INVION LIMITED — Share Issue/Capital Change 2021

Oct 3, 2021

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

Announcement Summary

Entity name

INVION LIMITED

Announcement Type

New announcement

Date of this announcement

Monday October 04, 2021

The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
IVX	ORDINARY FULLY PAID	1,000,000	30/09/2021

Refer to next page for full details of the announcement

Application for quotation of +securities

1 / 9

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

Part 1 - Entity and announcement details

1.1 Name of entity

INVION LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

ACN

Registration number 094730417

1.3 ASX issuer code

IVX

1.4 The announcement is

==> picture [8 x 8] intentionally omitted <==

New announcement

1.5 Date of this announcement

4/10/2021

Application for quotation of +securities

2 / 9

Application for quotation of +securities

Part 2 - Type of Issue

==> picture [21 x 22] intentionally omitted <==

2.1 The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

2.2 The +securities to be quoted are:

==> picture [8 x 8] intentionally omitted <==

Additional +securities in a class that is already quoted on ASX ("existing class")

Application for quotation of +securities

3 / 9

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an Appendix 3B

Existing +securities converting into additional +securities in an existing class

FROM (Existing Class) ASX +security code and description IVXAAA : OPTION EXPIRING 31-OCT-2024 EX NIL

TO (Existing Class)
ASX +security code and description
IVX : ORDINARY FULLY PAID
Please state the number of options	The first date the options were	The last date the options were
that were exercised or other	exercised or other +convertible	exercised or other +convertible
+convertible securities that were	securities were converted	securities were converted
converted		30/9/2021
882,961
Is this all of the options or other +convertible securities on issue of that type		(ie have all of those options now been
exercised or have all of those convertible securities now been converted)?
No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by: An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? No

Issue date 30/9/2021

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

Application for quotation of +securities

4 / 9

Application for quotation of +securities

Issue details

==> picture [21 x 22] intentionally omitted <==

Number of +securities to be quoted 882,961

Are the +securities being issued for a cash consideration?

==> picture [9 x 8] intentionally omitted <==

No

Please describe the consideration being provided for the +securities

Exercise price of the options was $0.00 per share as approved at the AGM on 21 October 2020 (Resolutions 7a, 7b and 7c) in lieu of directors fees being paid in cash.

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 0.000000 Any other information the entity wishes to provide about the +securities to be quoted Issue of shares upon exercise by a director of 1,000,000 options previously issued to that director in lieu of cash directors fees.

Existing +securities converting into additional +securities in an existing class

FROM (Existing Class) ASX +security code and description IVXAAB : OPTION EXPIRING 31-OCT-2024 EX NIL

TO (Existing Class) ASX +security code and description IVX : ORDINARY FULLY PAID Please state the number of options The first date the options were The last date the options were that were exercised or other exercised or other +convertible exercised or other +convertible +convertible securities that were securities were converted securities were converted converted 30/9/2021 97,698

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by:

==> picture [9 x 8] intentionally omitted <==

An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme?

==> picture [9 x 9] intentionally omitted <==

Application for quotation of +securities

5 / 9

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

No Issue date 30/9/2021 Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Issue details Number of +securities to be quoted 97,698 Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities Exercise price of the options was $0.00 per share as approved at the AGM on 21 October 2020 (Resolutions 7a, 7b and 7c) in lieu of directors fees being paid in cash. Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 0.000000 Any other information the entity wishes to provide about the +securities to be quoted Issue of shares upon exercise by a director of 1,000,000 options previously issued to that director in lieu of cash directors fees. Existing +securities converting into additional +securities in an existing class FROM (Existing Class) ASX +security code and description IVXAY : OPTION EXPIRING 31-OCT-2024 EX $0.00 TO (Existing Class)

Application for quotation of +securities

6 / 9

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

ASX +security code and description

IVX : ORDINARY FULLY PAID

Please state the number of options The first date the options were The last date the options were that were exercised or other exercised or other +convertible exercised or other +convertible +convertible securities that were securities were converted securities were converted converted 30/9/2021 19,341

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by: An issue of new +securities

The underlying securities being received by the holder are:

==> picture [9 x 8] intentionally omitted <==

Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? No

Issue date

30/9/2021

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

Application for quotation of +securities

7 / 9

Application for quotation of +securities

Issue details

==> picture [21 x 22] intentionally omitted <==

Number of +securities to be quoted

19,341

Are the +securities being issued for a cash consideration?

==> picture [9 x 8] intentionally omitted <==

No

Please describe the consideration being provided for the +securities

Exercise price of the options was $0.00 per share as approved at the AGM on 21 October 2020 (Resolutions 7a, 7b and 7c) in lieu of directors fees being paid in cash.

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

0.000000

Any other information the entity wishes to provide about the +securities to be quoted

Issue of shares upon exercise by a director of 1,000,000 options previously issued to that director in lieu of cash directors fees.

Application for quotation of +securities

8 / 9

Application for quotation of +securities

Part 4 - Issued capital following quotation

==> picture [21 x 22] intentionally omitted <==

Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities subject of this application)

	Total number of
ASX +security code and description	+securities on issue
IVX : ORDINARY FULLY PAID	5,540,542,295

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
IVXAX : OPTION EXPIRING 22-OCT-2024 EX $0.0177	20,443,211
IVXAW : OPTION EXPIRING 01-JUL-2024 EX 2C	15,928,570
IVXAZ : OPTION EXPIRING 31-OCT-2024 EX $0.0106	2,725,762
IVXAA : OPTION EXPIRING 31-OCT-2024 EX NIL	7,313,661
IVXAT : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	199,434,880
IVXAV : OPTION EXPIRING 31-AUG-2024 EX 1.72C	20,443,211
IVXAU : OPTION EXPIRING 30-OCT-2023 EX 2C	2,725,761
IVXAY : OPTION EXPIRING 31-OCT-2024 EX $0.00	5,670,282
IVXAAA : OPTION EXPIRING 31-OCT-2024 EX NIL	2,556,462
IVXAAB : OPTION EXPIRING 31-OCT-2024 EX NIL	3,639,427

Application for quotation of +securities

9 / 9