• HITIQ failed to lodge a cleansing notice within 5 business days following a share issue
• None of the issued shares have been offered for sale or sold
• HITIQ will seek a court order to rectify an issue with the quotation of HIQOA listed options

HITIQ Limited (ASX: HIQ) has advised that due to an administrative oversight, the company failed to lodge a cleansing notice under section 708A of the Corporations Act 2001 (Cth) within the prescribed 5 business day period following the issue of shares on 19 January 2026. The company has investigated the matter and determined that none of the shares have been offered for sale or sold, in technical breach of section 707 of the Corporations Act. Each party who was issued the shares has now agreed to enter into an agreement for the voluntary escrow of the shares for a period of the shorter of 12 months from the date the shares were issued, or until the company releases a cleansing prospectus. The company also became aware of an issue in respect of section 723(3) of the Corporations Act in regard to the issue of HIQOA listed options on 22 December 2025. Pursuant to section 723(3)(b) and 724(1)(b)(ii) of the Corporations Act, securities issued under a prospectus are required to be admitted to quotation within 3 months after the date of the prospectus. The company lodged a rights issue prospectus on 15 May 2025, meaning all securities proposed to be quoted under the Prospectus were required to be admitted to quotation by 15 August 2025. All quoted securities offered under the Prospectus were admitted to quotation during the Quotation Period other than 16,135,199 HIQOA Options to GBA Capital Pty Ltd as the underwriter to the rights issue and 6,181,818 HIQOA Options to GBA Capital Pty Ltd and SP Corporate Advisory Pty Ltd as joint lead managers to the rights issue, which were issued on 22 December 2025. The company intends to submit an application to the Court seeking orders to rectify the issue.