ADALTA LIMITED — Capital/Financing Update 2021

Dec 13, 2021

Market Announcement

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14 December 2021

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Adalta Limited (ASX: 1AD) – Suspension from Quotation

Description

The securities of Adalta Limited (‘1AD’) will be suspended from quotation immediately under Listing Rule 17.2, at the request of 1AD, pending the release of an announcement regarding a capital raising.

Issued by

Melissa Kostopoulos

Compliance Adviser, Listings Compliance (Melbourne)

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

14 December 2021 ASX Limited

14 December 2021

Melissa Kostopoulos Adviser, ASX Listings Compliance (Melbourne) Level 4, Rialto North Tower 525 Collins Street Melbourne, Vic 3000

By Email: melissa.kostopoulos@asx.com.au

Dear Melissa,

Request for a voluntary suspension

AdAlta Limited ACN 120 332 925 (ASX: 1AD) (the Company ), requests that the Company's securities be placed into suspension with immediate effect.

The Company is currently in trading halt for a proposed capital raising, first announced on 10 December 2021. The Company is concluding some administrative items and so is not in a position to come out of trading halt before opening of trading today (14 December 2021).

Accordingly, pursuant to ASX Listing Rule 17.2, the Company requests the suspension in order to finalise arrangements around that potential capital raising. The Company anticipates the lifting of its voluntary suspension of trading of its securities on or before the opening of trade on the ASX on Thursday 16 December 2021.

The Company is not aware of any reason why the voluntary suspension of its shares should not be granted, nor any other information necessary to inform the market about the voluntary suspension.

Yours faithfully,

Cameron Jones Company Secretary

Authorised for lodgement by: Tim Oldham CEO and Managing Director 14 December 2021