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POLARX LIMITED Capital/Financing Update 2021

Feb 3, 2021

65639_rns_2021-02-03_fed3ed92-e1c1-4e93-bef7-1047c8c664de.pdf

Capital/Financing Update

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Market Announcement

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4 February 2021

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PolarX Limited (ASX: PXX) – Trading Halt

Description

The securities of PolarX Limited (‘PXX’) will be placed in trading halt at the request of PXX, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Monday, 8 February 2021 or when the announcement is released to the market.

Issued by

Simon Barcham

Adviser, Listings Compliance (Perth)

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

4 February 2021 ASX Limited

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ASX Announcement

4 February 2021

REQUEST FOR TRADING HALT

In accordance with ASX Listing Rule 17.1, PolarX Limited (ASX:PXX) ( the Company ) requests an immediate trading halt on its securities for the purpose of considering, planning and executing a capital raising.

The Company requests that the trading halt continues until the earlier of the commencement of normal trading on Monday 8 February 2021 or when an announcement is made by the Company regarding the capital raising.

The Company is not aware of any reason why the trading halt should not be granted by the ASX.

Yours faithfully

Ian Cunningham Company Secretary

PolarX Limited (ACN 161 615 783)

Suite 1 | 245 Churchill Avenue | Subiaco WA 6008 Australia Tel +61 8 6465 5500 | Fax +61 8 6465 5599 | E [email protected] www.polarx.com.au