Atlantic Lithium Limited — Share Issue/Capital Change 2023

Sep 3, 2023

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

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Announcement Summary

Entity name

ATLANTIC LITHIUM LIMITED

Date of this announcement

Monday September 04, 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
New class - code	OPTIONS EXPIRING 31-AUG-2025 EX GBP 0.30	4,650,000	30/08/2023
to be confirmed

Refer to next page for full details of the announcement

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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

ATLANTIC LITHIUM 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

ACN

Registration number

127215132

1.3 ASX issuer code

A11

1.4 The announcement is

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New announcement

1.5 Date of this announcement

4/9/2023

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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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does not have an existing ASX security code ("new class")

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Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

ASX +security code +Security description New class - code to be confirmed OPTIONS EXPIRING 31-AUG-2025 EX GBP 0.30 +Security type ISIN code Options Date the +securities the subject of this notification were issued 30/8/2023 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Were any of the +securities issued to +key management personnel (KMP) or an +associate? No Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? Yes Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02625899-2A1427802?access_token=8 3ff96335c2d45a094df02a206a39ff4

Options Details

+Security currency Exercise price Expiry date GBP - Pound Sterling GBP 0.30000000 31/8/2025 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description One fully paid ordinary share (ASX:A11) 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/2924-02625899--api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02625899-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02625899--gateway/ASX/asx-research/1.0/file/2924-02625899-gateway/ASX/asx-research/1.0/file/2924-02625899--research/1.0/file/2924-02625899-research/1.0/file/2924-02625899--02625899-02625899--2A1427802?access_token=8

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/2924-02625899--api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02625899-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02625899--gateway/ASX/asx-research/1.0/file/2924-02625899-gateway/ASX/asx-research/1.0/file/2924-02625899--research/1.0/file/2924-02625899-research/1.0/file/2924-02625899--02625899-02625899--2A1427802?access_token=8 3ff96335c2d45a094df02a206a39ff4

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

Issue details

Number of +securities

4,650,000

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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)

	ssue, conversion oromprise:in these figures coquotation/issuancecurities (Total numb	payment up ofmpared to yourcurrently wither of each +cla	the +securities theown may be due tASX for processingss of +securities q	subject of this ao a matter of timin.)uoted)	pplication, the +g if there is mo	pplication, the +g if there is mo
ASX +security code and descriptionTotal number of+securities on issueA11 : ORDINARY FULLY PAID612,241,6604.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)ASX +security code and descriptionTotal number of+securities on issueA11AK : OPTION EXPIRING 31-MAR-2025 EX GBP 0.607,000,000A11AN : OPTION EXPIRING 16-MAY-2025 EX GBP 0.502,000,000A11AG : OPTION EXPIRING 23-APR-2024 EX GBP 0.708,000,000A11AH : OPTION EXPIRING 23-APR-2024 EX GBP 0.758,000,000A11AI : OPTION EXPIRING 23-APR-2024 EX GBP 0.805,000,000A11AL : OPTION EXPIRING 29-NOV-2024 EX GBP 0.602,000,000A11AM : OPTION EXPIRING 29-NOV-2024 EX GBP 0.702,000,000New class - code to be confirmed : OPTIONS EXPIRING 31-AUG-2025 EX GBP 0.304,650,000	code and descriptioY FULLY PAIDSecurities (Total nucode and descriptioN EXPIRING 31-MAN EXPIRING 16-MAN EXPIRING 23-AP	nmber of each +nR-2025 EX GBPY-2025 EX GBPR-2024 EX GBP	class of +securitie0.600.500.70	Total number of+securities on issue612,241,660s issued but not quoted on ASX)Total number of+securities on issue7,000,0002,000,0008,000,000

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

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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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