AROA BIOSURGERY LIMITED — Share Issue/Capital Change 2023

Jan 4, 2023

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

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Announcement Summary

Entity name

AROA BIOSURGERY LIMITED

Date of this announcement

Thursday January 05, 2023

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

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
ARXAF	OPTION EXPIRING 13-NOV-2027 EX $0.87	1,335,143	04/01/2023

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

AROA BIOSURGERY 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

ARBN

Registration number

638867473

1.3 ASX issuer code

ARX

1.4 The announcement is

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New announcement

1.5 Date of this announcement

5/1/2023

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

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")

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 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

ARXAF : OPTION EXPIRING 13-NOV-2027 EX $0.87

Date the +securities the subject of this notification were issued

4/1/2023

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

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://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02390652-2A1307133?access_token=8 3ff96335c2d45a094df02a206a39ff4 Any other information the entity wishes to provide about the +securities the subject of this notification

Options to US-based staff communicated from November using the 14 November 2022 5-day VWAP

Issue details

Number of +securities

1,335,143

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 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
ARX : ORDINARY FULLY PAID	342,889,208
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
ARXAD : OPTION EXPIRING 30-SEP-2025 EX $1.34	1,683,200
ARXAZ : OPTION EXPIRING 13-NOV-2027 EX NIL	1,217,610
ARXAX : OPTION EXPIRING 08-AUG-2026 EX $1.165	2,925,000
ARXAA : OPTION EXPIRING 23-JUL-2025 EX 75C	5,372,150
ARXAB : OPTION EXPIRING 01-OCT-2028 EX 10C	1,896,450
ARXAC : OPTION EXPIRING 30-NOV-2029 EX 11C	945,000
ARXAY : OPTION EXPIRING 13-NOV-2027 EX $1.165	649,695
ARXAJ : OPTION EXPIRING 30-NOV-2027 EX $1.07	20,452
ARXAE : OPTION EXPIRING 31-MAR-2026 EX $1.15	275,000
ARXAW : OPTION EXPIRING 28-JUN-2026 EX $1.06	2,295,000
ARXAF : OPTION EXPIRING 13-NOV-2027 EX $0.87	2,093,783

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

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 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? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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