MURRAY COD AUSTRALIA LIMITED — Share Issue/Capital Change 2021

Nov 25, 2021

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

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Announcement Summary

Entity name

MURRAY COD AUSTRALIA LIMITED

Date of this announcement

Friday November 26, 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
New class - code	Unlisted options, exercisable at $0.53 each,	16,000,000	26/11/2021
to be confirmed	expiring on 25 November 2025

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

MURRAY COD AUSTRALIA 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

74143928625

1.3 ASX issuer code

MCA

1.4 The announcement is

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New announcement

1.5 Date of this announcement

26/11/2021

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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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does not have an existing ASX security code ("new class")

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

ASX +security code New class - code to be confirmed	+Security description Unlisted options, exercisable at $0.53 each, expiring on 25 November 2025
+Security type	ISIN code
Options

Date the +securities the subject of this notification were issued

26/11/2021

Will all the +securities issued in this class rank equally in all respects from their issue date? 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.

Name of KMP	Name of registered holder	Number of +securities
Ross Anderson	Kimbalex Pty Ltd	5,000,000
Mathew Ryan	M&B Ryan Pty Ltd	5,000,000
Martin Priestley	Parsley Hay Pty Ltd Family>	2,000,000
Roger Commins	Brigalow Enterprises Pty Ltd	2,000,000
David Crow	Mazosa Pty Ltd Trust>	2,000,000

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1?

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No

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

https://www.asx.com.au/asxpdf/20211013/pdf/451lkpglt37f99.pdf

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

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Options Details

+Security currency

AUD - Australian Dollar

Exercise price AUD 0.53000000

Expiry date 25/11/2025

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Description

MCA: Fully Paid Ordinary Shares, to be issued upon exercise of these options

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

https://www.asx.com.au/asxpdf/20201119/pdf/44q1wk0pkh8gn1.pdf

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

Options vest progressively at 1 July each year from 1 July 2022 to 1 July 2025 as set out in the notice of annual general meeting dated 13 October 2021.

Issue details

Number of +securities

16,000,000

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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
MCA : ORDINARY FULLY PAID	669,018,007

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
MCAAA : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	77,525,000
MCAAB : PERFORMANCE RIGHTS	15,000,000
MCAAC : OPTION EXPIRING 03-JAN-2025 EX $0.25	18,500,000
New class - code to be confirmed : Unlisted options, exercisable at $0.53 each, expiring on	16,000,000
25 November 2025

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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? Yes

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

19/11/2021

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