NANOLLOSE LIMITED — Capital/Financing Update 2020

Apr 29, 2020

Proposed issue of securities

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Announcement Summary

Entity name

NANOLLOSE LIMITED

Announcement Type

New announcement

Date of this announcement

Thursday April 30, 2020

The Proposed issue is:

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A placement or other type of issue

Total number of +securities proposed to be issued for a placement or other type of issue

Maximum Number of ASX +Security Code +Security Description +securities to be issued NC6 ORDINARY FULLY PAID 2,302,083

Proposed +issue date

Monday November 30, 2020

Refer to next page for full details of the announcement

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Proposed issue of securities

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Part 1 - Entity and announcement details

1.1 Name of +Entity

NANOLLOSE LIMITED

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

1.2 Registered Number Type

ABN

Registration Number

13601676377

1.3 ASX issuer code

NC6

1.4 The announcement is

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New announcement

1.5 Date of this announcement

Thursday April 30, 2020

1.6 The Proposed issue is:

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A placement or other type of issue

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Part 7 - Details of proposed placement or other issue

Part 7A - Conditions

7A.1 - Are any of the following approvals required for the placement or other type of issue? +Security holder approval Court approval Lodgement of court order with +ASIC ACCC approval FIRB approval Another approval/condition external to the entity Yes

7A.1a Conditions

Approval/Condition	Date for determination	Is the date estimated or	** Approval
+Security holder approval	Monday November 30, 2020	actual?	received/condition met?
		Estimated	No

Comments

The Company intends to seek shareholder approval for the issue of the securities the subject of this Appendix 3B at the Company's Annual General Meeting to be held during November 2020. The date above is indicative only.

Part 7B - Issue details

Is the proposed security a 'New Will the proposed issue of this class' (+securities in a class that is +security include an offer of not yet quoted or recorded by ASX) attaching +securities? or an 'Existing class' (additional No securities in a class that is already quoted or recorded by ASX)? Existing class

Details of +securities proposed to be issued

ASX +Security Code and Description

NC6 : ORDINARY FULLY PAID

Maximum Number of +securities proposed to be issued

2,302,083

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Proposed issue of securities

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Purpose of the issue

Subject to shareholders approval, the Company has agreed to issue shares to Directors in lieu of cash fees of up to $55,250 for the period 1 May 2020 to 30 June 2021.

Refer to the "Quarterly Update and Appendix 4C" released to the ASX on 30 April 2020 for further information.

Offer price details for retail security holders In what currency is the cash What is the issue price per consideration being paid? +security? AUD - Australian Dollar AUD 0.02400

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

Oversubscription & Scale back details

May a scale back be applied to this event? No

Part 7C - Timetable

7C.1 Proposed +issue date

Monday November 30, 2020

Part 7D - Listing Rule requirements

7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes

7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 Monday November 30, 2020

7D.2 Is a party referred to in listing rule 10.11.1 participating in the proposed issue? Yes

7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No

7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? No

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Part 7E - Fees and expenses

7E.1 Will there be a lead manager or broker to the proposed issue? No

7E.2 Is the proposed issue to be underwritten? No

7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue

Part 7F - Further Information

7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No

7F.2 Any other information the entity wishes to provide about the proposed issue

The number of shares to be issued, and the issue price quoted in this Appendix 3B are indicative only. The actual number of shares and the issue price will be calculated with reference to the monthly volume weighted average price of NC6 Shares traded on ASX for each month between 1 May 2020 to 30 June 2021.

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