MUSTERA PROPERTY GROUP LIMITED — Capital/Financing Update 2021

Oct 12, 2021

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PLACEMENT OF SHORTFALL FROM NON-RENOUNCEABLE RIGHTS OFFER

13 OCTOBER 2021

ASX CODE: MPX

DIRECTORS

Mr Nicholas Zborowski Executive Director

Mr Anthony Ho Non-Executive Director

Mr Jack Spencer-Cotton Non-Executive Director

COMPANY SECRETARY

Joan Dabon

CAPITAL STRUCTURE

Ordinary Shares: 142.2M Options: 18.5M

Mustera Property Group Ltd ( Mustera or the Company ) is pleased to advise that it has today issued New Shares and New Options comprising part of the shortfall from the non-renounceable rights offer ( Rights Offer ) that closed on 13 July 2021.

The Company issued a total of 6,000,000 New Shares at an issue price of $0.25 per New Share to raise an additional $1,500,000 (before costs), together with 3,000,000 free-attaching New Options exercisable at $0.30 on or before 20 July 2023 pursuant to the Shortfall offered under the Prospectus dated 10 June 2021.

Set out below is the full results of the Rights Offer:

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----- Start of picture text ----- Details New Shares New Options AUD ($)Offered under the34,867,832 17,433,899 8,716,958.00ProspectusSubscribed for under the22,008,911 11,004,449 5,502,227.75Rights OfferSubscribed for under the6,000,000 3,000,000 1,500,000.00Shortfall OfferTotal subscribed for under28,008,911 13,004,449 7,002,227.75the Prospectus----- End of picture text -----

The Appendix 2A and Appendix 3G follows this announcement.

AUTHORISED BY

COMPANY ENQUIRIES

THE BOARD OF DIRECTORS

Nicholas Zborowski Executive Director

15 McCabe Street North Fremantle WA 6159

T : +61 8 9386 7069 E : info@mustera.com.au W : www.mustera.com.au

Mustera Property Group Ltd ACN 142 375 522