4DS MEMORY LIMITED — Share Issue/Capital Change 2022

May 30, 2022

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

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Announcement Summary

Entity name

4DS MEMORY LIMITED

Date of this announcement

Tuesday May 31, 2022

The +securities the subject of this notification are: Other

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	OPTION EXPIRING 31-MAY-2027 EX $0.10	15,500,000	31/05/2022
to be confirmed

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

4DS MEMORY 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

145590110

1.3 ASX issuer code

4DS

1.4 The announcement is

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New announcement

1.5 Date of this announcement

31/5/2022

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

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Other

Please specify

Issue of incentive options to US based employees of the Company who are not KMPs.

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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does not have an existing ASX security code ("new class")

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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 ASX +security code +Security description New class - code to be confirmed OPTION EXPIRING 31-MAY-2027 EX $0.10 +Security type ISIN code Options Date the +securities the subject of this notification were issued 31/5/2022 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes 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. Options exercisable at $0.10, expiring 31 May 2027. 25% of the options vest after the first 6 months, with 7.5% vesting each quarter thereafter for 10 quarters.

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.10000000 31/5/2027 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description Fully paid ordinary shares

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

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

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Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

The securities were both approved by the Board and issued on 31 May 2022.

Issue details

Number of +securities 15,500,000

Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Incentive options issued to US based employees who are not KMPs Purpose of the issue Other Additional Details Incentive options issued to employees

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

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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
4DS : ORDINARY FULLY PAID	1,450,280,442

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
4DSAU : OPTION EXPIRING 03-DEC-2023 EX $0.08	5,000,000
4DSAR : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	55,895,000
4DSAT : OPTION EXPIRING 29-NOV-2025 EX $0.064	20,000,000
4DSAV : OPTION EXPIRING 14-MAR-2027 EX $0.063	30,000,000
New class - code to be confirmed : OPTION EXPIRING 31-MAY-2027 EX $0.10	15,500,000

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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?

15,500,000

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

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