MICRO-X LIMITED — Major Shareholding Notification 2022

Nov 16, 2022

FORM 604 Corporations Act 2001 Section 671B

NOTICE OF CHANGE OF INTERESTS OF SUBSTANTIAL HOLDER

To: Company Name/Scheme MX1 - Micro-X Limited ACN/ARSN 153 273 735 1. Details of Substantial Holder(1) Name Acorn Capital Limited ACN/ARSN (if applicable) 082 694 531 There was a change in the interests of the 16/11/2022 substantial holder on The previous notice was given to the company on 29/06/2022 The previous notice was dated 29/06/2022

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of Securities (4)	Previous notice	Previous notice	Present Notice	Present Notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary	30,102,750	6.52%	45,097,950	9.29%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of Change	Person whose relevantinterest changed	Nature ofchange (6)	Consideration given inrelation to change (7)	Class and number ofsecurities affected	Person's votesaffected
See Annexure A

4. Present relevant interests

Particulars of each relevant interests of the substantial holder in voting securities after the change are as follows:

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----- Start of picture text ----- Holder of Relevant Interest Registered Holder of Securities Person Entitled to be Nature of relevant interest (6) Class and Person'sRegistered as Holder (8) Number of VotesSecuritiesAcorn Capital Ltd State Street Bank and Trust State Street Bank and Trust In its capacity as investment 2,836,032 2,836,032manager for varioussuperannuation funds, institutionali nvestor portfolios and unit trustsAcorn Capital Ltd JP Morgan Chase Nominees JP Morgan Chase 18,874,066 18,874,066has the power to exercise , orNomineescontrol of, a right attached to thesecurities and has the power toAcorn Capital Ltd BNP Paribas Securities BNP Paribas Securities d ispose of, or control the exercise 23,387,852 23,387,852Services Australia Branch Services Australia Branch of a power to dispose of, thesecurities.----- End of picture text -----

5. Changes in Associates

The persons who have become associates (2) of, ceased to be associates, or have change the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) Name of Association

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
All Relevant Holders	C/O Acorn Capital Limited, Level 4, 2 Russell Street, Melbourne Victoria 3000

Print Name	PAUL PALUMBO	Capacity	Director
Sign Here		Date	17/11/2022

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Annexure A

This Annexure A referred to in the Form 604 Notice of Change of Interests of Substantial Holder signed by me and dated 17/11/2022

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.................................................. PAUL PALUMBO Director

29-Jun-2022 to 17-Nov-2022

Date Of Change	Person whose relevant interest	Nature of Change	Consideration given in	Consideration given in	Person's votes
	changed		relation to change	relation to change	affected
07/09/2022	Acorn Capital Ltd	Sale	-$9,794.61	-70,000ordinary shares	-70,000
08/09/2022	Acorn Capital Ltd	Sale	-$5,596.92	-40,000ordinary shares	-40,000
19/09/2022	Acorn Capital Ltd	Purchase	$132,609.83	757,770ordinary shares	757,770
21/09/2022	Acorn Capital Ltd	Purchase	$24,248.36	146,879ordinary shares	146,879
23/09/2022	Acorn Capital Ltd	Purchase	$54.98	333ordinary shares	333
26/09/2022	Acorn Capital Ltd	Purchase	$14,329.01	87,169ordinary shares	87,169
27/09/2022	Acorn Capital Ltd	Purchase	$8,186.77	48,131ordinary shares	48,131
28/09/2022	Acorn Capital Ltd	Purchase	$30,653.44	181,532ordinary shares	181,532
29/09/2022	Acorn Capital Ltd	Purchase	$27,283.88	165,266ordinary shares	165,266
30/09/2022	Acorn Capital Ltd	Purchase	$11,170.94	68,120ordinary shares	68,120
16/11/2022	Acorn Capital Ltd	Purchase	$1,778,403.90	13,650,000ordinary shares	13,650,000

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