29METALS LIMITED — Share Issue/Capital Change 2021

Nov 18, 2021

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

29METALS LIMITED

Date of this announcement

Friday November 19, 2021

The +securities the subject of this notification are:

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+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
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
29MAA	PERFORMANCE RIGHTS	508,178	19/11/2021

Refer to next page for full details of the announcement

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

29METALS 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

650096094

1.3 ASX issuer code

29M

1.4 The announcement is

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New announcement

1.5 Date of this announcement

19/11/2021

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Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+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:

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has an existing ASX security code ("existing class")

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Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B

ASX +security code and description

29MAA : PERFORMANCE RIGHTS

Date the +securities the subject of this notification were issued

19/11/2021

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class

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Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Peter Herbert	Peter Herbert	84,552
Ed Cooney	Ed Cooney	84,552
Clifford Tuck	Clifford Tuck	84,552

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

A copy of the 29Metals Limited Equity Incentive Plan Rules are available on the ASX announcements platform at: https:// cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02391118-3A569963?access_token=83ff9633 5c2d45a094df02a206a39ff4

Any other information the entity wishes to provide about the +securities the subject of this notification

Vesting Date 30 June 2024 (subject to performance testing)

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Issue details

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Number of +securities

508,178

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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
ASX +security code and description	+securities on issue
29M : ORDINARY FULLY PAID	480,455,000
4.2 Unquoted +Securities (Total number of each +class of +securities issued but not	quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
29MAA : PERFORMANCE RIGHTS	2,426,567

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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?

508178

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

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