CARBONXT GROUP LIMITED(CG1)

The following securities of CG1 will be reinstated to quotation immediately following compliance with Listing Rule 2.5. Security class code: CG1O.

The following securities of Carbonxt Group Limited will be suspended from quotation immediately under Listing Rule 17.3.4, pending compliance with Listing Rule 2.5. Security class code: CG1O.

The suspension of trading in the securities of Carbonxt Group Limited will be lifted immediately following the release by CG1 of an announcement regarding a capital raising.

The company releases a notice of proposed issue of securities.

Carbonxt raises ~$1.3 million through a placement of ~13.1 million shares at $0.10 per share issued under current placement capacity. Commitments received for a further ~$5.7 million through the placement of a further ~56.9 million shares at $0.10 per share subject to shareholder approval. Funds to be used primarily for the establishment and financing of an initial 40% ownership in a new state-of-the-art activated carbon plant located in eastern Kentucky, USA. "¢ The Kentucky facility has all its required construction and operations permits and the joint venture will commence the key engineering mobilisation activities when the initial placement funds are received. Carbonxt will also offer existing shareholders the opportunity to participate in a Share Purchase Plan with new shares to be priced at the same price as the Placement.

The company requests that the extension to the voluntary suspension be effective immediately and continue until the company can release said announcement regarding a capital raise, which is expected to be on Monday 26 September 2022.

The securities of Carbonxt Group Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of CG1, pending the release of an announcement regarding a proposed capital raising.

listed entity carried for record purposes only