KAISER REEF LIMITED — Capital/Financing Update 2022

Oct 6, 2022

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ASX RELEASE

7 October 2022

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

This notice is given by Kaiser Reef Limited ( ASX: KAU ) ( “Kaiser” or the “Company” ) in relation to the issue of 216,445 fully paid ordinary shares ( Shares ) pursuant to the Appendix 2A released to the market today.

The Corporations Act 2001 (Cth) (Act) restricts the on-sale of securities issued without disclosure unless the sale is exempt under section 708 or 708A of the Act. By giving this notice, the Shares will fall within the exemption in section 708A(5) of the Act.

Pursuant to section 708A(5)(e) of the Act the Company gives notice that:

• a. the Shares were issued without disclosure to investors under Part 6D.2 of the Act;

• b. the Company is providing this notice under paragraph (5)(e) of section 708A of the Act;

• c. as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company;

• d. as at the date of this notice, the Company has complied with section 674 of the Act; and

• e. as at the date of this notice, there is no information:

  • i. that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

  • ii. that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of: (A) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or (B) the rights and liabilities attaching to the Shares.

This announcement has been authorised for release to the market by Managing Director, Jonathan Downes.

For further information:

Jonathan Downes Managing Director admin@kaiserreef.com.au

Kaiser Reef Limited Corporate Office: Unit 3, 335 Hay Street, Subiaco WA 6008 Tel: +61 (08) 9481 0389 Website : www.kaiserreef.com.au Email: admin@kaiserreef.com.au