THORNEY TECHNOLOGIES LTD — Capital/Financing Update 2021

Sep 6, 2021

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Date: 7 September 2021

ASX Code: TEK

Listings Compliance Adviser ASX Limited Level 4, North Tower, Rialto 525 Collins Street Melbourne VIC 3000

Dear Melissa

Notice under section 708A(5)(e) of the Corporations Act 2001

On 2 September 2021, Thorney Technologies Ltd (ACN 096 782 188) (ASX:TEK) (“ TEK ”) issued 8,980,000 new ordinary shares in TEK (“ New Shares ”) at an issue price of $0.40 per New Share pursuant to the second tranche of a placement to institutional, sophisticated and professional investors to raise approximately $3.6 million.

TEK gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) (“ Act ”) that: (a) TEK offered the New Shares for issue without disclosure to investors under Part 6D.2 of the Act;

• (b) as at the date of this notice, TEK has complied with:

• (i) the provisions of Chapter 2M of the Act as they apply to TEK;

• (ii) section 674 of the Act; and

• (c) as at the date of this notice, there is no “excluded information” of the type referred to in sections 708A(7) and 708A(8) of the Act that is required to be set out in this notice under section 708A(6)(e).

Yours sincerely

Craig Smith Company Secretary

Release of this announcement authorised by the Board of TEK.

THORNEY TECHNOLOGIES LTD ABN 66 096 782 188 Level 39, 55 Collins St. Melbourne VIC 3000 Australia