ELEMENT 25 LIMITED — Share Issue/Capital Change 2023

Feb 9, 2023

Application for quotation of +securities

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Announcement Summary

Entity name

ELEMENT 25 LIMITED

Announcement Type

New announcement

Date of this announcement

Friday February 10, 2023

The +securities to be quoted are: Other

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
E25	ORDINARY FULLY PAID	5,000,000	10/02/2023

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

10/2/2023

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:

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Other

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")

2.3c Have these +securities been offered under a +disclosure document or +PDS?

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No

2.3d Please provide any further information needed to understand the circumstances in which you are applying to have these +securities quoted on ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

Collateral Shares pursuant to an ATM facility with Acuity Capital Investment Management Pty Ltd as trustees for the Acuity Capital Holdings Trust.

2.4 Any on-sale of the +securities to be quoted within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f)

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

ASX +security code and description

E25 : ORDINARY FULLY PAID

Issue date 10/2/2023

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

Issue details

Number of +securities to be quoted

5,000,000 No

Are the +securities being issued for a cash consideration?

Please describe the consideration being provided for the +securities

As security for the ATM, the Company has agreed to place 5,000,000 fully paid ordinary at nil cash consideration, E25 may buy back the shares placed as security for no cash consideration.

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

0.770000

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

E25 may buy back (and cancel) the shares placed as security for no cash consideration (subject to shareholder approval).

The purpose(s) for which the entity is issuing the securities

Other

Please provide additional details

Security for the ATM agreement

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
E25	: ORDINARY FULLY PAID	190,460,368

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	3,550,000
E25AA : OPTION EXPIRING 25-NOV-2027 EX $1.58	900,000
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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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? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes

5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

5,000,000

5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No

Application for quotation of +securities

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