IRON ROAD LIMITED — Share Issue/Capital Change 2021

Dec 15, 2021

Application for quotation of +securities

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Announcement Summary

Entity name

IRON ROAD LIMITED

Announcement Type

New announcement

Date of this announcement

Thursday December 16, 2021

The +securities to be quoted are:

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Other

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
IRD	ORDINARY FULLY PAID	917,771	16/12/2021

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

IRON ROAD LIMITED

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 51128698108

1.3 ASX issuer code

IRD

1.4 The announcement is

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New announcement

1.5 Date of this announcement

16/12/2021

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:

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Other

2.2 The +securities to be quoted are:

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Additional +securities in a class that is already quoted on ASX ("existing class")

2.3c Have these +securities been offered under a +disclosure document or +PDS? No

2.3d Please provide any further information needed to understand the circumstances in which you are applying to have these +securities quoted on ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

The Appendix 3B in relation to these shares was lodged as an ASX announcement on 16 December 2021.

This Appendix 2A relates to the Fee Share and Initial Placement shares.

Share issues in connection with the placement described in the announcement to ASX on 16 December 2021 have yet to be issued. Further details regarding the shares to be issued are set out in the announcement to ASX on 16 December 2021.

2.4 Any on-sale of the +securities to be quoted within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f)

Application for quotation of +securities

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Application for quotation of +securities

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

Additional +securities to be quoted in an existing class

ASX +security code and description

IRD : ORDINARY FULLY PAID Issue date 16/12/2021

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

Issue details

Number of +securities to be quoted

337,771

Are the +securities being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

As set out in the announcement on 16 December 2021, Ordinary Shares are being issued in satisfaction of the Company's obligation to pay a fee to the subscriber under the Subscription Agreement.

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

0.182000

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

The purpose(s) for which the entity is issuing the securities

To pay for services rendered

Please provide additional details

As set out in the announcement on 16 December 2021, Ordinary Shares are being issued in satisfaction of the Company's obligation to pay a fee to the subscriber under the Subscription Agreement.

Additional +securities to be quoted in an existing class

Application for quotation of +securities

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Application for quotation of +securities

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ASX +security code and description IRD : ORDINARY FULLY PAID Issue date 16/12/2021 Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Issue details Number of +securities to be quoted 580,000 Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities As set out in the announcement to the ASX on 16 December 2021, the initial 580,000 Ordinary Shares in the placement are being issued to the subscriber under the Subscription Agreement. Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 0.190000 Any other information the entity wishes to provide about the +securities to be quoted The estimated value per share is based on the Company's closing share price on 15 December 2021. The purpose(s) for which the entity is issuing the securities To raise additional working capital

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 IRD : ORDINARY FULLY PAID 795,508,065

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
IRDAD : PERFORMANCE RIGHTS	22,251,000
IRDAB : WARRANTS	40,000,000

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? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes

5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

917,771

5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No

Application for quotation of +securities

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