NOVONIX Ltd — Capital/Financing Update 2021

Feb 24, 2021

Market Announcement

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25 February 2021

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Novonix Limited (ASX: NVX) – Trading Halt

Description

The securities of Novonix Limited (‘NVX’) will be placed in trading halt at the request of NVX, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Monday, 1 March 2021 or when the announcement is released to the market.

Issued by

Alex Sutton

Compliance Adviser, Geology, Listings Compliance (Sydney)

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

25 February 2021 ASX Limited

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25 February 2021

Alex Sutton ASX Compliance Pty Limited Level 4, Exchange Centre 20 Bridge Street Sydney NSW 2000 By email: alex.sutton@asx.com.au; tradinghaltssydney@asx.com.au

Dear Alex,

Request for Trading Halt – Novonix Limited

Pursuant to Listing Rule 17.1, Novonix Limited (ACN 157 690 830) (ASX: NVX) ( NVX ) requests a trading halt be granted by the Australian Securities Exchange ( ASX ) in respect of NVX's ordinary shares from the commencement of trading on 25 February 2021.

For the purposes of Listing Rule 17.1, NVX provides the following information:

• 1 NVX is seeking the trading halt as it expects to make an announcement to the ASX in connection with a capital raising comprising an institutional placement and a share purchase plan;

• 2 NVX requests that the trading halt remain in place until the earlier of NVX making an announcement to the market about the completion of the institutional placement and the commencement of trading on 26 February 2021; and

• 3 NVX is not aware of any reason why the trading halt should not be granted, or of any other information available at this stage that is relevant to the trading halt.

Yours sincerely,

Suzanne Yeates Company Secretary

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