NOVONIX Ltd — Major Shareholding Notification 2017

Jul 2, 2017

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03 July 2017

The Company Secretary Graphitecorp Limited 33 Lynell Street HAMILTON QLD 4007

Dear Ms Yeates

Notice of change of interests of Substantial Holder

We enclose Corporations Act 2001 Form 604, Notice of change of interests of Substantial Holder, lodged today with the Australian Securities Exchange.

Yours faithfully

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I.D. Bloodworth Company Secretary

604 page 1/2 15 July 2001

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

604page 1/2 15 July2001	604page 1/2 15 July2001	604page 1/2 15 July2001	604page 1/2 15 July2001	604page 1/2 15 July2001	604page 1/2 15 July2001	604page 1/2 15 July2001	604page 1/2 15 July2001	604page 1/2 15 July2001
Form 604Corporations Act 2001Section 671BNotice of change of interests of substantial holder
ToCompany Name/SchemeGraphitecorpLimitedACN/ARSNACN 157690 8301. Details of substantial holder(1)NameWashington H. Soul Pattinson and Company Limited ACN 000 002 728 (WHSP)andits subsidiaryExcoResourcesLimitedACN080 339 671(Exco)ACN/ARSN (if applicable)ACN000 002 728 andACN080 339 671There was a change in the interests of thesubstantial holder on02/ 06 /17The previous notice was given to the companyon01/ 06 /17The previous notice was dated01/ 06 /172. Previous and present voting powerThe total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate(2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are asfollows:Class of securities (4)Previous noticePresent noticePerson’s votesVoting power (5)Person’s votesVoting power (5)Ordinary Shares16,028,81817.70%16,028,81816.25%3. Changes in relevant interestsParticulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of thecompany or scheme, since the substantial holder was last required to give a substantial holding notice to the company are as follows:Date ofchangePerson whoserelevant interestchangedNature ofchange (6)Considerationgiven in relation tochange (7)Class andnumber ofsecuritiesaffectedPerson’s votesaffected01-06-2017AdditionalSharesIssuedDilution ofInterestN/AOrdinary SharesN/A02-06-2017AdditionalSharesIssuedDilution ofInterestN/AOrdinary SharesN/A09-06-2017AdditionalSharesIssuedDilution ofInterestN/AOrdinary SharesN/A16-06-2017AdditionalSharesIssuedDilution ofInterestN/AOrdinary SharesN/A			GraphitecorpLimited
			ACN 157690 830
	Date ofchange	Person whoserelevant interestchanged		Nature ofchange (6)	Considerationgiven in relation tochange (7)	Class andnumber ofsecuritiesaffected	Person’s votesaffected
	01-06-2017	AdditionalSharesIssued		Dilution ofInterest	N/A	Ordinary Shares	N/A
	02-06-2017	AdditionalSharesIssued		Dilution ofInterest	N/A	Ordinary Shares	N/A
	09-06-2017	AdditionalSharesIssued		Dilution ofInterest	N/A	Ordinary Shares	N/A
	16-06-2017	AdditionalSharesIssued		Dilution ofInterest	N/A	Ordinary Shares	N/A
	23-06-2017	AdditionalSharesIssued		Dilution ofInterest	N/A	Ordinary Shares	N/A
	30-06-2017	AdditionalSharesIssued		Dilution ofInterest	N/A	Ordinary Shares	N/A

Date of	Person whose	Nature of	Consideration	Class and	Person’s votes
change	relevant interest	change (6)	given in relation to	number of	affected
	changed		change (7)	securities
				affected
01-06-2017	AdditionalSharesIssued	Dilution ofInterest	N/A	Ordinary Shares	N/A
02-06-2017	AdditionalSharesIssued	Dilution ofInterest	N/A	Ordinary Shares	N/A
09-06-2017	AdditionalSharesIssued	Dilution ofInterest	N/A	Ordinary Shares	N/A
16-06-2017	AdditionalSharesIssued	Dilution ofInterest	N/A	Ordinary Shares	N/A
23-06-2017	AdditionalSharesIssued	Dilution ofInterest	N/A	Ordinary Shares	N/A
30-06-2017	AdditionalSharesIssued	Dilution ofInterest	N/A	Ordinary Shares	N/A

604 page 2/2 15 July 2001

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder ofrelevantinterest	Registeredholder ofsecurities	Person entitled to beregistered as holder(8)	Nature of relevantinterest (6)	Class andnumber ofsecurities	Person’svotes
Exco	Exco	Exco	Direct Holding	16,028,818Ordinary Shares	16,028,818
WHSP	Exco	Exco	Relevant interestpursuant to section608(1)(b) of theCorporations Act – hasthe power to exercise, orcontrol the exercise of, aright to vote attached totherelevant securities	16,028,818Ordinary Shares	16,028,818

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

	Name andACN/ARSN(ifapplicable)		Nature ofassociation
	f persons named in this form are as follows:
	Name		Address
	WHSP		Level 1, 160 Pitt Street Mall, Sydney NSW 2000
	Exco		Level 32, 10 Eagle Street, Brisbane QLD 4000

6. Addresses

The addresses of persons named in this form are as follows:

Signature

Ian David Bloodworth capacity Company Secretary print name

sign here date 03 / 07 / 2017

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

• (2) See the definition of “associate” in section 9 of the Corporations Act 2001.

• (3) See the definition of “relevant interest” in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (6) Include details of:

  • (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

  • (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of “relevant agreement” in section 9 of the Corporations Act 2001.

• (7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

• (8) If the substantial holder is unable to determine the identify of the person (eg. if the relevant interest arises because of an option) write “unknown”.

(9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.