READCLOUD LIMITED — Capital/Financing Update 2021

Sep 30, 2021

Announcement Summary

Entity name

READCLOUD LIMITED

Announcement Type

New announcement

Date of this announcement

Friday October 01, 2021

The +securities to be quoted are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Total number of +securities to be quoted

ASX +securitycode	Security description	Number of +securities tobe quoted	Issue date
RCL	ORDINARY FULLY PAID	657,896	01/10/2021

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of entity

READCLOUD 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 136815891

1.3 ASX issuer code RCL

1.4 The announcement is

New announcement

1.5 Date of this announcement

1/10/2021

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Previous Appendix 3B details:

Announcement Date andTime	Announcement Title	Selected Appendix 3B to submit quotationrequest
27-Oct-2020 09:00	New - Proposed issue of Securities -RCL	A placement or other type of issue

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B? No

Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description

RCL : ORDINARY FULLY PAID

Issue date

1/10/2021

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

Number of +securities held	Number of holders	Total percentage of +securities heldFor example, to enter a value of 50%please input as 50.00
1 - 1,000		%
1,001 - 5,000		%
5,001 - 10,000		%
10,001 - 100,000		%
100,001 and over		%

Issue details

Number of +securities to be quoted

657,896

Are the +securities being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Deferred consideration for acquisition

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

0.380000

Any other information the entity wishes to provide about the +securities to be quoted

50% RCL Ordinary Fully Paid Shares to be escrowed for 12 months from the date of issue 50% RCL Ordinary Fully Paid Shares to be escrowed for 24 months from the date of issue

Part 4 - Issued capital following quotation

Following the quotation of the +securities the subject of this application, the issued capital 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 on ASX following the +quotation of the +securities subject of this application)

ASX +security code and description	Total number of+securities on issue
RCL : ORDINARY FULLY PAID	118,975,447

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

ASX +security code and description	Total number of+securities on issue
RCLAJ : OPTION EXPIRING 14-DEC-2021 EX $0.35	180,000
RCLAK : OPTION EXPIRING 07-FEB-2022 EX $0.20	75,000
RCLAL : OPTION EXPIRING 07-MAY-2022 EX $0.33	300,000
RCLAM : OPTION EXPIRING 12-JUL-2022 EX $0.34	250,000
RCLAN : OPTION EXPIRING 17-JUL-2022 EX $0.41	360,000
RCLAG : OPTION EXPIRING 02-JUL-2023 EX 28C	100,000
RCLAO : OPTION EXPIRING 09-MAR-2025 EX $0.43	300,000