MICRO-X LIMITED — Capital/Financing Update 2025

Feb 5, 2025

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6 February 2025

ASX Market Announcements Office 20 Bridge Street Sydney NSW 2000

Notice under section 708AA(2)(f) of the Corporations Act 2001 (Cth)

Micro-X Limited ACN 153 273 735 ( Company ) has today announced that it is undertaking an accelerated non-renounceable pro-rata entitlement offer of new fully paid ordinary shares in the Company ( New Shares ) to raise gross proceeds of up to approximately A$4 million (before costs) ( Entitlement Offer ).

Under the Entitlement Offer, eligible shareholders will be invited to subscribe for 1 New Share for every 10 existing fully paid ordinary shares in the Company held as at the record date, 7.00pm (AEDT) on 10 February 2025, at an issue price of A$0.07 per New Share.

The Entitlement Offer will not be underwritten.

Further details regarding the Entitlement Offer are detailed in the ASX announcement and investor presentation accompanying this notice.

The Company hereby notifies ASX under paragraph 708AA(2)(f) of the Corporations Act 2001 (Cth) ( Corporations Act ), as modified by the Australian Securities and Investments Commission ( ASIC ) Corporations (Non-Traditional Rights Issues) Instrument 2016/84 and ASIC Corporations (Disregarding Technical Relief) Instrument 2016/73 ( ASIC Instruments ) that:

• (a) the Company will offer the New Shares under the Entitlement Offer without disclosure to investors under Part 6D.2 of the Corporations Act;

• (b) this notice is being given under section 708AA(2)(f) of the Corporations Act as modified by the ASIC Instruments;

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

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

• (ii) sections 674 and 674A of the Corporations Act;

• (d) as at the date of this notice, there is no excluded information as defined in section 708AA(8) and section 708AA(9) of the Corporations Act which is required to be disclosed by the Company;

• (e) the potential effect which the issue of New Shares pursuant to the Entitlement Offer will have on the control of the Company is as follows:

• (i) if all eligible shareholders take up their entitlements under the Entitlement Offer, the New Shares issued under the Entitlement Offer will have no effect on the control of the Company

Micro-X Limited, 1284 South Road, Tonsley, South Australia, 5042, AUSTRALIA

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and all shareholders will hold the same percentage interest in the Company, subject only to changes resulting from ineligible shareholders being unable to participate in the Entitlement Offer; and

• (ii) in the more likely event that there is a shortfall in the Entitlement Offer, eligible shareholders who do not subscribe for their full entitlement of New Shares under the Entitlement Offer (such as those who sell their rights to New Shares under the Entitlement Offer) will be diluted relative to those shareholders who subscribe for some or all of their entitlement, and will be diluted by any take up of the shortfall.

Release authorised by the Board of Micro-X Limited.

Yours sincerely

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Kingsley Hall Chief Executive Officer and Company Secretary Micro-X Limited

About Micro-X

Micro-X Limited is an ASX listed hi-tech company developing and commercialising a range of innovative products for global health and security markets, based on proprietary cold cathode, carbon nanotube (CNT) emitter technology. The electronic control emitters with this technology enables x-ray products with significant reduction in size, weight, and power requirements, enabling greater mobility and ease of use in existing x-ray markets and a range of new and unique security applications. Micro-X has a fully vertically integrated design and production facility in Adelaide, Australia. A growing technical and commercial team based in Seattle is rapidly expanding Micro-X’s US business.

Micro-X’s product portfolio spans a number of high margin, product applications in health and security. The first mobile digital radiology products are currently sold for diagnostic imaging in global healthcare, military and veterinary applications. The US Department of Homeland Security has contracted Micro-X to design a next-generation Airport security checkpoint. A miniature brain CT imager for pre-hospital stroke diagnosis in ambulances, is being developed with funding from the Australian Government’s Medical Research Future Fund. In November 2024, US Government agency ARPA-H contracted Micro-X to develop a full-body CT.

For more information visit: www.micro-x.com

CONTACTS

Micro-X Limited	Investor Enquiries
Kingsley Hall, Chief Executive Officer Rebecca Puddy, Head of Corporate Communications Tel: +61 8 7099 3966 E:media@micro-x.com	David Allen / John Granger Hawkesbury Partners Tel: +61 2 9103 9494 E:dallen@hawkesburypartners.com jgranger@hawkesburypartners.com

Micro-X Limited, 1284 South Road, Tonsley, South Australia, 5042, AUSTRALIA

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