Successful $4.5m Placement

Carbonxt Group Limited (Carbonxt or the Company) is pleased to announce that it has successfully raised $4.5m (before costs) through the placement (“the Placement”) of 18.7m new fully paid ordinary shares at an issue price of $0.24 (“Placement Shares”). The Placement Shares will be issued under the Company’s available placement capacity as per ASX Listing Rule 7.1 and 7.1A. Subscribers to the Plac