DALAROO METALS LTD — Capital/Financing Update 2022

May 23, 2022

ASX Announcement: (ASX:DAt) 24 May 2022

APPENDIX 24 - SECURITIES RELEASED FROM ESCROW

Please see the attached Appendix 2A in respect of the release from escrow of securities of the Company.

Please refer to the ASX announcement dated 16 May 2OZ2 regarding the securities being released from ASX escrow pursuant to this notice.

This announcement was authorised for release to ASX by the Board of Dalaroo Metals Ltd

For more information about Dalaroo Metals Ltd and its projects please visit our web site at www.dalaroometals.com.au

David Peterson Company Secretary

Appendix 2A

Application for quotation of +securities

lnformation or documents not available now must be given fo ASX as soon as available. lnformation and documents given to ASX become ASX'y propefty and may be made public.

lf you are an entity incotporated outside Australia and you are seeking quotation of a new class of +securities other than CDls, you will need to obtain and provide an lnternational Securities ldentification Number (lSlN) for that class. Fufther information on the requirement for the notification of an lSlN is available trom the Create Online Forms page. ASX is unable to create the new lSlN for non-Australian bsuers.

'Denotes minimum information required for first lodgement of this form, with exceptions provided in specffic notes for ceftain questions. The balance of the information, where applicable, must be provided as soon as reasonably practicable by the entity.

Part 1 - Entity and announcement details

Ouestion no	Question	Answer
1 1	*Name of entity We (the entity here named) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.l	Dalaroo Metal Ltd
1.2	*Registration type and number Please supply your ABN, ARSIV, ARar'/, ACN or another registratbn type and number (if you supply anothet registration type, please speci{y both the type of registration and the registration numbe).	ABN 23 648 476 699
t.J	*ASX issuer code	DAL
1.4	*This announcement is Tick whichever is applicabte.	X A new announcement E An update/amendment to a previous announcement E A cancellation of a previous announcement
1 .4a	*Reason for update Answet this question it your response to Q 1.4 is an update/amendment to previous announcement.	N/a
1 .4b	*Date of previous announcement to this update Answerthis question if your rcsponse to Q 1.4 is an update/amendment to prcvious announcement.	N/a
1 .4c	*Reason for cancellation Answet this question if you response to Q 1.4 is "A cencellation ot a prcvious announcement"	N/a

Appendix 2A of the Listing Rules includes a wa.ranty that an offer of the securities lor sale within 12 months after their issue will not require disclosure under section 707(3) or 1012C(6) of the Corporations Ac1. l, you are in any doubt as to the application of, or the entity's capacity to give, this warranty, please see ASIC Regulatory Guide 173 Drsclosurc for on-sale of securities and other linancial products atd consull your legal adviser.

1 .4d	*Date of previous announcement to this cancellation	N/a
	Answer this question if your response to Q 1.4 is "A cancellation of a prcvious announcemenl
	*Date of this announcement	24 May 2022

Parl2 - Type of issue

Question No.	Question	Answer
2.'l	tThe +securities to be quoted are: Select whichever item is applicable. lf you wish to apply for quotation of different types of r'ssues ofsecurfies, please complete a separate Appendix 2A tor each o/pe of,ssue.	tr +Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B
		tr +Securities issued under a +dividend or distribution plan
		tr +Securities issued, transferred or re classified as a result of options being exercised or other +convertible securities being converted
		tr Unquoted partly paid +securities that have been fully paid up and are now to become quoted fully paid +securities
		Note: there is no need lo apply for quotation of the tully paid secuities if the padly paid securities were already quoted
		X +Restricted securities where the escrow period has expired or is about to expire
		E +Securities previously issued under an +employee incentive scheme where the restrictions on transfer have ceased or are about to cease
		E +Securities issued under an +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer
		tr Other lplease speciryl
		lf you have selected 'othef please explain the circufisldnces of the issue here:
2.1a	"Have the +securities to be quoted been issued yet?	Yes
2.1a.1	*\Mat was their date of issue? Answer this question il your response to Q2.1a is "Yes".	24 May 2021
2.1a.2	'\Mat is their proposed date of issue?	N/a
	Answet this question if you response to Q2- 1 a is 'No"
2.2a.1	*Date of Appendix 38 notirying the market of the proposed issue of +securities for which quotation is now being sought	N/a
	Answer this questbn if your rcsponse to Q2.1 is 'Securfies ,bsued as pai of a trcnsaction ot transaclions prcviously announced to the matuet in an Appendix 38"

2.2a.2	*Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B? Answer lhis question if your response to Q2.1 is "Secu.,lies issued as part of a tranaaction or	N/a
2.2a.2.1	transactions previoualy announced to the mdrket in an Appendix 38". *Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B Answor this question it your bsponse to Q2.1 is "Securlies issued as paft gf a transaction ot ttansaclions Wviously announced to the market in an Appendix 38" and your rcsponse to Q2.2a.2 is'Yes". Please provide details of the proposed dates and	N/a
	numbet of secuities fot the futther issues. This may be lhe case, for example, it the Awendix 38 related to an accelerated prc rala offer with an institutional component being quoted on one date dnd a retail component being quoted on a later date.
2.2b.1	Date of Appendix 3A.1 lodged with ASX in relation to the underlying +dividend or distribution Answet this question if yow reaponse to Q2.1 is "Securftrbs issued urder a dividend or distibution plan".	N/a
2.2c.1	Please state the number and type of options that were exercised or other +convertible securities that were converted (including their ASX security code) Answer this question if your response to Q2. 1 is "Secufltas issued, transfered or rc-classified as a result of options being exercised or other conveftible	N/a
2.2c.2	secuities be i ng conve ied". And the date the options were exercised or other +convertible securities were converted Answer this question if your rcsponse to Q2.1 is 'Securirbs ,5sue4 transfefied or re-classified as a rcsult of options being exercised ot olher conveiible secudtie s be i ng conve fted". Note: lf this @cuied over a range of dates, enter the fi s,t date and last date of the pedd in whd the options werc exercised or convettible securities were converted.	N/a
2.2c.3	ls this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? Answet this question if you response to Q2. 1 is 'SecuriIles ,ssua4 transfened or rc-classified as a rcsult of options being exercised or other @nveftible securities be i ng conveied'.	N/a Note: lf you have answeed "No", conaidet whether you need to lodge an Aqendix 3H with ASX notifying ASX ol the cessation ol some ot all ol the remaning oplions or olher conveftible secuities undet Listing Rule 3.10.E. This may tt]F- case, for example, if options have lapsed because they have passed their expiry date without being exercised, or convettible debt securities have been rcpaid or rcdeemed without being convefted.
2.2c.4	The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfled by Answet this question if your response to Q2.1 is 'Securlies ,ssuad, transfened or re-classified as a result of options being exercised or othet conveftible secutitie s being convetled".	D An issue of new +securities tr A transfer of existing +securities E A reclassification of the +convertible securities as securities in the same class as the +underlying securities

2.2c.5 2.2c.6	The underlying securities being received by the holder are: Answet this question if you response to Q2.1 is "Secur'ties issu64 ,ra nsferred ot rc-c,lassified as a result of options being exercised or other conveftible securities being conveied". Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? Answer this question tf your response to Q2. l is 'Secutities issued, trunsJeffed or rc-classified as a rcsalt of options beidg ererci.*d of o,her cohvenible ftca.riries being		! by ASX quoted by ASX N/a	tr Already quoted by ASX lntended to be, but are not yet, quoted tr Are not, and are not intended to be,
2.2c.7	*Are any of the options being exercised or other +convertible securities being converted held by +kgy management personnel (KMP) or an +associate? An\$vet this question dyour rcsponse to Q2.1 is Secu ties issued, trunsfefted or re-classfred as a rcsult of options beingexercised or othq convertible securities being conve/ted" and youl rewnse to Q2.2c.6 is "Yes"-		N/a
2.2c.7.a	*Provide details ofthe KMP or +associates who are exercising options or converting convertible securities. Answer this question if your response to Q2.1 ,:s "Securrf/bs issue4 hansfened ot re-classified as a result ol othet convetlible secudties are heb by the KMP, repeat the name of the KMP or insei "Same" in "Name of registered holdef'. lf the options ot other conveftible secudties are held by an associate of a KMP, inseft the name of the associate in 'Name ot registercd holdel'.			options being exercised or other conveftible secuities being conveied", you response to Q2.2c.6 is 'Yes" and your response to Q2.2c.7 is "Yes". Repeat the detail in the table below fot each KMP involved. lf the options or
	Name of KMP [200 chatwters] N/d	Name of registered holder [200 charccters]		Number of options being exercised or other +convertible securities being converted [1 6 characlers]
2.2d.1	Please state the number and type of unquoted partly paid +securities (including their ASX security code) that have been fully paid up and that are now to become quoted on ASX Answet this question if yout response to Q2.1 is "Parlly paid sacuities that have been fully paid up and arc now to become quoted fully paid securities".		N/a
2.2d.2	And the date the *securities were fully paid up Answer this question if your Esponse to Q2.1 is "Panly paid securities that have been fu y paid up and are now to become quoted lully paid secudties". Note: lf this occured ovet a range of dates, enter the date the last of the secudties was lully paid up.		N/a

2.2d.3	ls this all of the partly paid +securlties on issue of that type (ie have all of those partly paid securities now been fully paid up)? Answet this question il your rcsponse to Q2. 1 is "Unquoted padly paid secutities that have been fully paid up and arc now to become quoted fully paid secunties".	Yes or No N/a Note: lf you have answered "No", consider whethet you need to lodge an Appendix 3H with ASX notilying ASX offhe cessatio, of some ot all of the remaining patlly paid secuities undet Listing Rule 3.10.E. This may the case, for example, if padly paid securities that have not had the call paid by the due date will be cancelled. lf you are an NL company, consider also whethet you heve notificetion obligations in relation to any foieiture of the paftly paid secuities not paid up under Listing Rule 3.12.
2.2e.1	Please state the number and type of +restricted securities (including their ASX security code) where the escrow period has expired or is about to expire Answer this question if your rcsponse to Q2- 1 is 'Restricted secuities wherc the escaw peiN has expired or is about to expire".	900,000 ordinary fully paid shares (DAL)
2.2e.2	And the date the escrow restrictions have ceased or will cease Answer this question if you response to Q2-1 is 'Restticted secuities where the esdow peiod has expired ot is about to expire". Note: ff this @urred over a nnge of dates, enter the date the last of the e&row restictions has ceased or willcease	24 May 2022
2.2t.1	Please state the number and type of +securities (including their ASX security code) previously issued under the +employee incentive scheme where the restrictions on transfer have ceased or are about to cease Answer this question if your response to Q2.1 is "Secuities prcviously i\$ued under an employee incentive scheme where the resttbtions on transfer have ceased or arc about to cease".	N/a
2.21.2	And the date the restrictions on transfer have ceased or will cease: Answer this question it yow reso€nse to Q2. 1 is "Secuitbs previously issued under an empbyee incentive schene where the restictions on transfer have ceased or arc about to caase'l Note: lf this oc:cured over a nnge of dates, enter the date the last of the restdctiors o, barsfel has ceasgd ot will cease.	N/a
2.29.1	Please state the number and type of +securities (including their ASX security code) issued under the +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer Answer this question if your response to Q2- 1 is "Securities issued under an employee incentive scheme that are not subject to a restdction on translet ot that arc to be quoted nolwithstanding there is a rc stdction on tra nsfef '.	N/a

2.29.2	*Please attach a document or provide details of a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms. Answer this question if you response to Q2. 1 is 'Secuities issued under an employee incenlive scheme that are not subject to a restriction on trensfer or that arc to be quoted notwithstanding there is a restiction on tnnsfel.		N/a
2.29.3	"Are any of these +securities being issued to +key management personnel (KMP) or an +associate Answer this question if you rcsponse to Q2. 1 is 'Securrlies issued under an employee incentive scheme lhat are not subject to a rcstdction on transfer or that arc to be quoted notwithstanding there is a re striction on tra nsfe/'.		N/a
2.29.3.a	"Provide details of the KMP or +associates being issued +securities. Egistered holdef'.			Answer this question if your response to Q2.1 rs 'Securlies issued undet an employee incentive scheme that are not subject to a rcstiction on transfer or that are to be quoted notwithstanding there is a restiction on transfef' and your rcsponse to Q2.29.3 is "Yes". Repeat the detail in the table below for each KMP involved in the issue. lf lhe secuities are being issued to the KMP, rcpeat the name of the KMP or insei'Same" in "Name of registered holdel'. lf the secuities are being issued to an associate of a KMP, insed the nane of the associate in "Name of
	Name of KMP	Name of registered holder		Number of +securities
	[20O characters]	[200 characters]		[1 6 characters]
	N/a
2.2h.1	Were the +securities issued for a cash consideration? Answer this queion if your F-sponse to Q2.1 is 'Othef'. lf the secuities arc being issued for nil cash consideration, answq this question "l'1o".		N/a
2.2h.1 a	*ln what currency was the cash consideration paid? Answer this question if your response to Q2.1 is "Othe/' and your response to Q2.2h.1 is "Yes'- Fot exanple, if the consideration is being paid in Australian DollaE, state AUD.		N/a
2.2h.1.b	'What was the issue price per +security Answet this question if you response to Q2.1 is 'Othef'and you response to Q2.2h.1 is "Yes", and by reference to the issue cwrcncy pavided in yout response to Q2.2h.1.a. Note: you cannot enter a nil amount here- lf the secun bs arE beri.,g ,'ssued for nil cash considerction, answer Q2.2h.1 as'l,to" and complete Q2.2h.1.c.		N/a
2.2h.1.c	Please describe the consideration provided for the +securities		N/a
	Answer this question il your response to Q2. 1 is "Othef'and your response to Q2.2h.1 is "No'-
2.2h.1.d	Please provide an estimate (in AUD) of the value of the consideration provided per +security for the +securities to be quoted Answer lhis question if your response to Q2. 1 is "Othei and you response to Q2.2h.1 is'l,to'.		N/a

Application for quotation of +securities

2.2h.2	-The purpose(s) for which the entity is issuing the +securities is: Answer this question if your response to Q2.1 is "Othel'. You may select one \$ morc of the items in the list.	tr To raise additional workrng capital ! To fund the retirement of debt tr To pay for the acquisition of an asset lprovide details belowl n To pay for services rendered lprovide details belowl tr Other lprovde details belowj Additional details
2.2h.3	*Please provide any further information needed to understand the circumstances in which you are applying to have these +securities quoted on ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B You must answerthis question ifyour response to Q2.1 is'Othe/'. lf there is no other inlomation to provide, please answer "l,tot applicable" or "MA'.	N/a
2.2i	*Have these +securities been offered under a +disclosure document or +PDS? Answer this question if your response to Q2.1 is "othe/'.	N/a
2.2i.1	*Date of +disclosure document or +PDS? Answer this question if your response to Q21 is "Othe/' and WU response to Q2.2i is 'Yes". Under the CotpoQtions Act, the entity must apply for quotation of the secuities within 7 days of the date ol the disclosub documonl or PDS.	N/a

	*Any on-sale of the +securities to be quoted 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:		n The publication of a +disclosure document or +PDS for the +securities to be quoted
			tr The publication ofa cleansing notice under section 708A(5), 708A4(2)(f),
Answer this question if your response to Q2.1 is "Othet'' and your response to Q2.2i is 'No". Note: Under Appendix 2A of the Listing Rules, when the entity applies for quotation of secuities, it gives a waffanty that an offer of the secuities for sale within 1 2 months after their issue will not rcquire disclosure under section 707(3) or 1012C(6) of the Coryontions Act.		1012DA(5) or 1012DAA(2X0
		n The publication of a +disclosure document or +PDS involving the same class of securities as the +securities to be quoted that meets the requirements of section 7084(11) or 1012D4(11)
	lf you arc in any doubt as to the applicafon of ot the enws capacity to give, this wa.ranty, please see ASIC Regulatory Guide 1 73 Disclosurc for on-sale of securities and other financial products and consult your legal adviser.		E An applicable ASIC instrument or class order
			n Not applicable - the entity has arrangements in place with the holder that ensure the securities cannot be on sold within 12 months in a manner that would breach section 707(3) or 1012C(6)
		Note: Absent relief frcm ASIC, a listed entily can only issue a cloansing notice where trading in the relevant secudties has not been suspended for fiorc than 5 days dudng lhe shodet of: (a) the peiod dudng which the class of secuities drc quoted; and (b) the peiod ot 12 months before the date on which the relevant secudties under the oller werc issued.
24	*The +securities to be quoted are Tick whichever is applicable		X Additional +securities in a class that is already quoted on ASX ("existing class")
			! New +securities in a class that is not yet quoted on ASX ("new class")

Part 3A - number and type of +securities to be quoted (existing class or new class) where issue has previously been notified to ASX in an Appendix 38

Answer the questions in this Patl if your respgnse to Q2j is "Secuities issued as paft of a transaction or transactions previously announced to the market in an Appendix 38".

Question No.	Question		Answel
34.'1	*ASX security code & description		N/a
34.2	*Number of +securities to be quoted		N/a
34.3	Any other information the entity wishes to provide about the +securities to be quoted		N/a
34.4	*Provide a diskibution schedule for the new +securities according to the categories set out in the left hand column - including the number of recipients and the total percentage of the new +securities held by the recipients in each category.
	Number of +securities held Number of holders			Total percentage of +securities held
	1 - 1,000
	1,001 - 5,000
	5,001 - 10,000
	10,001 - 100,000
	100,001 and over Answer this question only if you are an ASX Listing (ASX Foreign Exempt Listings and ASX Debt Listings do not have to answer this question), your rcsponse to Q2.4 is "new class' anct the secuities to be quoted have atready been issued.
	Note: if the secuities to be quoted have not yet been issued, undet listing rule 3.10_5, you will need to provide to received by each of those rccipients, and a disttibution schedule for the secwities when they arc issued.			ASX a list of the 20 laryest recipients of the new secuities, aN the number and percentage of the new secuities

Part ³⁸- number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an Appendix 38

Answer the questiona in this Part if your rcsponse to Q2.1 is anything other lhan 'Secuities issued as pai of a transaction or trcnsactions prcviously announced to the market in an Appendix 38" and your response to Q2.4 is "existing class". lf your resporse to Q2 , is isecun{ies issue4 tran\$ened or re+lassilied as a resuft of optbns being exercised or othq convedible secuities being convetted', the questions in this patt relate to the secuities being issued, transfered ot reclassified as a rcsult of the exercise of the options or the conversion of the conveiible secudties. lf your response to Q2.1 is "Unquoted paily paid securities that have been tully paid up and are now to become quoted fu y paid securities", the questions in this paft relate to the fully paid secuities aising from that payment up. OtheMise, the questions in this patl relate to the securities issued by the entity which arc to be quoted on ASX and which arc descdbed in the response to Q2.1-

Question No	Question	Answer
38.1	-ASX security code & description	DAL
38.2	*Number of +securities to be quoted	900,000
38.3a	*Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class?	Yes
38.3b	"ls the actual date from which the +securities will rank equally (non-ranking end date) known? Answer this guestion il your /esporse to Q3B.3a is	N/a
38.3c	*Provide the actual non-ranking end date Answer this question if your response to Q3B.3a is "No" and you rcsponf€ ao Q3B.3b is "Yes'l	N/a
38.3d	*Provide the estimated non-ranking end period Answer this question il your rcsponse to Q3B.3a is "No" and your rcsponse to Q38.3b r!'No':	N/a
38.3e	*Please state the extent to which the +securities do not rank equally: . in relation to the next dividend, distribution or interest paymenq or . for any other reason Answer this question if you response to Q3B.3a is For example, the securilies may not rank at all, or may rank propottionately based on the Wrcentage of the peiod in question they have been on issue, for the next dNidend, distribution ot interest payment: ot they nay not be entitled to patlicipate in some other event, such as an entitlement issue.	N/a
3B.4	Any other information the entity wishes to provide about the +securities to be quoted	No

Part 3C - number and type of +securities to be quoted (new class) where issue has not previously been notified to ASX in an Appendix 38

Answer the questions in this Paft if Wur rcsponse to Q2. 1 is anything other than "Secudties issued as paft of a transaction or transactions previously announced to the market in an Appendix 38" and your response to Q2.4 is "new class"- lf your response to Q2.1 is "Secuities issued, transfeied ot rc-classified aa a rcsult of options being exercised ot other conveftible secudties being converted", tho questions in this paft retate to the secuities being isaued, transfened or reclassifqd as a result of the exercise of the options or the conversion of the conveftible secudtiea. lf your response to Q2.1 is "Unquoted paftly paid secuities that have been fu y paid up and are now to become quoted fu y paid securities", the questions in this paft relate to the fully paid secuities aising from that payment up. Othewise, the questions in this paft relate to the secuities issued by the enw which are to be quoted on ASX and which are descibed in the rcsponse to Q2.1.

Ouestion No.	Question	Answer
3C.1	*Securlty description	N/a
3C.2	.Security type Select one item hom the list that best descibes the secuiti\$ the subject of this form. This wi detemine more detailed questions to be asl <ed about="" securitylater in this section. Select "ordinary fu y or pa y paid shares/units" for stapled secuities or CDls- Fot interest nte securities, please select the appropiate choice trcm either'Convertible debt secudties" or "Non-conveftible debt secudties". Select "Othe/' for pe io rm a n ce s h a re s/u n i t s a nd pe io rm a n ce options/rights or it the selections available in the list do not appropiately descibe the seeudty being issued.	tr Ordinary fully or partly paid shares/units tr Options tl +Convertible debt securities tr Non-convertible +debt securities D Redeemable preference shares/units n Vvholesale debt securities tr Other
3C.3	lSlN code Answer this questjon if you are an entiu incotporated outside Australia and you are seeking quotation of a new class ol secuities other than CDls. See a/so the note at the top of this fotm.	N/a
3C.4	*Number of +securities to be quoted	N/a
3C.5a	nvill all the +securities issued in this class rank equally in all respects from the issue date?	N/a
3C 5b	*ls the actual date from which the +securities will rank equally (non-ranking end date) known? Answer this question if you response to Q3C.5a is	N/a
3C.5c	*Provide the actual non-ranking end date Answer this questbn if you response to Q3C.5a is "No" and your response to Q3C.5b is "Yes"-	N/a
3C.5d	*Provide the estimated non-ranking end period Ansv'/er thb question if your response to Q3c.5a is "llo" and Wur response lo Q3C.5b ls "No'l	N/a

3C.5e	*Please state the extent to which the +securities do not rank equally:		N/a
	. in relation to the next dividend, distribution or interest payment; or
	. for any other reason
	Answer this question if your response to Q3C- 5a is "No".
	For example, the securities may not rcnk at all, or may rank propotlionately based on the Wrcentage of the peiod in quedion they have been on issue, fot the next dividend, distibution or intercst payment; or they may not be entitled to patticipate in some other event, such as an entitlement issue.
3C.6	Please attach a document or provide a URL link for a document lodged with ASX setting out the material terms of the +securities to be quoted You may qoss-reference a disclosure document, PDS, infomation memorandum, investor presentation or		N/a
	other announcement with this infomation provided it has been released to the ASX Ma*et Announcements Platfom.
	*Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listrng rule 6.1?		N/a
	Answer this question only if you are an ASX Listing. (ASX Forcign Exempl Listings and ASX Debt Listings do not have to answer this question).
	lf your rcsponse is "No" and the secuities have any unusual tems, you should approach ASX as soon as possible for confirmation under listing rule 6.1 that the tems arc appropriate and esuitable.
3C.8	in the left hand column - including the number of recipients and the total percentage of the new +securities held by the recipients in each category.			'Provide a distribution schedule for the new +securities according to the categories set out
	Number of +securities held	Number of holders		Total percentage of +securities held
	'l - 1,000
	1,001 - 5,000
	5,001 - 10,000
	10,001 - 100,000
	'100,001 and over
	Answer this question only il you are an ASX Listing (ASX Foreign Exempt Listings and ASX Debt Listings do not have to answer this quostion) and the secuities to be quoted have already been issued. Note: it the securities to be quoted have not yet been issued, under listing rule 3.10.5, you will need to provide to ASX a list of the 20 laryest recipients of the new +secuities, and the number and percentage of the new +securities received by each of those recipients, and a distibution schedule tor the secuities when they are ,ssued
3C.9a	Ordinary fully or partly paid shares/units details Answer the queslions in this section il you selected tllis secuity type in your response to Question 3C.2.
	*+Security cuffency		N,/a
	This is the cunency in which the face amount of an issue is denominated. ltwi also typically be the cunercy in which distributions are declared.
	.Will there be CDls issued over the +securities?		N/a

	.CDl ratio	X:Y
	Answet this question if you answered "Yes" to the previous question. This is the ratio at which CDls can be tnnsmuted into the underlying sacuity (e.9. 4:1 means 4 CDls represent 1 undedying security whereas 1:4 means 1 CDI represents 4 underlying secorties).
	*ls it a partly paid class of +security?	Yes or No
	*Paid up amount: unpaid amount	X:Y
	Answer this question if answered ^/es" to the previous quesfon.
	The paid up amount represents the amount of applicalion money and/or calls which have been paid on any secuity considered 'paftly paid'
	The unpaid dmount represents the unpaid ot yet to be called amount on any secutw considered 'paily paid'.
	The amoun\$ should be provided per the security cunency (e.9. if the secuity curency is AUD, then the paid up and unpaid amount per secutity in AUD).
	"ls it a stapled +security?	Yes or No
	Thb is a secuity class that compises a number of odinary shares and/or ordinary units issued by sepaftte entities that are stapled togethet for the Purqoses oftrading.
3C.9b	Option details
	Answet the questions in this section if you selected this secuily type in your response to Question 3C.2
	*+Security currency	N/a
	This is the cutency in which the exercise price is payable.
	*Exercise price	N/a
	The pice at which each oplion can be exercised and conveft into the undelying secuity.
	The exercise price should be prcvided per the securiu cunency (i.e. il the secuity cunency is AUD, the exercise price should be expressed in AUD).
	.Expiry date	N/a
	The date on v',/hich the options expire or teminate
	*Details of the number and type of +security (including its ASX security code if the +security is quoted on ASx) that will be issued if an option is exercised	N/a
	Fot examde, if the option can be exercised to receive one fuly paid otdinary share with ASX secudty code ABC, please insett "One fully paid ordinary share (ASX:ABCr'.

3C.9c	Details of non-convertible +debt securities, +convertible debt securities, ol redeemable preference shares/units
	Answer the questions in this section if you selected one of these secuity types in your resporse to Quesfion
	Refer to Guiddnce Note 34 and the "Guide to the Namina Conwn Debt and Hvbid Secuities" for luther information on certain tetms used in this section
	*Type of +security	! Simple corporate bond
	Select one item from the list	n Non-convertible note or bond
		tr Convertible note or bond
		n Preference shareiunit
		tr Capital note
		n Hybrid security
		tr Other
	*+Security currency	N/a
	This is the cufiency in which the face value of the secuity is denominated. lt wi also typica y be the curency in which interest or disttibutions are paid.
	Face value	N/a
	This is the pincipal amount of each secuity.
	The face value should be provided per the secuily cuffency (i.e. if security cunency is AUD, then the face value per secuity in AUD).
	*lnterest rate type	tr Fixed rate
	Select one item from the list	tr Floating rate
	Select the appropdate interest ot dividend rate type pet the tel,,,s of the security- Definitions for each type	n lndexed rate
	are provided in the Guide to the Naming Conventions and Securw Desciptions tor ASX Quoted Debt and	E Variable rate
	Hybid Secuities	n Zero couponino interest or dividend
		! Other
	Frequency of coupon/interesudividend	n Monthly
	payments per year	n Quarterly
	Salact on6 item from the list.	E Semi-annual
		n Annual
		n No coupon/interest payments
		n Other
	First interesydividend payment date	wa
	A rcsponse is not Equi@d if you have selected 'No coupon/interest payments" in response to the question above on the frequency of coupon/interest payments
	lnteresudividend rate per annum Anawer thia question if the intercst rate type is fixed.	% p.a
	*ls the interesudividend rate per annum estimated at this time? Answet this question if the intetest nte type is fixed.	Yes or No

If the interest/dividend rate per annum is estimated, then what is the date for this information to be announced to the market (if known) Answer this question if the interest rate type is fixed and your response to the previous question is "Yes". Answer "Unknown" if the date is not known at this time.	N/a
*Does the interest rate include a reference rate, base rate or market rate (e.g. BBSW or CPI)? Answer this question if the interest rate type is floating or indexed.	Yes or No
*What is the reference rate, base rate or market rate? Answer this question if the interest rate type is floating or indexed and your response to the previous question is "Yes".	N/a
*Does the interest/dividend rate include a margin above the reference rate, base rate or market rate? Answer this question if the interest rate type is floating or indexed.	Yes or No
*What is the margin above the reference rate, base rate or market rate (expressed as a percent per annum) Answer this question if the interest rate type is floating or indexed and your response to the previous question is "Yes".	% p.a.
*S128F of the Income Tax Assessment Act status applicable to the +security Select one item from the list For financial products which are likely to give rise to a payment to which s128F of the Income Tax Assessment Act applies, ASX requests issuers to confirm the s128F status of the security: "s128F exempt" means interest payments are not taxable to non-residents; "Not s128F exempt" means interest payments are taxable to non-residents: "s128F exemption status unknown" means the issuer is unable to advise the status; "Not applicable" means s128F is not applicable to	$\Box$ s128F exempt Not s128F exempt $\mathcal{L}$ □ s128F exemption status unknown Not applicable $\Box$
this security *Is the +security perpetual (i.e. no maturity $date$ ?	Yes or No
*Maturity date Answer this question if the security is not perpetual	N/a

	*Select other features applicable to the +security	tr Simple
	Up to 4leatures can be selected. Fwlher information	D Subordinated
	is available in the Guide to the Naming Conventions	D Secured
	and Secuity Descdptions for ASX Quoted Debt and Hybid Secuities.	n Converting
		n Convertible
		E Transformable
		n Exchangeable
		n Cumulative
		U Non-Cumulative
		n Redeemable
		tr Extendable
		E Reset
		n Step-Down
		n Step-Up
		tr Stapled
		E None of the above
	'ls there a first trigger date on which a	Yes or No
	right of conversion, redemption, call or put can be exercised (whichever is first)?
	*lf yes, what is the first trigger date	N/a
	Answer tbis question if your response to the previous question is "Yes".
	Details of the number and type of +security (including its ASX security code if the +security is quoted on ASX) that will be issued if the +securities to be quoted are converted, transformed or exchanged (per 1 new +security)
	Arcwet this question if the security leaturcs include 'conveiing", "convertible", "transformable" or "exchangeable".
	For example, if the secuity can be convetled into 1,000 fu y paid ordinary shares with ASX security code ABC, please insett "1,000 fully paid odinary sharcs (ASX:ABC)".
3C.9d	Details of wholesale debt securities
	Answer the questions in this section ff you selected this security type in your res@nse to Question Q3C.2. Reler to Guidance Note 34 and the 'Guide {o the Naming Conventions and Secuity Oescriptions br ASX
	Quoted Debt and Hybid Secuities" for fufther information on certain terms used in this section
	CFI	N/a
	FISN	N/a
	*+Security currency	N/a
	This is the cunency in whbh the face value of the secuity is denominated. lt will also typicatly be the cunency in which interest ot distibutions arc paid.
	Total principal amount of class	N/a
	Face value	N/a
	This is the offer / issue pice ot value at Mlich the secuity was offercd on issue.

	Number of +securities This should be the total pincipal amount of class divided by the face value	N/a
	"lnterest rate type Select the appwiate intereat rate type per the tems of the secutity. Delinitions for each type are provided in the Guide to the Naming Conventions and Secuity Descr,pfions forASX Quoted Debt and Hybrid Securities.	D Fixed rate tr Floating rate tr Fixed to floating tr Floating to fixed
	*Frequency of coupon/interest payments per year Select one item from the list- The number of intercst payments to be made per yearfor a vyholesale debt security.	D Monthly n Quarterly E Semi-annual tr Annual tr No payments
	*First interest payment date A rcsponse is not required if you have selecled 'No payments" in response to the question above on the trequency of coupon/interest payments	N/a
	*lnterest rate per annum A response is not required if you have selected "No pawents" in response to tho question above on the frequency of coupon/intercst paynents. The rate reprcsents the total rate for the first paymenl peiod which mdy include a rcference or base rate plus a margin rate and other adjustnent factors where applicable, stated on a per annum basis. lf the rate is only an estimate at this time please entet an indicative rate and provide the actual rate once it has become available.
	*Maturity date The date on which the secuity maturcs.	N/a
	Class type descriptjon	N/a
	.S128F of the lncome Tax Assessment Act status applicable to the +security Select one item ftum the {ist For financidl products which are likely to give ise to a payment to which s128F ot the ln@me Tax Assessment Act applieg ,ASX reguesfs ,ssue/s to confirm the s128F status of the secuity: . "s128F exempf' means interest payments are not tax able tg non-rc side nts; . 'Not s128F exempt" means interest payments arc tax able to non-re sidents; . "s128F exemption status unknown" means the ,-ssuer is urable to adyise fre sfafus; "Not applicable" means sl 28F is rpt applicable to this secuW	tr s128F exempt tr Not s128F exempt i s128F exemption status unknown tr Not applicable
3C.10	Any other information the entity wishes to provide about the +securities to be quoted	N/a

ParT ⁴- lssued capital following quotation

Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise:

Note: the figurcs provided in the tables in sections 4.1 aN 4.2 below are used to calculate the total matuet capitalisation of the entv published by ASX hom time to time. Please make surc you include in the relevant table each class of aecuities issued by the entity.
ff you have quoted CHESS Depository lnteests (CDls) issued ovet your secuities, include them in the table in section 4.1 and include in the table in section 4.2 any secuities that do not have CDls issued over them (and therefore are not quoted on ASX).
	Rest bted secuafies should onty be included in the table in section 4-1 if you arc applying to have them quoted because the escrow period for the secwities has expired or is about to expire. Otherwise include them in the table in seclion 4.2.
4.1	"Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities the subject of this application)
	ASX security code and description	Total number of +securities on issue
	Ordinary Fully paid shares (DAL)	28,375,000
4.2	*Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX):
	ASX security code and descriptron	Total number of +securities on issue
	Ordinary Fully paid shares (DAL) - escrow to 27 May 2022	1,500,000
	Ordinary Fully paid shares (DAL) - escrow to 28 September 2022	24,125,000
	Options (\$0.25 exercise, expiring 28 September 2024\	5,000,000
	Options (\$0.30 exercise, expiring 28 September 2025 & escrowed to 28 September 2023)	8,000,000

Part 5 - Other Listing Rule requirements

The questons in this Paft should only be an\$rered it you are an ASX Listing (ASX Foreigt Exempt Listings and ASX Debt Listings do not need to complete this Paft) and your response to Q2.1 is:

• "Securties issued under an employee incentve scheme that arc not subject to a restriction on trcnsfet or that are to be quoted notwithstading there is a @stiction on transfef'; ot
• "Othef'.

I,,lote that if your response to Q2.1 is "Secudties ,ssu6d as part of a fra nsactton or trcnsacfions previously announced to the market in an Appendk 38", it is assumed that you will have p@vided the infomation refered to in this Part in the Appendix 38.

Question No.	Question	Answer
5.1	*Are the +securities being issued under an exception in Listing Rule 7.2 and therefore	N/a

	the issue does not need any security holder approval under Listing Rule 7.1?
5.1a	Enter the number of the applicable exception in Listing Rule 7.2 Answer this quesqon is your response to Q5.1 is 'Yes" Note this should be a number between 1 and 17.	N/a

5.1a.1	'Does the +dividend or distribution plan meet the requirement of listing rule 7.2 exception 4 that it does not impose a limit on participation? An\$tlet this question if you response to Q5.1 is "Yes" and your response to Q5.1a is "4". Note: Exception 4 only applies where secuw holders are able to elect to @ceive all of tl'roit dividend ot distribution as secuities. Fot example, Exception 4 would not apply in the following circunstances: 1) The entity has specified a dollar limit on the level of paiicipation e.g. secutv holders can only paiicipate to a maximum value of \$x in respect of their entitlement, or 2) The entity has specified a fiaximum number of securitles that can pattbipate in the plan e.g. security holders can only receive secuities in lieu gf dividend payaue lq x number of secuities.	N/a
	.Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Answer this question if the response to Q5.1 is "No".	N/a
	'Date of meeting or proposed meeting to approve the issue under listing rule 7.1 Answer this question if the response to Q5. 1 is 'No" and the rcsponse to Q5.2 is "Yes".	N/a
	*Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Answer this question if the response to Q5. 1 is 'No" and the response to Q5.2 is "l,lo".	N/a
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? Arcwer this question if the response to Q5.1 is "No", fre response to Q5.2 ,3 "No" and the response to Q5.2b is'Yes". ff the response to Q5.2b is "Yes", please complete and sepantely send by email to your ASX listings cpmpliance adviser a wotu sheet in the form of Annexure B to Guidance Note 21 conti.ming the entity has the available capacity under listing rule 7.1 to issue that number of secuities.	N/a
5.2c	*Are any of the +securities being issued without +security holder approval using the entity's additional 10olo placement capacity under listing rule 7.1A (if applicable)? Answer this question if the response to Q5.1 is "No" and the rcsponse to Q5.2 is 'No'.	nla

5.2c.1	tHow many +Securities are being issued without +security holder approval using the entity's additional 10olo placement capacity under listing rule 7 .14?	N/a
	Answer lhis question if the rcsponse to Q5.1 is "No", t e rBsporse to Q52 ,s "No" and the respgnse to Q52c is "Yes'i
	/ftho respo,s€ to Q5.2c ia"Yee", pleasa cofiplete dnd separately &nd by enail to your ASX listings compliance adviser a work sheet in the fom of Annexure C to Guidance Note 21 confltming the enw has the available capacity under listing rule 7.14 to issue that number of secuities.

lnfiodu.€d O1112119i amended 31n1r2O; 05106121