FIRST AU LIMITED — Capital/Financing Update 2023

Jul 17, 2023

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

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Announcement Summary

Entity name

FIRST AU LIMITED

Date of this announcement

Tuesday July 18, 2023

The +securities the subject of this notification are:

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+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	Unquoted options ($0.012 exercise price, 17	7,500,000	17/07/2023
to be confirmed	January 2025 expiry date)
New class - code	Unquoted options ($0.015 exercise price, 17 July	7,500,000	17/07/2023
to be confirmed	2025 expiry date)
New class - code	Unquoted options ($0.018 exercise price, 17 July	7,500,000	17/07/2023
to be confirmed	2026 expiry date)
New class - code	Unquoted options ($0.02 exercise price, 17 July	7,500,000	17/07/2023
to be confirmed	2026 expiry date)

Refer to next page for full details of the announcement

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

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

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Part 1 - Entity and announcement details

1.1 Name of entity

FIRST AU 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

ABN

Registration number

65000332918

1.3 ASX issuer code

FAU

1.4 The announcement is

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New announcement

1.5 Date of this announcement

18/7/2023

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

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

Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+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:

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

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

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

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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

ASX +security code +Security description New class - code to be confirmed Unquoted options ($0.012 exercise price, 17 January 2025 expiry date) +Security type ISIN code Options

Date the +securities the subject of this notification were issued

17/7/2023

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? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Ryan Matthew Skeen	Ryan Matthew Skeen	7,500,000

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/2924-02660078-3A617385?access_token=83 ff96335c2d45a094df02a206a39ff4

Options Details

+Security currency AUD - Australian Dollar

Exercise price Expiry date AUD 0.01200000 17/1/2025

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Description

FAU - fully paid ordinary shares

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

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

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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://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02660078-3A617385?access_token=83 ff96335c2d45a094df02a206a39ff4

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

Shareholders approved the issue of options at the AGM held on 29 May 2023.

Issue details

Number of +securities 7,500,000

ASX +security code New class - code to be confirmed	+Security description Unquoted options ($0.015 exercise price, 17 July 2025 expiry date)
+Security type	ISIN code
Options

Date the +securities the subject of this notification were issued

17/7/2023

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? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Ryan Matthew Skeen	Ryan Matthew Skeen	7,500,000

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1?

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No

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

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

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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/2924-02660078-3A617385?access_token=83 ff96335c2d45a094df02a206a39ff4

Options Details

+Security currency

AUD - Australian Dollar

Exercise price Expiry date AUD 0.01500000 17/7/2025

Expiry date

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Description

FAU - fully paid ordinary shares

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://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02660078-3A617385?access_token=83 ff96335c2d45a094df02a206a39ff4

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

Shareholders approved the issue of options at the AGM held on 29 May 2023.

Issue details

Number of +securities

7,500,000

ASX +security code

+Security description

New class - code to be confirmed Unquoted options ($0.018 exercise price, 17 July 2026 expiry date)

+Security type

ISIN code

Options

Date the +securities the subject of this notification were issued

17/7/2023

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

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

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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? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Ryan Matthew Skeen	Ryan Matthew Skeen	7,500,000

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/2924-02660078-3A617385?access_token=83 ff96335c2d45a094df02a206a39ff4

Options Details

+Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.01800000 7/7/2026

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Description

FAU - fully paid ordinary shares

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

chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-researc h/1.0/file/2924-02660078-3A617385?access_token=83ff96335c2d45a094df02a206a39ff4

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

Shareholders approved the issue of options at the AGM held on 29 May 2023.

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

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

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Issue details

Number of +securities

7,500,000

ASX +security code +Security description New class - code to be confirmed Unquoted options ($0.02 exercise price, 17 July 2026 expiry date) +Security type ISIN code Options

Date the +securities the subject of this notification were issued 17/7/2023

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? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Ryan Matthew Skeen	Ryan Matthew Skeen	7,500,000

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/2924-02660078-3A617385?access_token=83 ff96335c2d45a094df02a206a39ff4

Options Details

+Security currency AUD - Australian Dollar

Exercise price Expiry date AUD 0.02000000 17/7/2026

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

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

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Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Description

FAU - fully paid ordinary shares

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 chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-researc h/1.0/file/2924-02660078-3A617385?access_token=83ff96335c2d45a094df02a206a39ff4

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

Shareholders approved the issue of options at the AGM held on 29 May 2023.

Issue details

Number of +securities

7,500,000

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

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

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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
FAU : ORDINARY FULLY PAID	1,451,993,277
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
FAUAO : OPTION EXPIRING 06-MAY-2027 EX $0.015	20,000,000
FAUAM : OPTION EXPIRING 28-JUL-2023 EX $0.02	2,500,000
FAUAN : OPTION EXPIRING 28-JAN-2024 EX $0.035	2,500,000
FAUAG : OPTION EXPIRING 14-OCT-2023 EX $0.03	10,250,000
FAUAH : OPTION EXPIRING 14-OCT-2023 EX $0.035	8,000,000
FAUAQ : OPTION EXPIRING 17-NOV-2024 EX $0.012	270,000,000
FAUAP : OPTION EXPIRING 31-DEC-2023 EX $0.013	71,250,000
New class - code to be confirmed : Unquoted options ($0.012 exercise price, 17 January	7,500,000
2025 expiry date)
New class - code to be confirmed : Unquoted options ($0.015 exercise price, 17 July 2025	7,500,000
expiry date)
New class - code to be confirmed : Unquoted options ($0.018 exercise price, 17 July 2026	7,500,000
expiry date)
New class - code to be confirmed : Unquoted options ($0.02 exercise price, 17 July 2026	7,500,000
expiry date)

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 10 / 11 E it S iti

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

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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? Yes

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

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

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