AURORA LABS LIMITED — Capital/Financing Update 2021

Nov 17, 2021

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

==> picture [21 x 22] intentionally omitted <==

Announcement Summary

Entity name

AURORA LABS LIMITED

Date of this announcement

Thursday November 18, 2021

The +securities the subject of this notification are: Other

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 Unlisted Options 3,000,000 18/11/2021 to be confirmed

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

1 / 7

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

==> picture [21 x 22] intentionally omitted <==

Part 1 - Entity and announcement details

1.1 Name of entity

AURORA LABS 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

ABN

Registration number

44601164505

1.3 ASX issuer code

A3D

1.4 The announcement is

==> picture [8 x 8] intentionally omitted <==

New announcement

1.5 Date of this announcement

18/11/2021

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

2 / 7

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

==> picture [21 x 22] intentionally omitted <==

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

==> picture [8 x 8] intentionally omitted <==

Other

Please specify

Issue of options to Blue Ocean Equities Pty Ltd as per Appendix 3B issued on 8 November 2021.

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

==> picture [8 x 9] intentionally omitted <==

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

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

3 / 7

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

==> picture [21 x 22] intentionally omitted <==

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

==> picture [538 x 570] intentionally omitted <==

----- Start of picture text -----

New +securities
ASX +security code +Security description
New class - code to be confirmed Unlisted Options
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
18/11/2021
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
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.
Refer Appendix 3B dated 8 November 2021
Options Details
+Security currency Exercise price Expiry date
AUD - Australian Dollar AUD 0.17250000 16/11/2024
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
Other
Description
Refer Appendix 3B dated 8 November 2021
Any other information the entity wishes to provide about the +securities the subject of this notification
Fee for Capital Raising services provided by Lead Manager to Placement, Blue Ocean Equities Pty Ltd
----- End of picture text -----

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

4 / 7

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

==> picture [21 x 22] intentionally omitted <==

Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

Proposed issue was announced to market in Appendix 3B dated 8 November 2021.

Issue details

Number of +securities 3,000,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Fee for Capital Raising services provided by Lead Manager to Placement, Blue Ocean Equities Pty Ltd Purpose of the issue To pay for services rendered Additional Details Refer Appendix 3B dated 8 November 2021

Notification of Issue, Conversion or Payment up of Unquoted 5 / 7 E it S iti

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

==> picture [21 x 22] intentionally omitted <==

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
A3D : ORDINARY FULLY PAID	178,983,427
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
A3DAM : OPTION EXPIRING 30-APR-2023 EX 14C	2,000,000
A3DAI : OPTION EXPIRING VARIOUS DATES VARIOUS PRICES	1,367,107
A3DAK : PERFORMANCE RIGHTS	970,737
A3DAO : OPTION EXPIRING 27-NOV-2023 EX $0.14	2,000,000
A3DAP : OPTION EXPIRING 27-NOV-2022 EX $0.14	2,500,000
A3DAQ : OPTION EXPIRING 21-APR-2023 EX $0.17	3,910,000
A3DAN : OPTION EXPIRING 14-AUG-2022 EX 14C	3,000,000
A3DAL : OPTION EXPIRING 25-MAR-2023 EX 14C	4,000,000
New class - code to be confirmed : Unlisted Options	3,000,000

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

6 / 7

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

==> picture [21 x 22] intentionally omitted <==

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? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes

5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

3000000

5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

7 / 7