KAISER REEF LIMITED — Share Issue/Capital Change 2023

Jan 29, 2023

Application for quotation of +securities

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Announcement Summary

Entity name

KAISER REEF LIMITED

Announcement Type

New announcement

Date of this announcement

Monday January 30, 2023

The +securities to be quoted are:

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+Restricted securities where the escrow period has expired or is about to expire

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
KAU	ORDINARY FULLY PAID	11,440,523	20/01/2021

Refer to next page for full details of the announcement

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Application for quotation of +securities

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Part 1 - Entity and announcement details

1.1 Name of entity

KAISER REEF 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 38635910271

1.3 ASX issuer code

KAU

1.4 The announcement is

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New announcement

1.5 Date of this announcement

30/1/2023

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

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+Restricted securities where the escrow period has expired or is about to expire

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")

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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 as a result of escrow expiring on an existing class

FROM (Existing Class) ASX +security code and description KAUAB : ORDINARY FULLY PAID RESTRICTED

TO (Existing Class) ASX +security code and description KAU : ORDINARY FULLY PAID

Please state the number of +restricted securities where the escrow period And the date the escrow restrictions has expired or is about to expire have ceased or will cease 11,440,523 28/1/2023

Issue date 20/1/2021

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

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Yes

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Application for quotation of +securities

Issue details

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Number of +securities to be quoted

11,440,523

Are the +securities being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Pursuant to Broker Offer, (section 4.5) Consideration Offer (section 4.6) and Advisor Offer (section 4.7) under Prospectus dated 4 December 2020

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

0.300000

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

Refer to Prospectus dated 4 December 2020 for further details

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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
KAU : ORDINARY FULLY PAID	141,697,682

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
KAUAK : OPTION EXPIRING 16-DEC-2024 EX $0.52	200,000
KAUAL : OPTION EXPIRING 16-DEC-2024 EX $0.60	200,000
KAUAN : PERFORMANCE RIGHTS EXPIRING 08-FEB-2023	200,000
KAUAB : ORDINARY FULLY PAID RESTRICTED	0
KAUAJ : OPTION EXPIRING 30-SEP-2024 EX $0.30	8,000,000
KAUAE : OPTION EXPIRING 31-JAN-2024 EX $0.40	4,500,000
KAUAD : OPTION EXPIRING 31-JAN-2023 EX $0.30	4,250,000
KAUAF : OPTION EXPIRING 21-FEB-2023 EX $0.30	1,750,000
KAUAR : OPTION EXPIRING 05-SEP-2025 EX $0.30	750,000
KAUAO : OPTION EXPIRING 08-MAR-2024 EX $0.52	250,000
KAUAP : OPTION EXPIRING 08-MAR-2024 EX $0.60	250,000
KAUAQ : PERFORMANCE RIGHTS	200,000
KAUAH : OPTION EXPIRING 20-JAN-2024 RESTRICTED	1,344,800

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