Life360, Inc. — Share Issue/Capital Change 2021

Jun 15, 2021

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ASX ANNOUNCEMENT

16 June 2021

Appendix 2A

Life360, Inc. (Life360 or the Company) (ASX: 360) refers to the Appendix 2A lodged with the ASX today following the vesting and settlement of employee restricted stock units (RSUs).

ASIC Instrument 20-0736

Pursuant to ASIC Instrument 20-0736, relief has been received in respect of the requirement for a notice under section 708A(5)(e) of the Corporations Act (‘Cleansing Notice’) to be provided for securities issued on the exercise of employee options or settlement of restricted stock units granted under Life360’s Stock Incentive Plan on or after 19 April 2019. As such, this Appendix 2A document will not be accompanied by a Cleansing Notice.

Authorisation

Chris Hulls, Director, Co-Founder and Chief Executive Officer of Life360 authorised this announcement being given to ASX

About Life360

Life360 operates a platform for today’s busy families, bringing them closer together by helping them better know, communicate with and protect the people they care about most. The Company’s core offering, the Life360 mobile app, is a market leading app for families, with features that range from communications to driving safety and location sharing. Life360 is based in San Francisco and has more than 28 million monthly active users (MAU) as at March 2021, located in more than 195 countries.

Life360’s CDIs are issued in reliance on the exemption from registration contained in Regulation S of the US Securities Act of 1933 (Securities Act) for offers of securities which are made outside the US. Accordingly, the CDIs, have not been, and will not be, registered under the Securities Act or the laws of any state or other jurisdiction in the US. As a result of relying on the Regulation S exemption, the CDIs are ‘restricted securities’ under Rule 144 of the Securities Act. This means that you are unable to sell the CDIs into the US or to a US person who is not a Qualified Institutional Buyer (QIB) for the foreseeable future except in very limited circumstances until after the end of the restricted period, unless the resale of the CDIs is registered under the Securities Act or an exemption is available. To enforce the above transfer restrictions, all CDIs issued bear a FOR Financial Product designation on the ASX. This designation restricts any CDIs from being sold on ASX to US persons excluding QIBs. However, you are still able to freely transfer your CDIs on ASX to any person other than a US person who is not a QIB. In addition, hedging transactions with regard to the CDIs may only be conducted in accordance with the Securities Act.

Life360, Inc. | ARBN 629 412 942 | 539 Bryant St, Suite 402, San Francisco, CA 94107 | investors.life360.com

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