ADHERIUM LIMITED — Share Issue/Capital Change 2021

Nov 25, 2021

Application for quotation of +securities

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Announcement Summary

Entity name

ADHERIUM LIMITED

Announcement Type

New announcement

Date of this announcement

Friday November 26, 2021

The +securities to be quoted are:

+Securities issued under an +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
ADR	ORDINARY FULLY PAID	70,742,530	26/11/2021

Refer to next page for full details of the announcement

Application for quotation of +securities

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Application for quotation of +securities

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Part 1 - Entity and announcement details

1.1 Name of entity

ADHERIUM LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

ACN

Registration number 605352510

1.3 ASX issuer code

ADR

1.4 The announcement is

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New announcement

1.5 Date of this announcement

26/11/2021

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Application for quotation of +securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities issued under an +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer

2.2 The +securities to be quoted are:

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Additional +securities in a class that is already quoted on ASX ("existing class")

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Application for quotation of +securities

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

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Additional +securities to be quoted in an existing class issued under an +employee incentive scheme
FROM (Existing Class)
ASX +security code and description
No security currently exists
FROM (Existing Class)
+Security description
Unissued Employee Share Plan shares
TO (Existing Class)
ASX +security code and description
ADR : ORDINARY FULLY PAID
Please state the number of +securities issued under the +employee incentive scheme that are not subject to a
restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer
70,742,530
Please provide details of 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/2924-02426662-3A576764?access_token=83
ff96335c2d45a094df02a206a39ff4
Are any of these +securities being 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
Geoff Feakes Geoff Feakes 14,500,000
Issue date
26/11/2021
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Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

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Application for quotation of +securities

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Issue details

Number of +securities to be quoted

70,742,530

Are the +securities being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Issue under the Adherium Employee Share Plan in consideration for the provision of employment services and Employee Share Plan loans amounting to $1,134,357.45

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

0.016035

Any other information the entity wishes to provide about the +securities to be quoted

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Application for quotation of +securities

Part 4 - Issued capital following quotation

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Following the quotation of the +securities the subject of this application, the issued capital 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 on ASX following the +quotation of the +securities subject of this application)

	Total number of
ASX +security code and description	+securities on issue
ADR : ORDINARY FULLY PAID	2,198,990,182

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
ADRAK : OPTION EXPIRING 17-FEB-2022 EX $0.06	83,333,333
ADRAD : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	47,692,705
ADRAM : OPTION EXPIRING 07-MAY-2023 EX $0.02	25,000,000
ADRAN : OPTION EXPIRING 07-MAY-2023 EX $0.03	25,000,000
ADRAL : OPTION EXPIRING 25-OCT-2022 EX $0.03	104,855,877
ADRAO : OPTION EXPIRING 07-MAY-2023 EX $0.04	25,000,000
ADRAP : STOCK APPRECIATION RIGHTS	148,977,337

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Application for quotation of +securities

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Part 5 - Other Listing Rule requirements

5.1 Are the +securities being issued under an exception in Listing Rule 7.2 and therefore the issue does 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

13

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