ARCHER MATERIALS LIMITED — Capital/Financing Update 2022

Oct 30, 2022

Corporate Exercise of unlisted options

Archer Materials Limited (ACN: 123 993 233) Lot Fourteen, Frome Road, Adelaide SA 5000

31 October 2022

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ASX Announcement (ASX: AXE )

Exercise of Unlisted Options Notice under section 708A(5)(e) of the Corporations Act

Archer Materials Limited (“Archer”, the “Company”) (ASX: AXE ) has today issued 500,000 fully paid ordinary shares in the Company following the exercise of unlisted options, previously issued under an employee incentive scheme.

Details of the issue are:

Details of the issue are:
Class of securities	Ordinary Shares
ASX Code of the securities	AXE
Date of the issue of the securities	31 October 2022
Total number of securities issued or expected to be issued	500,000

Archer advises that:

1. The above shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (Cth) ( Corporations Act ).

2. This notice is given under section 708A(5)(e) of the Corporations Act.

3. As at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company and section 674 of the Corporations Act.

4. As at the date of this notice, there is “no excluded information” within the meaning of sections 708A(7) and 708A(8) of the Corporations Act (as if this notice were a notice under paragraph 708A(5)(e) of the Corporations Act).

The Board of Archer authorised this For more information about Archer’s activities, announcement to be given to ASX. please visit our: General Enquiries Website: Mr Greg English https://archerx.com.au/ Executive Chairman Twitter: Dr Mohammad Choucair https://twitter.com/archerxau Chief Executive Officer YouTube: Tel: +61 8 8272 3288 https://bit.ly/2UKBBmG Damien Connor Sign up to our Newsletter: Company Secretary http://eepurl.com/dKosXI Tel: +61 8 8272 3288

Media Enquiries Mr James Galvin Communications Manager Email: hello@archerx.com.au