MICRO-X LIMITED — Major Shareholding Notification 2026

Jan 1, 2026

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ASX TO CROSS RELEASE: MX1

2 January 2026

BY ASX ONLINE - 4 pages

Market Announcements Platform ASX Limited Level 10 20 Bond Street SYDNEY NSW 2000

Dear Sir/Madam,

Notice of change of interests of substantial holder Micro-X Limited [ASX:MX1]

On 30 December 2025 Micro-X Limited issued shares which has resulted in dilution of Thorney’s holding in MX1.

Following is a Form 604 Notice of change of interests of substantial holder dated 2 January 2026 in accordance with section 671B of the Corporations Act 2001 (Cth) .

Yours sincerely,

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CRAIG SMITH AGIA,ACG, CPA Secretary

THORNEY TECHNOLOGIES LTD ABN 66 096 782 188 Level 45, 55 Collins St. Melbourne VIC 3000 Australia

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To: company name/scheme	MICRO-X LIMITED
ACN:	153 273 735

1. Details of substantial holder

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Name THORNEY TECHNOLOGIES LTD and each of the associated entities listed in the attached Annexure ‘A’ to this notice.

ACN (if applicable) 096 782 188 There was a change in the interests of the substantial holder on 30-Dec-25 The previous notice was given to the company on 15-May-20 The previous notice was dated 15-May-20

2. Previous and present voting power

The total number of shares votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate had a relevant interest 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	Previous Notice	Previous Notice	Present Notice	Present Notice
	Person’s votes	Voting power	Person’s votes	Voting power
Ordinary shares	26,282,972	7.36%	45,152,777	6.24%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, relevant interests 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 are as follows:

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Date of Person whose relevant interest Nature of Change Consideration Number and class of securities Person’s
Change changed given in affected votes
relation to affected
change
TIGA Trading Pty Ltd and each of
the Thorney Investment Group
entities listed in Annexure ‘A’ Convertible note $Nil 1,086,957 ordinary shares 1,086,957
16-Nov-20 (together ‘Thorney Investment conversion
Group’)
Thorney Technologies Ltd $250,000.00 1,086,957 ordinary shares 1,086,957
TIGA Trading Pty Ltd $Nil 3,492,683 ordinary shares 3,492,683
05-Feb-21 Placement
Thorney Technologies Ltd $1,187,511.88 3,492,682 ordinary shares 3,492,682
05-May-21 TIGA Trading Pty Ltd Market Purchase $Nil 500,000 ordinary shares 500,000
TIGA Trading Pty Ltd $Nil 7,368,421 ordinary shares 7,368,421
22-Apr-24 Placement
Thorney Technologies Ltd $174,999.98 1,842,105 ordinary shares 1,842,105
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4. Present relevant interests

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

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder	Nature of relevant interest	Number and class of securities	Person’s votes
Thorney Technologies Ltd	UBS Nominees Pty Ltd	Thorney Technologies Ltd	Thorney Technologies Ltd has a relevant interest under section 608(1)(b) of the Corporations Act 2001 (Cth)(theAct) as it is the beneficial holder of those shares.	9,727,610 ordinary shares	9,727,610
Thorney Investment Group	UBS Nominees Pty Ltd	Thorney Technologies Ltd	Thorney Investment Group is taken to have a relevant interest as it has the capacity to determine the outcome of decisions about the financial and operating policies of ThorneyTechnologies Ltd	9,727,610 ordinary shares	9,727,610
		TIGA Trading Pty Ltd	Thorney Investment Group is taken under section 608(3)(b) of the_Act_to have a relevant interest as it holds all the issued capital in Tiga TradingPtyLtd.	35,425,167 ordinary shares	35,425,167
Mr Alex Waislitz	UBS Nominees Pty Ltd	Thorney Technologies Ltd	Each of the entities listed in the adjacent column (and in Annexure ‘A’) are ‘associates’ pursuant to section 12(2)(a)(iii) of the_Act_by virtue of them being commonly controlled by Mr Alex Waislitz who, pursuant to section 50AA of the_Act_, has the capacity to determine the outcome of decisions about the financial and operating policies of each of those entities.	9,727,610 ordinary shares	9,727,610
		TIGA Trading Pty Ltd		35,425,167 ordinary shares	35,425,167

5. Changes in association

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

Name	Nature of association
Jamah Investments Pty Ltd, ACN 093 388 928 as trustee for the Jamah Investment Trust	Has ceased to be an associate

6. Addresses

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

Name	Address
Thorney Technologies Ltd, ACN 096 782 188	Level 45, 55 Collins Street, Melbourne 3000
Tiga Trading Pty Ltd, ACN 118 961 210	Level 45, 55 Collins Street, Melbourne 3000
Thorney Investment Group and each of the entities listed in Annexure ‘A’ to this notice	See Annexure ‘A’ to this notice
Alex Waislitz	Level 45, 55 Collins Street, Melbourne 3000

Signature

Print name CRAIG SMITH Sign here

Capacity SECRETARY Date 2 January 2026

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ANNEXURE ‘A’

This is Annexure A referred to in the Form 604 Notice of change of interests of substantial holder signed by me and dated 2 January 2026.

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......................................... CRAIG SMITH Secretary

SUBSTANTIAL HOLDERS - ENTITY DETAILS

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Associated Entities Address
Thorney Investment Group
c/- Wilson Pateras, Ground Floor, 40 River Boulevard,
Jamahjo Pty Ltd, ACN 117 488 696 as trustee for the Halex Family Trust
Richmond 3121
Thistle Custodians Pty Ltd, ACN 078 027 193 Level 45, 55 Collins Street, Melbourne 3000
Thistle Holdings Pty Ltd, ACN 075 051 464 Level 45, 55 Collins Street, Melbourne 3000
Thorney Alpha Pty Ltd, ACN 162 820 537 Level 45, 55 Collins Street, Melbourne 3000
Thorney Beta Pty Ltd, ACN 162 828 677 Level 45, 55 Collins Street, Melbourne 3000
Thorney Holdings Pty Ltd, ACN 006 262 835 Level 45, 55 Collins Street, Melbourne 3000
Thorney International Pty Ltd, ACN 132 886 698 Level 45, 55 Collins Street, Melbourne 3000
Thorney Investment Group Australia Pty Ltd,
Level 45, 55 Collins Street, Melbourne 3000
ACN 117 488 892
Thorney Management Services Pty Ltd, ACN 164 880 148 Level 45, 55 Collins Street, Melbourne 3000
Thorney Omega Pty Ltd, ACN 163 964 636 Level 45, 55 Collins Street, Melbourne 3000
Tiga Property Pty Ltd, ACN 117 811 453 Level 45, 55 Collins Street, Melbourne 3000
Tiga (Ballarat) Pty Ltd, ACN 117 812 030 Level 45, 55 Collins Street, Melbourne 3000
Tiga Finance Pty Ltd, ACN 118 521 412 Level 45, 55 Collins Street, Melbourne 3000
Tiga (Hawthorn) Pty Ltd, ACN 126 952 663 Level 45, 55 Collins Street, Melbourne 3000
Tiga Tails Pty Ltd, ACN 080 534 416 Level 45, 55 Collins Street, Melbourne 3000
Tiga Trading Pty Ltd, ACN 118 961 210 Level 45, 55 Collins Street, Melbourne 3000
Other associates
Early Force Pty Ltd, ACN 103 134 363 as trustee for the Alex Waislitz
Level 45, 55 Collins Street, Melbourne 3000
Property Investment Trust
Jasforce Pty Ltd, ACN 017 167 713 as trustee for the Alex Waislitz c/- Wilson Pateras, Ground Floor, 40 River Boulevard,
Retirement Plan Richmond 3121
Thorney Opportunities Ltd, ACN 080 167 264 Level 45, 55 Collins Street, Melbourne 3000
58 Jarque Pty Ltd, ACN 617 756 377 Level 45, 55 Collins Street, Melbourne 3000
c/- Wilson Pateras, Ground Floor, 40 River Boulevard,
Two Towers Pty Ltd, ACN 134 730 546
Richmond 3121
c/- Wilson Pateras, Ground Floor, 40 River Boulevard,
Urban Land Nominees Pty Ltd, ACN 004 753 066
Richmond 3121
c/- Wilson Pateras, Ground Floor, 40 River Boulevard,
Coastal Estates Proprietary Limited, ACN 004 481 154
Richmond 3121
Waislitz Charitable Corporation Pty Ltd, ACN 163 623 612 as trustee for
Level 45, 55 Collins Street, Melbourne 3000
the Waislitz Family Foundation
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