CONICO LTD — Capital/Financing Update 2025

Jul 22, 2025

Appendix 3B - Proposed issue of securities

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Cancellation Summary Entity name CONICO LTD Announcement Type Cancellation of previous announcement Date of this announcement 23/7/2025 Reason for cancellation of previous announcement Timetable for the proposed security issues to be updated in a subsequent ASX announcement Refer to next page for full details of the announcement

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

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Part 1 - Entity and announcement details

1.1 Name of +Entity

CONICO LTD

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

1.2 Registered Number Type

Registration Number

ABN 49119057457

1.3 ASX issuer code

CNJ

1.4 The announcement is

Cancellation of previous announcement

1.4c Reason for cancellation of previous announcement

Timetable for the proposed security issues to be updated in a subsequent ASX announcement

1.4d Date of previous announcement to this cancellation

6/6/2025

1.5 Date of this announcement

23/7/2025

1.6 The Proposed issue is:

A placement or other type of issue

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Appendix 3B - Proposed issue of securities

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Part 7 - Details of proposed placement or other issue

Part 7A - Conditions

7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis? Yes 7A.1a Conditions Approval/Condition Date for determination Is the date estimated or ** Approval actual? received/condition met? +Security holder approval 18/7/2025 Estimated

Comments

Part 7B - Issue details

Is the proposed security a 'New Will the proposed issue of this class' (+securities in a class that is +security include an offer of not yet quoted or recorded by ASX) attaching +securities? or an 'Existing class' (additional No securities in a class that is already quoted or recorded by ASX)? Existing class

Details of +securities proposed to be issued

ASX +security code and description

CNJ : ORDINARY FULLY PAID

Number of +securities proposed to be issued

905,440,665

Offer price details

Are the +securities proposed to be issued being issued for a cash consideration? No

Please describe the consideration being provided for the +securities

Settlement of converting loans at face value of $900,000 plus estimated accrued interest as detailed in ASX announcement dated 6 June 2025

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 905,441.000000

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Appendix 3B - Proposed issue of securities

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Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

Is the proposed security a 'New Will the proposed issue of this class' (+securities in a class that is +security include an offer of not yet quoted or recorded by ASX) attaching +securities? or an 'Existing class' (additional No securities in a class that is already quoted or recorded by ASX)? Existing class

Details of +securities proposed to be issued

ASX +security code and description

CNJ : ORDINARY FULLY PAID

Number of +securities proposed to be issued

54,000,000

Offer price details Are the +securities proposed to be issued being issued for a cash consideration? No Please describe the consideration being provided for the +securities

Shares in lieu of cash for lead manager and broker services in relation to the Converting Loan raise at 6% of funds raised

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 54,000.000000 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Is the proposed security a 'New Will the proposed issue of this class' (+securities in a class that is +security include an offer of not yet quoted or recorded by ASX) attaching +securities? or an 'Existing class' (additional No securities in a class that is already quoted or recorded by ASX)? Existing class

Details of +securities proposed to be issued

ASX +security code and description

CNJ : ORDINARY FULLY PAID

Number of +securities proposed to be issued

105,552,000

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Appendix 3B - Proposed issue of securities

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Offer price details

Are the +securities proposed to be issued being issued for a cash consideration? No

Please describe the consideration being provided for the +securities

Settlement of outstanding director fees and advisory fees to RM Corporate Finance as detailed in ASX announcement dated 6 June 2025

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 105,552.000000

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Existing class

Will the proposed issue of this +security include an offer of attaching +securities? No

Details of +securities proposed to be issued

ASX +security code and description

CNJ : ORDINARY FULLY PAID

Number of +securities proposed to be issued

150,000,000

Offer price details

Are the +securities proposed to be issued being issued for a cash consideration? No

Please describe the consideration being provided for the +securities

Fee for services of an independent advisor in negotiating the legal settlement with Cartwright as detailed in ASX announcement dated 6 June 2025

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 150,000.000000

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX)

Will the proposed issue of this +security include an offer of attaching +securities?

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Appendix 3B - Proposed issue of securities

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or an 'Existing class' (additional No securities in a class that is already quoted or recorded by ASX)? New class

Details of +securities proposed to be issued

ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs
issued over them)
Have you received confirmation from Will the entity be seeking quotation
ASX that the terms of the proposed of the 'new' class of +securities on
+securities are appropriate and ASX?
equitable under listing rule 6.1? No
No
ASX +security code New class-code to be confirmed +Security description Unlisted options exercisable at $0.002 each, expiring 30 November 2029
+Security type
Options
Number of +securities proposed to be issued
400,000,000
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
No
Please describe the consideration being provided for the +securities
Lead manager services from RM Corporate Finance in relation to the Converting Loan raising
Please provide an estimate of the AUD equivalent of the consideration being
provided for the +securities
20,000.000000
Will all the +securities issued in this class rank equally in all respects from
their issue date?
Yes
Options details
+Security currency Exercise price	Expiry date
AUD - Australian Dollar AUD 0.0020	30/11/2029
Details of the type of +security that will be issued if the option is exercised
CNJ : ORDINARY FULLY PAID
Number of securities that will be issued if the option is exercised
400,000,000 fully paid ordinary shares (pre-Consolidation)
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities

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Appendix 3B - Proposed issue of securities

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proposed to be issued or provide the information by separate announcement.

To be detailed in Notice of Meeting to seek approval to issue

Part 7C - Timetable

7C.1 Proposed +issue date

18/7/2025

Part 7D - Listing Rule requirements

7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? No

7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? No

7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No

7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? Yes

7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No

7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? Yes

7D.4a Please enter the number and +class of the +securities subject to +voluntary escrow and the date from which they will cease to be subject to +voluntary escrow

All securities will be escrowed until the date the Company lodges a Prospectus and opens a cleansing offer to enable secondary trading, on or about 7 August 2025

Part 7E - Fees and expenses

7E.1 Will there be a lead manager or broker to the proposed issue? Yes

7E.1a Who is the lead manager/broker?

RM Corporate Finance Pty Ltd is lead manager and broker to the Converting Loan raising

7E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker?

6% of the amount raised in Converting Loans, which is to be settled in shares at a price of $0.001 per share subject to shareholder approval. Further, issue of 400 million unlisted options over shares (pre-Consolidation), exercisable at $0.002 each (pre Consolidation) and expiring 30 November 2029 subject to shareholder approval

7E.2 Is the proposed issue to be underwritten? No

7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue

As detailed above.

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Appendix 3B - Proposed issue of securities

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Part 7F - Further Information

7F.01 The purpose(s) for which the entity is issuing the securities

As detailed in accompanying ASX announcement.

7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No

7F.2 Any other information the entity wishes to provide about the proposed issue

7F.3 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a +disclosure document or +PDS involving the same class of securities as the +securities proposed to be issued that meets the requirements of section 708A(11) or 1012DA(11)

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