HYTERRA LTD — Share Issue/Capital Change 2023

Nov 20, 2023

Application for quotation of +securities

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Announcement Summary

Entity name

HYTERRA LTD

Announcement Type

New announcement

Date of this announcement

Tuesday November 21, 2023

The +securities to be quoted are:

+Securities issued under an +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
New class - code	QUOTED OPTION EXPIRING 30-JUN-2025	2,500,000	13/04/2023
to be confirmed

Refer to next page for full details of the announcement

Application for quotation of +securities

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Application for quotation of +securities

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Part 1 - Entity and announcement details

1.1 Name of entity

HYTERRA LTD

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

ABN

Registration number 68116829675

1.3 ASX issuer code

HYT

1.4 The announcement is

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New announcement

1.5 Date of this announcement

21/11/2023

Application for quotation of +securities

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Application for quotation of +securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities issued under an +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer

2.2 The +securities to be quoted are:

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New +securities in a class that is not yet quoted on ASX ("new class")

Application for quotation of +securities

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Application for quotation of +securities

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Part 3C - number and type of +securities to be quoted (new class) where issue has not previously been notified to ASX in an Appendix

3B

+Securities issued under an +employee incentive scheme to be quoted in a new class

FROM (Existing Class) ASX +security code and description HYTAI : OPTION EXPIRING 30-JUN-2025 EX $0.025

TO (New Class) ASX +security code

New class - code to be confirmed

TO (New Class) +Security description QUOTED OPTION EXPIRING 30-JUN-2025

TO (New Class) TO (New Class) +Security type ISIN Code Options

Please state the number of +securities issued under the +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer 2,500,000

Please provide details of a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

Options issued under the Company's incentive securities plan.

Are any of these +securities being issued to +key management personnel (KMP) or an +associate No

Issue date

13/4/2023

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

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under

Application for quotation of +securities

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Application for quotation of +securities

listing rule 6.1? No

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Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column - including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

		Total percentage of +securities held
Number of +securities held	Number of holders	For example, to enter a value of 50%
		please input as 50.00
1 - 1,000		%
1,001 - 5,000		%
5,001 - 10,000		%
10,001 - 100,000		%
100,001 and over		%
Options Details
+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.02500000	30/6/2025

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

HYT : ORDINARY FULLY PAID

Number of +securities that will be issued if an option is exercised

One ordinary fully paid share for each option exercised

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

Application for quotation of +securities

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Application for quotation of +securities

Issue details

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Number of +securities to be quoted

2,500,000

Are the +securities being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Options issued under the Company's incentive securities plan.

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

• 0.012300

Any other information the entity wishes to provide about the +securities to be quoted

Application for quotation of +securities

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Application for quotation of +securities

Part 4 - Issued capital following quotation

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Following the quotation of the +securities the subject of this application, the issued capital 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 on ASX following the +quotation of the +securities subject of this application)

	Total number of
ASX +security code and description	+securities on issue
HYT : ORDINARY FULLY PAID	562,498,682
HYTO : OPTION EXPIRING 31-OCT-2025	45,533,334
New class - code to be confirmed : QUOTED OPTION EXPIRING 30-JUN-2025	2,500,000
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
HYTAF : OPTION EXPIRING 30-JUN-2025 RESTRICTED	154,600,000
HYTAE : OPTION EXPIRING 30-JUN-2025 EX $0.025	40,250,000
HYTAG : OPTION EXPIRING 30-JUN-2025 RESTRICTED	32,150,000
HYTAH : PERFORMANCE RIGHTS RESTRICTED	44,000,000
HYTAK : OPTION EXPIRING 25-OCT-2026 EX NIL	46,000,000
HYTAI : OPTION EXPIRING 30-JUN-2025 EX $0.025	0
HYTAD : ORDINARY FULLY PAID RESTRICTED	44,004,200
HYTAJ : OPTION EXPIRING 30-MAY-2028 EX NIL	5,000,000

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

Application for quotation of +securities

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Application for quotation of +securities

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Part 5 - Other Listing Rule requirements

5.1 Are the +securities being issued under an exception in Listing Rule 7.2 and therefore the issue does 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

13

Application for quotation of +securities

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