COBRE LIMITED — Share Issue/Capital Change 2023

Feb 26, 2023

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

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Announcement Summary

Entity name

COBRE LIMITED

Date of this announcement

Monday February 27, 2023

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	Fully Paid Ordinary Shares escrowed until	3,001,300	24/02/2023
to be confirmed	24.02.24

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

COBRE 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

75626241067

1.3 ASX issuer code

CBE

1.4 The announcement is

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New announcement

1.5 Date of this announcement

27/2/2023

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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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Other

Please specify

Issue of securities to complete the acquisition of Triprop Holdings (Pty) Limited.

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 Fully Paid Ordinary Shares escrowed until 24.02.24
+Security type ISIN code
Ordinary fully or partly paid shares/units
Date the +securities the subject of this notification were issued
24/2/2023
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 section 11.2 of the Company's Prospectus lodged with ASX on 29 January 2020.
https://www.asx.com.au/asxpdf/20200129/pdf/44dlx1wxhg453c.pdf
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Ordinary fully or partly paid shares/units Details

+Security currency

AUD - Australian Dollar

Are there CDIs issued over the +securities? No Is it a Partly Paid class of +security? No Is it a stapled class of +security? No

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

Shares are issued in consideration to acquire the final 20% of Triprop Holdings (Pty) Limited

Please provide any further information needed to understand the circumstances in which you are notifying the

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

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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

The timing, pricing and number of securities was not known and whether the transaction would proceed until final valuation and terms were agreed

Issue details

Number of +securities

3,001,300

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Acquisition of final 20% of Triprop Holdings (Pty) Limited from non-related parties

Purpose of the issue

To pay for the acquisition of an asset

Additional Details

Acquisition of final 20% of Triprop Holdings (Pty) Limited

Name of company or asset being acquired

Triprop Holdings (Pty) Limited

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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
CBE : ORDINARY FULLY PAID	274,284,922
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
CBEAL : OPTION EXPIRING 06-APR-2026 EX $0.335	11,500,000
CBEAK : OPTION EXPIRING 24-SEP-2024 EX $0.20	12,376,500
CBEAI : OPTION EXPIRING 24-SEP-2024 RESTRICTED	237,000
CBEAN : ORDINARY FULLY PAID RESTRICTED	447,900
CBEAO : OPTION EXPIRING 08-DEC-2025 EX $0.33	1,000,000
CBEAM : OPTION EXPIRING 30-NOV-2024 EX $0.335	2,500,000
New class - code to be confirmed : Fully Paid Ordinary Shares escrowed until 24.02.24	3,001,300

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

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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?

3,001,300

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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