ION VIDEO LTD — Capital/Financing Update 2021

Aug 10, 2021

==> picture [84 x 26] intentionally omitted <==

ASX Announcement 11 August 2021

CLEANSING NOTICE UNDER SECTION 708A OF THE CORPORATIONS ACT

Linius Technologies Limited (ASX: LNU) (Company) advises that today it has issued 180,000,000 fully paid ordinary shares ( New Shares ) via a placement to professional and sophisticated investors at 2 cents per New Share, to raise $3,600,000 before costs, further to the announcement made by the Company on 2 August 2021.

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.

In addition to the above, the Company has issued 25,000,000 options with an exercise price of 3 cents, expiring on 11 August 2023. These were issued inline with the announcement made by the Company on 2 August 2021.

==> picture [108 x 35] intentionally omitted <==

Giuseppe Rinarelli Company Secretary

Linius Technologies Limited (ASX: LNU) ACN 149 796 332

Suite 1, 2A River Street, South Yarra VIC 3141 Australia

t: +61 3 8672 7186 / e: info@linius.com