CANN GROUP LIMITED — Share Issue/Capital Change 2021

Sep 6, 2021

==> picture [497 x 51] intentionally omitted <==

7 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 issued to directors under Institutional Placement Notice under section 708A(5)(e) of the Corporations Act 2001

This notice is given by Cann Group Limited ( Cann ) (ASX: CAN) under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ).

Cann today issued 3,890,912 fully paid ordinary shares ( Shares ) at an issue price of $0.275 per Share to directors of Cann, being sophisticated and professional investors, following receipt of shareholder approval pursuant to Listing Rule 10.11. The issue of these Shares is part of the institutional placement announced by Cann on 26 July 2021.

Cann gives notice that:

• (a) the Shares the subject of this notice were issued without disclosure under Part 6D.2 of the Corporations Act;

• (b) this notice is being given under section 708A(5)(e) of the Corporations Act;

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

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

Geraldine Farrell

Company Secretary Cann Group Limited

==> picture [595 x 77] intentionally omitted <==