ARCHER MATERIALS LIMITED — Capital/Financing Update 2023

Jan 18, 2023

Corporate Lapse of unlisted options

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

ASX Announcement (ASX: AXE )

19 January 2023

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Lapse of Unlisted Options

Archer Materials Limited (“Archer”, the “Company”, “ASX: AXE”) advises that 1,050,000 unlisted options with an exercise price of $1.79 and expiring 31 May 2025 have lapsed in accordance with the terms of which they were issued.

The Capital structure of the Company following the lapse of these options is:

Quoted Securities:

248,967,207 fully paid ordinary shares (ASX: AXE)

Unquoted Securities:

8,800,000 options exercisable at $0.1511 and expiring 31 March 2023

1,500,000 options exercisable at $0.7277 and expiring 31 March 2024

23,450,000 options exercisable at $1.79 and expiring 31 May 2025

For further information please contact:

The Board of Archer authorised this announcement to be given to ASX.

General Enquiries

Mr Greg English Executive Chairman Dr Mohammad Choucair Chief Executive Officer Tel: +61 8 8272 3288 Mr Damien Connor Company Secretary Tel: +61 8 8272 3288

For more information about Archer’s activities, please visit our:

Website: https://archerx.com.au/ Twitter: https://twitter.com/archerxau

YouTube: https://bit.ly/2UKBBmG

Sign up to our Newsletter: http://eepurl.com/dKosXI

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