DEEP YELLOW LIMITED — Share Issue/Capital Change 2021

Sep 8, 2021

Application for quotation of +securities

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Announcement Summary

Entity name

DEEP YELLOW LIMITED

Announcement Type

New announcement

Date of this announcement

Thursday September 09, 2021

The +securities to be quoted are:

+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

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
DYL	ORDINARY FULLY PAID	600,000	06/09/2021

Refer to next page for full details of the announcement

Application for quotation of +securities

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Application for quotation of +securities

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Part 1 - Entity and announcement details

1.1 Name of entity

DEEP YELLOW LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

ABN

Registration number 97006391948

1.3 ASX issuer code

DYL

1.4 The announcement is

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New announcement

1.5 Date of this announcement

9/9/2021

Application for quotation of +securities

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Application for quotation of +securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+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

2.2 The +securities to be quoted are:

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Additional +securities in a class that is already quoted on ASX ("existing class")

Application for quotation of +securities

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Application for quotation of +securities

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

Additional +securities to be quoted in an existing class issued under an +employee incentive scheme

FROM (Existing Class) ASX +security code and description

No security currently exists

FROM (Existing Class) +Security description

Issue of Loan Shares pursuant to the Deep Yellow Loan Share Plan

TO (Existing Class) ASX +security code and description DYL : ORDINARY FULLY PAID

Please state the number of +securities 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 600,000

Please 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 https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02163366-6A951246?access_token=83 ff96335c2d45a094df02a206a39ff4 Are any of these +securities being issued to +key management personnel (KMP) or an +associate No Issue date

6/9/2021

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

Application for quotation of +securities

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Application for quotation of +securities

Issue details

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Number of +securities to be quoted

600,000

Are the +securities being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Ordinary fully paid shares issued pursuant to the Deep Yellow Limited Loan Share Plan as approved by Shareholders. Share issue is subject to a Limited Recourse Loan Agreement and holding lock.

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

0.795000

Any other information the entity wishes to provide about the +securities to be quoted

Application for quotation of +securities

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Application for quotation of +securities

Part 4 - Issued capital following quotation

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Following the quotation of the +securities the subject of this application, the issued capital 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 on ASX following the +quotation of the +securities subject of this application)

	Total number of
ASX +security code and description	+securities on issue
DYL : ORDINARY FULLY PAID	331,182,558
DYLO : OPTION EXPIRING 01-JUN-2022	50,957,527

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
DYLAQ : PERFORMANCE RIGHT	775,809
DYLAS : OPTION EXPIRING 01-JUL-2025 EX NIL	229,884
DYLAR : OPTION EXPIRING 01-JUL-2024 EX NIL PRICE	277,779

Application for quotation of +securities

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Application for quotation of +securities

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Part 5 - Other Listing Rule requirements

5.1 Are the +securities being issued under an exception in Listing Rule 7.2 and therefore the issue does not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

13

Application for quotation of +securities

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