Announcement PDF Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Announcement Summary Entity name SPENDA LIMITED Date of this announcement Thursday May 18, 2023 The +securities the subject of this notification are: +Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX Total number of +securities to be issued/transferred Total number of +securities to be issued/transferred Issue date Unlisted Options with an exercise price of $0.0175 expiring 15/5/2027 23,500,000 15/05/2023 Unlisted Options with an exercise price of $0.02 expiring 16/5/2027 24,500,000 16/05/2023 ASX +security code Security description New class - code to be confirmed New class - code to be confirmed Refer to next page for full details of the announcement Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 1/8 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 1 - Entity and announcement details 1.1 Name of entity SPENDA 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 Registration number ACN 099084143 1.3 ASX issuer code SPX 1.4 The announcement is New announcement 1.5 Date of this announcement 18/5/2023 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 2/8 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 2 - Issue details 2.1 The +securities the subject of this notification are: +Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX 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") Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 3/8 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 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 ASX +security code +Security description New class - code to be confirmed Unlisted Options with an exercise price of $0.0175 expiring 15/5/2027 +Security type ISIN code Options Date the +securities the subject of this notification were issued 15/5/2023 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Were any of the +securities issued to +key management personnel (KMP) or an +associate? No Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://announcements.asx.com.au/asxpdf/20210419/pdf/44vn9bg4bnr7np.pdf Annexure C & D Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.01750000 15/5/2027 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description Ordinary Fully Paid Shares (ASX:SPX) Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 4/8 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 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://announcements.asx.com.au/asxpdf/20210419/pdf/44vn9bg4bnr7np.pdf Annexure D Any other information the entity wishes to provide about the +securities the subject of this notification Issue details Number of +securities 23,500,000 ASX +security code +Security description New class - code to be confirmed Unlisted Options with an exercise price of $0.02 expiring 16/5/2027 +Security type ISIN code Options Date the +securities the subject of this notification were issued 16/5/2023 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Were any of the +securities issued to +key management personnel (KMP) or an +associate? No Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://announcements.asx.com.au/asxpdf/20210419/pdf/44vn9bg4bnr7np.pdf Annexure C & D Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 5/8 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.02000000 16/5/2027 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description Ordinary Fully Paid Shares (ASX:SPX) 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://announcements.asx.com.au/asxpdf/20210419/pdf/44vn9bg4bnr7np.pdf Annexure D Any other information the entity wishes to provide about the +securities the subject of this notification Options vest on 30 June 2024 subject to ongoing employment of the option holder at 30 June 2024. Issue details Number of +securities 24,500,000 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 6/8 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 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) Total number of +securities on issue ASX +security code and description SPX : ORDINARY FULLY PAID 3,266,463,841 SPXO : OPTION EXPIRING 28-JUL-2023 611,395,599 4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX) Total number of +securities on issue ASX +security code and description SPXAM : OPTION EXPIRING 15-AUG-2025 EX $0.042 46,717,490 SPXAE : OPTION EXPIRING 28-JUL-2023 EX 2.5C 4,500,000 SPXAK : OPTION EXPIRING 15-JUN-2025 EX $0.0175 18,250,000 SPXAL : OPTION EXPIRING 15-JUN-2027 EX $0.0175 156,000,000 SPXAH : OPTION EXPIRING 02-MAR-2024 EX $0.135 50,000,000 SPXAJ : OPTION EXPIRING 25-FEB-2026 EX $0.084 60,000,000 New class - code to be confirmed : Unlisted Options with an exercise price of $0.0175 expiring 15/5/2027 23,500,000 New class - code to be confirmed : Unlisted Options with an exercise price of $0.02 expiring 16/5/2027 24,500,000 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 7/8 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 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? No 5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? No 5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes 5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? 48,000,000 5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 8/8