BLACK CAT SYNDICATE LIMITED — Share Issue/Capital Change 2021

Jun 10, 2021

ASX ANNOUNCEMENT 11 June 2021

Securities Being Released from Voluntary Escrow

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Black Cat Syndicate Limited ( ‘Black Cat’ or the ‘Company’ ) advises that 8,417,962 ordinary fully paid shares will be released from voluntary escrow on or after 1 July 2021.

Following the release of the above securities from voluntary escrow, the Company will have no restricted securities on issue, and the capital structure will be as follows:

IssuedCapital	Fully Paid
	Ordinary		Fully
	Shares	Options	Diluted
FullyPaid OrdinarySharesOptions@$0.20 expiring25 January2023Options@$0.40 expiring25 June 2023Options@$0.60 expiring2 August 2023Options@$0.62 expiring18 May2024Options @ $1.20 expiring 21 July 2024Options @ $0.98 expiring 10 December 2024Options @ $1.00 expiring 28 March 2025	138,703,334-------	-9,541,1471,450,000700,000250,000187,500625,000530,000	138,703,3349,541,1471,450,000700,000250,000187,500625,000530,000
Issued Capital	138,703,334	13,283,647	151,986,981
Director placement shares to be issued subjectto shareholder approval on 17 June 2021	2,104,477	-	2,104,477
Pro Forma Issued Capital	140,807,811	13,283,647	154,091,458

This announcement has been approved for release by the Managing Director of Black Cat Syndicate Limited.

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

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

CORPORATE STRUCTURE

Ordinary shares on issue: 138.7M Market capitalisation: A$94M (Share price A$0.68) Cash (post placement): A$21.6M