HITIQ LIMITED — Capital/Financing Update 2021

Nov 10, 2021

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

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Announcement Summary

Entity name

HITIQ LIMITED

Date of this announcement

Thursday November 11, 2021

The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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	Director Options Expiring 10 November 2024	1,500,000	10/11/2021
to be confirmed	Exercisable at $0.30

Refer to next page for full details of the announcement

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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

HITIQ 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

609543213

1.3 ASX issuer code

HIQ

1.4 The announcement is

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New announcement

1.5 Date of this announcement

11/11/2021

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Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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

ASX +security code +Security description New class - code to be confirmed Director Options Expiring 10 November 2024 Exercisable at $0.30 +Security type ISIN code Options

Date the +securities the subject of this notification were issued

10/11/2021

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

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Otto Buttula	Webinvest Pty Ltd	600,000
Phil Carulli	Optima Financial Group Pty Ltd	300,000
Glenn Smith	Fast Tycoon Pty Ltd ATF The AA Smith Trust	300,000
Aidan Clarke	Deia Enterprises Pty Ltd	300,000

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/asxpdf/20211007/pdf/451dxf43l3jmp7.pdf

Options Details

+Security currency

AUD - Australian Dollar

Exercise price AUD 0.30000000

Expiry date 10/11/2024

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

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

Other

Description

HIQ - Ordinary Fully Paid

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://www.asx.com.au/asxpdf/20210615/pdf/44xd1kr8j3hz51.pdf

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

Issue details

Number of +securities

1,500,000

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Part 4 - +Securities on issue

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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
HIQ : ORDINARY FULLY PAID	113,056,183
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
HIQAO : OPTION EXPIRING 31-JUL-2024 EX $0.30	4,642,250
HIQAN : OPTION EXPIRING 18-DEC-2023 EX $0.30	1,333,334
HIQAA : ORDINARY FULLY PAID RESTRICTED	100,000
HIQAB : ORDINARY FULLY PAID RESTRICTED	19,262,835
HIQAD : OPTION EXPIRING 15-NOV-2022 RESTRICTED	2,500,000
HIQAE : OPTION EXPIRING 10-DEC-2023 RESTRICTED	2,100,000
HIQAF : OPTION EXPIRING 17-DEC-2023 RESTRICTED	599,999
HIQAG : OPTION EXPIRING 18-DEC-2023 RESTRICTED	8,000,000
HIQAH : OPTION EXPIRING 19-MAR-2024 RESTRICTED	599,999
HIQAJ : OPTION EXPIRING 25-MAR-2025 RESTRICTED	1,500,000
HIQAK : PERFORMANCE RIGHTS RESTRICTED	500,000
HIQAI : OPTION EXPIRING 25-MAR-2024 RESTRICTED	4,500,000
HIQAL : OPTION EXPIRING 30-JUN-2022 EX $0.30	758,330

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

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
HIQAM : OPTION EXPIRING 10-DEC-2023 EX $0.20	900,000
New class - code to be confirmed : Director Options Expiring 10 November 2024 Exercisable	1,500,000
at $0.30

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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? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

10/11/2021

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