MARMOTA LIMITED — Share Issue/Capital Change 2021

Nov 7, 2021

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

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Announcement Summary

Entity name

MARMOTA LIMITED

Date of this announcement

Monday November 08, 2021

The +securities the subject of this notification are:

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Unquoted options that have been exercised or other unquoted +convertible securities that have been converted

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
MEU	ORDINARY FULLY PAID	2,000,000	08/11/2021

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

MARMOTA 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

38119270816

1.3 ASX issuer code

MEU

1.4 The announcement is

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New announcement

1.5 Date of this announcement

8/11/2021

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 2 - Issue details

2.1 The +securities the subject of this notification are:

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Unquoted options that have been exercised or other unquoted +convertible securities that have been converted

2.2b The +securities being issued, transferred or re-classified as a result of the options being exercised or other +convertible securities being converted are:

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securities that have already been quoted on ASX ("existing class")

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 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by: A transfer of existing +securities

The underlying securities being received by the holder are: Already quoted by ASX

Existing +securities converting into an existing class FROM (Existing Class) ASX +Security code and description MEUAC : OPTION EXPIRING 09-NOV-2021 EX 3C

TO (Existing Class) ASX +Security code and description MEU : ORDINARY FULLY PAID Please state the number of options The first date the options were The last date the options were that were exercised or other exercised or other +convertible exercised or other +convertible +convertible securities that were securities were converted securities were converted converted 8/11/2021 2,000,000

Is this all of the options or other +convertible securities on issue of that type? Yes

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? Yes

Are any of the options being exercised or other +convertible securities being converted held by +key management personnel (KMP) or an +associate? No

Date the +securities the subject of this notification were issued/transferred

8/11/2021

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

The total number of shares on issue, after the exercise of 2million options is: 968,533,690 + 2,000,000 = 970,533,690 ordinary shares.

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

Issue details

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Number of +securities

2,000,000

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 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
MEU : ORDINARY FULLY PAID	968,533,690
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
MEUAC : OPTION EXPIRING 09-NOV-2021 EX 3C	0
MEUAR : OPTION EXPIRING 22-JUL-2022 EX 10C	68,820,755
MEUAT : OPTION EXPIRING 23-AUG-2023 EX 10C	3,000,000
MEUAU : OPTION EXPIRING 08-DEC-2023 EX $0.10	4,000,000

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

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

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