ION VIDEO LTD — Capital/Financing Update 2020

Dec 13, 2020

Proposed issue of securities

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Announcement Summary

Entity name

LINIUS TECHNOLOGIES LIMITED

Announcement Type

New announcement

Date of this announcement

Monday December 14, 2020

The Proposed issue is:

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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 LNU ORDINARY FULLY PAID 6,000,000

Proposed +issue date Thursday April 1, 2021

Refer to next page for full details of the announcement

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Proposed issue of securities

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Part 1 - Entity and announcement details

1.1 Name of +Entity

LINIUS TECHNOLOGIES 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.

1.2 Registered Number Type

ABN

Registration Number

84149796332

1.3 ASX issuer code

LNU

1.4 The announcement is

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New announcement

1.5 Date of this announcement

Monday December 14, 2020

1.6 The Proposed issue is:

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A placement or other type of issue

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Part 7 - Details of proposed placement or other issue

Part 7A - Conditions

7A.1 - Are any of the following approvals required for the placement or other type of issue? +Security holder approval Court approval Lodgement of court order with +ASIC ACCC approval FIRB approval Another approval/condition external to the entity Yes

7A.1a Conditions

Approval/Condition	Date for determination	Is the date estimated or	**** Approval**
+Security holder approval	Thursday April 1, 2021	actual?	received/condition met?
		Estimated

Comments

Shareholder approval required under LR10.14 for an issue to a director of shares under the company's incentive share plan.

Part 7B - Issue details

Is the proposed security a 'New Will the proposed issue of this class' (+securities in a class that is +security include an offer of not yet quoted or recorded by ASX) attaching +securities? or an 'Existing class' (additional No securities in a class that is already quoted or recorded by ASX)? Existing class

Details of +securities proposed to be issued

ASX +security code and description

LNU : ORDINARY FULLY PAID

Number of +securities proposed to be issued

6,000,000

Offer price details

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Are the +securities proposed to be issued being issued for a cash consideration? No

Please describe the consideration being provided for the +securities

Non executive director services.

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 396,000.000000

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

Part 7C - Timetable

7C.1 Proposed +issue date

Thursday April 1, 2021

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? No

7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? No

7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No

7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? No

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

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

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No

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

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No

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

No material fees to be incurred in relation to the proposed issue.

Part 7F - Further Information

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

Non-executive director remuneration in lieu of cash.

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

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

The issue of the shares will occur as follows, subject to shareholder approval: i) 2,000,000 shares issued upon shareholder approval;

ii) 2,000,000 shares issued one year after the anniversary of the director's commencement date; and iii) 2,000,000 shares issued two years after the anniversary of the director's commencement date.

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