QUANTUM GRAPHITE LIMITED — Share Issue/Capital Change 2019

Oct 28, 2019

Notification of Consolidation/Split

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Notification of Consolidation/Split

Announcement Summary

Entity name

QUANTUM GRAPHITE LIMITED

Applicable security for the reorganisation

QGL ORDINARY FULLY PAID QGLAQ OPTION EXPIRING 20-JUL-2023

Announcement Type

New Announcement

Date of this announcement Tuesday October 29, 2019

Reorganisation type

Security consolidation

Effective Date

Friday November 29, 2019

Record Date

Monday December 2, 2019

Issue Date

Monday December 9, 2019

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

*1.1 Name of +Entity

QUANTUM GRAPHITE LIMITED

Registration Number

*1.2 Registered Number Type

ABN 46004947004

*1.3 ASX issuer code

QGL

*1.4 The announcement is

New announcement

*1.5 Date of this announcement

Tuesday October 29, 2019

*1.6 Securities affected by the reorganisation

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Notification of Consolidation/Split

ORDINARY FULLY PAID OPTION EXPIRING 20-JUL-2023

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QGL QGLAQ

Part 2 - Approvals

*2.1 Are any of the below approvals required for the reorganisation before business day 0 of the timetable?

• Security holder approval Court approval

• Lodgement of court order with +ASIC ACCC approval

• FIRB approval

• Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the reorganisation.

Yes

2.2 Approvals

**Approval/Condition Date for determination Is the date estimated Approval +Security holder Wednesday or actual? received/condition approval November 27, 2019 Actual met? [Select...] Comments

Part 3 - Reorganisation timetable and details

*3.1 +Record date

Monday December 2, 2019

3.2 Date of +security holder meeting

Wednesday November 27, 2019

3.3 Last day for trading in the pre-re-organised +securities

Thursday November 28, 2019

*3.4 Effective date. Trading in the re-organised securities commences on a +deferred settlement basis. If the +entity's securities are suspended from trading during this period there will be no +deferred settlement trading however ASX still captures this date.

Friday November 29, 2019

3.5 Record date

Monday December 2, 2019

3.6 First day for +entity to send notices to +security holders of the change in the number of +securities they hold. First day for +entity to register +securities on a post-reorganised basis Tuesday December 3, 2019

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*3.7 +Issue date. +Deferred settlement market ends. Last day for +entity to send notices to

+security holder of the change in the number of +securities they hold. Last day for +entity to register +securities on a post-reorganised basis

Monday December 9, 2019

3.8 Trading starts on a normal T+2 basis

Tuesday December 10, 2019

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis

Thursday December 12, 2019

Part 4 - Reorganisation type and details

*4.1 The reorganisation is

+Security consolidation

*4.1a Consolidation ratio: the +securities will be consolidated on the basis that every

35

(pre-consolidation) +securities will be consolidated into

1

(post-consolidation) +security (/ies).

*4.2 Scrip fraction rounding

Fractions rounded up to the next whole number

Part 5 - +Securities on issue before and after reorganisation

*5.1 +Securities on issue before and after the reorganisation

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----- Start of picture text ----- *ASX +Security Code *ASX +SecurityQGL DescriptionORDINARY FULLYPAIDQuoted/unquoted Number on issue Number on issue after Estimate/ActualQuoted before reorganisation reorganisation Estimated7,660,580,941 218,873,741*ASX +Security Code *ASX +SecurityQGLAQ DescriptionOPTION EXPIRING20-JUL-2023Quoted/unquoted Number on issue Number on issue after Estimate/ActualUnquoted before reorganisation reorganisation Estimated1,000,000,000 28,571,4295.2 *Exercise price of options*ASX +Security Code *ASX +Security DescriptionQGLAQ OPTION EXPIRING20-JUL-2023----- End of picture text -----

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Quoted/unquoted Exercise price before Exercise price after Unquoted reorganisation reorganisation AUD 0.00000000 AUD 0.00000000

Part 6 - Further information

6.1 Further information relating to the reorganisation

6.2 Additional information for inclusion in the Announcement Summary

Notification of Consolidation/Split

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