NOVIQTECH LIMITED — Capital/Financing Update 2025

Jan 22, 2025

Appendix 3B - Proposed issue of securities

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Cancellation Summary Entity name NOVIQTECH LIMITED Announcement Type Cancellation of previous announcement Date of this announcement 23/1/2025 Reason for cancellation of previous announcement Updated terms of offer as per announcement 23 January 2025 Refer to next page for full details of the announcement

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

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Part 1 - Entity and announcement details

1.1 Name of +Entity

NOVIQTECH LIMITED

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

1.2 Registered Number Type

ACN

Registration Number

622817421

1.3 ASX issuer code

NVQ

1.4 The announcement is

Cancellation of previous announcement

1.4c Reason for cancellation of previous announcement

Updated terms of offer as per announcement 23 January 2025

1.4d Date of previous announcement to this cancellation

20/1/2025

1.5 Date of this announcement

23/1/2025

1.6 The Proposed issue is:

A standard +pro rata issue (non-renounceable or renounceable)

1.6a The proposed standard +pro rata issue is:

• Non-renounceable

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Appendix 3B - Proposed issue of securities

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Part 3 - Details of proposed entitlement offer issue

Part 3A - Conditions

3A.1 Do any external approvals need to be obtained or other conditions satisfied before the entitlement offer can proceed on an unconditional basis? No

Part 3B - Offer details

+Class or classes of +securities that will participate in the proposed issue and +class or classes of +securities proposed to be issued

ASX +security code and description

NVQ : ORDINARY FULLY PAID

Is the proposed security a 'New Will the proposed issue of this If the entity has quoted company class' (+securities in a class that is +security include an offer of options, do the terms entitle option not yet quoted or recorded by ASX) attaching +securities? holders to participate on exercise? or an 'Existing class' (additional No No securities in a class that is already quoted or recorded by ASX)? New class

Details of +securities proposed to be issued

ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them)

ISIN Code for the entitlement or right to participate in a non-renounceable issue (if Issuer is foreign company and +securities do not have +CDIs issued over them)

Have you received confirmation from Will the entity be seeking quotation ASX that the terms of the proposed of the 'new' class of +securities on +securities are appropriate and ASX? equitable under listing rule 6.1? Yes No ASX +security code +Security description New class-code to be confirmed Options exercisable at $0.20 on or before two years from the date of issue of the options +Security type Options

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Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities	Appendix 3B - Proposed issue of securities	Appendix 3B - Proposed issue of securities
Offer ratio (ratio to existing holdings at which the proposed +securities will be issued)
The quantity of additional +securities	For a given quantity of +securities
to be issued	held
2	3
What will be done with fractional	Maximum number of +securities
entitlements?	proposed to be issued (subject to
	rounding)
Fractions rounded up to the next	153,511,524
whole number
Offer price details for retail security holders
In what currency will the offer be	What is the offer price per +security
made?	for the retail offer?
AUD - Australian Dollar	AUD 0.00200
Oversubscription & Scale back details
Will individual +security holders be permitted to apply for more than their
entitlement (i.e. to over-subscribe)?
Yes
Describe the limits on over-subscription
oversubscriptions to be at the discretion	of the board having regard to the holdings of Eligible Shareholders at the record
date.
Will a scale back be applied if the offer is over-subscribed?
No
Will all the +securities issued in this class rank equally in all respects from
their issue date?
Yes
Options details
+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.2000	13/2/2027
Details of the type of +security that will be issued if the option is exercised
NVQ : ORDINARY FULLY PAID
Number of securities that will be issued if the option is exercised
1 share per option exercised
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities
proposed to be issued or provide the information by separate announcement.
See ASX announcement dated 17 January 2025. The option expiry date will be the date that is two years after the date of
issue (specific date stated in 3B is indicative only).

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Appendix 3B - Proposed issue of securities

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Part 3C - Timetable

3C.1 +Record date

30/1/2025

3C.2 Ex date

29/1/2025

3C.4 Record date

30/1/2025

3C.5 Date on which offer documents will be sent to +security holders entitled to participate in the +pro rata issue

4/2/2025

3C.6 Offer closing date

13/2/2025

3C.7 Last day to extend the offer closing date

10/2/2025

3C.9 Trading in new +securities commences on a deferred settlement basis

3C.11 +Issue date and last day for entity to announce results of +pro rata issue

20/2/2025

3C.12 Date trading starts on a normal T+2 basis

21/2/2025

3C.13 First settlement date of trades conducted on a +deferred settlement basis and on a normal T+2 basis

25/2/2025

Part 3E - Fees and expenses

3E.1 Will there be a lead manager or broker to the proposed offer? No

3E.2 Is the proposed offer to be underwritten? No

3E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission? No

3E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed offer

None

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Appendix 3B - Proposed issue of securities

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Part 3F - Further Information

3F.1 The purpose(s) for which the entity intends to use the cash raised by the proposed issue Working capital and expenses of the offer. 3F.2 Will holdings on different registers or subregisters be aggregated for the purposes of determining entitlements to the issue? No 3F.3 Will the entity be changing its dividend/distribution policy if the proposed issue is successful? No 3F.4 Countries in which the entity has +security holders who will not be eligible to participate in the proposed issue Netherlands, Singapore, United Kingdom and United States 3F.5 Will the offer be made to eligible beneficiaries on whose behalf eligible nominees or custodians hold existing +securities No 3F.6 URL on the entity's website where investors can download information about the proposed issue see ASX announcement dated 17 January 2025 3F.7 Any other information the entity wishes to provide about the proposed issue No 3F.8 Will the offer of rights under the rights issue be made under a +disclosure document or product disclosure statement under Chapter 6D or Part 7.9 of the Corporations Act (as applicable)? Yes 3F.9 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a +disclosure document or +PDS for the +securities proposed to be issued

Appendix 3B - Proposed issue of securities

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