Enablence Technologies Inc. — Regulatory Filings 2021

Jul 31, 2021

FORM 51-102F3

MATERIAL CHANGE REPORT

Item 1. Name and Address of Corporation

Enablence Technologies Inc. 390 March Road, Suite 119 Ottawa, Ontario K2K 0G7

Item 2. Date of Material Change

July 29, 2021

Item 3. News Release

A news release issued by Enablence Technologies Inc. (the " Company " or " Enablence ") on July 30, 2021 announcing the material change was disseminated through Newsfile Corp. and filed on SEDAR (www.sedar.com) under Enablence's issuer profile.

Item 4. Summary of Material Change

On July 29, 2021, the Ontario Securities Commission (the " OSC ") issued an order revoking the cease trade order issued on June 9, 2020 in relation to the securities of the Company (the " Cease Trade Order ").

Item 5. Full Description of Material Change

On July 29, 2021, the OSC issued an order revoking the Cease Trade Order issued on June 9, 2020 in relation to the securities of the Company.

The Cease Trade Order was revoked after the filing or re-filing, as the case may be, by Enablence of the documents described in order of the OSC revoking the Cease Trade Order. Copies of these documents are available on SEDAR (www.sedar.com) under Enablence's issuer profile.

With the revocation of the Cease Trade Order, trading in the common shares of the Company through the facilities of the TSX Venture Exchange is expected to be reinstated late next week.

The Company has also provided a written undertaking to the OSC and TSX Venture Exchange to hold an annual meeting within three months after the date of the revocation of the Cease Trade Order.

Item 6. Reliance on Subsection 7.1(2) of National Instrument 51-102

Not applicable.

Item 7. Omitted Information

None.

Item 8. Executive Officer

Craig Mode

Co-Chief Executive Officer and Chief Financial Officer Enablence Technologies Inc. 390 March Road, Suite 119

Ottawa, Ontario K2K 0G7

Telephone: (613) 656-2850 Item 9. Date of Report July 30, 2021