MASTERMYNE GROUP LIMITED — Capital/Financing Update 2021

Sep 2, 2021

Application for quotation of +securities

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Announcement Summary

Entity name

MASTERMYNE GROUP LIMITED

Announcement Type

New announcement

Date of this announcement

Friday September 03, 2021

The +securities to be quoted are:

+Securities issued under an +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
MYE	ORDINARY FULLY PAID	182,962	03/09/2021

Refer to next page for full details of the announcement

Application for quotation of +securities

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Application for quotation of +securities

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Part 1 - Entity and announcement details

1.1 Name of entity

MASTERMYNE GROUP 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

ACN

Registration number 142490579

1.3 ASX issuer code

MYE

1.4 The announcement is

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New announcement

1.5 Date of this announcement

3/9/2021

Application for quotation of +securities

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Application for quotation of +securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities issued under an +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer

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")

Application for quotation of +securities

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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 issued under an +employee incentive scheme

FROM (Existing Class) ASX +security code and description MYEAK : PERFORMANCE RIGHTS

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

Please state the number of +securities issued under the +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer 187,519

Please provide details of a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms Employee Performance Rights Plan https://www.mastermyne.com.au/wp-content/uploads/2020/07/EXE-GRP-POL-0021-Employee-Performance-Rights-PlanRules.pdf As outlined in the FY2021 Audited Financial Statements and Remuneration Report https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02408167-2A1316194?access_token=8 3ff96335c2d45a094df02a206a39ff4 Performance rights to convert to ordinary shares in the Company, subject to achievement of performance measures (hurdles), issued to the members of Executive and Senior Management team in relation to a short term incentive scheme. General Terms & Conditions of the Performance Rights are contained in the Company¿s Employee Performance Rights Plan. Performance Rights were initially granted as follows: 187,519 to members of the Executive and Senior Management Team Exercise Price : Nil Expiry Date: 1 October 2021 Conversion of 182,962 Fully paid ordinary shares to be issued (4,557 Performance Rights Lapse)

Are any of these +securities being issued to +key management personnel (KMP) or an +associate

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Application for quotation of +securities

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Yes

Provide details of the KMP or +associates being issued +securities

Name of KMP	Name of registered holder	Number of +securities
Brett George William Maff	The Maff Family Trust	98,684

Issue date

3/9/2021

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

Issue details

Number of +securities to be quoted

182,962

Are the +securities being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

nil

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

0.000000

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

Conversion of 182,962 Fully paid ordinary shares to be issued to Executive and Senior Management in relation to the Short Term Incentive Scheme (4,557 Performance Rights Lapse)

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Application for quotation of +securities

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 MYE : ORDINARY FULLY PAID 107,597,117 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 MYEAK : PERFORMANCE RIGHTS 1,889,172

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

Application for quotation of +securities

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Application for quotation of +securities

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Part 5 - Other Listing Rule requirements

5.1 Are the +securities being issued under an exception in Listing Rule 7.2 and therefore the issue does not need any security holder approval under Listing Rule 7.1? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

16/11/2020

Application for quotation of +securities

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