CANN GROUP LIMITED — Share Issue/Capital Change 2024

Nov 14, 2024

Appendix 3G - 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

Friday November 15, 2024

The +securities the subject of this notification are: Other

Total number of +securities to be issued/transferred

Total number of ASX +security +securities to be code Security description issued/transferred Issue date New class - code OPTION (NED) EXPIRING 31-OCT-2029 EX$0.08 1,200,000 13/11/2024 to be confirmed

Refer to next page for full details of the announcement

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - 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 Registration number ACN 603949739

1.3 ASX issuer code

CAN

1.4 The announcement is

New announcement

1.5 Date of this announcement

15/11/2024

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - 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:

Other

Please specify

Unquoted options issued to Non-executive Directors per approvals obtained at AGM on 6 Nov 2024.

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

does not have an existing ASX security code ("new class")

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 3C - number and type of +securities the subject of this notification (new class)

New +securities

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ASX +security code +Security description
New class - code to be confirmed OPTION (NED) EXPIRING 31-OCT-2029 EX$0.08
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
13/11/2024
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
listing rule 6.1?
Yes
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
-
Refer to Resolution 4, 5 and 6 within Notice of Annual General Meeting, dated 3 Oct 2024 with URL https://cdn api.markit
digital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02861979-3A652263
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Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.08000000 31/10/2029

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

CAN : ORDINARY FULLY PAID

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

The issue of options to Non-executive Directors per Resolution 4, 5 and 6 of the Annual General Meeting of the Company, held on 6 November 2024.

Options will vest in three equal tranches on 1 Nov 2025, 1 Nov 2026 and 1 Nov 2027.

Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

• Refer to Resolution 4, 5 and 6 within Notice of Annual General Meeting, dated 3 Oct 2024 with URL https://cdn api.markit digital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02861979-3A652263

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Issue details

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Number of +securities

600,000

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Nil

Purpose of the issue

To pay for services rendered

Additional Details

Issue of options to Dr Julian Chick (or nominee) per resolution 4 of AGM held on 6 November 2024.

Number of +securities

300,000

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Nil

Purpose of the issue

To pay for services rendered

Additional Details

Issue of options to Mr Doug Rathbone (or nominee) per resolution 5 of AGM held on 6 November 2024.

Number of +securities

300,000

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Nil

Purpose of the issue

To pay for services rendered

Additional Details

Issue of options to Mr Robert Barnes (or nominee) per resolution 6 of AGM held on 6 November 2024.

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Appendix 3G - 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 notification, the +securities of the entity will comprise:

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.

4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
CAN : ORDINARY FULLY PAID	479,416,245
CANN : ORDINARY FULLY PAID DEFERRED	156,312,161

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
CANAK : OPTION EXPIRING 01-FEB-2025 EX $0.22	18,569,840
CANAL : CONVERTIBLE NOTES	536,963
CANAN : OPTION EXPIRING 02-DEC-2026 DEFERRED	52,104,054
CANAC : PERFORMANCE RIGHTS	1,430,352
CANAH : OPTION EXPIRING 09-FEB-2028 EX VARIOUS	1,500,000
CANAG : ORDINARY FULLY PAID	270,000
CANAO : OPTION EXPIRING 11-NOV-2026 EX $0.225	13,471,734
CANAI : OPTION EXPIRING 04-APR-2028 EX $0.22	1,220,000
New class - code to be confirmed : OPTION (NED) EXPIRING 31-OCT-2029 EX$0.08	1,200,000

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

6/11/2024

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