MICRO-X LIMITED — Capital/Financing Update 2017

May 10, 2017

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11 May 2017

Ms Cheng Tang Adviser, Listings Compliance (Melbourne) ASX Compliance Pty Limited Level 4, Rialto North Tower 525 Collins Street MELBOURNE VIC 3000

Dear Ms Tang

Notice under section 708A(5)(e) of the Corporations Act 2001 (Cth)

Micro-X Limited ACN 153 273 735 ( Company ) gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Act ).

On 5[th] May 2017 the Company announced the successful completion of the previously announced non-renounceable entitlement offer ( Entitlement Offer ).

The Company states as follows:

• (a) there were 1,063,140 fully paid ordinary shares under the Entitlement Offer related to ineligible shareholders who were unable to participate in the Entitlement Offer ( Excluded Shares );

• (b) the Excluded Shares were instead issued without disclosure under Part 6D.2 of the Act to certain institutional and professional investors;

• (c) this notice is being given under section 708A(5)(e) of the Act;

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

  • (i) the provisions of Chapter 2M of the Act as they apply to the Company; and

  • (ii) section 674 of the Act as it applies to the Company; and

• (e) as at the date of this notice, there is no 'excluded information' of the type referred to in sections 708A(7) and 708A(8) of the Act.

Yours sincerely

Georgina Carpendale Company Secretary, Micro-X Limited

PHONE +61 8 7099 3966 Tenancy A14 ABN: 21 153 273 735 EMAIL admin@micro-x.com 6 MAB Eastern Promenade WEBSITE www.micro-x.com Tonsley SA 5042 Australia