OBJECTIVE CORPORATION LIMITED — Share Issue/Capital Change 2021

Jul 29, 2021

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

Announcement Summary

Entity name

OBJECTIVE CORPORATION LIMITED

Date of this announcement

Friday July 30, 2021

The +securities the subject of this notification are:

☑ +Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

Total number of +securities to be issued/transferred

ASX +security code	Security description	Total number of +securities to be issued/transferred	Issue date
New class - code to be confirmed	200,000 employee Options exercisable at $12.50 expiring 31/01/2025	200,000	30/07/2021

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted

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

Part 1 - Entity and announcement details

1.1 Name of entity
OBJECTIVE CORPORATION 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
16050539350

1.3 ASX issuer code
OCL

1.4 The announcement is
☑ New announcement

1.5 Date of this announcement
30/7/2021

Notification of Issue, Conversion or Payment up of Unquoted

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

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

☑ +Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

☑ does not have an existing ASX security code ("new class")

Notification of Issue, Conversion or Payment up of Unquoted

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

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 issued under an +employee incentive scheme

ASX +security code	+Security description
New class - code to be confirmed	200,000 employee Options exercisable at $12.50 expiring 31/01/2025

+Security type

Options

Date the +securities the subject of this notification were issued

30/7/2021

Will all the +securities issued in this class rank equally in all respects from their issue date?

☑ Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate?

☑ No

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.

https://www.asx.com.au/asxpdf/20031027/pdf/3jjjzgww8yjgm.pdf

Options Details

+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 12.50000000	31/1/2025

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Description

Ordinary Shares

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

https://www.asx.com.au/asxpdf/20031027/pdf/3jjjzgww8yjgm.pdf

Notification of Issue, Conversion or Payment up of Unquoted

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

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

Issue details

Number of +securities
200,000

Notification of Issue, Conversion or Payment up of Unquoted
5 / 7

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

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)

ASX +security code and description	Total number of +securities on issue
OCL : ORDINARY FULLY PAID	94,110,371

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

ASX +security code and description	Total number of +securities on issue
OCLAZ : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	1,217,500
OCLAN : OPTION EXPIRING 01-JUL-2030 EX $7.50	635,000
New class - code to be confirmed : 200,000 employee Options exercisable at $12.50 expiring 31/01/2025	200,000

Notification of Issue, Conversion or Payment up of Unquoted

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X

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

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?
☑ Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2
13

Notification of Issue, Conversion or Payment up of Unquoted