ORTHOCELL LIMITED — Capital/Financing Update 2021

Oct 25, 2021

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

==> picture [21 x 22] intentionally omitted <==

Announcement Summary

Entity name

ORTHOCELL LIMITED

Date of this announcement

Tuesday October 26, 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 Unlisted Options 755,000 26/10/2021 to be confirmed

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

1 / 7

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

==> picture [21 x 22] intentionally omitted <==

Part 1 - Entity and announcement details

1.1 Name of entity

ORTHOCELL 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

ACN

Registration number

118897135

1.3 ASX issuer code

OCC

1.4 The announcement is

==> picture [8 x 8] intentionally omitted <==

New announcement

1.5 Date of this announcement

26/10/2021

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

2 / 7

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

Part 2 - Issue details

==> picture [21 x 22] intentionally omitted <==

2.1 The +securities the subject of this notification are:

==> picture [8 x 8] intentionally omitted <==

Other

Please specify

Options issued for the provision of consultancy services

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

==> picture [8 x 9] intentionally omitted <==

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

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

3 / 7

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

==> picture [21 x 22] intentionally omitted <==

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

==> picture [538 x 550] intentionally omitted <==

----- Start of picture text -----

New +securities
ASX +security code +Security description
New class - code to be confirmed Unlisted Options
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
26/10/2021
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.
Options Details
+Security currency Exercise price Expiry date
AUD - Australian Dollar AUD 0.50000000 26/10/2024
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
Other
Description
Ordinary Shares
Any other information the entity wishes to provide about the +securities the subject of this notification
----- End of picture text -----

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

4 / 7

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

==> picture [21 x 22] intentionally omitted <==

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 the market in an Appendix 3B

N/A

Issue details

Number of +securities 755,000

Were the +securities issued for a cash consideration? No

Please describe the consideration being provided for the +securities Provision of consultancy services Purpose of the issue Other

Additional Details

Provision of consultancy services

Notification of Issue, Conversion or Payment up of Unquoted 5 / 7 E it S iti

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

==> picture [21 x 22] intentionally omitted <==

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
OCC : ORDINARY FULLY PAID	192,083,118
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
OCCAN : OPTION EXPIRING 08-OCT-2023 EX $0.40	200,000
OCCAK : OPTION EXPIRING 20-NOV-2022 EX 61.7C	1,650,000
OCCAL : OPTION EXPIRING 20-NOV-2022 EX 53.7C	150,000
OCCAM : OPTION EXPIRING 11-JUN-2025 EX 41C	2,000,000
OCCAO : OPTION EXPIRING 14-OCT-2024 EX $0.583	16,640,000
OCCAJ : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	9,664,795
OCCAP : OPTION EXPIRING 19-FEB-2024 EX $0.517	450,000
OCCAQ : OPTION EXPIRING 04-JUN-2024 EX $0.536	1,600,000
New class - code to be confirmed : Unlisted Options	755,000

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

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

6 / 7

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

==> picture [21 x 22] intentionally omitted <==

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?

755000

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)? N/A

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

7 / 7