ELEMENT 25 LIMITED — Share Issue/Capital Change 2022

Nov 20, 2022

Application for quotation of +securities

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Announcement Summary

Entity name

ELEMENT 25 LIMITED

Announcement Type

New announcement

Date of this announcement

Monday November 21, 2022

The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

Total number of +securities to be quoted

	ASX +securitycode	Securit descritio	n	Number of +	securities tobe uotedIssu	date/2022
		y p			q
	E25	ORDINARY FULLY	PAID		1,200,00021/11

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

ELEMENT 25 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 46119711929

1.3 ASX issuer code

E25

1.4 The announcement is

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New announcement

1.5 Date of this announcement

21/11/2022

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Application for quotation of +securities

Part 2 - Type of Issue

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2.1 The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

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

Existing +securities converting into additional +securities in an existing class

FROM (Existing Class)
ASX +security code and description
E25AI : OPTION EXPIRING VARIOUS	DATES EX VARIOUS PRICES
TO (Existing Class)
ASX +security code and description
E25 : ORDINARY FULLY PAID
Please state the number of options	The first date the options were	The last date the options were
that were exercised or other	exercised or other +convertible	exercised or other +convertible
+convertible securities that were	securities were converted	securities were converted
converted	21/11/2022	21/11/2022
1,200,000
Is 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)?
No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by: An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? No

Issue date

21/11/2022

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
1,200,000
Are the +securities being issued for a cash consideration?
Yes
In what currency is the cash consideration being paid?	What is the issue price per +security?
AUD - Australian Dollar	AUD 0.35500000
Any other information the entity wishes to provide aboutExercise of 1,200,000 unlisted options at $0.355 expiring 28	the +securities to be quotedNovember 2022

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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
E25	: ORDINARY FULLY PAID	154,210,369

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
E25AO : OPTION EXPIRING 01-JUL-2027 EX $0.6547	500,000
E25AP : OPTION EXPIRING 23-SEP-2027 EX $1.2806	500,000
E25AI : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	3,500,000
E25AM : OPTION EXPIRING 04-NOV-2025 EX $1.209	1,980,000
E25AL : OPTION EXPIRING 25-JUN-2025 EX 50C	500,000
E25AJ : OPTION EXPIRING 20-NOV-2024 EX 27.3C	2,000,000
E25AN : OPTION EXPIRING 13-JUL-2025 EX $0.44	1,000,000

Application for quotation of +securities

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