ZIMI LIMITED — Capital/Financing Update 2023

Feb 15, 2023

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ASX RELEASE 16 FEBRUARY 2023

Issue of Shares – Exercise of Unlisted Options

Zimi Limited (ASX:ZMM) (“ Zimi ”, or the “ Company ”), an innovative Australian IoT company, enhancing connectivity of electrical devices from homes to high-rises, advises that 20,000 ordinary shares ( Shares ) have been issued upon the exercise of unlisted options.

Notice Under Section 708A(5)(e) of the Corporations Act 2001

In respect of the Shares, ZMM gives notice under section 708(A)(e) of the Corporations Act 2001 (Cth) ( Act ) of the following:

1. The Shares were issued without disclosure under Part 6D.2 of the Act;

2. As at the date of this notice, the Company has complied with:

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

   • b. section 674 and 674A of the Act; and

3. As at the date of this notice, there is no information to be disclosed which is excluded information (as defined in section 708A(7) of the Act) that is reasonable for investors and their professional advisers to expect to find in a disclosure document.

4. Ends -

This release has been approved by the Board.

Further information:

Jordan Tentori | CEO | email: jordan@zimi.life phone: +61 412 589 952

About Zimi

Zimi Limited (ASX: ZMM) is an innovative Australian technology company that creates ‘the Zimi experience’ by connecting everyday electrical products to the Internet and each other to create smarter living and working spaces.

Through its long-standing working relationship with the Gerard Family, which founded Clipsal under Gerard Industries, Zimi has a strong heritage in the electrical industry.

Zimi’s current product range is comprised of the Powermesh and Senoa lines, which include multi-purpose switches, light dimmers, power points, fan controllers and garage door controllers. These products can be installed by any electrician and are easily controllable by end-users via Zimi’s home automation app.

Zimi is targeting a multi-billion opportunity in the Australian market through multiple leading wholesale, commercial and retail/trade sales channels such as Trader, Harvey Norman, Steel-Line, Beacon Lighting and Polyaire.

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In the future, Zimi plans to expand its product line to adjacent sectors while also continuing to optimise its existing product suite. The company is also pursuing opportunities for offshore expansion via partnerships with leading global manufacturers of electrical home and commercial building appliances.

To learn more, please visit: www.zimi.life