LEGEND MINING LIMITED — Share Issue/Capital Change 2023

Mar 20, 2023

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

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Announcement Summary

Entity name

LEGEND MINING LIMITED

Date of this announcement

Tuesday March 21, 2023

The +securities the subject of this notification are:

+Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

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	Unlisted ESOP options	18,500,000	20/03/2023
to be confirmed

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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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

LEGEND MINING 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

ABN

Registration number

22060966145

1.3 ASX issuer code

LEG

1.4 The announcement is

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New announcement

1.5 Date of this announcement

21/3/2023

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

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

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New +securities issued under an +employee incentive scheme
ASX +security code +Security description
New class - code to be confirmed Unlisted ESOP options
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
20/3/2023
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?
No
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
listing rule 6.1?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
Notice of AGM for 14 May 2020 which includes Summary of ESOP plan
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02224147-6A974962?access_token=83
ff96335c2d45a094df02a206a39ff4
Options Details
+Security currency Exercise price Expiry date
AUD - Australian Dollar AUD 0.00000000 17/3/2028
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
Other
Description
Unlisted zero exercise price options issued to eligible participants pursuant to the Company's ESOP approved at the
Annual General Meeting on 14 May 2020 issued for Nil consideration.
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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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

Unlisted zero exercise price options issued to eligible participants pursuant to the Company's ESOP approved at the Annual General Meeting in May 2020, issued for NIL consideration as part of employee remuneration. Issued pursuant to exception in ASX Listing Rule 7.2 as a one-off incentive. https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02224147-6A974962?access_token=83 ff96335c2d45a094df02a206a39ff4

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

Exercise of options is subject to satisfaction of vesting conditions

Issue details

Number of +securities

18,500,000

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Part 4 - +Securities on issue

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
LEG : ORDINARY FULLY PAID	2,755,135,721
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
LEGAP : OPTION EXPIRING 10-AUG-2025 EX NIL	7,500,000
New class - code to be confirmed : Unlisted ESOP options	18,500,000

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

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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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