IMUGENE LIMITED — Capital/Financing Update 2020

Dec 8, 2020

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9 December 2020

Exercise of Shortfall IMUOA Options

Imugene Limited ( ASX: IMU ) is pleased to advise that 515,077 shortfall options (IMUOA) exercisable at $0.026 per option, which expired on 30 November 2020 have been subscribed for in accordance with the terms of an Underwriting Agreement. (Refer ASX Announcement dated 9 September 2020).

Further details regarding the issue of the shares are contained within the accompanying Appendix 2A.

-End-

Level 3, 62 Lygon Street, Carlton, VIC, 3053,

AUSTRALIA

and documents given to ASX become ASX’s property and may be made public.

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0F0F ☒ ☐ ☐ Mandatory only if “Update” ticked in Q1.4 above. A Mandatory only if “Update” ticked in Q1.4 above. Mandatory only if “Cancellation” ticked in Q1.4 above. if “Cancellation” ticked in Q1.4 above.

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☒ ☐ ☐ ☐ ☐ ☐ ☐ ☐ “Being ” “Being ”

	your response to Q2.1 is “Being 3B” “ ”.
	“Being ”.
	is“Being ”.
c	Answer this question if your response to Q2.1 is “Being converted”.
	Answer this question if your response to Q2.1 is “Being converted”
	“Unquoted partly paid securities that have been paid ecurities”.

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“Unquoted partly paid securities that have been paid up and are now quoted fully paid securities”. “Restricted securities where the escrow period has expired or is about to expire”. “Restricted securities where the escrow period has expired or is about to expire”. “Securities previously issued under a have ceased or are about to cease”. “ ”. “Securities issued under an employee incentive restriction on transfer”.

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“Securities issued under
restriction on transfer”.
“Securities issued under an employee incentive
restriction on transfer”.
your response to Q2.1 is “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”
is “Yes”.
the securities are being issued to the KMP, repeat the name of the KMP or insert “Same” in “Name of registered
holder”. If the securities are being issued to an associate of a KMP, insert the name of the associate in “Name of
registered holder”.
☐
is:
☐
“Other”. ☐
s
☐
☐
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* ☐
is:
☐
“Other”. ☐
s
☐
☐
Q2.1 is “Other”.
provide, please answer “Not applicable” or “N/A”.
option other than “Being
an Appendix 3B”.
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option other than “Being issued as part of a tran
an Appendix 3B” and is “Yes”.
☒
☐
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art if your response to Q2.1 is “Being issued as part of a transaction or t announced to the market in an Appendix 3B” and your response to Q2.3 is “existing class” or “new class”

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IMU

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– s

your response to Q2.1 is anything other than “Being issued as part of a transaction or transactions previously announced to the market in an Appendix 3B” and is “existing class”

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		“No”.											is
	c	“No” and									is“Yes”.

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	“No” and “No”.
	� � “No”

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your response to Q2.1 is anything other than “Being issued as part of a transaction or transactions previously announced to the market in an Appendix 3B” and is “ ”

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☐
☐
☐
Select “
” ☐ c
from either “Convertible d securities” or “Non ☐
c securities”. Select “Other” for
☐
“No”.
“No” and your response to Q3 “Yes”
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“No” and your response to Q3 “No”
�
�
“No”
may
y
Platform.
If your response is “No” and the securities have any
C.
–
–
–
–
–
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Answer this question if you answered “Yes” to the answered “Yes” to the on any security considered ‘partly paid’ rity considered ‘partly paid’. ABC, please insert “One fully paid ordinary share (ASX:ABC)”.

c Refer to Guidance Note 34 and the “ ” for further information on certain terms used in this section ☐ ☐ ☐ ☐ ☐ ☐ ☐ ☐ ☐ ☐ ☐ ☐ ☐ ☐ ☐ ☐ ☐ ☐ ☐ A response is not required if you have selected “No coupon/interest payments” in response to the your response to the previous question is “Yes”. Answer “Unknown” if the date is not known at this time.

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	question is “Yes”.
	question is “Yes”
	� “s128F exempt” means interest payments are not � “Not s128F exempt” means interest payments are � “s128F exemption status unknown” means the � “Not applicable” means s128F is not applicable to	☐ ☐ ☐ ☐

☐ ☐ ☐ ☐ ☐ ☐ ☐ ☐ ☐ ☐ ☐ ☐ ☐ ☐ ☐ ☐ question is “Yes” “converting”, “convertible”, “transformable” or “exchangeable”. ABC, please insert “1,000 fully paid ordinary s (ASX:ABC)”.

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is “Yes”. is “No”. consideration, answer this question “No”.

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is “Yes” Answer this question if your response to Q4.2 is “Yes” answer Q4.2 as “No” and complete Q4.2c and Q4.2d. Answer this question if your response to Q4.2 is “No”. “ ” Answer this question if your response to Q4.2 is No .

– c

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s c
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s c	s c	s c
	Class of securities
Number of Options	Security Type	Exercise Price		Expiration Date	ASX Code
235,618,747	Listed Options	AUD$0.040		30 Nov 2021	IMUOB
224,682,634	Listed Options	AUD$0.054		30 Nov 2022	IMUOC
460,301,381	Total

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Class of securities Number of Options Security Type Exercise Price Expiration Date ASX Code 20,000,000 Unlisted Options AUD$0.040 30 Jun 2021 IMUOP14 35,000,000 Unlisted Options AUD$0.042 30 Jun 2021 IMUOP15 35,000,000 Unlisted Options AUD$0.045 30 Jun 2021 IMUOP16 25,000,000 Unlisted Options AUD$0.040 13 Jun 2022 IMUOP19 20,000,000 Unlisted Options AUD$0.040 8 Nov 2022 IMUOP20 40,000,000 Unlisted Options AUD$0.042 8 Nov 2022 IMUOP21 40,000,000 Unlisted Options AUD$0.045 8 Nov 2022 IMUOP22 30,000,000 Unlisted Options AUD$0.040 18 Nov 2022 IMUOP23 5,000,000 Unlisted Options AUD$0.060 30 Sep 2023 IMUOP24 5,000,000 Unlisted Options AUD$0.065 30 Sep 2023 IMUOP25 255,000,000 Total

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art)

• “Being issued under a ” is “ ” - “ ”

“

in an Appendix 3B”

“ ”. entity’s 15% “ ”. entity’s 15% placement capacity under

Answer this question if the response to Q6.1 is “No” and the response to Q6.1b is “Yes”. entity’s additional 10% placement capacity “ ”. entity’s additional 10% placement capacity Answer this question if the response to Q6.1 is “No” and the response to Q6.1c is “Yes”.

ABN: 99 009 179 551

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9 December2020

ASX ANNOUNCEMENT

Notice Under Section 708A(5) of the Corporations Act 2001

[ASX Code: IMU]

This notice is given under paragraph (5)(e) of section 708A of the Corporations Act 2001 .

Type:	Shares	Shares
Class/description:	Ordinary	Ordinary
ASX code:	IMU	IMU
Date of issue:	9 December 2020	9 December 2020
Number issued:	515,077	3,946,046
Issue price per security:	Issued to the underwriter at $0.026 per share as per the ASX announcement on 9 September 2020.	Issued in lieu of cash for $0.029 per share for services rendered per agreement.

Accordingly, the Company gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) (the

" Corporations Act ") that:

1. the abovementioned ordinary shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act ;

2. as at the date of this notice the Company has complied with:

3. (i) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

4. (ii) section 674 of the Corporations Act ; and

5. as at the date of this notice there is no "excluded information" (as defined in subsection 708A(7) of the Corporations Act ) which is required to be disclosed by the Company.

For and on behalf of the Company,

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Phillip Hains Company Secretary