NOVONIX Ltd — Major Shareholding Notification 2022

Sep 22, 2022

Form 604

Corporations Act 2001 Sec ti on 6 71 B

Notice of change of interests of substantial holder

IQ. Company Name/Scheme	Novonix Limited (NVX)
ACN/ARSN	157 690 830

1. Details of substantial holder(1)

Name		St Baker Energy Holdings Pty Ltd ATF St Baker Energy Innovation Trust
ACN/ ARSN (if applicable)	010 165 554
There was a change in the interests of the substantial holder on		12 / 09 / 2022
The previous notice was given to the company on

16 / 06/2022

2. Previous and present voting power

The previous notice was dated

The 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 as follows:

Class of securities (4)	Previous notice		Present notice
	Person's votes	Volino oower (5	Person's votes	Votina oower (5)
Fully Paid Ordinary	56,622,832	11.7%	46,622,832	9.6%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
12/09/2022	St Baker Energy Innovation Trust	Off Market Transfer	Average price of \$2.10 per fully ordinary share. Totaling gross proceeds of \$21,000,000.	(10,000,000) fully paid ordinarv shares	(10,000,000)

4. Present relevant interests

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

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as ho Ider (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
	Refer to Annexure A

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 and ACN/ARSN (if applicable)	Nature of association

6. Addresses

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

Name	Address
Trevor St Baker	Level 11, 344 Queen Street, Brisbane, QLD 4000

Signature

print name	Trevor St Baker	capacity Director
sign here		991 JO22 date

DIRECTIONS

• 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 $(1)$ 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.
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
• $(6)$ Include details of:
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any $(a)$ 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
• 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 $(b)$ 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.

• 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, becom'e $(7)$ 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.
• If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown". $(8)$
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$

Annexure A

4. Present relevant interests

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
St Baker Energy Holdings Pty Ltd ATF St Baker Energy Innovation Trust	St Baker Energy Holdings Pty Ltd ATF St Baker Energy Innovation Trust	St Baker Energy Holdings Pty Ltd ATF St Baker Energy Innovation Trust	St Baker Energy Holdings Pty Ltd has relevant interest in its capacity as trustee	45,243,222 fully paid ordinary shares
Trevor & Judith St Baker Family Foundation	Trevor & Judith St Baker Family Foundation	Trevor & Judith St Baker Family Foundation	Trevor & Judith St Baker Family Foundation is an entity controlled by Trevor St Baker	689,654 fully paid ordinary shares
Sunset Trust A <sunset aA/C	Sunset Trust A <sunset aA/C	Sunset Trust A <sunset aA/C	Sunset Trust A has a relevant interest in its capacity as director of the trustee	172,414 fully paid ordinary shares
Sunset Trust B <sunset bA/C	Sunset Trust B <sunset bA/C	Sunset Trust B <sunset bA/C	Sunset Trust B has a relevant interest in its capacity as director of the trustee	172,414 fully paid ordinary shares
Sunset Trust C <sunset cA/C	Sunset Trust C <sunset cA/C	Sunset Trust C <sunset cA/C	Sunset Trust C has a relevant interest in its capacity as director of the trustee	172,414 fully paid ordinary shares
Sunset Trust D <sunset dA/C	Sunset Trust D <sunset dA/C	Sunset Trust D <sunset dA/C	Sunset Trust D has a relevant interest in its capacity as director of the trustee	172,414 fully paid ordinary shares

Name: Novonix Limited (NVX 1999) 2014

ACN: 157 690 830

This is annexure A of 1 page referred to in form 604 Notice of change of interest of substantial holder.

print name	Trevor St Baker	Director capacity
sign here		date $2/109/2021$

GUIDE This guide does not form part of the prescribed form and is included by ASIC to assist you in completing and lodging form 604.

Information in this guide is intended as a guide only. Please consult your accountant or solicitor for further advice.