Blis Technologies Limited — Share Issue/Capital Change 2021

Sep 14, 2021

Capital Change Notice

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Section 1: Issuer information
Name of issuer	Blis Technologies Limited
NZX ticker code	BLT
Class of financial product	Options to acquire ordinaryshares
ISIN (If unknown, check on NZX website)	NZBLTE0002S8
Currency	NZD
Section 2: Capital change details
Number issued/acquired/redeemed	3,270,000 options (convertibleinto ordinary shares on a 1:1ratio)
Nominal value (if any)	N/A
Issue/acquisition/redemption price per security	No amount is payable for theoptions. The options have anexercise price of $0.072 pershare.
Nature of the payment (for example, cash or otherconsideration)	Non-cash consideration forservices provided by theholders of the options, beingmembers of BLT's seniormanagement team.
Amount paid up (if not in full)	N/A
Percentage of total class of Financial Productsissued/acquired/redeemed/ (calculated on the number ofFinancial Products of the Class, excluding any Treasury Stock,in existence)	If on vesting, all options areexercised, 0.2567% of theordinary shares in BLT (basedon the number of ordinaryshares currently on issue).
For an issue of Convertible Financial Products or Options, theprincipal terms of Conversion (for example the Conversionprice and Conversion date and the ranking of the FinancialProduct in relation to other Classes of Financial Product) or theOption (for example, the exercise price and exercise date)	The holder's options will vest inthree years on theachievement of certainfinancial conditions being metand the continuousemployment of each optionholder.
Reason for issue/acquisition/redemption and specific authorityfor issue/acquisition/redemption/ (the reason for change mustbe identified here)	Issue of options for retentionand incentivising the seniormanagement team.
Total number of Financial Products of the Class after theissue/acquisition/redemption/Conversion (excluding TreasuryStock) and the total number of Financial Products of the Classheld as Treasury Stock after the issue/acquisition/redemption.	5,944,000 options1,273,801,599 ordinary shares
In the case of an acquisition of shares, whether those sharesare to be held as treasury stock	N/A

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Specific authority for the issue, acquisition, or redemption,including a reference to the rule pursuant to which the issue,acquisition, or redemption is made	Directors' resolution dated 10September 2021 approvingissue under Listing Rule 4.6.1
Terms or details of the issue, acquisition, or redemption (forexample: restrictions, escrow arrangements)	Options are issued on theterms of the directors'resolution. They do not vestfor 3 years and only on certainconditions being met.
Date of issue/acquisition/redemption	10 September 2021
Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement	Richard Wingham (CFO, BLT)
Contact person for this announcement	Richard Wingham (CFO, BLT)
Contact phone number	021 284 0446
Contact email address	richard.wingham@blis.co.nz
Date of release through MAP	14 September 2021

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