COMMS GROUP LTD — Capital/Financing Update 2021

Sep 22, 2021

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

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Announcement Summary

Entity name

COMMS GROUP LTD

Date of this announcement

Thursday September 23, 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 Options 7,500,000 23/09/2021 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

COMMS GROUP LTD

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

64619196539

1.3 ASX issuer code

CCG

1.4 The announcement is

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New announcement

1.5 Date of this announcement

23/9/2021

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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

Options granted as consideration to Bell Potter Securities for corporate broking services.

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 Options
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ASX +security code New class - code to be confirmed	+Security description Options
+Security type	ISIN code
Options
Date the +securities the subject of this notification were issued
23/9/2021
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

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Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
Options Details
+Security currency Exercise price Expiry date
AUD - Australian Dollar AUD 0.12000000 23/9/2024
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
Other
Description
Tr1 - 2.5m Opt vest on issue, ex price $0.12
Tr2 - 2.5m Opt vest 6 mnths after issue, ex price $0.15
Tr3 - 2.5m Opt vest 12 mnths after issue, ex price $0.20
Ex date 23/09/2024
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Any other information the entity wishes to provide about the +securities the subject of this notification

Bell Potter Securities has been appointed to provide corporate broking and other equity capital markets related services

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

N/A

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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

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Issue details

Number of +securities 2,500,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Issued as part consideration for provision of corporate broking and other equity capital markets related services Purpose of the issue To pay for services rendered Additional Details Tranche 1 Options vest on date of issue, ex price $0.12, ex date 23/09/2024 Number of +securities 2,500,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Issued as part consideration for provision of corporate broking and other equity capital markets related services Purpose of the issue To pay for services rendered Additional Details Tranche 2 Options vest 6 months after date of issue, ex price $0.15, ex date 23/09/2024 Number of +securities 2,500,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Issued as part consideration for provision of corporate broking and other equity capital markets related services Purpose of the issue To pay for services rendered

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Additional Details

Tranche 3 Options vest 12 months after date of issue, ex price $0.20, ex date 23/09/2024

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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
CCG : ORDINARY FULLY PAID	340,329,715
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
CCGAC : PERFORMANCE RIGHTS	25,500,000
New class - code to be confirmed : Options	7,500,000

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?

7,500,000

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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