FIRST AU LIMITED — Share Issue/Capital Change 2023

May 17, 2023

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

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

Announcement Summary

Entity name

FIRST AU LIMITED

Date of this announcement

Thursday May 18, 2023

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	Options ($0.012 exercise price, expiry date of 17	270,000,000	17/05/2023
to be confirmed	November 2024)

Refer to next page for full details of the announcement

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

1 / 7

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

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

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

New announcement

1.5 Date of this announcement

18/5/2023

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

2 / 7

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

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

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

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

Other

Please specify

Issue of options the subject of two Appendix 3Bs released to ASX on 13 February 2023.

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 9] 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 / 7

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

==> picture [538 x 628] intentionally omitted <==

----- Start of picture text -----

New +securities
ASX +security code +Security description
New class - code to be confirmed Options ($0.012 exercise price, expiry date of 17 November
2024)
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
17/5/2023
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/2924-02649374-3A615770?access_token=83
ff96335c2d45a094df02a206a39ff4 - refer Annexure A
Options Details
+Security currency Exercise price Expiry date
AUD - Australian Dollar AUD 0.01200000 17/11/2024
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
Any other information the entity wishes to provide about the +securities the subject of this notification
Shareholders approved the issue of options on 28 April 2023.
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
----- End of picture text -----

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

4 / 7

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

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

the market in an Appendix 3B

The issue relates to an issue of options over two separate Appendix 3Bs released to ASX on 13 February 2023.

Issue details

Number of +securities

270,000,000

Were the +securities issued for a cash consideration?

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

No

Please describe the consideration being provided for the +securities

250,000,000 issued as free-attaching options on a one for two basis for placement shares issued on 20 February 2023 and 16 May 2023. 20,000,000 issued as part fees for lead manager services.

Purpose of the issue

Other

Additional Details

Refer above description of the consideration provided.

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

5 / 7

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
FAU : ORDINARY FULLY PAID	1,451,993,277
FAUOA : OPTION EXPIRING 01-JUL-2023	581,744,114
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	10,250,000
FAUAP : OPTION EXPIRING 31-DEC-2023 EX $0.013	71,250,000
New class - code to be confirmed : Options ($0.012 exercise price, expiry date of 17	270,000,000
November 2024)

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

6 / 7

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? 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

28/4/2023

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

7 / 7