INVION LIMITED — Share Issue/Capital Change 2026

Mar 4, 2026

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Announcement Summary

Entity name

INVION LIMITED

Date of this announcement

Thursday March 05, 2026

The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	COVERTIBLE NOTES - MATURING 4 MARCH	578,118	05/03/2026
to be confirmed	2029

Refer to next page for full details of the announcement

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 1 - Entity and announcement details

1.1 Name of entity

INVION LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type Registration number ACN 094730417

1.3 ASX issuer code

IVX

1.4 The announcement is

New announcement

1.5 Date of this announcement

5/3/2026

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date and	Announcement Title	Selected Appendix 3B to submit quotation
Time		request
30-Jan-2026 18:14	New - Proposed issue of securities - IVX	A placement or other type of issue

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?

No

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Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B

Placement Details ASX +security code and description new unquoted class of security Date the +securities the subject of this notification were issued 5/3/2026 Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities 578,118 Were the +securities issued for a cash consideration? Yes In what currency was the cash consideration being What was the issue price per +security? paid? AUD - Australian Dollar AUD 1.00000000

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Part 3C - number and type of +securities the subject of this notification (new class)

ASX +security code	+Security description
New class - code to be confirmed	COVERTIBLE NOTES - MATURING 4 MARCH 2029
+Security type	ISIN code
+Convertible debt securities
Date the +securities the subject of this notification were	issued
5/3/2026
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
listing rule 6.1?
Yes
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued. https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03051502-2A1650814&v=undefined
+Convertible debt securities Details
Type of +security
Convertible note or bond
+Security currency Face value	Interest rate type
AUD - Australian Dollar AUD 1.00000000	Zero coupon/no interest
Frequency of coupon/interest payments per year
No coupon/interest payments
s128F of the Income Tax Assessment Act status applicable to the +security
Not applicable
Is the +security perpetual (i.e. no maturity)?	Maturity date
No	4/3/2029
Select other feature(s) applicable to the +security
None of the above
Is there a first trigger date on which a right of conversion, redemption, call
or put can be exercised (whichever is first)?
No
Details of the existing class of +security that will be issued if the securities are converted, transformed or
exchanged
IVX : ORDINARY FULLY PAID

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Any other information the entity wishes to provide about the +securities the subject of this notification

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

Issue details

Number of +securities 578,118

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities of the entity will comprise:

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.

4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
IVXO : OPTION EXPIRING 30-JUN-2027	65,894,631
IVX : ORDINARY FULLY PAID	85,647,255
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
IVXAO : OPTION EXPIRING 31-OCT-2028 EX NIL	162,515
IVXAB : OPTION EXPIRING 29-MAY-2028 EX $0.14	794,332
IVXAAO : OPTION EXPIRING 13-JAN-2029 EX NIL	48,960
IVXAAP : OPTION EXPIRING 28-JUL-2029 EX NIL	114,527
IVXAAK : OPTION EXPIRING 01-MAY-2026 EX $1.00	200,000
IVXAC : OPTION EXPIRING 30-JUN-2027 EX $0.21	681
IVXAAQ : CONVERTIBLE NOTES	72,024
IVXAP : OPTION EXPIRING 12-MAY-2028 EX $0.28	14,825,716
IVXAAI : OPTION EXPIRING 17-NOV-2026 EX NIL	220,138
IVXAAM : OPTION EXPIRING 28-NOV-2026 EX $1.00	1,200,000
IVXAAL : OPTION EXPIRING 01-DEC-2026 EX $1.00	120,000
New class - code to be confirmed : COVERTIBLE NOTES - MATURING 4 MARCH 2029	578,118

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

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