BEONIC LTD — Capital/Financing Update 2025

Oct 22, 2025

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Announcement Summary

Entity name

BEONIC LTD

Date of this announcement

Thursday October 23, 2025

The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and 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	CONVERTIBLE NOTE EXP 24M	1,540,000	21/10/2025
to be confirmed
New class - code	OPTIONS EXP 36M EX $0.30	3,208,338	21/10/2025
to be confirmed

Refer to next page for full details of the announcement

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - 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

BEONIC LTD

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

1.2 Registered number type Registration number ABN 20009264699

1.3 ASX issuer code

BEO

1.4 The announcement is

New announcement

1.5 Date of this announcement

23/10/2025

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date and Announcement Title Selected Appendix 3B to submit quotation Time request 25-Sep-2025 11:25 Update - Update - Proposed issue of A placement or other type of issue securities - BEO

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?

Yes

2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B

The issue of 730,000 Convertible Notes and 1,520,832 Attaching Options to Directors is subject to shareholder approval, for purposes of ASX Listing Rule 10.11 and Chapter 2E of the Corporations Act 2001. And the issue of 2,000,00 Convertible Notes, and 4,166,666 Attaching Options to Thorney Group and its associates is subject to shareholder approval, for the purposes of item 7 of section 611 of the Corporations Act 2001.

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B

Placement Details ASX +security code and description new unquoted class of security Date the +securities the subject of this notification were issued 21/10/2025 Any other information the entity wishes to provide about the +securities the subject of this notification CONVERTIBLE NOTE EXP 24M Issue details

Number of +securities 1,540,000 Were the +securities issued for a cash consideration? Yes In what currency was the cash consideration being What was the issue price per +security? paid? AUD - Australian Dollar AUD 1.00000000 ASX +security code and description new unquoted class of security Date the +securities the subject of this notification were issued 21/10/2025 Any other information the entity wishes to provide about the +securities the subject of this notification Attaching unlisted options expiring 36 months after issue and exercisable at $0.30 each (OPTIONS EXP 36M EX $0.30)

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Issue details

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Number of +securities

3,208,338

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

The attaching unlisted options are issued for nil consideration on the basis of one attaching option for every two shares that may be issued via the conversion of the Convertible Notes, rounded down.

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 3C - number and type of +securities the subject of this notification (new class)

ASX +security code New class - code to be confirmed +Security description CONVERTIBLE NOTE EXP 24M	ASX +security code New class - code to be confirmed +Security description CONVERTIBLE NOTE EXP 24M
+Security type ISIN code
+Convertible debt securities
Date the +securities the subject of this notification were issued
21/10/2025
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?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued. https://announcements.asx.com.au/asxpdf/20250821/pdf/06n4nhr80qbyp8.pdf
+Convertible debt securities Details
Type of +security
Convertible note or bond
+Security currency Face value	Interest rate type
AUD - Australian Dollar AUD 1.00000000	Fixed rate
Frequency of coupon/interest payments per year	First interest payment date
Semi-annual	17/5/2026
Interest rate per annum Is the interest rate per annum estimated at this time?
10.00 % No
s128F of the Income Tax Assessment Act status applicable to the +security
Not applicable
Is the +security perpetual (i.e. no maturity)?	Maturity date
No	17/11/2027
Select other feature(s) applicable to the +security
Convertible
Redeemable
Is there a first trigger date on which a right of conversion, redemption, call
or put can be exercised (whichever is first)?
No

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Details of the existing class of +security that will be issued if the securities are converted, transformed or exchanged

BEO : ORDINARY FULLY PAID

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

Issue details Number of +securities 1,540,000 ASX +security code +Security description New class - code to be confirmed OPTIONS EXP 36M EX $0.30 +Security type ISIN code Options Date the +securities the subject of this notification were issued 21/10/2025 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? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://announcements.asx.com.au/asxpdf/20250821/pdf/06n4nhr80qbyp8.pdf

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.30000000 21/10/2028 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option BEO : ORDINARY FULLY PAID Any other information the entity wishes to provide about the +securities the subject of this notification

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Issue details

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Number of +securities

3,208,338

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities of the entity will comprise:

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.

4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
BEO : ORDINARY FULLY PAID	67,595,553
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
BEOAF : PERFORMANCE RIGHTS	2,487,991
BEOAC : ORDINARY FULLY PAID EMPLOYEE	390,000
BEOAD : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	4,344,634
BEOAA : OPTION EXPIRING 18-SEP-2027 EX $0.44	12,750,091
BEOAB : OPTION EXPIRING 18-SEP-2027 EX $0.44	284,091
New class - code to be confirmed : CONVERTIBLE NOTE EXP 24M	1,540,000
New class - code to be confirmed : OPTIONS EXP 36M EX $0.30	3,208,338

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

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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