RAREX LIMITED — Capital/Financing Update 2020

Sep 30, 2020

ASX / MEDIA ANNOUNCEMENT

1 October 2020

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CLEANSING STATEMENT

RareX Limited (ASX: REE) (“ RareX ” or the “ Company ”) issued 7,462,687 ordinary shares on Monday, 28 September 2020 and 4,000,000 ordinary shares on Thursday, 1 October 2020 as outlined in the Company’s Appendix 2As lodged on 28 September 2020 and 1 October 2020 respectively.

As required by section 708A(6) of the Corporations Act 2001 (Cth) (“ Corporations Act ”), the Company notifies ASX that:

1. the shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

2. this notice is being given under section 708A(5)(e) of the Corporations Act;

3. as at the date of this notice, the Company has complied with:

   • a. the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

   • b. section 674 of the Corporations Act; and

4. as at the date of this notice, there is no information that is ‘excluded information’ (within the meaning of section 708A(7) and 708A(8) of the Corporations Act).

This announcement has been authorized for release by the Company Secretary of RareX Limited.

For further information, please contact:

Oonagh Malone Company Secretary Ph: +61 8 6143 6720

RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756