NOVONIX Ltd — Major Shareholding Notification 2025

Jan 22, 2025

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme Novonix Limited ( NVX )

ACN/ARSN 098 564 606 1. Details of substantial holder (1) Phillips 66 Company ( P66 ) and each of the entities listed in Annexure A ( P66 Associates ) Name (collectively, P66 Group )

ACN/ARSN (if applicable) N/A

There was a change in the interests of the 16/01/2025 substantial holder on The previous notice was given to the company on 04/12/2024 The previous notice was dated 04/12/2024

2. Previous and present voting power

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:

cheme, are as follows:
Class of securities (4)	Previous notice		Present notice
	Person’s votes	Voting power(5)	Person’s votes	Voting power(5)
Fully Paid Ordinary Shares	78,050,122	13.75%	78,050,122	12.54%

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
16/01/2025	P66	Reduction in voting power as a result of the dilution impact of the issue of 53,887,112 ordinary shares pursuant to the share purchase plan as announced by NVX on 3 December 2024	Nil	78,050,122 ordinary shares	78,050,122

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 asholder(8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
P66	P66	P66	Relevant interest under section 608(1)(a) of the Corporations Act 2001(Cth) (Corporations Act) as the holder of the shares	78,050,122 ordinary shares	78,050,122

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
Paradigm MidstreamServices-SC,LLC	Ceased to be a subsidiary and associate of P66 undersection 12(2)(a)(i)
Paradigm PipelineLLC	Ceased to be a subsidiary and associate of P66 undersection 12(2)(a)(i)
Red Oak PipelineLLC	Ceased to be a subsidiary and associate of P66 undersection 12(2)(a)(i)

Sacagawea Pipeline Company, LLC Ceased to be a subsidiary and associate of P66 under section 12(2)(a)(i) Sakakawea Area Spill Response LLC Ceased to be a subsidiary and associate of P66 under section 12(2)(a)(i)

6. Addresses

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

Name	Address
P66	2331 CityWest Blvd., Houston, Texas 77027, USA
P66 Associates	2331 CityWest Blvd., Houston, Texas 77027, USA

Signature

print name Jenarae N. Garland capacity Assistant Secretary sign here date 22 January 2025

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 identity 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.

Annexure A

This is Annexure A of 4 pages referred to in the Form 604: Notice of change in interests of substantial holder issued by the P66 Group dated 3 December 2024.

Signed: Name: Jenarae N. Garland Capacity: Assistant Secretary Date: 22 January 2025

Phillips 66 Company and its associates are identified in the table below.

Name 3P Capital Insurance Company IC Altira Technology VI Overflow Fund LLC Apro, LLC Apro Distribution, LLC APT Pension Scheme Trustees Limited Asamera Oil (US) Inc. Associated Petroleum Terminals (Immingham) Limited Bayou Bridge Pipeline, LLC Bluewater Texas Terminal LLC C.S. Land, Inc. Centana Intrastate Pipeline, LLC CF Altitude LLC CF Altitude Holdings LLC CF United LLC Chevron Phillips Chemical Company LLC Cheyenne Connector, LLC Chisholm Pipeline Company Cimarron River Pipeline, LLC Clean Harbors Cooperative, L.L.C CME Group Inc. Collbran Valley Gas Gathering, LLC COOP Pronto AG Crude Oil Terminals (Humber) Limited Dakota Access LLC DCP Assets Holding, LP DCP Assets Holding GP, LLC DCP Black Lake Holdings, LP DCP Chesapeake LLC DCP Cheyenne Connector, LLC DCP GCX Pipeline LLC DCP Grands Lacs LLC DCP Guadalupe Pipeline, LLC DCP Hinshaw Pipeline, LLC DCP Intrastate Network, LLC DCP James Lake Holding LLC DCP Litchfield, LLC DCP LP Holdings, LLC DCP Lucerne 2 Plant LLC DCP Michigan Pipeline & Processing LLC DCP Michigan Holdings LLC DCP Midstream, LLC DCP Midstream Holding, LLC DCP Midstream GP, LLC DCP Midstream GP, LP DCP Midstream, LP DCP Midstream Marketing, LLC

DCP Midstream Operating, LLC DCP Midstream Operating, LP DCP New Mexico Development, LLC DCP NGL Operating, LLC DCP NGL Services, LLC DCP Operating Company, LP DCP Partners Colorado LLC DCP Partners Logistics, LLC DCP Partners MB I LLC DCP Partners MB II LLC DCP Pipeline Holding LLC DCP Raptor Pipeline, LLC DCP Receivables LLC DCP Sand Hills Interstate Pipeline, LLC DCP Sand Hills Pipeline LLC DCP Saginaw Bay Lateral LLC DCP Services, LLC DCP South Central Texas LLC DCP Southern Hills Interstate Pipeline, LLC DCP Southern Hills Pipeline LLC DCP Tolar Holdings LLC DCP Wattenberg Pipeline LLC DCP Wyoming Assets LLC DCP Zia Plant LLC Deutsche Transalpine Oelleitung GmbH Douglas Oil Company of California eFuel, LLC Energy Transfer Crude Oil Company, LLC EVEREN Specialty Ltd. EVEREN LIMITED Excel Paralubes LLC Explorer Pipeline Company Front Range Pipeline LLC GKG Mineraloel Handel GmbH & Co. KG GKG Mineraloel Handel Verwaltungsgesellschaft mbH Gray Oak Pipeline, LLC Gulf Coast Fractionators Gulf Coast Express Pipeline LLC GVO Gebinde-Verwertungsgesellschaft der Mineralolwirtschaft mbH Heartland Pipeline Company Humber LPG Terminal Limited Humber Oil Terminals Trustee Limited Hunt & Sons LLC Hydroserve Westlake, L.L.C. Iwilei District Participating Parties, LLC Jackson Pipeline Company James Lake Gathering, LLC James Lake Gathering II, LLC James Lake Midstream, LLC Javelina Processing LLC JET Energy Trading GmbH JET Petrol Limited Jet Petroleum Limited JET Retail UK Limited JET Tankstellen Austria GmbH JET Tankstellen Deutschland GmbH Jupiter Sulphur LLC Kansas City Retail and Convenience LLC

Kayo Oil Company KHQ LLC Lake Charles Pipe Line Company Linden Urban Renewal Limited Partnership Marysville Hydrocarbons LLC Marysville Hydrocarbons Holdings, LLC Merey Sweeny LLC Mineraloelraffinerrie Oberrhein GmbH & Co. KG Mineraloelraffinerrie Oberrhein Verwaltungs GmbH Moffett Energy Services LLC Montana-Wyoming Oil Spill Control Cooperative, LLC National Helium, LLC Northern Montana Oil Spill Cooperative, LLC Oberrheinische Mineraloelwerke GmbH Oil Spill Response Limited OnCue Holdings LLC OnCue Marketing LLC OnCue RE LLC Ozona Gas Processing Plant Panola Pipeline Company, LLC Phillips 66 Phillips 66 Alliance H2PL LLC Phillips 66 Aviation LLC Phillips 66 Canada Ltd. Phillips 66 Capital Holdings LLC Phillips 66 Carrier LLC Phillips 66 Communications Inc. Phillips 66 Continental Holding GmbH Phillips 66 DAPL Holdings LLC Phillips 66 Dos Picos LLC Phillips 66 Energy Trading LLC Phillips 66 Energy Transition Operating Company LLC Phillips 66 ETCO Holdings LLC Phillips 66 Healthcare Trustee Limited Phillips 66 Export Terminal LLC Phillips 66 GmbH Phillips 66 Gulf Coast Pipeline LLC Phillips 66 Gulf Coast Properties LLC Phillips 66 International Holdings Company Phillips 66 International Investments Ltd. Phillips 66 International Trading Pte. Ltd. Phillips 66 Investment Holdings LLC Phillips 66 Ireland Pension Trust Limited Phillips 66 LCR Isomerization LLC Phillips 66 Limited Phillips 66 Partners GP LLC Phillips 66 Partners Holdings LLC Phillips 66 Partners LP Phillips 66 Partners Terminal LLC Phillips 66 Pension Plan Trustee Limited Phillips 66 Pipeline LLC Phillips 66 Project Development Inc. Phillips 66 Project Shareholder Inc. Phillips 66 Receivables LLC Phillips 66 Sand Hills LLC Phillips 66 Southern Hills LLC Phillips 66 Spectrum Corporation Phillips 66 Stillwater Retail Corporation

Phillips 66 Stillwater Retail One LLC Phillips 66 Stillwater Retail Two LLC Phillips 66 Sweeny Frac 2 LLC Phillips 66 Sweeny Frac LLC Phillips 66 Sweeny-Freeport 2 Pipeline LLC Phillips 66 Sweeny-Freeport LLC Phillips 66 Transportation Company Phillips 66 Treasury Limited Phillips 66 TS Limited Phillips 66 UK Funding Limited Phillips 66 UK Holdings Limited Phillips 66 WRB Partner LLC Phillips Chemical Holdings LLC Phillips Gas Company LLC Phillips Utility Gas Corporation Pioneer Investments Corp. Pioneer Pipe Line Company Qingdao Phillips 66 Energy Co. Ltd. Radius Insurance Company Resource Environmental L.L.C. Retail Holdings LLC Salt Lake Terminal Company Sentinel Transportation, LLC SHC Insurance Company Shell Rock Soy Processing LLC Skelly-Belvieu Pipeline Company, L.L.C. Societa Italiana Per L'Oleodotto Transalpino S.p.A. Societe du Pipeline Sud-Europeen Société Européenne de Stockage Spirit Insurance Company Square Robot, Inc. STACK Pipeline LLC Sweeny Cogeneration LLC Texas Express Pipeline LLC TF Hill LLC Transalpine Oelleitung in Oesterreich Gesellschaft M.B.H. UP2 Holdings, LLC UP2 Holdings Intermediate Holdings, LLC Venture Franklin Park LLC Wagram Terminal SA Warwickshire Oil Storage Limited WesTTex 66 Pipeline LLC Wilbreeze Pipeline, LLC WOSL Pension Trustees Limited WRB Refining LP Yellowstone Pipe Line Company Zeller Energies SAS