NOVONIX Ltd — Capital/Financing Update 2019

Dec 23, 2019

ASX ANNOUNCEMENT (ASX: NVX )

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24 December 2019

Extension of Share Purchase Plan

NOVONIX Limited (ASX: NVX, “NOVONIX” or “Company”) wishes to advise that the closing date for its Share Purchase Plan (“SPP”) has been extended to 5:00pm (AEST) on 10 January 2020 from the previous closing date of 24 December 2019.

The Company has received a large number of enquiries from shareholders interested in participating in the SPP who have experienced delays in the receipt of their SPP Offer Documents. Accordingly, the Board has decided to extend the closing date to allow all Eligible Shareholders the opportunity to participate.

Shareholders wishing to participate in the SPP should apply by completing the original Application Form mailed to shareholders and returning it to the address indicated on the Application Form, together with appropriate payment for the number of Shares applied for under the SPP, or by making payment directly by BPay® in accordance with the details on the Application Form.

Eligible shareholders who have not received their Offer Documents through the mail can obtain a copy of your personalised Application Form and Offer Booklet and apply online from the SPP website at https://events.miraqle.com/NVX‐offer.

Under the SPP, each Eligible Shareholder is entitled to apply for parcels of new fully paid ordinary shares (Shares) up to a maximum of $30,000, without incurring brokerage or other costs.

Applications and payment must now be received by 5pm (AEST) on 10 January 2020. The issue date for Shares subscribed for under the SPP will now be on or around 17 January 2020, with quotation of new Shares and dispatch of holding statements expected to take place on or around 21 January 2020. No other changes have been made to the terms and conditions of the SPP as set out in the SPP information booklet announced on 16 December 2019.

This announcement has been authorised for release to the ASX by the Chairman, Tony Bellas, on behalf of the Board.

For further information, please contact:

Suzanne Yeates

Company Secretary NOVONIX

Email: suzanne.yeates@oasolutions.com.au

NOVONIX Limited (ASX: NVX) ACN 157 690 830 GPO Box 525 Brisbane Qld 4001 AUSTRALIA

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ABOUT NOVONIX

NOVONIX LIMITED (ASX: NVX) is an integrated developer and supplier of high‐performance materials, equipment and services for the global lithium‐ion battery industry with operations in the USA and Canada and sales in more than 14 countries.

NOVONIX's mission is to support the global deployment of Lithium Ion Battery technologies for a cleaner energy future.

NOVONIX Limited (ASX: NVX) ACN 157 690 830 GPO Box 525 Brisbane Qld 4001 AUSTRALIA