BEFOREPAY GROUP LIMITED — Share Issue/Capital Change 2022

Jul 6, 2022

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

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Announcement Summary

Entity name

BEFOREPAY GROUP LIMITED

Date of this announcement

Thursday July 07, 2022

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
B4PAL	OPTION EXPIRING VARIOUS DATES EX	3,282,234	30/06/2022
	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

BEFOREPAY GROUP 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

633925505

1.3 ASX issuer code

B4P

1.4 The announcement is

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New announcement

1.5 Date of this announcement

7/7/2022

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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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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

B4PAL : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

Date the +securities the subject of this notification were issued

30/6/2022

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? Yes

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

Name of KMP	Name of registered holder	Number of +securities
Brian Charles Hartzer	Brian Charles Hartzer	83,613
Natasha Davidson	Natasha Davidson	83,613
Luke Bortoli	Luke Bortoli	83,613
Patrick Tuttle	Patrick Tuttle	83,613
Daniel Moss	Daniel Moss	83,613
Stefan Urosevic	Stefan Urosevic	83,613
James Twiss	James Twiss	2,200,000

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 https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02475324-2A1351152?access_token=8 3ff96335c2d45a094df02a206a39ff4

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

Issue of 501,678 unlisted options, exercisable at $0.3887 (38.87 cents) expiring 30 June 2027, and subject to various vesting conditions to Directors of the Company as per the Replacement Prospectus announced 13 January 2022.

Issue of 2,780,556 unlisted options, exercisable at $0.294 (29.4 cents) expiring 30 June 2027, and subject to various vesting conditions, to Employees of the Company.

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

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Issue details

Number of +securities

501,678

Number of +securities

2,780,556

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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
B4P : ORDINARY FULLY PAID	33,859,489
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
B4PAE : ORDINARY FULLY PAID RESTRICTED	969,729
B4PAF : ORDINARY FULLY PAID RESTRICTED	11,633,064
B4PAG : OPTION EXPIRING 15-SEP-2023 RESTRICTED	63,500
B4PAI : OPTION EXPIRING 30-JUN-2024 RESTRICTED	1,706,800
B4PAJ : OPTION EXPIRING 01-AUG-2026 RESTRICTED	20,000
B4PAH : OPTION EXPIRING 27-JAN-2024 RESTRICTED	41,400
B4PAK : OPTION EXPIRING 01-JUL-2031 RESTRICTED	242,200
B4PAL : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	7,547,872

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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