Announcement PDF Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Announcement Summary Entity name INVION LIMITED Date of this announcement Tuesday September 13, 2022 The +securities the subject of this notification are: Other Total number of +securities to be issued/transferred ASX +security code New class - code to be confirmed Security description Unquoted options expiring 31/10/2025 Refer to next page for full details of the announcement Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 1/9 Total number of +securities to be issued/transferred Issue date 6,090,139 12/09/2022 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 1 - Entity and announcement details 1.1 Name of entity INVION LIMITED We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities. 1.2 Registered number type Registration number ACN 094730417 1.3 ASX issuer code IVX 1.4 The announcement is New announcement 1.5 Date of this announcement 13/9/2022 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 2/9 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 2 - Issue details 2.1 The +securities the subject of this notification are: Other Please specify Options issued in lieu of directors fees following Shareholder Approval at AGM held 9 Nov 2021 2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which: does not have an existing ASX security code ("new class") Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 3/9 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B New +securities ASX +security code +Security description New class - code to be confirmed Unquoted options expiring 31/10/2025 +Security type ISIN code Options Date the +securities the subject of this notification were issued 12/9/2022 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. The 2021 Notice of Annual General Meeting can be found at: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02433030-2A1329717?access_token=8 Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.00000000 31/10/2025 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description IVX: Fully Paid Ordinary Shares Any other information the entity wishes to provide about the +securities the subject of this notification Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 4/9 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B 6,090,139 unlisted options being issued to directors in lieu of directors fees for the period June - August 2022. The options were approved at the 2021 Annual General Meeting on 9 November 2021 (Resolution 5a, 5b, 5c and 5d). The 2021 Notice of Annual General Meeting can be found at: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02433030-2A1329717?access_token=8 Issue details Number of +securities 6,090,139 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities The options were approved by Shareholders at the AGM on 9 November 2021 (Resolution 5a, 5b, 5c and 5d) in lieu of directors fees being paid in cash. Purpose of the issue To pay for services rendered Additional Details Share options issued in lieu of directors fees in cash approved at the 2021 Annual General Meeting. Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 5/9 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 6/9 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 4 - +Securities on issue Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise: (A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.) 4.1 Quoted +Securities (Total number of each +class of +securities quoted) Total number of +securities on issue ASX +security code and description IVX : ORDINARY FULLY PAID 6,416,513,644 IVXO : OPTION EXPIRING 17-JUN-2023 295,417,773 4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX) Total number of +securities on issue ASX +security code and description IVXAX : OPTION EXPIRING 22-OCT-2024 EX $0.0177 20,443,211 IVXAW : OPTION EXPIRING 01-JUL-2024 EX 2C 15,928,570 IVXAZ : OPTION EXPIRING 31-OCT-2024 EX $0.0106 2,725,762 IVXAA : OPTION EXPIRING 31-OCT-2024 EX NIL 7,313,661 IVXAT : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES 199,434,880 IVXAV : OPTION EXPIRING 31-AUG-2024 EX 1.72C 20,443,211 IVXAU : OPTION EXPIRING 30-OCT-2023 EX 2C 2,725,761 IVXAY : OPTION EXPIRING 31-OCT-2024 EX $0.00 5,670,282 IVXAAE : OPTION EXPIRING 31-OCT-2025 EX NIL 2,979,408 IVXAAG : OPTION EXPIRING 31-OCT-2025 EX NIL 4,989,744 IVXAAC : OPTION EXPIRING 23-SEP-2025 EX $0.017 138,488,557 IVXAAA : OPTION EXPIRING 31-OCT-2024 EX NIL Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 2,556,462 7/9 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities IVXAAF : OPTION EXPIRING 31-OCT-2025 EX NIL 3,505,568 IVXAAB : OPTION EXPIRING 31-OCT-2024 EX NIL 3,639,427 New class - code to be confirmed : Unquoted options expiring 31/10/2025 6,090,139 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 8/9 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 5 - Other Listing Rule requirements 5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes 5.1a Select the number of the applicable exception in Listing Rule 7.2 14 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 9/9