HELIX RESOURCES LIMITED — Share Issue/Capital Change 2021

Dec 6, 2021

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

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Announcement Summary

Entity name

HELIX RESOURCES LIMITED

Date of this announcement

Tuesday December 07, 2021

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	non-executive director options	2,400,000	06/12/2021
to be confirmed
New class - code	non-executive director options	2,400,000	06/12/2021
to be confirmed
New class - code	non-executive director options	2,400,000	06/12/2021
to be confirmed

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

HELIX RESOURCES 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

ACN

Registration number

009138738

1.3 ASX issuer code

HLX

1.4 The announcement is

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New announcement

1.5 Date of this announcement

7/12/2021

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

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Other

Please specify

unquoted non-executive director incentive options

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")

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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

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New +securities
ASX +security code +Security description
New class - code to be confirmed non-executive director options
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
6/12/2021
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?
Yes
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02438410
Resolution 7
Options Details
+Security currency Exercise price Expiry date
AUD - Australian Dollar AUD 0.03600000 6/12/2024
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
Other
Description
Ordinary Shares
Any other information the entity wishes to provide about the +securities the subject of this notification
Refer to Resolution 7 of the 2021 Notice of Annual General Meeting for full details.
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
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the market in an Appendix 3B

Issue was subject to shareholder approval

Issue details

Number of +securities

2,400,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Issued as incentive

Purpose of the issue

Other

Additional Details

Issued as incentive

New +securities

ASX +security code New class - code to be confirmed	+Security description non-executive director options
+Security type	ISIN code
Options

Date the +securities the subject of this notification were issued

6/12/2021

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? Yes

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02438410

Resolution 7

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Options Details

+Security currency

AUD - Australian Dollar

Exercise price Expiry date AUD 0.06300000 6/12/2024

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

Other

Description

Ordinary Shares

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

Refer to Resolution 7 of the 2021 Notice of Annual General Meeting for full details.

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

Issue was subject to shareholder approval

Issue details

Number of +securities

2,400,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Issued as incentive

Purpose of the issue

Other

Additional Details

Issued as incentive

New +securities

ASX +security code

New class - code to be confirmed

+Security description

non-executive director options

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+Security type ISIN code Options

Date the +securities the subject of this notification were issued

6/12/2021

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? Yes

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02438410 Resolution 7

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.08100000 6/12/2024 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other

Description

Ordinary Shares

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

Refer to Resolution 7 of the 2021 Notice of Annual General Meeting for full details.

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

Issue was subject to shareholder approval

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Issue details

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Number of +securities

2,400,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Issued as incentive

Purpose of the issue

Other

Additional Details

Issued as incentive

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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
HLX : ORDINARY FULLY PAID	1,258,479,250
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
HLXAE : OPTION EXPIRING 10-DEC-2021 EX $0.065	12,000,000
HLXAI : PERFORMANCE OPTIONS	12,541,667
HLXAK : PERFORMANCE RIGHTS	17,700,000
HLXAJ : OPTION EXPIRING 26-MAY-2024 EX $0.054	10,000,000
HLXAH : OPTION EXPIRING 23-FEB-2024 EX $0.02	8,000,000
New class - code to be confirmed : non-executive director options	2,400,000
New class - code to be confirmed : non-executive director options	2,400,000
New class - code to be confirmed : non-executive director options	2,400,000

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? Yes

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

14

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