METAL POWDER WORKS LIMITED — Share Issue/Capital Change 2021

Mar 31, 2021

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ASX: KTG

ASX Announcement | 1 April 2021

Notification of Expiry of Listed Options

K-TIG Limited (ASX: KTG) (“K-TIG” or the “Company”), wishes to advise that the attached letter has been sent to holders of listed options (ASX:KTGOB) exercisable at $0.23 on or before 30 April 2021.

The last date of quotation of KTGOB options on the ASX will be 23 April 2021.

• ENDS -

This announcement was authorised for issue by the Board of K-TIG Limited.

For more information, please contact:

Company enquiries Adrian Smith K-TIG Limited P: +61 8 7324 6800

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K-TIG Limited (ACN 158 307 549) ◼ ASX:KTG ◼ 16 Ord Street, West Perth ◼ +618 9482 0500 ◼ www.k-tig.com

C H A N G I N G T H E E C O N O M I C S O F F A B R I C A T I O N

ASX: KTG

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30 March 2021

Dear Optionholder

EXPIRY OF KTGOB LISTED OPTIONS

We are writing to you as a registered holder of K-TIG Limited’s ( Company ) listed options exercisable at $0.23 on or before 30 April 2021 ( Listed Options ). The number of options you hold is included in the enclosed Notice of Exercise of Options form ( Notice of Exercise form ). These options entitle you to acquire one fully paid ordinary shares in the issued capital of the Company, for each option you choose to exercise.

You are formally advised that these Listed Options will expire at 5:00pm (WST) on Friday, 30 April 2021. Official quotation of these Listed Options will cease at the close of trading on Friday, 23 April 2021.

The Listed Options may be exercised in whole or part by completing the Notice of Exercise form enclosed and returning it, together with payment of $0.23 for each share applied for, by no later than 5:00pm (WST) on Friday, 30 April 2021. Please note that the Notice of Exercise form is only effective when the Company has received payment in full for the quantity of shares being applied for in cleared funds.

If the Notice of Exercise form, together with payment in cleared funds, is not received by the Company on or before 5:00pm (WST) on Friday, 30 April 2021, the Listed Options will be not exercised and will lapse.

The latest available market (closing) price of shares in the Company on the ASX was $0.45 on 29 March 2021 being the last trading day prior to the date of this notice. During the three months preceding the date of this notice, the highest market (closing) price of shares in the Company on the ASX was $0.57 on 3 March 2021 and the lowest market (closing) price of shares in the Company on the ASX was $0.32 on 30 December 2020.

Once your Notice of Exercise form is complete and signed, please submit it to the Company, together with payment, by mail or by email in accordance with the instructions on the Notice of Exercise form, to be received with cleared funds no later than 5:00pm (WST) on Friday, 30 April 2021.

If you have any further queries, please do not hesitate to contact the Share Registry (Automic) on 1300 288 644 (within Australia) or +61 2 9698 5414 (from outside Australia), or alternatively the Company Secretary on +61 8 9492 0500.

Kind regards,

Deborah Ho Company Secretary K-TIG Limited

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K-TIG Limited (ACN 158 307 549) ◼ ASX:KTG ◼ 16 Ord Street, West Perth ◼ +618 9482 0500 ◼ www.k-tig.com

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C H A N G I N G T H E E C O N O M I C S O F F A B R I C A T I O N

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K-TIG Limited| ACN 158 307 549

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SRN/HIN: Security Code: KTGOB Number of Options Held: Option Expiry Date: 30/04/2021 Exercise Price: $0.23

NOTICE OF EXERCISE OF OPTIONS

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BY MAIL BY EMAIL

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