INVION LIMITED — Capital/Financing Update 2026

Jan 29, 2026

Appendix 3B - Proposed issue of securities

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Announcement Summary

Entity name

INVION LIMITED

Announcement Type

New announcement

Date of this announcement

30/1/2026

The Proposed issue is:

A placement or other type of issue

Total number of +securities proposed to be issued for a placement or other type of issue

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
IVXAAQ	CONVERTIBLE NOTES	671,882

Proposed +issue date 26/3/2026

Refer to next page for full details of the announcement

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

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Part 1 - Entity and announcement details

1.1 Name of +Entity

INVION LIMITED

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

1.2 Registered Number Type

ACN

Registration Number

094730417

1.3 ASX issuer code

IVX

1.4 The announcement is

New announcement

1.5 Date of this announcement

30/1/2026

1.6 The Proposed issue is:

A placement or other type of issue

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Appendix 3B - Proposed issue of securities

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Part 7 - Details of proposed placement or other issue

Part 7A - Conditions

7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis? Yes 7A.1a Conditions

Approval/Condition Date for determination +Security holder approval 26/3/2026

Is the date estimated or ** Approval actual? received/condition met? Estimated

Comments

Shareholder approval will be required for the Executive Chairman and CEOs participation the convertible note raising (224k). In addition second tranche raising will need approval as it exceeds current capacity under section 7.1.

Part 7B - Issue details

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Existing class

Will the proposed issue of this +security include an offer of attaching +securities? No

Details of +securities proposed to be issued

ASX +security code and description

IVXAAQ : CONVERTIBLE NOTES

Number of +securities proposed to be issued

671,882

Offer price details

Are the +securities proposed to be issued being issued for a cash consideration? Yes

In what currency is the cash What is the issue price per consideration being paid? +security? AUD - Australian Dollar AUD 1.00000

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?

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Appendix 3B - Proposed issue of securities

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Yes

Part 7C - Timetable

7C.1 Proposed +issue date

26/3/2026

Part 7D - Listing Rule requirements

7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? Yes

7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 26/3/2026

7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? Yes

7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No

7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? No

Part 7E - Fees and expenses

7E.1 Will there be a lead manager or broker to the proposed issue? Yes

7E.1a Who is the lead manager/broker?

Blue Ocean Equities Pty Ltd

7E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker?

A management fee equivalent to 2% of the total proceeds raised under the Offer and a 4% selling fee calculated on the total proceeds raised under the Offer, less Chairman's list investors.

7E.2 Is the proposed issue to be underwritten?

No

7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue

No further material fees.

Part 7F - Further Information

7F.01 The purpose(s) for which the entity is issuing the securities

Research & Development and working capital.

7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No

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Appendix 3B - Proposed issue of securities

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7F.2 Any other information the entity wishes to provide about the proposed issue

At point of conversion, price is set at 80% of the 15-day VWAP of Invion's share price with a floor of $0.09 and a cap of $0.11. Upon conversion, investor is entitled to one option for each Convertible Note, exercisable at $0.14 and expire two years from issue date. These options will not be quoted on the ASX. Maximum number of securities to be issued under the Convertible Note 671,882 divided by the floor price $0.09 = 7,465,356 plus an equal number of options equals 14,930,712 securities.

Appendix 3B - Proposed issue of securities

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