NOVONIX Ltd — Capital/Financing Update 2019

Dec 19, 2019

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ASX ANNOUNCEMENT (ASX: NVX )

20 December 2019

SHARE PURCHASE PLAN UPDATE

NOVONIX Limited (ASX: NVX) provides this update to its announcement to ASX on 19 December 2019.

Earlier today the Honourable Justice Jackson of the Federal Court made orders that the offer made under the SPP was not invalid by reason of the Company’s delay in giving a notice as required by paragraph 7(f)(ii) of ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547 .

A copy of the orders made by the Federal Court dated 20 December 2019 are attached to this announcement.

The SPP closes on 24 December 2019 (unless extended by the Board in accordance with the Corporations Act and Listing Rules).

Securityholders are invited to contact the NOVONIX Limited Offer Information Line between 8:30am and 5:30pm (Sydney time), Monday to Friday on 1300 728 779 if calling within Australia or +61 1300 728 779 if calling outside of Australia if they have any queries in relation to the SPP or the matters raised in this announcement.

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

Yours faithfully

Suzanne Yeates NOVONIX Limited

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

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Federal Court of Australia District Registry: Western Australia Division: General

No: WAD623/2019

NOVONIX LIMITED Plaintiff

ORDER

JUDGE: JUSTICE JACKSON DATE OF ORDER: 20 December 2019 WHERE MADE: Perth

THE COURT ORDERS THAT:

1. Pursuant to section 1322(4)(d) of the Corporations Act 2001 (Cth), the time specified under paragraph 7(f)(ii) of the ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547 (ASIC Instrument) for the plaintiff to give a notice to the Australian Securities Exchange (ASX) under paragraph 7(f)(ii) of the ASIC Instrument in respect of the plaintiff's share purchase plan announced 16 December 2019 is extended to 4:00pm (Brisbane time) on 17 December 2019.

2. Pursuant to section 1322(4)(a) of the Corporations Act :

   • a. the offers of securities and distribution of an application form pursuant to the plaintiff's share purchase plan dated 16 December 2019 (SPP Offers) ; and

   • b. any applications for the securities the subject of SPP Offers that were received on or before the making of these orders

are not invalid by reason of by reason of any contravention of section 727 of the Corporations Act or any failure to issue a notice to ASX in accordance with paragraph 7(f)(ii) of the ASIC Instrument .

1. As soon as reasonably practicable, the plaintiff must publish on the ASX Markets Platform an announcement disclosing the terms of these orders.

2. A sealed copy of these orders must be served on ASIC as soon as reasonably practicable, and upon service of these orders on ASIC, ASIC must include these orders on its database.

Prepared in the Western Australia District Registry, Federal Court of Australia Peter Durack Commonwealth Law Courts Building, Level 6, 1 Victoria Avenue, Telephone 08 9268 7100

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5. No order as to costs.

Date that entry is stamped: 20 December 2019

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Prepared in the Western Australia District Registry, Federal Court of Australia Peter Durack Commonwealth Law Courts Building, Level 6, 1 Victoria Avenue, Telephone 08 9268 7100