DXN LIMITED — Capital/Financing Update 2021

Oct 24, 2021

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

DXN LIMITED

Date of this announcement

Monday October 25, 2021

The +securities the subject of this notification are: Other

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Warrants exercisable at $0.02	200,000,000	22/10/2021
to be confirmed

Refer to next page for full details of the announcement

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

DXN LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ABN

Registration number

46620888548

1.3 ASX issuer code

DXN

1.4 The announcement is

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New announcement

1.5 Date of this announcement

25/10/2021

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

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Other

Please specify

As per Appendix 3B lodged on 9 September 2021.

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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does not have an existing ASX security code ("new class")

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Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

New +securities
ASX +security code New class - code to be confirmed	+Security description Warrants exercisable at $0.02
+Security type	ISIN code
Other
Date the +securities the subject of this notification were issued
22/10/2021
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://www.asx.com.au/asxpdf/20210922/pdf/450rfz19d72kdc.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

The securities which are new securities, the subject of this Appendix 3G have previously been announced in an Appendix 3B lodged on 9 September 2021, which can be found via the following link: https://www.asx.com.au/asxpdf/20210909/pdf/ 450b5yg57q4hw3.pdf

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Issue details

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Number of +securities

200,000,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

As part of the four year term loan facility for $4 million to be provided by Pure Asset Management Pty Ltd the details which are contained in the ASX announcement date 9 September 2021.

Purpose of the issue

To raise additional working capital

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities 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)

	Total number of
ASX +security code and description	+securities on issue
DXN : ORDINARY FULLY PAID	1,439,314,791
DXNOD : OPTION EXPIRING 18-MAY-2023	641,936,886
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
DXNAH : OPTION EXPIRING 19-AUG-2022 EX 10C	7,500,000
DXNAM : OPTION EXPIRING 30-APR-2023 EX $0.03	22,000,000
DXNAE : PERFORMANCE RIGHTS	14,711,813
DXNAL : OPTION EXPIRING 31-DEC-2022 EX 10C	7,500,000
New class - code to be confirmed : Warrants exercisable at $0.02	200,000,000

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

22/10/2021

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