MPR AUSTRALIA LIMITED — Share Issue/Capital Change 2021

Oct 17, 2021

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

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Announcement Summary

Entity name

MPOWER GROUP LIMITED

Date of this announcement

Monday October 18, 2021

The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
MPRAA	OPTIONS EXPIRING VARIOUS DATES EX	2,240,000	18/10/2021
	VARIOUS PRICES

Refer to next page for full details of the announcement

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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

MPOWER GROUP 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

73009485625

1.3 ASX issuer code

MPR

1.4 The announcement is

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New announcement

1.5 Date of this announcement

18/10/2021

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Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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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has an existing ASX security code ("existing class")

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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

ASX +security code and description

MPRAA : OPTIONS EXPIRING VARIOUS DATES EX VARIOUS PRICES

Date the +securities the subject of this notification were issued

18/10/2021

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

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

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Name of KMP Name of registered holder Number of +securities
Nathan Wise Investment Associates Pty Ltd 1,200,000
Ryan Scott Ryan Scott 500,000
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
a) 672,000 options with an exercise price of $0.075, a vesting date of 1 March 2023 and an expiry date of 31 May
2023.
b) 672,000 options with an exercise price of $0.075, a vesting date of 1 March 2024 and an expiry date of 31 May
2024.
c) 896,000 options with an exercise price of $0.075, a vesting date of 1 March 2025 and an expiry date of 31 May
2025.
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Any other information the entity wishes to provide about the +securities the subject of this notification

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

Issue details

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Number of +securities

2,240,000

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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
MPR : ORDINARY FULLY PAID	218,659,946
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
MPRAA : OPTIONS EXPIRING VARIOUS DATES EX VARIOUS PRICES	3,710,000
MPRAE : OPTION EXPIRING 27-APR-2024 EX $0.17	8,000,000
MPRAB : OPTION EXPIRING 31-MAY-2022 EX $0.03	228,000
MPRAC : OPTION EXPIRING 31-MAY-2023 EX $0.03	228,000
MPRAD : OPTION EXPIRING 31-MAY-2024 EX $0.03	304,000

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? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes

5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

2,240,000 Unlisted ESOP Options

5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No

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