CANN GROUP LIMITED — Capital/Financing Update 2021

Sep 12, 2021

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13 September 2021

ASX Market Announcements Office ASX Limited Level 4, North Tower Rialto Building 525 Collins Street Melbourne VIC 3000

Attention: Ms Melissa Kostopoulos

Dear Melissa

Shares to be issued under Share Purchase Plan (SPP) Notice in accordance with ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547

This notice is given by Cann Group Limited (ASX 603 949 739) ( Issuer ) in accordance with ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547 ( Instrument ).

The Issuer intends to issue up to approximately 36,363,636 fully paid ordinary shares ( Shares ) at an issue price of $0.275 per Share to eligible shareholders under the SPP offer announced by the Issuer on 7 September 2021, in respect of which offers will be dispatched today.

The Issuer advises that:

• (a) the Shares the subject of this notice will be issued under a share purchase plan without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (Cth) ( Corporations Act );

• (b) this notice is being given in accordance with the Instrument;

• (c) as at the date of this notice, the Issuer has complied with:

  • (i) the provisions of Chapter 2M of the Corporations Act as they apply to the Issuer; and

  • (ii) section 674 of the Corporations Act;

• (d) as at the date of this notice, there is no information that is “excluded information” within the meanings of sections 708A(7) or 708A(8) of the Corporations Act.

Yours sincerely

Kind regards,

Geraldine Farrell

Company Secretary Cann Group Limited

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