ELSIGHT LIMITED — Share Issue/Capital Change 2022

Dec 29, 2022

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

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Announcement Summary

Entity name

ELSIGHT LIMITED

Date of this announcement

Friday December 30, 2022

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 Convertible Notes 25,149,500 30/12/2022 to be confirmed

Refer to next page for full details of the announcement

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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

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New announcement

1.5 Date of this announcement

30/12/2022

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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

Appendix 3B lodged on 4 November 2022 in relation to Convertible Note capital raise.

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 Convertible Notes +Security type ISIN code +Convertible debt securities Date the +securities the subject of this notification were issued 30/12/2022 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? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02599959-3A607484?access_token=83 ff96335c2d45a094df02a206a39ff4

+Convertible debt securities Details

Type of +security

Convertible note or bond +Security currency Face value Interest rate type AUD - Australian Dollar AUD 0.30000000 Fixed rate Frequency of coupon/interest payments per year Other

s128F of the Income Tax Assessment Act status applicable to the +security s128F exemption status unknown Is the +security perpetual (i.e. no maturity)? No

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Maturity date 30/12/2024

Select other feature(s) applicable to the +security

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Secured Convertible Redeemable

Is there a first trigger date on which a right of conversion, redemption, call If yes, what is the first trigger date? or put can be exercised (whichever is first)? 30/12/2023 Yes

Details of the existing class of +security that will be issued if the securities are converted, transformed or exchanged

Other

Description

One ordinary share to be issued on conversion of every one convertible note converted.

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

25,149,500 Convertible Notes issued on the terms and condition of the Convertible Notes capital raise announced to the ASX on 4 November 2022. 1,517,166 Convertible Notes to be further issued upon completion of the Convertible Notes capital raise.

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

Appendix 3B lodged to ASX on 4 November 2022.

Issue details

Number of +securities

25,149,500

Were the +securities issued for a cash consideration?

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Yes

In what currency was the cash consideration being What was the issue price per +security? paid? AUD - Australian Dollar AUD 0.30000000

Purpose of the issue

Other

Additional Details

Details of purpose of raising announced to ASX on 4 November 2022.

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Part 4 - +Securities on issue

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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	150,319,581
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	876,900
ELSAX : OPTION EXPIRING 14-SEP-2026 EX $0.48	1,100,000
ELSAW : OPTION EXPIRING 14-SEP-2026 EX $0.42	611,000
ELSAAB : OPTION EXPIRING 30-AUG-2027 EX $0.37	3,222,000
ELSAL : OPTION EXPIRING 23-APR-2025 EX 28C	1,050,000
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
ELSAAA : OPTION EXPIRING 25-MAY-2027 EX $0.48	3,583,452
ELSAU : OPTION EXPIRING 14-DEC-2026 EX $0.38	250,000
ELSAV : OPTION EXPIRING 14-DEC-2026 EX $0.44	200,000
ELSAY : OPTION EXPIRING 25-APR-2027 EX $0.43	200,000

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

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ELSAZ : OPTION EXPIRING 25-APR-2027 EX $0.49	300,000
ELSAR : OPTION EXPIRING 01-FEB-2026 EX $0.43	160,000
New class - code to be confirmed : Convertible Notes	25,149,500

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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

19/12/2022

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