BLACK CAT SYNDICATE LIMITED — Share Issue/Capital Change 2021

Jun 17, 2021

ASX ANNOUNCEMENT 18 June 2021

Share Placement – Appendix 2A and Cleansing Notice

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SHARE PLACEMENT

APPENDIX 2A AND CLEANSING NOTICE

Black Cat Syndicate Limited (“Black Cat” or “Company”) advises of the issue of 2,104,477 ordinary fully paid shares to directors and their nominees at $0.67 per share (“Placement Shares”) following shareholder approval at a General Meeting held on 17 June 2021. The issue raises $1.41 million, pursuant to the share placement (“Placement”) announced to the ASX on 5 May 2021.

This takes the total invested by directors and their related parties to ~$5.5 million. Directors and their related parties currently hold approximately 14.8% of the Company’s issued capital. Following the Placement, Black Cat’s capital structure is as follows:

	Fully Paid
	Ordinary		Fully
	Shares	Options	Diluted
FullyPaid OrdinaryShares	140,807,811	-	140,807,811
Options@$0.20 expiring25 January2023	-	9,541,147	9,541,147
Options@$0.40 expiring25 June 2023	-	1,450,000	1,450,000
Options@$0.60 expiring2 August 2023	-	700,000	700,000
Options@$0.62 expiring18 May2024	-	250,000	250,000
Options @ $1.20 expiring 21 July 2024	-	187,500	187,500
Options @ $0.98 expiring 10 December 2024	-	625,000	625,000
Options @ $1.00 expiring 28 March 2025	-	530,000	530,000
Total Issued Capital	140,807,811	13,283,647	154,091,458

Included in the issued capital stated above are 8,417,962 ordinary fully paid shares will be released from voluntary escrow on or after 1 July 2021 (refer ASX announcement 11 June 2021).

Further details of the Placement are included in the announcement and Appendix 3B lodged with ASX on 5 May 2021.

An Appendix 2A will be lodged with ASX following this announcement in respect of the Placement Shares issued. A cleansing notice in respect of the issue of Placement Shares is also attached.

This announcement has been approved for release by the Board of Black Cat.

For further information, please contact:

Gareth Solly Managing Director

+61 458 007 713 admin@blackcatsyndicate.com.au

BLACK CAT SYNDICATE LIMITED (ASX:BC8)

Level 3, 52 Kings Park Road, West Perth WA 6005 PO Box 184, West Perth WA 6872 T: +61 458 007 713 | E: admin@blackcatsyndicate.com.au W: www.blackcatsyndicate.com.au ABN 63 620 896 282

DIRECTORS

Gareth Solly Managing Director Paul Chapman Non-Executive Chairman Philip Crutchfield Non-Executive Director Les Davis Non-Executive Director Tony Polglase Non-Executive Director

CORPORATE STRUCTURE

Ordinary shares on issue: 140.8M Market capitalisation: A$87M (Share price A$0.63) Cash (post placement): ~A$21.6M

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18 June 2021

The Manager Company Announcements Office Australian Securities Exchange 20 Bridge Street SYDNEY NSW 2000

Dear Sir or Madam

BLACK CAT SYNDICATE LIMITED SECONDARY TRADING NOTICE – NOTIFICATION PURSUANT TO PARAGRAPH 708A(5)(e) OF THE CORPORATIONS ACT 2001

This notice is given by Black Cat Syndicate Limited (ACN 620 896 282) (“Black Cat”) under Section 708A(5)(e) of the Corporations Act 2001 (Cth) (“the Act”).

Black Cat advises that it has issued on 18 June 2021 2,104,477 fully paid ordinary shares pursuant to a share placement (New Shares).

Black Cat gives notice under Section 708A(5)(e) of the Act that:

• (a) The New Shares were issued without disclosure to investors under Part 6D.2 of the Act;

• (b) As a disclosing entity, Black Cat is subject to regular reporting and disclosure obligations;

• (c) As at the date of this notice, Black Cat has complied with the provisions of Chapter 2M as they apply to Black Cat and Section 674 of the Act; and

• (d) As at the date of this notice, there is no information that is ‘excluded information’ within the meaning of Section 708A(7) and 708A(8) of the Act which is required to be disclosed by Black Cat under Section 708A(6)(e) of the Act.

Black Cat Syndicate Limited

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Dan Travers Company Secretary

BLACK CAT SYNDICATE LIMITED (ASX:BC8) Level 3, 52 Kings Park Road, West Perth WA 6005 PO Box 184, Floreat WA 6872 T: +61 458 007 713 | E: admin@blackcatsyndicate.com.au W: www.blackcatsyndicate.com.au ABN 63 620 896 282