FUTURE GENERATION AUSTRALIA LIMITED — Capital/Financing Update 2021

Sep 2, 2021

Proposed issue of securities

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Announcement Summary

Entity name

FUTURE GENERATION INVESTMENT COMPANY LIMITED

Announcement Type

New announcement

Date of this announcement

3/9/2021

The Proposed issue is:

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A bonus issue

Total number of +securities proposed to be issued for a bonus issue

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
New class-code to be	Bonus options	401,255,746
confirmed

Ex date

30/9/2021

+Record date

1/10/2021

+Issue date

4/10/2021

Refer to next page for full details of the announcement

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Proposed issue of securities

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Part 1 - Entity and announcement details

1.1 Name of +Entity

FUTURE GENERATION INVESTMENT COMPANY LIMITED

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

1.2 Registered Number Type

ABN

Registration Number

97063935553

1.3 ASX issuer code

FGX

1.4 The announcement is

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New announcement

1.5 Date of this announcement

3/9/2021

1.6 The Proposed issue is:

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A +bonus issue

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Proposed issue of securities

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Part 2 - Details of proposed bonus issue

Part 2A - Conditions

2A.1 Do any external approvals need to be obtained or other conditions satisfied before the +bonus issue can proceed on an unconditional basis? No

Part 2B - Issue details

Class or classes of +securities that will participate in the proposed issue and class or classes of +securities proposed to be issued

ASX +security code and description FGX : ORDINARY FULLY PAID Is the proposed security a 'New Will the proposed issue of this If the entity has quoted company class' (+securities in a class that is +security include an offer of options, do the terms entitle option not yet quoted or recorded by ASX) attaching +securities? holders to participate on exercise? or an 'Existing class' (additional No No securities in a class that is already quoted or recorded by ASX)? New class

Details of +securities proposed to be issued

ISIN Code (if Issuer is a foreign company and +securities are non CDIs)

Have you received confirmation fromASX that the terms of the proposed+securities are appropriate andequitable under listing rule 6.1?Will the entity be seeking quotationof the 'new' class of +securities onASX?ASX +security codeNew class-code to be confirmed+Security descriptionBonus optionsYesYes	Have you received confirmation fromASX that the terms of the proposed+securities are appropriate andequitable under listing rule 6.1?Will the entity be seeking quotationof the 'new' class of +securities onASX?ASX +security codeNew class-code to be confirmed+Security descriptionBonus optionsYesYes
New class-code to be confirmed	Bonus options

+Security type

Options

Issue ratio (ratio to existing holdings at which the proposed +securities will be issued)

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Proposed issue of securities

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The quantity of additional +securities For a given quantity of +securities to be issued held 1 1

What will be done with fractional Maximum number of +securities entitlements? proposed to be issued (subject to rounding) Fractions rounded up to the next 401,255,746 whole number

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Options details

+Security currency Exercise price Expiry date AUD - Australian Dollar AUD 1.4800 28/4/2023

Details of the type of +security that will be issued if the option is exercised

FGX : ORDINARY FULLY PAID

Number of securities that will be issued if the option is exercised

For each option that is exercised, one fully paid ordinary share (ASX: FGX) is issued, the maximum number of securities proposed to be issued is 401,255,746 fully paid ordinary shares.

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement.

Offer document dated 3 September 2021 is provided in today's separate ASX announcement.

Part 2C - Timetable

2C.1 +Record date

1/10/2021

2C.3 Ex date

30/9/2021

2C.4 Record date

1/10/2021

2C.5 +Issue date

4/10/2021

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2C.6 Date trading starts on a normal T+2 basis

5/10/2021

2C.7 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis

7/10/2021

Part 2D - Further Information

2D.1 Will holdings on different registers or subregisters be aggregated for the purposes of determining entitlements to the +bonus issue?

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No

2D.2 Countries in which the entity has +security holders who will not be eligible to participate in the proposed +bonus issue

For shareholders to be eligible, they must have a registered address in Australia or such other place determined by the Company in which it would be lawful to make the Bonus Issue.

2D.3 Will the entity be changing its dividend/distribution policy as a result of the proposed +bonus issue No

2D.4 Details of any material fees or costs to be incurred by the entity in connection with the proposed +bonus issue

N/A

2D.5 Any other information the entity wishes to provide about the proposed +bonus issue

No

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