Second Amortisation Payment under Funding Agreement

• Second amortisation payment of US$7,000,000 made to Investor
• Convertible debentures worth US$7,000,000 redeemed
• Remaining amount outstanding reduced to US$21,000,000
• Payment funded from existing cash reserves

Novonix Ltd. (ASX: NVX) has announced a second amortisation payment of US$7,000,000 under its funding agreement with YA II PN, Ltd. This payment was made due to the company's share price falling below the specified floor price, triggering an amortisation event. Convertible debentures worth US$7,000,000 have been redeemed, reducing the total amount outstanding under the agreement to US$21,000,000. The company will continue to monitor its share price and keep the market informed as per its continuous disclosure obligations.