HUB24 LIMITED — Capital/Financing Update 2020

Nov 4, 2020

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5 November 2020

The Manager Company Announcements Office ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam

Shares issued under Institutional Placement Notice under section 708A(5)(e) of the Corporations Act 2001 (Cth)

This notice is given by HUB24 Limited ACN 124 891 685 ( Company ) under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ).

The Company has issued 2,500,000 fully paid ordinary shares ( Shares ) at an issue price of A$20.00 per Share to institutional and professional investors under the institutional placement announced on Wednesday, 28 October 2020.

The Company states that:

• (a) the Company issued the Shares without disclosure to investors under Part 6D.2 of the Corporations Act;

• (b) this notice is being given under section 708A(5)(e) of the Corporations Act;

• (c) as a disclosing entity, the Company is subject to regular reporting and disclosure obligations;

• (d) as at the date of this notice, the Company has complied with:

  • (i) the provisions of Chapter 2M of the Corporations Act, as they apply to the Company; and

  • (ii) section 674 of the Corporations Act; and

• (e) as at the date of this notice, there is no information that is "excluded information" within the meanings of sections 708A(7) and 708A(8) of the Corporations Act.

Yours faithfully

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Kitrina Shanahan Joint Company Secretary HUB24 Limited

This document is authorised for release by the Managing Director of HUB24 Limited.