Polarx LtdASX: PXX

PolarX Limited - COMPLETION OF PLACEMENT

· Issued by Polarx Ltd

PolarX Limited (ASX:PXX, 'the Company') advises that it has issued 25,000,000 fully paid ordinary shares ('Shares') at an issue price of 1 cent per Share, pursuant to the placement announced on 8 August 2024 ('the Placement').

The Placement was undertaken using the Company's available capacity under Listing Rule 7.1.

Cleansing Notice

The Company issued the Shares without disclosure to investors under Part 6D.2 of the Corporations

Act 2001 (Cth) ('the Act'). For the purposes of section 708A(5)(e) of the Act, the Company notifies

ASX that: the Shares were issued without disclosure to investors under Part 6D.2 of the Act; this notice is being given under section 708A(5)(e) of the Act; as at the date of this notice, the Company has complied with: the provisions of Chapter 2M of the Act as they apply to the Company and section 674 of the Act and as at the date of this notice, there is no information that: has been excluded from a continuous disclosure notice given to ASX in accordance with the ASX Listing Rules and investors and their professional advisers would reasonably require for the purpose of making an informed assessment of: the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or the rights and liabilities attaching to fully paid ordinary shares.

Contact:

Ian Cunningham

Tel: +61 8 9226 1356

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