NANOLLOSE LIMITED — Capital/Financing Update 2021

Sep 14, 2021

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

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Announcement Summary

Entity name

NANOLLOSE LIMITED

Date of this announcement

Wednesday September 15, 2021

The +securities the subject of this notification are: Other

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	Series I Options	1,000,000	15/09/2021
to be confirmed

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

NANOLLOSE 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

13601676377

1.3 ASX issuer code

NC6

1.4 The announcement is

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New announcement

1.5 Date of this announcement

15/9/2021

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

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Other

Please specify

Issue of Unlisted Options.

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

New +securities ASX +security code +Security description New class - code to be confirmed Series I Options +Security type ISIN code Options Date the +securities the subject of this notification were issued 15/9/2021 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. Each Series I Option converts upon exercise into one Fully Paid Ordinary Share. Each Series I Option has an exercise price of $0.15, an expiry date of 15 September 2024 and are non transferable. The Series I Options are otherwise issued on the same standard terms and conditions as the Company's other classes of options on issue.

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.15000000 15/9/2024 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other

Description

Please see the material terms of the Series I Options above.

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

Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to

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the market in an Appendix 3B

The Options the subject of this Appendix 3G are being issued on the same day as they were agreed to be issued.

Issue details

Number of +securities

1,000,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Issued to an employee of the Company as an equity-based incentive linked to his employment with the Company.

Purpose of the issue

Other

Additional Details

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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
NC6 : ORDINARY FULLY PAID	148,686,368
NC6OA : OPTION EXPIRING 05-JUL-2024	22,268,635
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
NC6AJ : OPTION EXPIRING 31-MAY-2023 EX $0.1	800,000
NC6AK : OPTION EXPIRING 30-NOV-2021 EX $0.10	2,400,000
NC6AL : OPTION EXPIRING 31-OCT-2023 EX $0.08	500,000
NC6AM : CLASS D PERFORMANCE RIGHTS	2,000,000
NC6AN : OPTION EXPIRING 20-APR-2024 EX $0.10	1,000,000
New class - code to be confirmed : Series I Options	1,000,000

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?

1,000,000

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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