IMMURON LIMITED ACN 063 114 045 (ASX code: IMC, NASDAQ code: IMRN) NOTICE OF 2025 ANNUAL GENERAL MEETING AND EXPLANATORY STATEMENT Date and Time of Meeting: Tuesday, 11 November 2025 at 11.15 am AEDT Place of Meeting: Th

ANNUAL GENERAL MEETING AND

EXPLANATORY STATEMENT

November 2025 at 11.15 am AEDT

Grant Thornton Collins Square, Tower 5

Collins Street Melbourne

Shareholders are unable to attend the Meeting in person they are encouraged to return the proxy form to the Company in accordance with

the instructions thereon. Returning the proxy form will not preclude a Shareholder from attending and voting at the Meeting in.

Notice of 2025 Annual General Meeting

that a general meeting of the shareholders of Immuron Limited ACN 063 114 045 (Company or Immuron) will be held at the

offices of Grant Thornton, Collins Square, Tower 5, Level 22, 727 Collins Street Melbourne on Tuesday, 11 November 2025 at 11.15 am

AEDT for the purpose of considering and if thought fit passing the resolutions as stated below.

this is an in-person meeting only. However, shareholders will have an opportunity to attend the meeting virtually and ask questions.

Please note that voting is not allowed for a virtual participation.

the webcast meeting, please follow this link

note that additional information concerning the proposed resolutions is contained in the Explanatory Statement that accompanies and forms

part of this Notice of Annual General Meeting. Voting Exclusions to some the following resolutions appear below and are deemed to form

part of this Notice.

Business of the Meeting

Financial statements

and consider the financial statements and the reports of the Directors and of the Auditors for the year ended 30 June 2025.

1: Adoption of Remuneration Report

To consider and, if thought

fit, pass the following resolution as an ordinary resolution:

the Remuneration Report for the year ended 30 June 2025 as set out in the Company's Annual Report for the year ended 30 June 2025 be

A voting exclusion statement

in respect of this Resolution is set out below.

2: Re-election of Director - Prof Ravi Savarirayan

To consider and, if thought

fit, to pass the following resolution as an ordinary resolution:

pursuant to the Company's Constitution and for all other purposes, the members of the Company approve the re-election of Prof Ravi Savarirayan

as a Non-Executive Director of the Company, who pursuant to clause 13.3 of the Company's Constitution is retiring by rotation and being

eligible offers himself for re-election."

3: Re-election of Director - Mr Paul Brennan

To consider and, if thought

fit, to pass the following resolution as an ordinary resolution:

pursuant to the Company's Constitution and for all other purposes, the members of the Company approve the re-election of Mr Paul Brennan

as a Non-Executive Director of the Company, who pursuant to clause 13.3 of the Company's Constitution is retiring by rotation and being

eligible offers himself for re-election."

Resolution 4: Approval of increased

and, if thought fit, to pass the following resolution as a special resolution:

pursuant to and in accordance with ASX Listing Rule 7.1A and for all other purposes, Shareholders approve the increase in the capacity

of the Company to issue equity securities up to 10% of the issued capital of the Company (at the time of the issue) calculated in accordance

with the formula prescribed in Listing Rule 7.1A.2 and on the terms and conditions stated in the Explanatory Statement which accompanies

and forms part of this Notice of Meeting."

exclusion statement in respect of this Resolution is set out below.

Resolution 5: Approval of the Issue

of Options to Dr Jeannette Joughin

and, if thought fit, pass the following resolution as an ordinary resolution:

for the purposes of ASX Listing Rule 10.14 and for all other purposes, shareholders approve the issue of 1,000,000 Options to Dr Jeannette

Joughin on the terms and conditions set out in the Explanatory Statement which accompanies and forms part of this Notice of Meeting."

exclusion statement in respect of this Resolution is set out below.

Resolution 6: Approval of the Issue

of Options to Mr Daniel Pollock

and, if thought fit, pass the following resolution as an ordinary resolution:

for the purposes of ASX Listing Rule 10.14 and for all other purposes, shareholders approve the issue of 1,000,000 Options to Mr Daniel

Pollock on the terms and conditions set out in the Explanatory Statement which accompanies and forms part of this Notice of Meeting."

exclusion statement in respect of this Resolution is set out below.

Approval of the Issue of Options to Prof Ravi Savarirayan

consider and, if thought fit, pass the following resolution as an ordinary resolution:

for the purposes of ASX Listing Rule 10.14 and for all other purposes, shareholders approve the issue of 1,000,000 Options to Prof Ravi

Savarirayan on the terms and conditions set out in the Explanatory Statement which accompanies and forms part of this Notice of Meeting."

exclusion statement in respect of this Resolution is set out below.

Resolution 8: Approval of the Issue

of Options to Mr Paul Brennan

and, if thought fit, pass the following resolution as an ordinary resolution:

for the purposes of ASX Listing Rule 10.14 and for all other purposes, shareholders approve the issue of 1,000,000 Options to Mr Paul

Brennan on the terms and conditions set out in the Explanatory Statement which accompanies and forms part of this Notice of Meeting."

exclusion statement in respect of this Resolution is set out below.

Resolution 9: Ratification of prior

issue of shares - Listing Rule 7.1

and, if thought fit, pass the following resolution as an ordinary resolution:

for the purposes of Listing Rule 7.4 and for all other purposes, Shareholders ratify the issue of 16,095,046 Shares on the terms and

conditions set out in the Explanatory Statement."

exclusion statement in respect of this Resolution is set out below.

Resolution 10: Ratification of

prior issue of shares - Listing Rule 7.1A

and, if thought fit, pass the following resolution as an ordinary resolution:

That, for the purposes

of Listing Rule 7.4 and for all other purposes, Shareholders ratify the issue of 22,799,834 Shares on the terms and conditions set out

in the Explanatory Statement."

A voting exclusion statement

in respect of this Resolution is set out below.

Resolution 11: Approval to renew

Proportional Takeover Bid

To consider and, if thought

fit, pass the following resolution as a special resolution:

for the purposes of sections 136(2) and 648G of the Corporations Act and for all other purposes, approval is given for the Company to

modify its existing Constitution by renewing clause 11 for a period of three years from the date of approval of this Resolution."

By order of the Board

Voting Exclusion Statement

The Company will disregard votes cast by a member of the Key Management Personnel details of whose remuneration are included in the Remuneration

Report, or a closely related party of such a member, in contravention of section 250R or 250BD Corporations Act. Restrictions also apply

to votes cast as proxy unless exceptions apply.

of section 224 Corporations Act, the Company will not disregard a vote if:

In accordance with the Listing Rule

14.11, the Company will disregard votes cast in favour of the resolution by or on behalf of:

However, this does not apply to a vote

cast in favour of the Resolution by: