EVOLUTION MINING LIMITED — Share Issue/Capital Change 2022

Sep 7, 2022

Application for quotation of +securities

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Announcement Summary

Entity name

EVOLUTION MINING LIMITED

Announcement Type

New announcement

Date of this announcement

Thursday September 08, 2022

The +securities to be quoted are:

+Securities issued under an +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
EVN	ORDINARY FULLY PAID	545,760	07/09/2022

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

EVOLUTION MINING 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 74084669036

1.3 ASX issuer code

EVN

1.4 The announcement is

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New announcement

1.5 Date of this announcement

8/9/2022

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:

+Securities issued under an +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer

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

Additional +securities to be quoted in an existing class issued under an +employee incentive scheme

FROM (Existing Class) ASX +security code and description

No security currently exists

FROM (Existing Class) +Security description

N/A

TO (Existing Class) ASX +security code and description

EVN : ORDINARY FULLY PAID

Please state the number of +securities issued under the +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer 545,760

Please provide details of a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

The fully paid ordinary shares have been issued in accordance with the Evolution Employee Share Plan under which eligible employees can acquire fully paid ordinary shares up to the value of $1,000 for nil consideration. The actual number of fully paid shares issued was determined using a Volume Weighted Average Market Price (VWAMP) of Evolution Shares traded on the ASX over the five days up to and including 30 June 2022, which has been calculated at 379 fully paid ordinary shares for each participating employee.

Are any of these +securities being issued to +key management personnel (KMP) or an +associate No

Issue date

7/9/2022

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

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Yes

Application for quotation of +securities

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Application for quotation of +securities

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Issue details

Number of +securities to be quoted 545,760

Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities Nil

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

2.200000

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

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
EVN : ORDINARY FULLY PAID	1,834,914,135

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
EVNAA : SHARE RIGHTS	102,184
EVNAS : PERFORMANCE RIGHT	12,015,759

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? No

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)? N/A

Application for quotation of +securities

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