MAGONTEC LIMITED — Share Issue/Capital Change 2022

Oct 31, 2022

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MAGONTEC Limited ABN 51 010 441 666

Registered office Suite 1.03, 46A Macleay Street Potts Point, Sydney NSW 2011 T: +612 8084 7813

1 November 2022

Company Announcements Office Australian Securities Exchange Limited 20 Bridge Street Sydney, NSW, 2000

Dear Sir/Madam,

Magontec Limited - Issue of Ordinary Shares in Respect of Dividend Reinvestment Plan – Cleansing Notice Under Section 708A(5)(e) of the Corporations Act

This cleansing notice is given by Magontec Limited (ASX: MGL) (Company) under section 708A(5)(e) of the Corporations Act 2001 (Cth) (Corporations Act).

The Company advises that it has issued 792,625 fully paid ordinary shares (Shares) on 31 October 2022. Pursuant to section 708A(5)(e) of the Corporations Act, the Company gives notice that:

• the Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

• the Company is providing this notice under paragraph (5)(e) of section 708A of the Corporations Act;

• as at the date of this notice, the Company has complied with:

  • the provisions of Chapter 2M of the Corporations Act, as they apply to the Company; and

  • section 674 of the Corporations Act; and

• as at the date of this notice there is no information:

  • that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

  • that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

    • the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

    • the rights and liabilities attaching to the Shares.

Yours sincerely,

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John Talbot Company Secretary Magontec Limited

John Talbot, Company Secretary of Magontec Limited has authorised the release of this document to the market on 1 November 2022.