ADSLOT LTD. — Capital/Financing Update 2024

Jun 16, 2024

Appendix 3B - Proposed issue of securities

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Announcement Summary

Entity name ADSLOT LTD.

Announcement Type

New announcement

Date of this announcement

17/6/2024

The Proposed issue is: An accelerated offer

Total number of +securities proposed to be issued for an accelerated offer

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
ADS	ORDINARY FULLY PAID	2,418,371,660

Trading resumes on an ex-entitlement basis (ex date)

19/6/2024

+Record date

19/6/2024

Offer closing date for retail +security holders

8/7/2024

Issue date for retail +security holders

15/7/2024

Refer to next page for full details of the announcement

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Appendix 3B - Proposed issue of securities

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Part 1 - Entity and announcement details

1.1 Name of +Entity

ADSLOT LTD.

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

1.2 Registered Number Type

Registration Number

ABN 70001287510

1.3 ASX issuer code

ADS

1.4 The announcement is

New announcement

1.5 Date of this announcement

17/6/2024

1.6 The Proposed issue is:

An accelerated offer

1.6b The proposed accelerated offer is

Accelerated non-renounceable entitlement offer (commonly known as a JUMBO or ANREO)

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Appendix 3B - Proposed issue of securities

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Part 3 - Details of proposed entitlement offer issue

Part 3A - Conditions

3A.1 Do any external approvals need to be obtained or other conditions satisfied before the entitlement offer can proceed on an unconditional basis? No

Part 3B - Offer details

+Class or classes of +securities that will participate in the proposed issue and +class or classes of +securities proposed to be issued

ASX +security code and description

ADS : ORDINARY FULLY PAID

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Existing class

Will the proposed issue of this If the entity has quoted company +security include an offer of options, do the terms entitle option attaching +securities? holders to participate on exercise? No No

Details of +securities proposed to be issued

ASX +security code and description

ADS : ORDINARY FULLY PAID

ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them)

ISIN Code for the entitlement or right to participate in the offer (if Issuer is foreign company and +securities do not have +CDIs issued over them)

Offer ratio (ratio to existing holdings at which the proposed +securities will be issued) Has the offer ratio been determined? Yes

The quantity of additional +securities For a given quantity of +securities to be issued held 3 4 What will be done with fractional Maximum number of +securities entitlements? proposed to be issued (subject to

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Appendix 3B - Proposed issue of securities

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rounding)

Fractions rounded up to the next 2,418,371,660 whole number

Offer price details for retail security holders

Has the offer price for the retail offer been determined? Yes

In what currency will the offer be What is the offer price per +security made? for the retail offer? AUD - Australian Dollar AUD 0.00100

Offer price details for institutional security holders

Has the offer price for the institutional offer been determined? Yes

In what currency will the offer be What is the offer price per +security made? for the institutional offer? AUD 0.00100 AUD - Australian Dollar

Oversubscription & Scale back details

Will individual +security holders be permitted to apply for more than their entitlement (i.e. to over-subscribe)? No

Will a scale back be applied if the offer is over-subscribed? No

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

Part 3D - Timetable 3D.1a First day of trading halt 17/6/2024

3D.1b Announcement date of accelerated offer 17/6/2024

3D.2 Trading resumes on an ex-entitlement basis (ex date) 19/6/2024

3D.5 Date offer will be made to eligible institutional +security holders 17/6/2024

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Appendix 3B - Proposed issue of securities

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3D.6 Application closing date for institutional +security holders

18/6/2024

3D.8 Announcement of results of institutional offer (The announcement should be made before the resumption of trading following the trading halt) 19/6/2024

3D.9 +Record date

19/6/2024

3D.10a Settlement date of new +securities issued under institutional entitlement offer 25/6/2024

3D.10b +Issue date for institutional +security holders

26/6/2024

3D.10c Normal trading of new +securities issued under institutional entitlement offer 27/6/2024

3D.11 Date on which offer documents will be sent to retail +security holders entitled to participate in the +pro rata issue

24/6/2024

3D.12 Offer closing date for retail +security holders

8/7/2024

3D.13 Last day to extend retail offer close date

3/7/2024

3D.19 +Issue date for retail +security holders and last day for entity to announce results of retail offer

15/7/2024

Part 3E - Fees and expenses

3E.1 Will there be a lead manager or broker to the proposed offer? No

3E.2 Is the proposed offer to be underwritten? Yes

3E.2a Who are the underwriter(s)?

Partially underwritten by Andrew Dyer, Sarah Morgan and Adrian Giles (through their respective related shareholding entities).

3E.2b What is the extent of the underwriting (ie the amount or proportion of the offer that is underwritten)?

Up to a total of $197,022.09

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3E.2c What fees, commissions or other consideration are payable to them for acting as underwriter(s)? Nil

3E.2d Please provide a summary of the significant events that could lead to the underwriting being terminated The offer booklet or information provided by the Company to the underwriters are found to be misleading or deceptive, the Company materially breaches the underwriting agreement, a material change occurs in respect of the Company, its subsidiaries or the industry in which they operate, ASX approval for the quotation of the new shares is not obtained, the Company withdraws or terminates the entitlement offer; or there are material disruptions in financial or economic conditions in key markets or hostilities commence or escalate in certain countries specified in the underwriting agreement (which does not include Ukraine or Russia). 3E.2e Is a party referred to in listing rule 10.11 underwriting or sub-underwriting the proposed offer? Yes 3E.2e (i) What is the name of that party? Andrew Dyer, Sarah Morgan and Adrian Giles (through their respective related shareholding entities).

3E.2e (ii) What is the extent of their underwriting or sub-underwriting (ie the amount or proportion of the offer they have underwritten or sub-underwritten)? Adrian Giles (Yarra Ventures Pty Ltd) $54,091.64, Sarah Morgan (Ashmog Investments Pty Ltd) $68,738.19, Andrew Dyer (Securities Markets Capital Pty Ltd) $74,192.26 3E.2e (iii) What fee, commission or other consideration is payable to them for acting as underwriter or sub-underwriter? Nil 3E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission? No 3E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed offer

Part 3F - Further Information

3F.1 The purpose(s) for which the entity intends to use the cash raised by the proposed issue For working capital, to strengthen the Company's balance sheet and to continue investment in key commercial projects. 3F.2 Will holdings on different registers or subregisters be aggregated for the purposes of determining entitlements to the issue? No 3F.3 Will the entity be changing its dividend/distribution policy if the proposed issue is successful? No 3F.4 Countries in which the entity has +security holders who will not be eligible to participate in the proposed issue Countries outside of Australia and New Zealand. 3F.5 Will the offer be made to eligible beneficiaries on whose behalf eligible nominees or custodians hold existing +securities No 3F.6 URL on the entity's website where investors can download information about the proposed issue

3F.7 Any other information the entity wishes to provide about the proposed issue

3F.8 Will the offer of rights under the rights issue be made under a +disclosure document or product disclosure statement under Chapter 6D or Part 7.9 of the Corporations Act (as applicable)? Yes

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3F.9 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f)

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