IMAGE RESOURCES NL — Transaction in Own Shares 2021

Sep 26, 2021

Notification of buy-back

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Announcement Summary Name of entity IMAGE RESOURCES NL Announcement type Update announcement Type of update Daily buy-back notification Date of this announcement 27/9/2021 Reason for update Daily buy-back notification

ASX Security code and description of the class of +securities the subject of the buy-back IMA : ORDINARY FULLY PAID The type of buy-back is: Employee share scheme buy-back

Total number of +securities bought back before previous day

0

Total number of +securities bought back on previous day 1,053,041

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

IMAGE RESOURCES NL

We (the entity named above) provide the following information about our buy-back.

1.2 Registration number type Registration number ABN 57063977579

1.3 ASX issuer code

IMA

1.4 The announcement is

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Update/amendment to previous announcement

1.4a Type of update

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Daily buy-back notification

1.4b Reason for update

Daily buy-back notification

1.4c Date of initial notification of buy-back

7/9/2021

1.4d Date of previous announcement to this update

7/9/2021

1.5 Date of this announcement

27/9/2021

1.6 ASX Security code and description of the class of +securities the subject of the buy-back

IMA : ORDINARY FULLY PAID

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Part 2 - Type of buy-back

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2.1 The type of buy-back is:

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Employee share scheme buy-back

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Part 3 - Buy-back details

Part 3A - Details of +securities, price and reason

3A.1 Total number of +securities on issue in the class of +securities to be bought back 997,341,478

3A.2 Total number of +securities proposed to be bought back 1,053,041

3A.9 Are the +securities being bought back for a cash consideration? Yes

3A.9a Is the price to be paid for +securities bought back known? Yes

3A.9a.1 In what currency will the buy-back consideration 3A.9a.2 Buy-back price per +security be paid?

AUD - Australian Dollar 0.20830000

Part 3B - Buy-back restrictions and conditions

3B.1 Does the buy-back require security holder approval? No

3B.3 Are there any other conditions that need to be satisfied before the buy-back offer becomes unconditional? No

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Part 3C - Key dates

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Employee Share Scheme, Selective and Other Buy-Backs

3C.1 Anticipated date buy-back will occur

27/9/2021

Part 3D - Other Information

3D.1 Any other information the entity wishes to notify to ASX about the buy-back

The shares were issued to employees under the Company's Employee Share Plan (ESP) as part of the ESP grants in September 2019 and October 2020. Some of those employees have ceased employment with the Company and the loans made to the employees to fund the issue of the shares became repayable on the cessation of employment. In accordance with the terms of the ESP, the Board has determined that the Company will buy back and cancel the relevant shares, with the proceeds applied to offset the loans.

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Part 4 - Daily buy-back notification

A daily buy-back notification must be submitted for Employee share scheme, On-market, Equal access share scheme and Other buy-backs at least half an hour before the commencement of trading on the +business day after any day on which +securities are bought back (per listing rule 3.8A)

Please verify if the pre-populated values are accurate as they are only indicative based on previous online submissions. The pre-populated values may not be accurate if previous online submissions are still in-flight or in case of announcements made via a MS Word form.

Whilst you may over-ride a pre-populated value, once over-ridden it will not be possible to retrieve the previously pre-populated value.

4.1 Date of this notification

27/9/2021

4.2 Previous day on which +securities were bought back

24/9/2021

	Before previous day	On previous day
4.3 Total number of +securities bought back, or in relation to which acceptances have been received	0	1,053,041
4.4 Total consideration paid or payable for the +securities	AUD 0.00000	AUD 219,390.84000

4.8 If the entity has disclosed an intention to buy back a maximum number of +securities, the remaining number of +securities to be bought back as at the end of the previous day

0

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