8COMMON LIMITED — Share Issue/Capital Change 2023

Jun 20, 2023

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

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Announcement Summary

Entity name

8COMMON LIMITED

Date of this announcement

Wednesday June 21, 2023

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
New class - code	OPTION EXPIRING 23-JUN-2023 EX NIL	613,521	21/06/2023
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

8COMMON 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

168232577

1.3 ASX issuer code

8CO

1.4 The announcement is

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New announcement

1.5 Date of this announcement

21/6/2023

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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

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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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

ASX +security code New class - code to be confirmed	+Security description OPTION EXPIRING 23-JUN-2023 EX NIL
+Security type	ISIN code
Options

Date the +securities the subject of this notification were issued 21/6/2023

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? Yes

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

Name of KMP	Name of registered holder	Number of +securities
Andrew Bond	Lalaa Holdings Pty Ltd	36,203
Ben Brockhoff	EMBA Enterprises PTY LTD	30,281
Zoran Grujic	Castlereagh Holdings Pty Ltd	28,150
Rory Koehler	Mr Rory Koehler	57,289

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1?

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No

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

The Terms of these Options are, with exception for two amendments, identical to the Terms of Employee Options found at - Annexure B of the Notice of Annual General Meeting released to ASX on 28 October 2020: https://cdn api.markitdigital.co m/apiman-gateway/ASX/asx-research/1.0/file/2924-02300669-2A1259606?access_token=83ff96335c2d45a094df02a206 a39ff4

The amendments are the deletion and replacement of clauses 2 and 4 to read:

"2. The Options will expire at 5:00pm (AEDT) on 23 June 2023 (Expiry Date); and

1. Each Option is exercisable for nil consideration (Exercise Price)."

The Company issues these options to employees in lieu of a cash bonus. The Company calculated the employees' entitlements by dividing the proposed net cash bonus by the Company's share price VWAP for the quarter ending 31/3/23, $0.093.

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

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Options Details

+Security currency

AUD - Australian Dollar

Exercise price AUD 0.00000000

Expiry date 23/6/2023

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Description

8CO : ORDINARY FULLY PAID

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/2924-02300669-2A1259606?access_token=8 3ff96335c2d45a094df02a206a39ff4

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

Zero Exercised Price Options to be issued to employees of the Company under the Incentive Option Plan

Issue details

Number of +securities

613,521

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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
8CO : ORDINARY FULLY PAID	223,481,382
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
8COAD : OPTION EXPIRING 30-JUN-2023 EX 9.1C	1,365,054
8COAK : OPTION EXPIRING 31-MAY-2025 EX $0.13	6,740,000
8COAE : OPTION EXPIRING 15-DEC-2024 EX $0.20	450,000
8COAF : OPTION EXPIRING 31-AUG-2024 EX $0.30	2,000,000
8COAG : OPTION EXPIRING 30-NOV-2024 EX $0.16	1,175,000
8COAM : OPTION EXPIRING 16-DEC-2026 EX $0.13	800,000
8COAJ : OPTION EXPIRING 30-JUN-2024 EX $0.16	6,075,000
New class - code to be confirmed : OPTION EXPIRING 23-JUN-2023 EX NIL	613,521

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

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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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