ION VIDEO LTD — Capital/Financing Update 2018

Mar 1, 2018

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www.linius.com (ASX: LNU)

Linius Technologies Limited ACN 149 796 332 Level 18, 101 Collins Street Melbourne, Victoria, 3000

ASX Announcement 1 March 2018

CLEANSING NOTICE UNDER SECTION 708A OF THE CORPORATIONS ACT

Linius Technologies Limited (ASX: LNU) (Company) advises that today it has issued 81,250,000 fully paid ordinary shares ( New Shares ) via a placement to sophisticated investors at 12 cents per New Share with one free attaching option for every two New Shares issued, for an aggregate of 40,625,016 options ( Options ), to raise$9,750,000 before costs, further to the announcement made by the Company on 21 February 2018.

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 and Options 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