Nuix : Chairman and Group CEO Addresses, Trading Update

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MARKET RELEASE

30 November 2021

Annual General Meeting 2021

Chairman and Group CEO Addresses, Trading Update

Sydney, Australia - Nuix Limited (ASX:NXL) will hold its 2021 Annual General Meeting (AGM) virtually today at 10.30am AEDT.

The addresses to shareholders to be delivered by the Chairman, Hon Jeff Bleich, and the Group Chief Executive Officer (CEO), Rod Vawdrey are attached.

The CEO's address contains trading update commentary for the four months ending October 2021.

The accompanying slides are also attached.

This announcement has been authorised by the Board of Nuix.

Investor Contact	Media Contact
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Head of Investor Relations	Citadel-MAGNUS
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About Nuix

Nuix is a leading provider of investigative analytics and intelligence software, with the vision of "finding truth in a digital world". Nuix helps customers to process, normalise, index, enrich and analyse data from a multitude of different sources, solving many of their complex data challenges. The Nuix platform supports a range of use cases, including criminal investigations, financial crime, litigation support, employee and insider investigations, legal eDiscovery, data protection and privacy, and data governance and regulatory compliance. Headquartered in Sydney, Australia, Nuix licenses its software to more than 1,000 customers across 79 countries in North America, Asia Pacific and EMEA.

For further information, please visit investors.nuix.com

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Chairman's Address

Jeffrey Bleich

Chairman

Welcome to Nuix's first AGM as a publicly listed company. I'm Jeff Bleich and it is my privilege to serve as the Chair of Nuix. It has been nearly a full year since Nuix listed on the ASX. Some of the things we all believed then - that the pandemic had peaked, or that the U.S. was beginning an orderly transition of power - turned out differently than we'd imagined. I hope you and your loved ones have been healthy and safe through these turbulent times. But looking back, despite a year of unexpected challenges, I am very proud of the resilience Nuix has demonstrated, and what we have achieved.

Throughout the year, we have kept our eyes forward, and stayed focused on the three pillars of our Company - our innovative people, our inspiring customers, and our extraordinary technology that promise to bring understanding and structure to a digital world. Since its founding two decades ago, Nuix has anticipated and adapted to the challenges of finding patterns and meaning in structured, semi-structured and unstructured data at scale and speed. Throughout this time, its purpose has remained constant - finding truth in a digital world. Our core technology - built around the Nuix Engine

• accomplishes this in a unique and proprietary fashion that enables world-class solutions. Nuix has earned the commitment of some of the most respected organisations in the world and propelled a once-smallSydney-based company to becoming a global leader in a vital space.

Today, Nuix is a leading provider of investigative analytics and intelligence software with more than 480 staff worldwide serving over 1,000 customers across 79 countries.

This past year is only the beginning. The amount of data in this world will continue to grow at a mind- altering pace and the need to find the truth in this data will grow ever-more urgent. Our software platform is evolving to keep up with the needs of our customers and capitalize on the shift to data in the cloud. Likewise, our company needs to mature to manage these demands. And so, our Company too is evolving to have the structures in place to become a truly best-in-class publicly listed company.

DEMONSTRATING RESILIENCE AND ADAPTABILITY

We have been candid with you and with ourselves about where we have performed and where we have fallen short. While our FY21 revenue results did not meet our initial expectations, we faced that disappointment head on, and delivered a solid financial performance across statutory revenue, Annualised Contract Value (ACV) and earnings before interest, tax, depreciation and amortisation (EBITDA). We have continued to experience low churn, a strong increase in multi-year deals and a rise

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in consumption (including SaaS) licenses. We finished the year with a strong balance sheet and net cash of $71 million.

Among the many tests faced in the early part of its life as an ASX-listed company, Nuix encountered varied Covid-19-related impacts on our operations and customers, an extended transition of government administration in the United States following the November 2020 election, and unusual levels of critical attention.

Nuix demonstrated resilience through the volatile pandemic conditions across all of our international markets. Our people worked tirelessly to ensure continuity of our client services. Even in the lowest moments, their passionate commitment and energy to our customers, our products, and our mission, were evident across the entire organisation.

A strong endorsement of the strength and uniqueness of our technology is that our customers have overwhelmingly stuck with us. This is not out of sentimentality. It is because of the tremendous value our solutions bring to their operations. We are grateful to them and committed to continuously raising our game to carry on delivering the highest standard of technical excellence and support. When we help them achieve their ambitions, everyone benefits.

We recognise that our people are our most important asset and as an organisation we have concentrated on our valued team members around the globe. One of our efforts this year was ensuring they have the necessary support and incentives to deliver future success for our business.

Nuix continues to attract great talent, welcoming many dozens of new people last financial year, including a new world-class Chief Financial Officer in Chad Barton, two outstanding Solutions leads in Abdes Afras and Oliver Harvey, and other deeply talented leaders. And next Monday December 6th we will be adding yet another great leader - our exceptional new CEO in Jonathan Rubinzstein. As we look forward to FY22, Jonathan and our team will continue to work to attract the very best people and keep investing for growth, particularly in sales and engineering roles.

STRENGTHENING OUR GOVERNANCE

I'd like to draw some special focus on efforts to mature our governance this past year. As you know, the transition from private to public ownership had disappointments, and we recognise the toll this took on everyone - including those of us at Nuix - who had higher hopes for the year. But the measure of a company's governance is not whether it has ever experienced surprises or disappointments, but whether it confronts them honestly, acknowledges any shortcomings and takes actions to improve.

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The Board and senior management have acted to continue to strengthen our governance structures and we have been listening carefully to our stakeholders so that we take the right measures to achieve their aspirations for us. We understand that confidence is not a right but can only be earned. So, we expect it to take time, but we are doing the things required to restore fully the trust and confidence of the market, including all of our valued shareholders. Hiring our new, highly accomplished Head of Investor Relations, Brett Dimon, adding new metrics and materials to our year-end results, expanding the scope of our audited FY 2021 financials, making executives and board members available to meet with the investor community and increasing the number of directors with distinguished service to ASX- listed companies, all reflect our commitment to enhancing our engagement with the market and to meeting your expectations. We have reinforced our systems. And we have done the work necessary to be confident about our future. We stand by our financial accounting and disclosure processes including those that underpinned the development of our Prospectus.

We take every concern seriously and have structures and people to resolve them. We established an Independent Board Sub-Committee in May to examine and address concerns that includes independent Non-Executive Directors Sir Iain Lobban and Sue Thomas, both eminent individuals with outstanding track records in their respective careers and past Board roles. Sir Iain is the former head of the Government Communications Headquarters, the British signals intelligence agency, and a person of impeccable standing who brings unparalleled industry insights to the Board. As head of the Audit and Risk Committee, Sue has brought decades of experience applying critical and objective analysis to financial reports and applying exacting standards honed during her career as an executive, and as an Independent Director. She has played a crucial role in overseeing the audit of our FY21 financial statements and has worked tirelessly in recent months to support Chad and all of the finance team.

We have seen progress and an encouraging momentum. The effort to expand our Board confirmed this. We drew an exceptional field of candidates, leading to the additions of skillful and experienced Non-Executive Directors Jackie Korhonen and Rob Mactier in October. I am delighted that Rob has been elevated to the position of Deputy Chair. Nuix is a truly global organisation and its Board, with members across three continents, reflects that profile. Having Rob on the ground in Sydney as my Deputy will assist in the management of our Board affairs and further strengthen our governance. We also recently announced that Jackie will take on the Chair of our Remuneration and Nominations Committee, in which I know she will provide excellent stewardship of this important function. I give thanks to Dan Phillips, who as outgoing Chair of the RNC led the CEO and CFO recruitment process in

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recent months. Dan continues as a valued member of the Board and brings passion and extraordinary knowledge of Nuix to the table.

You will hear from Jackie and Rob a little later in the meeting.

This process of listening to our stakeholders, re-examining, and taking actions is not a one-time effort

• our actions here reflect our core values. We will continue to engage transparently and in good faith with our key stakeholders, including our regulators. That work remains. There are ASIC investigations that relate directly or indirectly to Nuix, recent class actions concerning the same issues, and an outstanding legal proceeding with a former CEO about his claimed compensation. At this point in time, we have no further updates on these investigations or the lawsuits. But if or when there are material updates, we will promptly advise the ASX. We want our leadership of this company to be known not simply for doing things right, but for doing the right thing. Our commitment to you is that we will handle these professionally and responsibly, and consistent with our commitment to finding truth.

CARING FOR OUR PEOPLE AND COMMUNITIES

Our CEO, Rod Vawdrey will be speaking to results this past year and offering insights about the year ahead for Nuix operations. But one area that I would like to call out is something that does not appear on the bottom line - our commitment to helping the people and communities we serve. Nuix remains committed to promoting the wellbeing of our team members and contributing to the communities wherever we operate.

This past year, we have implemented a global wellbeing program enabling our team members by providing them ready access to resources that enhance their health and wellness, and make them even better colleagues, partners, parents, and community members. We offer them access to resources and activities, fitness initiatives and a range of other programs. Our employee social groups have also driven their own initiatives in each region to promote wellness.

In 2020, we formalised The Nuix Foundation to protect and defend vulnerable groups by donating software and services to agencies and not-for-profit organisations. During FY21, the Foundation supported Freeland and TRAFFIC, enabling these organisations to combat the horror of illegal human trafficking as well as the tragic exploitation of rare and endangered species through wildlife trafficking.

The Foundation has also supported a range of projects to deliver positive learning outcomes at all levels in digital discovery and forensics, as well as building schools, providing literacy materials, and sponsoring higher education paths.

Nuix - Level 27, 1 Market Street, Sydney NSW 2000 - www.nuix.com