14 Jan

Notification regarding unquoted securities - COS

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 1 / 7 Announcement Summary Entity name COSOL LIMITED Date of this announcement Friday January 14, 2022 The +securities the subject of this notification are: Total number of +securities to be issued/transferred ASX +security code Security description Total number of +securities to be issued/transferred Issue date New class - code to be confirmed Unlisted Options exercisable at $0.96, expiring 10 November 2025 (subject to vesting conditions) 750,000 02/12/2021 Refer to next page for full details of the announcement +Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 2 / 7 Part 1 - Entity and announcement details 1.1 Name of entity COSOL LIMITED We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities. 1.2 Registered number type ACN Registration number 635371363 1.3 ASX issuer code COS 1.4 The announcement is 1.5 Date of this announcement 14/1/2022 New announcement Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 3 / 7 Part 2 - Issue details 2.1 The +securities the subject of this notification are: 2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which: does not have an existing ASX security code ("new class") +Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 4 / 7 Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B New +securities issued under an +employee incentive scheme ASX +security code New class - code to be confirmed +Security description Unlisted Options exercisable at $0.96, expiring 10 November 2025 (subject to vesting conditions) +Security type Options ISIN code Date the +securities the subject of this notification were issued 2/12/2021 Will all the +securities issued in this class rank equally in all respects from their issue date? If some of the issued +securities do not rank equally: Is the actual date from which the +securities will rank equally (non-ranking end date) known? Provide the estimated non-ranking end period 30 June 2023 Please state the extent to which the +securities do not rank equally: In relation to the next dividend, distribution or interest payment; or For any other reason The Options do not have any voting rights or rights to achieve dividends attached. Following the exercise of the Options, and the conversion into ordinary shares, those ordinary shares will rank equally with existing fully paid ordinary shares (including the right to vote and receive dividends) Were any of the +securities issued to +key management personnel (KMP) or an +associate? Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02294985-6A1001581?access_token=8 3ff96335c2d45a094df02a206a39ff4 Options Details +Security currency AUD - Australian Dollar Exercise price AUD 0.95000000 Expiry date 10/11/2025 No No No No Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 5 / 7 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description COS - Fully Paid Ordinary Shares Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02294985-6A1001581?access_token=8 3ff96335c2d45a094df02a206a39ff4 Any other information the entity wishes to provide about the +securities the subject of this notification Vesting of the options will be subject to achievement of financial hurdles Issue details Number of +securities 750,000 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 6 / 7 Part 4 - +Securities on issue Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise: (A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.) 4.1 Quoted +Securities (Total number of each +class of +securities quoted) ASX +security code and description Total number of +securities on issue COS : ORDINARY FULLY PAID 141,722,818 4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX) ASX +security code and description Total number of +securities on issue COSAB : OPTION EXPIRING 15-OCT-2023 EX 41.5C 3,000,000 COSAC : OPTION EXPIRING 02-SEP-2022 EX 61C 762,500 COSAD : OPTION EXPIRING 02-SEP-2023 EX 70C 762,500 COSAE : OPTION EXPIRING 29-SEP-2024 EX $0.90 1,500,000 COSAF : OPTION EXPIRING 29-SEP-2024 EX $1.00 1,500,000 New class - code to be confirmed : Unlisted Options exercisable at $0.96, expiring 10 November 2025 (subject to vesting conditions) 750,000 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 7 / 7 Part 5 - Other Listing Rule requirements 5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? 5.1a Select the number of the applicable exception in Listing Rule 7.2 13 Yes

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