NEXTED GROUP LIMITED — Capital/Financing Update 2021

Nov 3, 2021

Application for quotation of +securities

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Announcement Summary

Entity name

ICOLLEGE LIMITED

Announcement Type

New announcement

Date of this announcement

Thursday November 04, 2021

The +securities to be quoted are:

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+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
ICT	ORDINARY FULLY PAID	30,030,841	04/11/2021

Refer to next page for full details of the announcement

Application for quotation of +securities

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Application for quotation of +securities

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Part 1 - Entity and announcement details

1.1 Name of entity

ICOLLEGE LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

ABN

Registration number

75105012066

1.3 ASX issuer code

ICT

1.4 The announcement is

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New announcement

1.5 Date of this announcement

4/11/2021

Application for quotation of +securities

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Application for quotation of +securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

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+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Previous Appendix 3B details:

Announcement Date and	Announcement Title	Selected Appendix 3B to submit quotation
Time		request
25-Mar-2021 11:10	New - Proposed issue of Securities -	A placement or other type of issue
	ICT

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B? No

Application for quotation of +securities

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Application for quotation of +securities

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Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description ICT : ORDINARY FULLY PAID

Issue date

4/11/2021

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column - including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

		Total percentage of +securities held
Number of +securities held	Number of holders	For example, to enter a value of 50%
		please input as 50.00
1 - 1,000		%
1,001 - 5,000		%
5,001 - 10,000		%
10,001 - 100,000		%
100,001 and over		%

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Application for quotation of +securities

Issue details

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Number of +securities to be quoted

30,030,841

Are the +securities being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Represents the compulsory acquired RDH shares converted to 9.5 ICT shares for every 1 RDH share held in Redhill Education Ltd in accordance with ICT off-market takeover

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

0.135000

Any other information the entity wishes to provide about the +securities to be quoted

In accordance with the iCollege Replacement Bidders statement dated 9 April 2021 and as further supplemented and varied and completion of compulsory acquisition

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Application for quotation of +securities

Part 4 - Issued capital following quotation

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Following the quotation of the +securities the subject of this application, the issued capital 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 on ASX following the +quotation of the +securities subject of this application)

	Total number of
ASX +security code and description	+securities on issue
ICT : ORDINARY FULLY PAID	1,078,841,237

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
ICTAAB : OPTION EXPIRING 09-NOV-2023 EX $0.15	12,000,000
ICTAAA : OPTION EXPIRING 10-JUL-2023 EX 5C	10,000,000

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