ION VIDEO LTD — Capital/Financing Update 2017

Jul 17, 2017

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www.linius.com (ASX: LNU)

Linius Technologies Limited ACN 149 796 332 Level 40, 140 William Street Melbourne, Victoria, 3000

ASX Announcement 18 July 2017

CLEANSING NOTICE UNDER SECTION 708A OF THE CORPORATIONS ACT

Linius Technologies Limited (ASX: LNU) (Company) advises that today it has issued 30,000,000 fully paid ordinary shares ( New Shares ) via a placement to sophisticated investors at 5 cents per New Share, to raise $1,500,000 before costs ( Placement ) further to the announcement made by the Company on 17 July 2017.

This notice is given by the Company under section 708A(5)(e) of the Corporations Act 2001 ( Act ). The Company advises that:

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

• (b) as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act; and

• (c) as at the date of this notice, there is no “excluded information” within the meanings of sections 708A(7) and 708A(8) of the Act.

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Stephen Kerr Company Secretary