CANN GROUP LIMITED — Share Issue/Capital Change 2022

Jun 22, 2022

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

CANN GROUP LIMITED

Date of this announcement

Thursday June 23, 2022

The +securities the subject of this notification are:

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Unquoted options that have been exercised or other unquoted +convertible securities that have been converted

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
CANAG	ORDINARY FULLY PAID	1,830,000	22/06/2022

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

CANN GROUP LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ACN

Registration number

603949739

1.3 ASX issuer code

CAN

1.4 The announcement is

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New announcement

1.5 Date of this announcement

23/6/2022

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

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Unquoted options that have been exercised or other unquoted +convertible securities that have been converted

2.2b The +securities being issued, transferred or re-classified as a result of the options being exercised or other +convertible securities being converted are:

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in a class which is not quoted on ASX but which has an existing ASX security code ("existing class")

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by:

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An issue of new +securities

The underlying securities being received by the holder are: Are not, and are not intended to be, quoted by ASX

Existing +securities converting into an existing class

FROM (Existing Class) ASX +Security code and description CANAC : PERFORMANCE RIGHTS

TO (Existing Class)
ASX +Security code and description
CANAG : ORDINARY FULLY PAID
Please state the number of options	The first date the options were	The last date the options were
that were exercised or other	exercised or other +convertible	exercised or other +convertible
+convertible securities that were	securities were converted	securities were converted
converted		22/6/2022
1,830,000

Is this all of the options or other +convertible securities on issue of that type? No

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme?

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Yes

Are any of the options being exercised or other +convertible securities being converted held by +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or associates who are exercising options or converting convertible securities.

Name of KMP	Name of registered holder	Number of +securities
Peter Crock	Same	1,200,000
Shane Duncan	Same	100,000
Geoff Aldred	Same	100,000
Geraldine Farrell	Same	100,000

Date the +securities the subject of this notification were issued/transferred 22/6/2022

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Will the +securities rank equally in all respects from their issue date with the existing issued +securities in that class?

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Yes

Any other information the entity wishes to provide about the +securities the subject of this notification

The plan shares are being issued pursuant to the Company's Long Term Incentive Plan, details of which are set out at page 21 of the Company's Notice of AGM dated 22 October 2020 (https://investors.canngrouplimited.com/DownloadFile.a xd?file=/Report/ComNews/20201022/02297115.pdf.)

The plan shares are issued as ordinary shares, but are subject to transfer conditions restricting their transfer for a period of two years from their date of issue or until the date that the employee ceases to be employed by the Company.

Issue details

Number of +securities

1,830,000

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
CAN : ORDINARY FULLY PAID	349,123,525
4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
CANAC : PERFORMANCE RIGHTS	1,846,362
CANAG : ORDINARY FULLY PAID	1,930,000

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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