NEUROTECH INTERNATIONAL LIMITED — Capital/Financing Update 2021

Mar 14, 2021

Proposed issue of securities

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Announcement Summary

Entity name

NEUROTECH INTERNATIONAL LIMITED

Announcement Type

New announcement

Date of this announcement

Monday March 15, 2021

The Proposed issue is:

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A non pro rata offer of securities under a disclosure document or product disclosure statement (PDS)

Total number of +securities proposed to be issued for a non pro rata offer of securities under a disclosure document or product disclosure statement (PDS)

Maximum Number of ASX +security code +Security description +securities to be issued NTI ORDINARY FULLY PAID 100,000

Closing date for receipt of acceptances

Monday March 22, 2021

Proposed +issue date

Monday March 22, 2021

Refer to next page for full details of the announcement

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Part 1 - Entity and announcement details

1.1 Name of +Entity

NEUROTECH INTERNATIONAL 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 Registration Number ABN 73610205402

1.3 ASX issuer code

NTI

1.4 The announcement is

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New announcement

1.5 Date of this announcement

Monday March 15, 2021

1.6 The Proposed issue is:

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A non-+pro rata offer of +securities under a +disclosure document or +PDS

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Part 5 - Details of proposed non-pro rata offer under a disclosure document or PDS

Part 5A - Conditions

5A.1 - Are any of the following approvals required for the non-+pro rata offer of +securities under a +disclosure document or +PDS?

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+Security holder approval Court approval Lodgement of court order with +ASIC ACCC approval FIRB approval Another approval/condition external to the entity No

Part 5B - Offer details

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Existing class

Will the proposed issue of this +security include an offer of attaching +securities? No

Details of +securities proposed to be issued

ASX +security code and description

NTI : ORDINARY FULLY PAID

The number of +securities to be offered under the +disclosure document or +PDS

100,000

Will the offer be conditional on applications for a minimum number of +securities being received or a minimum amount being raised (i.e. a minimum subscription condition)? No

Will individual security holders be required to accept the offer for a minimum number or value of +securities (i.e. a minimum acceptance condition)? No

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Proposed issue of securities	Proposed issue of securities
Will individual security holders be limited to accepting the offer for a
maximum number or value of +securities (i.e. a maximum acceptance
condition)?
No
Offer price details
Has the offer price been determined?
Yes
In what currency will the offer be	What is the offer price per +security?
made?	AUD 0.05500
AUD - Australian Dollar
Oversubscription & Scale back details
Will the entity be entitled to accept over-subscriptions?
No
Will a scale back be applied if the offer	is over-subscribed?
No
Will these +securities rank equally in all respects from their issue date with
the existing issued +securities in that class?
Yes

Part 5C - Timetable 5C.1 Lodgement date of +disclosure document or +PDS with ASIC Monday March 15, 2021 5C.2 Date when +disclosure document or +PDS and acceptance forms will be made available to investors Tuesday March 16, 2021 5C.3 Offer open date Tuesday March 16, 2021 5C.4 Closing date for receipt of acceptances Monday March 22, 2021 5C.6 Proposed +issue date Monday March 22, 2021

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Part 5D - Listing Rule requirements

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5D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? No

5D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

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Yes

5D.1b ( i ) How many +securities are proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

100,000 fully paid ordinary shares

5D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No

5D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? No

Part 5E - Fees and expenses

5E.1 Will there be a lead manager or broker to the proposed offer? No

5E.2 Is the proposed offer to be underwritten? No

5E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission? No

5E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed offer

Refer to section 7.5 of the Prospectus released by the Company on 15 March 2021.

Part 5F - Further Information

5F.01 The purpose(s) for which the entity intends to use the cash raised by the proposed issue

The primary purpose of this offer under the prospectus is to facilitate secondary trading of shares issued under a placement; shares issued under a Deed of Variation between Dolce and the Company and shares issued upon the exercise of NTIOPT7 Options.

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5F.1 Will the entity be changing its dividend/distribution policy if the proposed offer is successful? No

5F.2 Please explain the entity's allocation policy for the offer, including whether or not acceptances from existing +security holders will be given priority

Only persons selected by the Company will be entitled to participate in the Offer. Refer to the Prospectus released by the Company on 15 March 2021.

5F.3 URL on the entity's website where investors can download the +disclosure document or +PDS

http://www.neurotechinternational.com/investor-centre/asx-announcements

5F.4 Any other information the entity wishes to provide about the proposed offer

Refer to the Prospectus released by the Company on 15 March 2021.

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