 2022

Dean Litis Principal Adviser, Listings Compliance (Melbourne)

Australian Securities Exchange Limited Level 4, North Tower Rialto Towers 525 Collins Street Melbourne VIC 3000

Via Email: dean.litis@asx.com.au

Dear Dean,

ELSIGHT LIMITED - REQUEST FOR VOLUNTARY SUSPENSION

We refer to the request of 1 November 2022 for a trading halt in respect to the shares of Elsight Limited (ACN 616 435 753) (ASX: ELS) (Elsight or the Company).

Elsight requests, pursuant to Listing Rule 17.2, that its securities be voluntarily suspended from quotation from the commencement of trading on 3 November 2022 (immediately after the cessation of the trading halt).

The voluntary suspension is requested to assist Elsight in finalising a convertible note capital raising and subsequent announcement to the market.

Elsight requests that the voluntary suspension remains in place until the earlier of:

• such time as Elsight releases an announcement in connection with the convertible note capital raising; or

• the commencement of normal trading on Friday, 4 November 2022.

Elsight is not aware of any reason why its shares should not be suspended, nor is it aware of any other information required to be provided to the market or ASX in relation to the suspension.

Should you require any other information, please do not hesitate to contact me.

Yours sincerely,

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Mark Licciardo Company Secretary