5E Advanced Materials, Inc. — Share Issue/Capital Change 2024

Jan 3, 2024

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

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Announcement Summary

Entity name

5E ADVANCED MATERIALS INC.

Date of this announcement

Thursday January 04, 2024

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 5EAAS RESTRICTED SHARE UNITS 56,203 30/12/2023

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

5E ADVANCED MATERIALS INC.

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ARBN

Registration number

655137170

1.3 ASX issuer code

5EA

1.4 The announcement is

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New announcement

1.5 Date of this announcement

4/1/2024

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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

5EAAS : RESTRICTED SHARE UNITS

Date the +securities the subject of this notification were issued

30/12/2023

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class 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
David Salisbury	David Salisbury	15,113
Sen Ming Lim	Sen Ming Lim	5,904
Graham van't Hoff	Graham van't Hoff	16,530
H. Keith Jennings	H. Keith Jennings	11,099
Stephen Hunt	Stephen Hunt	7,557

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://www.sec.gov/Archives/edgar/data/1888654/000119312522032966/d222316dex101.htm

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

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

Issue details

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Number of +securities

56,203

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Part 4 - +Securities on issue

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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
5EA : CHESS DEPOSITARY INTERESTS 10:1	307,660,170
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
5EAAR : CONVERTIBLE NOTES	63,561
5EAAP : 10:1 CDI EQUIVALENT TO 5EAAO	134,710,370
5EAAO : COMMON STOCK	13,471,037
5EAAV : DIRECTOR SHARE UNITS	11,103
5EAAW : OPTION EXPIRING 24-APR-2033 EX USD 7.73	700,000
5EAAL : OPTION EXPIRING 01-JUN-2025 EX USD$14.62	1,436,666
5EAAN : OPTION EXPIRING 01-OCT-2025 EX USD$16.45	233,333
5EAAK : OPTION EXPIRING 07-APR-2025 EX USD$18.27	100,000
5EAAG : OPTION EXPIRING 31-DEC-2023 EX USD$8.04	120,000
5EAAH : OPTION EXPIRING 30-JUL-2024 EX USD$3.65	750,000
5EAAI : OPTION EXPIRING 30-JUN-2024 EX USD$9.87	59,000
5EAAJ : OPTION EXPIRING 06-JUL-2024 EX USD$6.58	910,000
5EAAT : PERFORMANCE SHARE UNITS	250,370

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

5EAAS : RESTRICTED SHARE UNITS

389,291

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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? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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