DOTZ NANO LIMITED — Capital/Financing Update 2020

Apr 19, 2020

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ASX and MEDIA RELEASE

20 April 2020

CANCELLATION OF UNQUOTED OPTIONS

Dotz Nano Limited (ASX: DTZ) (“Dotz” or “Company”) an advanced technology company developing, manufacturing and commercialising marking, tracing and verification solutions, advises that the following options have lapsed and are now cancelled:

Number	Description	Option Terms
212,500	DTZOPT10	UNL OPT EXP 20/04/20 @ $0.105
212,500	DTZOPT11	UNL OPT EXP 20/04/20 @ $0.105 vest 1/2/19
500,000	DTZOPT12	UNL OPT EXP 20/04/20 @ $0.20
500,000	DTZOPT9	UNL OPT EXP 20/04/20 @ $0.20
1,000,000	DTZOPT7	UNL OPT EXP 20/04/20 @ $0.00

Details of the updated capital structure of the Company is included in Appendix A attached

This announcement has been authorised for release to the ASX by the Company Secretary, Ian Pamensky

-ENDS-

Further information:

Investor Enquiries: Media Enquiries: Ian Pamensky Tristan Everett Company Secretary Market Eye E: ian@cfo2grow.com.au E: tristan.everett@marketeye.com.au P: +61 414 864 746 P: +61 403 789 096

About Dotz Nano Limited

Dotz Nano Limited (ASX: DTZ) is a technology leader in research, production and marketing of anticounterfeiting, authentication and tracing solutions. Dotz has strong, established distributors in North America, Europe, Japan and Australia as well as scientific collaborations and partnerships with leading academic institutes.

Its unique products ValiDotz, BioDotz, Fluorensic and InSpec are exceptional solutions for numerous applications, such as: anti-counterfeiting, brand & reputation protection, oil & gas industry, liquids tagging, lubricants and DEF authentication, polymers tagging and bio-imaging.

To learn more about Dotz, please visit the website and corporate video via the following link www.dotz.tech

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Appendix A – Updated Capital Structure

Quoted securities
ASX security code and description	Total number of +securities on issue
DTZ	295,852,251 Ordinary Shares
Unquoted Securities
ASX security code and description	Total number of +securities on issue
1) Performance Shares 2) Unquoted Options	22,000,000 (a) 5,000,000 - Options expiring 14/6/20, exercise price $0.20 each, (b) 1,000,000 - Options expiring 1/11/20, exercise price $Nil (c) Nil- Options expiring 20/04/20, exercise price $Nil(Cancelled) (d) Nil- Options expiring 20/04/20, exercise price $0.105 (Cancelled) (e) Nil- Options expiring 20/04/20, exercise price $0.105. Vesting after 1 February 2019 (Cancelled) (f) Nil- Options expiring 20/04/20, exercise price $0.20(Cancelled) (g) 1,500,000 - Options expiring 1/08/20, exercise price $0.20 (h) 2,025,000 - Options expiring 1/10/21, exercise price $0.00. (i) 2,000,000 - Options expiring 1/10/21, exercise price $0.00. Vesting 27/11/19 provided that the Option holder is an employee or consultant of the Company at all times during the period ending on the Vesting Date (j) 2,666,659 - Unquoted options exercisable at $0.12 and expire on 30/06/2020

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(k) 2,000,000 - Unquoted Options exercisable at $0.13 each and expire on 15/02/2024, Options lapse if Option holder ceases employment (l) 1,000,000 - Unquoted Options exercisable at $0.00 expiring 15/02/23. Vesting 09/12/19 provided that the Option holder is an employee or consultant of the Company at all times during the period ending on the Vesting Date (m) 12,500,005 - Unquoted options exercisable at $0.085 and expire on 7 May 2021 (n) 5,000,000 - Unquoted options exercisable at $0.10 and expire on 19 June 2021 (o) 8,064,526 - Unquoted options exercisable at $0.09 and expire on 29 July 2021 (p) 210,000 - Unquoted Options exercisable at $0.00 expiring 22/08/24. Vesting - 70,000 Options (33.33%) shall vest on the date which is 12 months from the date of issue provided that you are an employee of the Company at all times during the period ending on that date, and the remaining 140,000 Options (66.67%) shall vest in Eight (8) consecutive equal instalments upon the lapse of each threemonth period thereafter, provided that you are an employee of the Company at all times during the period. (q) 10,000,000 - Unquoted Options exercisable at $0.10 and expire 11 September 2021 (r) 18,333,337 – Exercisable at A$0.09 and expiring on 11 December 2021 (s) 10,000,000 - Exercisable at A$0.09 and expiring on 11

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December 2021, vesting as follows: a. 25% shall vest immediately upon issue; b. 25% shall, subject to the agreement remaining on foot, vest on the date that is 6 months following the date of execution of this agreement; c. 25% shall, subject to the agreement remaining on foot, vest on the date that is 12 months following the date of execution of this agreement; and d. 25% shall, subject to the agreement remaining on foot, vest on the date that is 18 months following the date of execution of this agreement,