NOVONIX Ltd — Major Shareholding Notification 2026

Jan 13, 2026

Docusign Envelope ID: EC166902-4751-4B93-AEAD-11119B05CD35

603[page 1/2 15 July 2018 ]

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To Company/registered scheme/notified foreign passport fund name Novonix Limited 157 690 830

ACN/ARSN/APFRN NFPFRN (if applicable)

1. Details of substantial holder (1)

Name YA II PN, Ltd ACN/ARSN/APFRN (if applicable) N/A NFPFRN (if applicable)

The holder became a substantial holder on

12/ 1/ 2026

2. Details of voting power

The total number of votes attached to all the voting shares or interests in the company, scheme or fund that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities(4)	Number of securities	Person's votes(5)	Voting power(6)
YA II PN, Ltd	55,233,013	55,233,013	6.43%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

e a substantial holder are as follows:
Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
YA II PN, Ltd	Relevant interest under paragraph 608(1) (a)as registered holder of shares	55,233,013 fully paid ordinary shares

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Class and number of securities
YA II PN,Ltd	YA II PN, Ltd.	YA II PN, Ltd	55,233,013 fully paid ordinary shares

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)	Consideration (9)	Class and number of securities
YA II PN, Ltd	9 January 2026	Cash $7,471,000	Non-cash	18,700,876 fully paid ordinaryshares
Please also refer to Schedule A

Docusign Envelope ID: EC166902-4751-4B93-AEAD-11119B05CD35

603[page 2/2 15 July 2018 ]

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN/APFRN (if Nature of association applicable) and NFPFRN (if applicable)

7. Addresses

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

Name Address YA II PN, Ltd 102 Springfield Ave, Mountainside, New Jersey 07092

Signature

print name David Gonzale z capacity Director 13 1 2026 sign here date / /

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 7of 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 total number of votes attached to all the voting shares or interests in the company, scheme or fund (if any) that the person or an associate has a relevant interest in.

• (6) The person's votes divided by the total votes in the body corporate, scheme or fund multiplied by 100.

• (7) Include details of:

• (a) any relevant agreement or other circumstances by which the relevant interest was acquired. 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.

• (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) Details of the consideration must include any and all benefits, money and otherwise, 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.

Docusign Envelope ID: EC166902-4751-4B93-AEAD-11119B05CD35

Schedule A – Referred to in Form 603 Notice of Initial Substantial Holder

Holder of Relevant Interest	Date of Acquisition/Disposal	Nature of transaction	Consideration	Class and Number of Securities (Fully Paid Ordinary Shares)
YA II PN, Ltd	10/9/2025	Exercise of convertible securities held by YA II PN, Ltd	N/A	(19,299,170)
YA II PN, Ltd	13/10/2025	Exercise of convertible securities held by YA II PN, Ltd	N/A	(68,059,769)
YA II PN, Ltd	14/10/2025	Disposal of fully paid ordinary shares	$24,805,374	(28,991,910)
YA II PN Ltd	15/10/2025	Conversion of debt to fully paid ordinary shares under the Funding Agreement between Novonix Limited and YA II PN, Ltd.	N/A	(48,044,482)
YA II PN Ltd	15/10/2025	Disposal of fully paid ordinary shares	$11,299,432	(12,051,173)
YA II PN, Ltd	16/10/2025	Disposal of fully paid ordinary shares	$9,569,038	(11,685,819)
YA II PN, Ltd	17/10/2025	Disposal of fully paid ordinary shares	$4,003,876	(5,327,182)
YA II PN, Ltd	21/10/2025	Disposal of fully paid ordinary shares	$9,569,038	(8,652,485)
YA II PN, Ltd	22/10/2025	Disposal of fully paid ordinary shares	$1,673,280	(2,256,269)
YA II PN, Ltd	31/10/2025	Disposal of fully paid ordinary shares	$5,645,790	(9,288,631)
YA II PN, Ltd	7/1/2026	Disposal of fully paid ordinary shares	$846,396.57	(1,631,473)
YA II PN, Ltd	8/1/2026	Disposal of fully paid ordinary shares	$684,246.99	(1,375,624)
YA II PN, Ltd	9/1/2026	Disposal of fully paid ordinary shares	$1,800,447.55	(3,176,782)

3477-1413-7608_8888, v.4