FIRSTWAVE CLOUD TECHNOLOGY LIMITED — Share Issue/Capital Change 2024

Feb 22, 2024

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Announcement Summary

Entity name

FIRSTWAVE CLOUD TECHNOLOGY LIMITED

Date of this announcement

Friday February 23, 2024

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 69,444,445 23/02/2024 to be confirmed

Refer to next page for full details of the announcement

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - 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

FIRSTWAVE CLOUD TECHNOLOGY 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 Registration number ABN 35144733595

1.3 ASX issuer code

FCT

1.4 The announcement is

New announcement

1.5 Date of this announcement

23/2/2024

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

Other

Please specify

Refer to Appendix 3B lodged on 23 February 2024.

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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

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Appendix 3G - 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)

New +securities

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ASX +security code +Security description
New class - code to be confirmed Convertible Notes
+Security type ISIN code
Other
Date the +securities the subject of this notification were issued
23/2/2024
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
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/2924-02776339-2A1506916
Any other information the entity wishes to provide about the +securities the subject of this notification
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
An Appendix 3B was lodged on 23 February 2024.
Issue details
Number of +securities
69,444,445
Were the +securities issued for a cash consideration?
Yes
In what currency was the cash consideration being What was the issue price per +security?
paid?
AUD - Australian Dollar AUD 0.03600000
Purpose of the issue
Other
Additional Details
An Appendix 3B was lodged on 23 February 2024.
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Appendix 3G - 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 notification, the +securities of the entity will comprise:

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.

4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
FCT : ORDINARY FULLY PAID	1,709,580,632
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
FCTAAB : SHARE APPRECIATION RIGHTS	54,000,000
FCTAB : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	19,832,667
FCTAZ : SERVICE RIGHTS	13,294,802
FCTAAA : RESTRICTED RIGHTS	4,983,728
FCTAG : PERFORMANCE RIGHTS	1,000,000
New class - code to be confirmed : Convertible Notes	69,444,445

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

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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? 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? Yes

5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

69,444,445 Convertible Notes.

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)? No

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