Incannex Capital Raising Presentation

• Incannex is undertaking an institutional Placement of approximately $13 million at 0.205 per share
• Each share issued under the Placement will receive one free attaching option with an exercise price of $0.285 and expiry date of 31 December 2025
• Pro-forma cash post raising of $A45 million, which with the expected R&D rebates will fully fund the company’s clinical programs into 2025