ASTRAL RESOURCES NL — Share Issue/Capital Change 2021

Nov 18, 2021

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

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Announcement Summary

Entity name

ANGLO AUSTRALIAN RESOURCES NL

Date of this announcement

Friday November 19, 2021

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
AARAI	OPTION EXPIRING VARIOUS DATES EX	3,000,000	19/11/2021
	VARIOUS PRICES

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

ANGLO AUSTRALIAN RESOURCES NL

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ABN

Registration number

24651541976

1.3 ASX issuer code

AAR

1.4 The announcement is

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New announcement

1.5 Date of this announcement

19/11/2021

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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")

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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

AARAI : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

Date the +securities the subject of this notification were issued

19/11/2021

Will these +securities 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 equally (non-ranking end date) known? No

Provide the estimated non-ranking end period

The unquoted options will only rank equally upon exercise and conversion to ordinary shares, or or before the expiry date (19 November 2023).

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

Upon conversion to ordinary fully paid shares, the shares will rank equally in all respects with the existing class of quoted ordinary securities.

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Mr Justin Osborne	Janet Tunjic Pty Ltd	3,000,000
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

The Options shall expire at 5:00pm WST on 19 November 2023 (the Expiry Date). The exercise price of the Options is $0.119 per Option (the Exercise Price). All other terms and conditions is as per the Employee Incentive Plan approved at the Company¿s General Meeting held on 16 June 2020, as summarised in the Notice of General Meeting dated 11 May 2020. URL link here: https://www.asx.com.au/asxpdf/20200514/pdf/44htrp1hmp1pjg.pdf

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

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

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Issue details

Number of +securities

3,000,000

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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
AAR : ORDINARY FULLY PAID	596,179,239
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
AARAI : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	8,500,000
AARAJ : PERFOMANCE RIGHTS	16,507,649
AARAK : OPTION EXPIRING 07-OCT-2022 EX $0.213	2,000,000
AARAM : OPTION EXPIRING 31-DEC-2022 EX $0.34	6,000,000

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

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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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