Vivid Technology : Equity Placement & SPP Update

ASX ANNOUNCEMENT, 19 December 2018

Capital Raising - Growth Initiatives

Vivid Technology Limited (ASX: VIV) (Vivid Technology or the Company)

Further to Company's announcement on 6 December 2018, the Company has now successfully completed the placement of the first tranche of 56.04 million fully paid ordinary shares to sophisticated and professional investors to raise $1.68 million before costs. This includes additional applications for $0.03 million which were received and accepted by the Company subsequent to the announcement on 6 December 2018.

Completion of the second tranche of approximately 6.16 million shares to raise $0.185 million (representing the component applied for by the Directors) is expected to occur shortly following receipt of shareholder approval (subject to the relevant resolutions being passed) at an extraordinary general meeting (EGM) of Vivid Technology shareholders, which is planned to be held in late January 2019.

As previously announced, Vivid Technology will also offer a Share Purchase Plan (SPP) of fully paid ordinary shares in Vivid Technology to existing eligible shareholders on the same terms as the Placement. Combined, the Placement and SPP are expected to raise up to approximately $2.5 million before costs.

About the Share Purchase Plan

As previously announced, the SPP offers eligible shareholders the opportunity to acquire up to $15,000 of new fully paid ordinary shares in Vivid Technology without incurring brokerage or other charges.

The SPP issue price will be 3.0 cents per share, which represents an 8% discount to the volume weighted average price of Vivid Technology shares quoted on the ASX during the five trading days immediately prior to trading halt announced on 4 December 2018 relating to the proposed equity raising.

If applications under the SPP exceed $0.635 million, the Board of Vivid Technology reserves the right to exercise its discretion to increase the total amount placed under the SPP. The shares to be issued under the SPP will rank equally with existing fully paid ordinary shares in the Company. The SPP is not subject to shareholder approval.

Share Purchase Plan - Important Dates

Event	Date
Record Date for eligibility to participate in the SPP	7.00 pm (Melbourne time) on Wednesday, 5 December 2018
Announcement Date (Placement and SPP)	Thursday, 6 December 2018
Opening Date for the SPP	Friday, 21 December 2018
Closing Date for the SPP	Thursday, 24 January 2019
Allotment Date (shares issues under the SPP)	Friday, 1 February 2019
Dispatch Date	Monday, 4 February 2019

All dates are indicative only and subject to change. All times and dates refer to times and dates in Melbourne, Australia. Subject to regulatory requirements, Vivid Technology reserves the right to vary the timetable without notice.

- ENDS -

Vivid Technology Limited (ASX: VIV) ABN: 60 120 710 625

T: [phone] E:[e-mail] vividtechnology.com.au HQ: Level 2E, 53 Victoria Harbour Promenade, Docklands Vic 3008

About Vivid Technology

Vivid Technology Limited is a multi-award winning, diversified, innovative Australian clean technology company that delivers intelligent energy efficiency solutions and carbon reduction through IoT and CO2-to-fuel conversion technologies.

Vivid Technology has a range of patented clean tech solutions, including innovative and intelligent IoT Industry

4.0 MATRIXX® lighting platform. Vivid's MATRIXX® unique intelligent lighting control system combines a state of the art, human centric lighting system with unrivalled energy efficiency, reducing lighting energy costs by up to 90%. Delivering exceptionally high energy efficiency savings and carbon reductions, MATRIXX® captures and converts smart data to provide site intelligence for industrial and infrastructure sectors. Vivid's technology is easily installed and provides businesses the infrastructure for an IoT and industry 4.0 future. Vivid Technology is full turn key solutions partner.

Vivid Technology Limited is aB Corp™ certified and EcoVadis Siler Accredited company, which highlights the company's approach to driving business solutions with a strong corporate social responsibility.

Vivid Technology -www.vividtechnology.com.au

About Vivid Industrial

Vivid Industrial is a subsidiary of Vivid Technology, providing customised, intelligent and energy efficient cloud based solutions for industrial and infrastructure clients. The "internet of lights" and "cloud based monitoring" delivers quantifiable efficiencies and significant cost savings with environmentally sustainable benefits for businesses. Going beyond engineered design and installation, Vivid Industrial is a turnkey solutions business partner, offering solutions to suit custom lighting, cost and energy efficiency needs. Vivid Industrial is your complete intelligent lighting solutions partner with a base of blue chip, industrial companies.

Vivid Industrial -www.vividindustrial.com

About Vivid Ilumalite

Vivid Ilumalite specialising in creating highly effective, energy-saving and human centric LED lighting solutions, for commercial and government clients, that generate significant cost savings and reduce environmental impact. Ilumalite, has a reputation as a highly regarded and valued turnkey solutions partner delivering exceptional tailored lighting results.

Vivid Ilumalite -www.vividilumalite.com

About NewCO2Fuels

NewCO2Fuels is a subsidiary of Vivid Technology. NewCO2Fuels' cutting-edge technology profitably converts CO2 into multi-purpose fuels (Diesel, Methanol or Hydrogen) and Oxygen.

NewCO2Fuels -www.newco2fuels.co.il

For Further Information Contact

Raphael Fiorini

Chief Commercial Officer Vivid Technology LTD

T: [phone] | M: [phone] E:[e-mail]

Nadya Krienke-Becker

Chief Marketing Officer Vivid Technology LTD

T: [phone] | M: [phone]

E:[e-mail]

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