NOVONIX Ltd — Capital/Financing Update 2025

Jul 24, 2025

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Announcement Summary

Entity name

NOVONIX LIMITED

Date of this announcement

Friday July 25, 2025

The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Convertible debentures	24,500,000	25/07/2025
to be confirmed

Refer to next page for full details of the announcement

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 1 - Entity and announcement details

1.1 Name of entity

NOVONIX LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type Registration number ACN 157690830

1.3 ASX issuer code

NVX

1.4 The announcement is

New announcement

1.5 Date of this announcement

25/7/2025

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date and Announcement Title Selected Appendix 3B to submit quotation Time request 24-Jul-2025 09:07 New - Proposed issue of securities - A placement or other type of issue NVX

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B? Yes

2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B

Issue of second and additional tranches of convertible debentures.

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description new unquoted class of security Date the +securities the subject of this notification were issued 25/7/2025 Any other information the entity wishes to provide about the +securities the subject of this notification Convertible debentures Issue details

Number of +securities 24,500,000 Were the +securities issued for a cash consideration? Yes In what currency was the cash consideration being What was the issue price per +security? paid? USD - US Dollar USD 0.95000000

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 3C - number and type of +securities the subject of this notification (new class)

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----- Start of picture text -----

ASX +security code +Security description
New class - code to be confirmed Convertible debentures
+Security type ISIN code
+Convertible debt securities
Date the +securities the subject of this notification were issued
25/7/2025
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
listing rule 6.1?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02970402-2A1609711&v=4a466cc3f89
9e00730cfbfcd5ab8940c41f474b6
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+Convertible debt securities Details

Type of +security Convertible note or bond +Security currency Face value Interest rate type USD - US Dollar USD 1.00000000 Fixed rate Frequency of coupon/interest payments per year First interest payment date Semi-annual Interest rate per annum Is the interest rate per annum estimated at this time? No 5.00 % s128F of the Income Tax Assessment Act status applicable to the +security s128F exemption status unknown Is the +security perpetual (i.e. no maturity)? Maturity date No 25/1/2027 Select other feature(s) applicable to the +security Redeemable Is there a first trigger date on which a right of conversion, redemption, call If yes, what is the first trigger date? or put can be exercised (whichever is first)? 26/7/2025 Yes

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Details of the existing class of +security that will be issued if the securities are converted, transformed or exchanged

NVX : ORDINARY FULLY PAID

Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities

24,500,000

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities of the entity will comprise:

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.

4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
NVX : ORDINARY FULLY PAID	636,445,636
4.2 Unquoted +securities (Total number of each +class of +securities issued but	not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
NVXAD : PERFORMANCE RIGHTS	29,000,971
NVXAA : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	14,016,667
NVXAB : SHARE RIGHTS	1,008,567
NVXAL : CONVERTIBLE NOTES	45,221,586
New class - code to be confirmed : Convertible debentures	24,500,000

4.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX)

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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