ENTROPY NEURODYNAMICS LIMITED — Capital/Financing Update 2023

May 11, 2023

Application for quotation of +securities

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Announcement Summary

Entity name

EXOPHARM LIMITED

Announcement Type

New announcement

Date of this announcement

Friday May 12, 2023

The +securities to be quoted are:

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+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
EX1	ORDINARY FULLY PAID	76,967,485	12/05/2023

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

EXOPHARM 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 78163765991

1.3 ASX issuer code

EX1

1.4 The announcement is

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New announcement

1.5 Date of this announcement

12/5/2023

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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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+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Previous Appendix 3B details:

Announcement Date and	Announcement Title	Selected Appendix 3B to submit quotation
Time		request
05-Apr-2023 08:13	Update - Update - Proposed issue of	A standard +pro rata issue (non-renounceable)
	securities - EX1

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B? No

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Application for quotation of +securities

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Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B

Corporate Action Component Detail

ASX +security code and description EX1 : ORDINARY FULLY PAID

Issue date

12/5/2023

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column - including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

Total percentage of +securities held For example, to enter a value of 50% please input as 50.00

Number of +securities held Number of holders 1 - 1,000 % 1,001 - 5,000 % 5,001 - 10,000 % 10,001 - 100,000 % 100,001 and over %

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Application for quotation of +securities

Issue details

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Number of +securities to be quoted

76,967,485
Issue currency Issue price or consideration per +security
AUD - Australian Dollar AUD 0.01000000
Any other information the entity wishes to provide about the +securities to be quoted Shortfall placement, further to Rights Issue Prospectus released to the ASX on 23 March 2023, under LR 7.2 Exemption 3. Section 4.2: Need to add securities issued under App 3G released prior to the App 2A, being 3m OPTION EXPIRING 12-MAY-2026 EX $0.01.

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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
EX1 : ORDINARY FULLY PAID	314,423,066
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
EX1AJ : CONVERTIBLE NOTES	1,000,000
EX1AE : OPTION EXPIRING 09-NOV-2025 EX $0.40	1,500,000
EX1AF : OPTION EXPIRING 09-NOV-2025 EX $0.60	1,500,000
EX1AG : OPTION EXPIRING 09-NOV-2025 EX $0.90	1,500,000

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

Application for quotation of +securities

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