JAYRIDE GROUP LIMITED — Capital/Financing Update 2021

Aug 10, 2021

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

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Announcement Summary

Entity name

JAYRIDE GROUP LIMITED

Date of this announcement

Wednesday August 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	Class E Employee Options	1,228,573	08/08/2021
to be confirmed

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

JAYRIDE GROUP 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

155285528

1.3 ASX issuer code

JAY

1.4 The announcement is

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New announcement

1.5 Date of this announcement

11/8/2021

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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 New class - code to be confirmed	+Security description Class E Employee Options
+Security type	ISIN code
Options

Date the +securities the subject of this notification were issued 8/8/2021

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
Peter McWilliam	Same	350,259
Elizabeth Lovell	Same	291,502

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.jayride.com/wp-content/uploads/asx-announcements/2020-09-24-2-Notice-of-Annual-General-Meeting-and-P roxy-Form.pdf

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.30000000 30/6/2026

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

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

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Description

Fully Paid Ordinary Shares

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.jayride.com/wp-content/uploads/asx-announcements/2020-09-24-2-Notice-of-Annual-General-Meeting-and-P roxy-Form.pdf

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

Issue details

Number of +securities

1,228,573

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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
JAY : ORDINARY FULLY PAID	176,384,258

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
JAYAG : WARRANTS	3,616,637
JAYAL : PERFORMANCE OPTION EXPIRING 31-DEC-2021 EX $0.55	300,000
JAYAM : PERFORMANCE OPTION EXPIRING 31-DEC-2021 EX $0.60	300,000
JAYAN : PERFORMANCE OPTION EXPIRING 31-DEC-2021 EX $0.65	300,000
JAYAO : PERFORMANCE OPTION EXPIRING 31-DEC-2021 EX $0.80	300,000
JAYAP : PERFORMANCE OPTION EXPIRING 31-DEC-2021 EX $0.95	300,000
JAYAQ : PERFORMANCE OPTION EXPIRING 31-DEC-2021 EX $1.10	300,000
JAYAR : PERFORMANCE OPTION EXPIRING 31-DEC-2022 EX $0.50	300,000
JAYAS : PERFORMANCE OPTION EXPIRING 30-JUN-2024 EX $0.30	1,200,000
JAYAJ : OPTION EXPIRING 30-JUN-2025 EX $0.30	2,723,132
JAYAK : OPTION EXPIRING 30-JUN-2025 EX $0.30 CLASS D	2,214,882
JAYAI : OPTION EXPIRING 30-JUN-2024 EX 55.3C	1,484,581
JAYAH : OPTION EXPIRING 30-JUN-2023 EX 53.3C	2,394,830

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1,228,573

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New class - code to be confirmed : Class E Employee Options

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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? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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