PEPPERMINT INNOVATION LIMITED — Capital/Financing Update 2020

Jun 11, 2020

Proposed issue of securities

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Announcement Summary

Entity name

PEPPERMINT INNOVATION LIMITED

Announcement Type

New announcement

Date of this announcement

Friday June 12, 2020

The Proposed issue is:

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A placement or other type of issue

Total number of +securities proposed to be issued for a placement or other type of issue

		Maximum Number of
ASX +Security Code	+Security Description	+securities to be issued
PIL	ORDINARY FULLY PAID	5,500,000
PILAE	OPTION EXPIRING VARIOUS DATES EX VARIOUS	5,500,000
	PRICES

Proposed +issue date Friday June 12, 2020

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

PEPPERMINT INNOVATION 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

ACN

Registration Number

125931964

1.3 ASX issuer code

PIL

1.4 The announcement is

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New announcement

1.5 Date of this announcement

Friday June 12, 2020

1.6 The Proposed issue is:

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A placement or other type of issue

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Part 7 - Details of proposed placement or other issue

Part 7A - Conditions

7A.1 - Are any of the following approvals required for the placement or other type of issue? +Security holder approval Court approval Lodgement of court order with +ASIC ACCC approval FIRB approval Another approval/condition external to the entity

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No

Part 7B - Issue 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? Yes

Details of +securities proposed to be issued

ASX +Security Code and Description

PIL : ORDINARY FULLY PAID

Maximum Number of +securities proposed to be issued

5,500,000

Purpose of the issue

Working Capital

Offer price details for retail security holders

In what currency is the cash What is the issue price per consideration being paid? +security? AUD - Australian Dollar AUD 0.01000

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

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Oversubscription & Scale back details May a scale back be applied to this event? No

Attaching +Security	Attaching +Security	Attaching +Security
		Is the proposed attaching 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
Attaching +Security - Existing class (additional +securities in a class			that is already quoted or recorded by ASX)
		Details of attaching +securities proposed to be issued
		ASX +Security Code and Description
		PILAE : OPTION EXPIRING VARIOUS DATES EX VARIOUS	PRICES
		Maximum Number of +securities proposed to be issued
		5,500,000
		Offer price details for retail security holders
		In what currency is the cash consideration being paid?	What is the issue price per +security?
		AUD - Australian Dollar
			AUD 0.01000
		Oversubscription & Scale back details
		May a scale back be applied to this event?
		No
		Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that
		class?
		Yes

Part 7C - Timetable 7C.1 Proposed +issue date Friday June 12, 2020

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Part 7D - Listing Rule requirements

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7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? No

7D.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? Yes

7D.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?

5500000 shares and 5500000 attaching options

7D.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

7D.2 Is a party referred to in listing rule 10.11.1 participating in the proposed issue? No

7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No

7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? No

Part 7E - Fees and expenses

7E.1 Will there be a lead manager or broker to the proposed issue? No

7E.2 Is the proposed issue to be underwritten? No

7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue

Part 7F - Further Information

7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No

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7F.2 Any other information the entity wishes to provide about the proposed issue

The 5,500,000 free Options attached to the issue of 5,500,000 Ordinary Shares at a price of 1 cent per share have an exercise price of 1 cent on or before 31 March 2021.

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