APPEN LIMITED — Capital/Financing Update 2023

Jun 25, 2023

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

Announcement Summary

Entity name

APPEN LIMITED

Announcement Type

New announcement

Date of this announcement

Saturday June 24, 2023

The +securities to be quoted are:

==> picture [8 x 8] intentionally omitted <==

Other

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
New code to be	ORDINARY FULLY PAID - NEW	23,197	23/06/2023
confirmed

Refer to next page for full details of the announcement

Application for quotation of +securities

1 / 7

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

Part 1 - Entity and announcement details

1.1 Name of entity

APPEN 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

ABN

Registration number 60138878298

1.3 ASX issuer code

APX

1.4 The announcement is

==> picture [8 x 8] intentionally omitted <==

New announcement

1.5 Date of this announcement

24/6/2023

Application for quotation of +securities

2 / 7

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

==> picture [8 x 8] intentionally omitted <==

Other

2.2 The +securities to be quoted are:

==> picture [8 x 9] intentionally omitted <==

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

2.3c Have these +securities been offered under a +disclosure document or +PDS?

==> picture [8 x 8] intentionally omitted <==

No

2.3d Please provide any further information needed to understand the circumstances in which you are applying to have these +securities quoted on ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

The securities are being issued to a former executive as the deferred equity component of the FY22 STI award.

2.4 Any on-sale of the +securities to be quoted 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)

Application for quotation of +securities

3 / 7

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

Application for quotation of +securities	Application for quotation of +securities
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
Additional +securities to be quoted in an existing class
ASX +security code and description
APX : ORDINARY FULLY PAID
Issue date
23/6/2023
Will the +securities to be quoted rank equally in all respects from their issue date with the
existing issued +securities in that class?
No
If some of the issued +securities do not rank equally:
Is the actual date from which the +securities will rank	Provide the actual non-ranking end date
equally (non-ranking end date) known?
Yes	26/2/2024
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 securities to which this notice relates are restricted from	trading until 26 February 2024.

Application for quotation of +securities

4 / 7

Application for quotation of +securities

Issue details

==> picture [21 x 22] intentionally omitted <==

Number of +securities to be quoted

23,197

Are the +securities being issued for a cash consideration?

==> picture [9 x 8] intentionally omitted <==

No

Please describe the consideration being provided for the +securities

The securities are being issued to a former executive as the deferred equity component of the FY22 STI award.

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

2.360000

Any other information the entity wishes to provide about the +securities to be quoted No

The purpose(s) for which the entity is issuing the securities

Other

Please provide additional details

The securities are being issued to a former executive as the deferred equity component of the FY22 STI award.

Application for quotation of +securities

5 / 7

Application for quotation of +securities

Part 4 - Issued capital following quotation

==> picture [21 x 22] intentionally omitted <==

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 APX : ORDINARY FULLY PAID 156,504,422

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 10,434,325

Application for quotation of +securities

6 / 7

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

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? 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? 23,197

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

Application for quotation of +securities

7 / 7