Announcement PDF Appendix 3B - Proposed issue of securities Update Summary Entity name ACRUX LIMITED Announcement Type Update to previous announcement Date of this announcement 21/1/2025 Reason for update to a previous announcement The maximum number of options has decreased to 163,957,905 following the completion of the Share Purchase Plan on 18 December 2024, the terms of the options have been finalised and the extraordinary general meeting seeking shareholder approval under listing rules 7.1 and 10.11 will be held on 3 February 2025. Refer to next page for full details of the announcement Appendix 3B - Proposed issue of securities 1/5 Appendix 3B - Proposed issue of securities Part 1 - Entity and announcement details 1.1 Name of +Entity ACRUX LIMITED We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules. If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation). 1.2 Registered Number Type Registration Number ACN 082001152 1.3 ASX issuer code ACR 1.4 The announcement is Update/amendment to previous announcement 1.4a Reason for update to a previous announcement The maximum number of options has decreased to 163,957,905 following the completion of the Share Purchase Plan on 18 December 2024, the terms of the options have been finalised and the extraordinary general meeting seeking shareholder approval under listing rules 7.1 and 10.11 will be held on 3 February 2025. 1.4b Date of previous announcement to this update 5/12/2024 1.5 Date of this announcement 21/1/2025 1.6 The Proposed issue is: A placement or other type of issue Appendix 3B - Proposed issue of securities 2/5 Appendix 3B - Proposed issue of securities Part 7 - Details of proposed placement or other issue Part 7A - Conditions 7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis? Yes 7A.1a Conditions Approval/Condition Date for determination +Security holder approval 3/2/2025 Is the date estimated or actual? ** Approval received/condition met? Actual Comments The issue of options is subject to shareholder approval under listing rule 7.1 and 10.11. Part 7B - Issue details Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? New class Will the proposed issue of this +security include an offer of attaching +securities? Yes Details of +securities proposed to be issued ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them) Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1? Yes Will the entity be seeking quotation of the 'new' class of +securities on ASX? Yes ASX +security code +Security description New class-code to be confirmed Options +Security type Options Number of +securities proposed to be issued 163,957,905 Reason for the update of 'Number of +securities proposed to be issued' Appendix 3B - Proposed issue of securities 3/5 Appendix 3B - Proposed issue of securities Reason for the update of 'Number of +securities proposed to be issued' The maximum number of options has decreased to 163,957,905 following the completion of the Share Purchase Plan on 18 December 2024 Offer price details Are the +securities proposed to be issued being issued for a cash consideration? No Please describe the consideration being provided for the +securities Free attaching options for subscriptions under the placement and SPP announced on 5 December 2024 and options to be issued to Evolution Capital and Peak Asset Management in partial consideration for lead manager services in connection with the placement. A prospectus was issued for the offer of free attaching options on 17 January 2025. Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Options details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.0525 12/2/2027 Details of the type of +security that will be issued if the option is exercised ACR : ORDINARY FULLY PAID Number of securities that will be issued if the option is exercised One Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement. Attaching +Security Is the proposed attaching security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional +securities in a class that is already quoted or recorded by ASX)? Part 7C - Timetable 7C.1 Proposed +issue date 19/2/2025 Appendix 3B - Proposed issue of securities 4/5 Appendix 3B - Proposed issue of securities Part 7D - Listing Rule requirements 7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? Yes 7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 3/2/2025 7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? Yes 7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No 7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? No Part 7E - Fees and expenses 7E.1 Will there be a lead manager or broker to the proposed issue? No 7E.2 Is the proposed issue to be underwritten? No 7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue Part 7F - Further Information 7F.01 The purpose(s) for which the entity is issuing the securities Free attaching options for placement and SPP subscribers and to Evolution Capital and Peak Asset Management in partial consideration for lead manager services for the placement. A prospectus was issued for the offer of free attaching options on 17 Jan 25. 7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No 7F.2 Any other information the entity wishes to provide about the proposed issue 7F.3 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a +disclosure document or +PDS for the +securities proposed to be issued Appendix 3B - Proposed issue of securities 5/5