APPEN LIMITED — Capital/Financing Update 2023

Jul 6, 2023

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

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Update Summary

Entity name APPEN LIMITED

Announcement Type

Update to previous announcement

Date of this announcement

Friday July 07, 2023

Reason for the update

Update to section 5 of this appendix.

Refer to next page for full details of the announcement

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

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Part 1 - Entity and announcement details

1.1 Name of entity

APPEN 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 Registration number ABN 60138878298

1.3 ASX issuer code

APX

1.4 The announcement is

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Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Update to section 5 of this appendix.

1.4b Date of previous announcement to this update

6/7/2023

1.5 Date of this announcement

7/7/2023

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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

APXAB : PERFORMANCE RIGHTS

Date the +securities the subject of this notification were issued

30/6/2023

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

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No

If some of the issued +securities do not rank equally:

Is the actual date from which the +securities will rank equally (non-ranking end date) known? No

Provide the estimated non-ranking end period

The performance rights to which this appendix relates rank equally in all respects to existing performance rights on issue under the code APXAB with the exception of differing exercise prices and expiry dates.

Please state the extent to which the +securities do not rank equally: In relation to the next dividend, distribution or interest payment; or For any other reason

The performance rights to which this appendix relates rank equally in all respects to existing performance rights on issue under the code APXAB with the exception of differing vesting and expiry dates. Unlisted performance rights are not entitled to participate in dividends until they vest and quoted securities are issued. Upon vesting of the performance rights, the shares issued will rank equally with existing quoted shares.

Were any of the +securities issued to +key management personnel (KMP) or an +associate? No

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://appen.com/investors/corporate governance/

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

No

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

Issue details

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Number of +securities

4,543,655

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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
APX : ORDINARY FULLY PAID	156,644,558
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
APXAB : PERFORMANCE RIGHTS	14,837,844

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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? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes

5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

4,543,655

5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? N/A

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