CASPIN RESOURCES LIMITED — Share Issue/Capital Change 2022

Jan 27, 2022

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

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Announcement Summary

Entity name

CASPIN RESOURCES LIMITED

Date of this announcement

Friday January 28, 2022

The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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 performance rights subject to vesting	432,600	28/01/2022
to be confirmed	conditions

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

CASPIN RESOURCES 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

33641813587

1.3 ASX issuer code

CPN

1.4 The announcement is

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New announcement

1.5 Date of this announcement

28/1/2022

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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 securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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

ASX +security code +Security description New class - code to be confirmed Unlisted performance rights subject to vesting conditions +Security type ISIN code Other

Date the +securities the subject of this notification were issued 28/1/2022

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Gregory Miles	Gregory James and Louise Anne Milesas trustee for Glamro Trust	250,000

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

Refer to ASX announcement dated 28 January 2022 for details of performance rights and vesting conditions issued to CEO, Gregory Miles & other employees; and Copy of Employee Incentive Plan lodged 23 November 2020: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02312222-6A1008442?access_token=8 3ff96335c2d45a094df02a206a39ff4

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02312222-6A1008442?access_token=8 3ff96335c2d45a094df02a206a39ff4

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

The Performance Rights issued to the CEO and other employees are subject to vesting conditions. The Performance Rights will vest subject to a timeframe vesting condition and/or share a price vesting condition being achieved.

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Issue details

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Number of +securities

432,600

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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
CPN : ORDINARY FULLY PAID	69,820,710

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
CPNAE : PERFORMANCE RIGHTS	992,750
CPNAD : ORDINARY FULLY PAID RESTRICTED	4,920,000
CPNAA : OPTION EXPIRING 19-NOV-2025 RESTRICTED	2,500,000
CPNAB : OPTION EXPIRING 23-NOV-2025 RESTRICTED	2,000,000
New class - code to be confirmed : Unlisted performance rights subject to vesting conditions	432,600

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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? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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