CONNECTED MINERALS LIMITED — Share Issue/Capital Change 2021

Jul 7, 2021

Notification of Consolidation/Split

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Announcement Summary

Entity name

CONNECTED IO LIMITED

Applicable security for the reorganisation

CIOAE OPTION EXPIRING 20-DEC-2020 EX 10C CIOAD PERFORMANCE SHARES CLASS A B CIO ORDINARY FULLY PAID

Announcement Type

Update to previous announcement

Date of this announcement

8/7/2021

Reason for the Update

Consolidation or CIO securities, total number of Ordinary Shares to be consolidated on 1,066,159,324 as per Appendix 2A announcement 29 June 2021

Refer to below for full details of the announcement

Notification of Consolidation/Split

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Notification of Consolidation/Split

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Announcement Details

Part 1 - Entity and announcement details

1.1 Name of +Entity

CONNECTED IO LIMITED

1.2 Registered Number Type Registration Number ACN 009076233

1.3 ASX issuer code

CIO

1.4 The announcement is

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Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Consolidation or CIO securities, total number of Ordinary Shares to be consolidated on 1,066,159,324 as per Appendix 2A announcement 29 June 2021

1.4b Date of previous announcement(s) to this update

29/6/2021

1.5 Date of this announcement

8/7/2021

1.6 Securities affected by the consolidation or split

ASX +Security Code ASX +Security Description CIOAE OPTION EXPIRING 20-DEC-2020 EX 10C CIOAD PERFORMANCE SHARES CLASS A B CIO ORDINARY FULLY PAID

Part 2 - Approvals

2.1 Are any of the below approvals required for the consolidation or split before business day 0 of the timetable?

Notification of Consolidation/Split

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Notification of Consolidation/Split

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• Security holder approval Court approval Lodgement of court order with +ASIC ACCC approval FIRB approval

Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the consolidation or split.

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Yes

2.2 Approvals

Approval/Condition	Date for determination	Is the date estimated or	Approval
+Security holder approval	30/6/2021	actual?	received/condition met?
		Actual	Yes
Comments
Approved at General Meeting	held on 30 June 2021

Part 3 - Consolidation or split timetable and details

3.1 +Record date

7/7/2021 30/6/2021

3.2 Date of +security holder meeting

3.2a Effective date of consolidation or split

2/7/2021

3.3 Last day for trading in the pre consolidation or split +securities

5/7/2021

3.4 Trading in the post consolidation or split +securities commences on a deferred settlement basis.

6/7/2021

3.5 Record date

7/7/2021

3.6 First day for entity to update its register and to send holding statements to +security holders reflecting the change in the number of +securities they hold.

8/7/2021 3.7 Last day for entity to update its register and send holding statements to +security holders reflecting the change in the number of +securities they hold and to notify ASX that this has occurred. (+Issue Date) 14/7/2021

3.8 Trading starts on a normal T+2 basis

15/7/2021

Notification of Consolidation/Split

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Notification of Consolidation/Split

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3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis

19/7/2021

Part 4 - Event type and details

4.1 The event is

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+Security consolidation

4.1a Consolidation ratio: the +securities will be consolidated on the basis that every 10 (pre-consolidation) +securities will be consolidated into 1

(post-consolidation) +security (/ies).

4.2 Scrip fraction rounding

Fractions rounded down to the nearest whole number or fractions disregarded

Part 5 - +Securities on issue before and after consolidation or split

5.1 +Securities on issue before and after the consolidation or split

ASX +Security Code	ASX +Security Description
CIOAE	OPTION EXPIRING 20-DEC-2020 EX 10C
Quoted/unquoted	Number on issue pre	Number on issue post	Estimate/Actual
Unquoted	consolidation or split	consolidation or split	Actual
	7,500,000	750,000
ASX +Security Code	ASX +Security Description
CIOAD	PERFORMANCE SHARES CLASS A B
Quoted/unquoted	Number on issue pre	Number on issue post	Estimate/Actual
Unquoted	consolidation or split	consolidation or split	Actual
	20,000,000	2,000,000
ASX +Security Code	ASX +Security Description
CIO	ORDINARY FULLY PAID
Quoted/unquoted	Number on issue pre	Number on issue post	Estimate/Actual
Quoted	consolidation or split	consolidation or split	Actual
	533,079,662	106,615,835

5.2 Exercise price of options

Notification of Consolidation/Split

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Notification of Consolidation/Split

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ASX +Security Code	ASX +Security Description
CIOAE	OPTION EXPIRING 20-DEC-2020 EX 10C
Quoted/unquoted	Exercise price pre consolidation or	Exercise price post consolidation or
Unquoted	split	split
	0.10000000	1.00000000
ASX +Security Code	ASX +Security Description
CIOAD	PERFORMANCE SHARES CLASS A B
Quoted/unquoted	Exercise price pre consolidation or	Exercise price post consolidation or
Unquoted	split	split
	0.00000000	0.00000000

Part 6 - Further information

6.1 Further information relating to the consolidation or split

As per appendix 2A released 29 June 2021, and Changes to Securities issued on 1 July 2021, the total number of CIO Quoted Ordinary Fully Paid Shares is 1,066,159,324.

Due to rounding, post consolidated total number of CIO Quoted Ordinary Fully Paid Shares is 106,615,835.

6.2 Additional information for inclusion in the Announcement Summary

Notification of Consolidation/Split

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