DXN LIMITED — Share Issue/Capital Change 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	Options exercisable at $0.014 on or before 22	10,888,857	22/10/2021
to be confirmed	October 2024

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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

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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 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 +Security description New class - code to be confirmed Options exercisable at $0.014 on or before 22 October 2024 +Security type ISIN code Options 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 Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? 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

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.01400000 22/10/2024 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description DXN - Fully Paid Shares Any other information the entity wishes to provide about the +securities the subject of this notification

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

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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 been previously announced in an Appendix 3B lodged on 9 September 2021, which can be found at the following link: https://www.asx.com.au/asxpdf/20210909/pdf/4 50b5whtl6c4bv.pdf

Issue details

Number of +securities

10,888,857

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Options being issued in relation to a corporate mandate with TMT Partners Pty Ltd for corporate advisory services in relation to equity and debt raising.

Purpose of the issue

To pay for services rendered

Additional Details

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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 : Options exercisable at $0.014 on or before 22 October	10,888,857
2024

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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