CARBONXT GROUP LIMITED — Capital/Financing Update 2021

Aug 30, 2021

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

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Announcement Summary

Entity name

CARBONXT GROUP LIMITED

Date of this announcement

Tuesday August 31, 2021

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 Unlisted Options 5,000,000 27/08/2021 to be confirmed

Refer to next page for full details of the announcement

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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

CARBONXT 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

ABN

Registration number

59097247464

1.3 ASX issuer code

CG1

1.4 The announcement is

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New announcement

1.5 Date of this announcement

31/8/2021

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Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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Other

Please specify

Please see the Appendix 3B issued on ASX on 17 August 2021

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

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

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

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New +securities
ASX +security code +Security description
New class - code to be confirmed Unlisted Options
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
27/8/2021
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?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
https://www.asx.com.au/asxpdf/20210817/pdf/44zcpgtqc01r93.pdf
Options Details
+Security currency Exercise price Expiry date
AUD - Australian Dollar AUD 0.24000000 27/8/2024
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
Other
Description
Each option will convert to one fully paid ordinary share
Any other information the entity wishes to provide about the +securities the subject of this notification
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The unlisted options were issued to Sixty Two Capital Pty Ltd in consideration for corporate advisory services.

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

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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

These securities were announced to the ASX in an Appendix 3B issued on 17 August 2021

Issue details

Number of +securities 5,000,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities

The unlisted options were issued to Sixty Two Capital Pty Ltd in consideration for corporate advisory services.

Purpose of the issue To pay for services rendered Additional Details

The unlisted options were issued in consideration for corporate advisory service

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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
CG1 : ORDINARY FULLY PAID	169,390,367
CG1O : OPTION EXPIRING 21-JUN-2023	13,785,250

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
CG1AK : WARRANTS	9,166,670
CG1AL : OPTION EXPIRING 13-JUL-2023 EX VAR PRICES	2,400,000
CG1AG : OPTION EXPIRING 30-NOV-2021 RESTRICTED	4,475,000
New class - code to be confirmed : Unlisted Options	5,000,000

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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? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes

5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

5,000,000 options

5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No

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