PENTANET LIMITED — Capital/Financing Update 2021

Jun 27, 2021

ASX: 5GG | ASX ANNOUNCEMENT 28 JUNE 2021

==> picture [85 x 40] intentionally omitted <==

==> picture [596 x 4] intentionally omitted <==

Completion of Placement and Cleansing Notice

Pentanet Limited ( ASX:5GG , Pentanet or Company ) advises that further to its announcement of 18 June 2021, it has now completed the placement of 27,777,778 fully paid ordinary shares ( Shares ) at an issue price of $0.72 per Share ( Placement ). The Placement was undertaken pursuant to the Company’s available capacity under Listing Rule 7.1. An Appendix 2A regarding the Issue of Shares under the Placement will follow this announcement.

Cleansing Notice

The Company issued the Shares without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (Cth) ( the Act ). For the purposes of section 708A(5)(e) of the Act, the Company notifies ASX that:

• a) the Shares were issued without disclosure to investors under Part 6D.2 of the Act;

• b) this notice is being given under section 708A(5)(e) of the Act;

• c) as at the date of this notice, the Company has complied with:

• i. the provisions of Chapter 2M of the Act as they apply to the Company; and

• ii. section 674 of the Act; and

• d) as at the date of this notice, there is no information that:

• i. has been excluded from a continuous disclosure notice given to ASX in accordance with the ASX Listing Rules; and

• ii. investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

  • a) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

  • b) the rights and liabilities attaching to fully paid ordinary shares.

This announcement has been authorised for release by the Board of Pentanet Limited.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Mr. Stephen Cornish Managing Director +61 8 9466 2672 investors@pentanet.com.au

Mr. Patrick Holywell Mr. Shane Murphy Company Secretary Media Relations, FTI Consulting +61 (0) 401 407 357 +61 (0) 420 945 291 patrick.holywell@pentanet.com.au shane.murphy@fticonsulting.com.au

==> picture [114 x 23] intentionally omitted <==

investors@pentanet.com.au Unit 2, 8 Corbusier Place, +61 8 9466 2672 Balcatta WA 6021

ABN: 29 617 506 279