QUANTUM GRAPHITE LIMITED — Share Issue/Capital Change 2023

Mar 7, 2023

Announcement Summary

Entity name

QUANTUM GRAPHITE LIMITED

Announcement Type

New announcement

Date of this announcement

Wednesday March 08, 2023

The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

Total number of +securities to be quoted

ASX +security code	Security description	Number of +securities to be quoted	Issue date
QGL	ORDINARY FULLY PAID	10,706,429	08/12/2022

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of entity

QUANTUM GRAPHITE LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type ACN

Registration number 008101979

1.3 ASX issuer code QGL

1.4 The announcement is

New announcement

1.5 Date of this announcement

8/3/2023

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

2.2 The +securities to be quoted are:

Additional +securities in a class that is already quoted on ASX ("existing class")

Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an

Appendix 3B

Existing +securities converting into additional +securities in an existing class FROM (Existing Class) ASX +security code and description QGLAQ : OPTION EXPIRING 20-JUL-2023 TO (Existing Class) ASX +security code and description QGL : ORDINARY FULLY PAID Please state the number of options that were exercised or other +convertible securities that were converted 10,706,429 The first date the options were exercised or other +convertible securities were converted 7/12/2022 The last date the options were exercised or other +convertible securities were converted 7/12/2022

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? Yes

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by:

An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? No

Issue date

8/12/2022

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

Issue details

Number of +securities to be quoted
10,706,429
Are the +securities being issued for a cash consideration? Yes
In what currency is the cash consideration being paid?	What is the issue price per +security?
AUD - Australian Dollar	AUD 0.00000000
Any other information the entity wishes to provide about the +securities to be quoted

Part 4 - Issued capital following quotation

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 on ASX following the +quotation of the +securities subject of this application)

Following the quotation of the +securities the subject of this application, the issued capital of the entity will

ASX +security code and description	Total number of +securities on issue
QGL : ORDINARY FULLY PAID	318,535,000

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

ASX +security code and description

QGLAQ : OPTION EXPIRING 20-JUL-2023 17,865,000

Total number of +securities on issue