FORTIFAI LTD — Capital/Financing Update 2024

Mar 14, 2024

ASX Announcement 15 March 2024

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ASX CODE: MKL
CAPITAL STRUCTURE
Share Price (8/03/24) $0.008
Shares on Issue (m) 416.2m
Market Cap $3.3m
MAJOR SHAREHOLDERS
Imagination 16.9%
Entertainmet
Phoenix Portfolios
13.4%
Philip Mayes 12.7%
BOARD & MANAGEMENT
David Butorac
Non-Executive Chair
Ian Hogg
Non-Executive Director
Mark Aubrey
Non-Executive Director
Chris Whiteman
Non-Executive Director
David Yin
Chief Executive Officer
David Yin
Chief Executive Officer
Simon Rabbitt
CFO/COO
Katelyn Adams
Company Secretary
CONTACT
T : +61 8 7200 3252
E : hello@mightykingdom.com
W : www.mightykingdom.com
A : Lv4, 121 King William St
Adelaide SA 5000
P: PO Box 3106
Rundle Mall SA 5000
Australia
ACN: 627 145 260
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Notice under section 708AA(2)(f) of the Corporations Act 2001

15 March 2024

This notice is given by Mighty Kingdom Limited (ACN 627 145 260) (ASX:MKL) (‘ the Company ’ or ‘ MKL ’) under section 708AA(2)(f) of the Corporations Act 2001 (Cth) ( Corporations Act ) as notionally modified by the Australian Securities and Investments Commission Corporations (Non-Traditional Rights Issue) Instrument 2016/84 and ASIC Corporations (Disregarding Technical Relief) Instrument 2016/73 ( Legislative Instruments ).

MKL has today announced an accelerated renounceable entitlement offer (with retail rights trading) to eligible shareholders to subscribe for 5 new fully paid MKL shares ( New Share ) for every 1 existing MKL share held as at 7:00pm (Adelaide time) on Tuesday, 19 March 2024 at an Offer price of $0.003 per New Share to raise approximately A$6.24 million ( Entitlement Offer ).

MKL confirms that:

• a) The New Shares will be offered for issue without disclosure under Part 6D.2 of the Corporations Act and without a prospectus being prepared;

• b) This notice is being made under section 708AA(2)(f) of the Corporations Act, as modified by the Legislative Instruments;

• c) As at the date of this notice, MKL has complied with;

• i. The provisions of Chapter 2M of the Act as they apply to MKL; and

• ii. Sections 674 and 674A of the Corporations Act;

• d) As at the date of this notice, there is no ‘excluded information’ of the type referred to in sections 708AA(8) and 708AA(9) of the Corporations Act that is required to be set out in this notice under section 708AA(7)(d) of the Corporations Act; and

Mighty Kingdom Limited (ASX: MKL)

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• e) The potential effect of the issue of New Shares will have on the control of MKL, and the consequences of that effect, will depend on a number of factors, including investor demand and existing shareholdings. However, given:

• i. The size and pricing of the Entitlement Offer;

• ii. The structure of the Entitlement offer as a pro rata offer;

• iii. The ability for shareholders to renounce and trade their entitlements;

• iv. The availability of various shortfall “dispersion” strategies, including a top-up facility;

• v. Short fall placement arrangements and restrictions with the Joint Lead Managers; and

• vi. The current level of holdings of substantial shareholders (based on substantial holding notices that have been given to MKL and lodged with ASX on or prior to the date of this notice),

MKL does not expect the Entitlement Offer will have a material effect or consequence on the control of MKL.

This announcement has been authorised for release by the Board of Directors of Mighty Kingdom Limited.

For further information, please contact

David Yin Duncan Gordon Chief Executive Officer Executive Director Mighty Kingdom Limited Cerberus Advisory E: hello@mightykingdom.com T: +61 404 006 444

ABOUT MIGHTY KINGDOM LIMITED

Since its formation in 2010, Mighty Kingdom has released over 50 games that have been downloaded more than 50 million times. These games include the popular Shopkins, LEGO Friends: Heartlake Rush, Gabby’s Dollhouse, Wild Life and Ava’s Manor. Mighty Kingdom is one of the largest independent game developers in Australia, working with top tier entertainment and gaming companies including Disney, LEGO, Sony, Funcom, Rogue, and Snapchat. A team of experienced developers with significant experience across mobile and console platforms supports its clients to develop high-quality, successful games whilst driving Mighty Kingdom’s internal IP development

Mighty Kingdom Limited (ASX: MKL)