ELSIGHT LIMITED — Share Issue/Capital Change 2021

Dec 21, 2021

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

==> picture [21 x 22] intentionally omitted <==

Announcement Summary

Entity name

ELSIGHT LIMITED

Date of this announcement

Wednesday December 22, 2021

The +securities the subject of this notification are:

==> picture [8 x 9] intentionally omitted <==

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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	250,000 Unlisted options at an exercise price of	250,000	15/12/2021
to be confirmed	$0.38 expiring 14 December 2026
New class - code	200,000 Unlisted options at an exercise price of	200,000	15/12/2021
to be confirmed	$0.44 expiring 14 December 2026

Refer to next page for full details of the announcement

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

1 / 8

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

==> picture [21 x 22] intentionally omitted <==

Part 1 - Entity and announcement details

1.1 Name of entity

ELSIGHT 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

ACN

Registration number

616435753

1.3 ASX issuer code

ELS

1.4 The announcement is

==> picture [8 x 8] intentionally omitted <==

New announcement

1.5 Date of this announcement

22/12/2021

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

2 / 8

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

Part 2 - Issue details

==> picture [21 x 22] intentionally omitted <==

2.1 The +securities the subject of this notification are:

==> picture [8 x 8] intentionally omitted <==

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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

==> picture [8 x 8] intentionally omitted <==

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

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

3 / 8

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

==> picture [21 x 22] intentionally omitted <==

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

ASX +security code +Security description New class - code to be confirmed 250,000 Unlisted options at an exercise price of $0.38 expiring 14 December 2026 +Security type ISIN code Options Date the +securities the subject of this notification were issued 15/12/2021 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Were any of the +securities issued to +key management personnel (KMP) or an +associate? No Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No 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/20170607/pdf/43jsk2gsj6hnyj.pdf Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.38000000 14/12/2026 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description ELSAU:OPTION EXPIRING 14-DEC-2026 EX $0.38 Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://www.asx.com.au/asxpdf/20170607/pdf/43jsk2gsj6hnyj.pdf Any other information the entity wishes to provide about the +securities the subject of this notification

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

4 / 8

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

==> picture [21 x 22] intentionally omitted <==

Issue details

Number of +securities 250,000 ASX +security code +Security description New class - code to be confirmed 200,000 Unlisted options at an exercise price of $0.44 expiring 14 December 2026 +Security type ISIN code Options Date the +securities the subject of this notification were issued 15/12/2021

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? No Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No 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/20170607/pdf/43jsk2gsj6hnyj.pdf

Options Details

+Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.38000000 14/12/2026 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other

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

5 / 8

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

==> picture [21 x 22] intentionally omitted <==

Description

ELSAV: OPTION EXPIRING 14-DEC-2026 EX $0.44

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://www.asx.com.au/asxpdf/20170607/pdf/43jsk2gsj6hnyj.pdf

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

Issue details

Number of +securities 200,000

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

6 / 8

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

==> picture [21 x 22] intentionally omitted <==

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
ELS : ORDINARY FULLY PAID	133,441,582
ELSOA : OPTION EXPIRING 31-MAR-2023	23,222,653
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
ELSAI : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	17,891,000
ELSAT : OPTION EXPIRING 14-SEP-2026 EX $0.421	3,635,000
ELSAL : OPTION EXPIRING 23-APR-2025 EX 28C	1,390,000
ELSAM : OPTION EXPIRING 15-MAY-2025 EX 34C	150,000
ELSAN : OPTION EXPIRING 12-JUN-2025 EX 32C	100,000
ELSAP : OPTION EXPIRING 27-JUL-2025 EX $0.30	75,000
ELSAQ : OPTION EXPIRING 13-APR-2026 EX $0.50	100,000
ELSAR : OPTION EXPIRING 01-FEB-2026 EX $0.43	210,000
ELSAS : OPTION EXPIRING 09-MAR-2026 EX $0.52	180,000
New class - code to be confirmed : 250,000 Unlisted options at an exercise price of $0.38	250,000
expiring 14 December 2026
New class - code to be confirmed : 200,000 Unlisted options at an exercise price of $0.44	200,000
expiring 14 December 2026

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

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

7 / 8

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

==> picture [21 x 22] intentionally omitted <==

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? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

13

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

8 / 8