HERAMED LIMITED — Capital/Financing Update 2021

Feb 3, 2021

Proposed issue of securities

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Announcement Summary

Entity name

HERAMED LIMITED

Announcement Type

New announcement

Date of this announcement

Thursday February 4, 2021

The Proposed issue is:

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A placement or other type of issue

Total number of +securities proposed to be issued for a placement or other type of issue

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
n/a	unlisted options with an expiry of $0.20 and expiry of 12	1,000,000
	months

Proposed +issue date Tuesday March 30, 2021

Refer to next page for full details of the announcement

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Part 1 - Entity and announcement details

1.1 Name of +Entity

HERAMED 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.

1.2 Registered Number Type

ACN

Registration Number

626295314

1.3 ASX issuer code

HMD

1.4 The announcement is

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New announcement

1.5 Date of this announcement

Thursday February 4, 2021

1.6 The Proposed issue is:

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A placement or other type of issue

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Part 7 - Details of proposed placement or other issue

Part 7A - Conditions

7A.1 - Are any of the following approvals required for the placement or other type of issue? +Security holder approval Court approval Lodgement of court order with +ASIC ACCC approval FIRB approval Another approval/condition external to the entity Yes

7A.1a Conditions

Approval/Condition	Date for determination	Is the date estimated or	**** Approval**
+Security holder approval	Tuesday March 30, 2021	actual?	received/condition met?
		Estimated

Comments

1,000,000 unlisted options to be issued to PAC Partners and or nominees as fees for leading the placement announced 4 February 2021

Part 7B - Issue details

Is the proposed security a 'New Will the proposed issue of this class' (+securities in a class that is +security include an offer of not yet quoted or recorded by ASX) attaching +securities? or an 'Existing class' (additional 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 from Will the entity be seeking quotation ASX that the terms of the proposed of the 'new' class of +securities on +securities are appropriate and ASX? equitable under listing rule 6.1? No No ASX +security code +Security description New class-code to be confirmed unlisted options with an expiry of $0.20 and expiry of 12 months

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+Security typeOptionsNumber of +securities proposed to be issued1,000,000Offer price detailsAre the +securities proposed to be issued being issued for a cash consideration?Please describe the consideration being provided for the +securitiesAs fees for acting as lead manager and book runner for the placement announced to the market on 4 February 2021Please provide an estimate of the AUD equivalent of the consideration beingprovided for the +securities28,000.000000Will all the +securities issued in this class rank equally in all respects fromtheir issue date?Options detailsYesNo	+Security typeOptionsNumber of +securities proposed to be issued1,000,000Offer price detailsAre the +securities proposed to be issued being issued for a cash consideration?Please describe the consideration being provided for the +securitiesAs fees for acting as lead manager and book runner for the placement announced to the market on 4 February 2021Please provide an estimate of the AUD equivalent of the consideration beingprovided for the +securities28,000.000000Will all the +securities issued in this class rank equally in all respects fromtheir issue date?Options detailsYesNo	+Security typeOptionsNumber of +securities proposed to be issued1,000,000Offer price detailsAre the +securities proposed to be issued being issued for a cash consideration?Please describe the consideration being provided for the +securitiesAs fees for acting as lead manager and book runner for the placement announced to the market on 4 February 2021Please provide an estimate of the AUD equivalent of the consideration beingprovided for the +securities28,000.000000Will all the +securities issued in this class rank equally in all respects fromtheir issue date?Options detailsYesNo	+Security typeOptionsNumber of +securities proposed to be issued1,000,000Offer price detailsAre the +securities proposed to be issued being issued for a cash consideration?Please describe the consideration being provided for the +securitiesAs fees for acting as lead manager and book runner for the placement announced to the market on 4 February 2021Please provide an estimate of the AUD equivalent of the consideration beingprovided for the +securities28,000.000000Will all the +securities issued in this class rank equally in all respects fromtheir issue date?Options detailsYesNo
		s details
+ADHNPp		Security currencyUD - Australian DollarExercise priceAUD 0.2000Expiry dateWednesday March 30 2022
		,
		etails of the type of +security that will be issued if the option is exercisedMD : ORDINARY FULLY PAID
		umber of securities that will be issued if the option is exercised
		1,000,000
		lease provide a URL link for a document lodged with ASX setting out the material terms of the +securitiesroposed to be issued or provide the information by separate announcement.
		Please see ASX Announcement dated 4 February 2021

Part 7C - Timetable

7C.1 Proposed +issue date

Tuesday March 30, 2021

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Part 7D - Listing Rule requirements

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7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? No

7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? No

7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No

7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? No

7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No

7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? No

Part 7E - Fees and expenses

7E.1 Will there be a lead manager or broker to the proposed issue? No

7E.2 Is the proposed issue to be underwritten? No

7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue

Part 7F - Further Information

7F.01 The purpose(s) for which the entity is issuing the securities

As corporate fees to PAC Partners for leading the placement announced to the market 4 February 2021.

7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No

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7F.2 Any other information the entity wishes to provide about the proposed issue

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