CONICO LTD — Capital/Financing Update 2024

Jul 4, 2024

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5[th] July 2024

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The non-renounceable pro-rata Rights Issue (Rights Issue) made to shareholders of Conico Ltd (Conico) , who were on the register as at 5.00pm WST on 15[th] of April 2024, pursuant to an offer document dated Tuesday, the 9[th] of April 2024 (Offer) closed on Friday the 28[th] of June 2024.

The results of the Offer are as follows:

The results of the Offer are as follows:
	No. of NewShares	GrossProceeds ($)
Shares accepted per entitlements under the Offer	287,681,312	$287,682
Additional Subscriptions	108,700,760	$108,701
Total	396,382,072	$396,383

Accordingly, upon completion of issuing of New Shares and additional subscriptions under the Rights Issue, the amount raised will be $396,383 (before payment of expenses of the issue).

Shortfall

Pursuant to 2.12 of the Offer, the Directors reserve the right, subject to the requirements of the ASX listing rules and Corporations Law, to place the balance of the remaining 1,408,713,368 shortfall shares within three months after the closing date of the Offer at a price, being $0.001 per Share which is not less than the price at which the Shares were offered under the Offer.

Further, pursuant to a mandate letter, RM Corporate Finance Pty Ltd ( “RMCF” ) (AFSL 315235) has the first right to place the Shortfall (but is not obliged to place any or all of the Shortfall).

Jamie Scoringe

Company Secretary

Conico Ltd

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ABN 49 119 057 457 Level 15, 197 St George’s Terrace Perth, WA 6000 Australia

+61 (0)8 9282 5889 info@conico.com.au www.conico.com.au

@conico_ltd @ConicoLtd conico-limited