READCLOUD LIMITED — Share Issue/Capital Change 2022

Aug 30, 2022

Announcement Summary

Entity name

READCLOUD LIMITED

Date of this announcement

Wednesday August 31, 2022

The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

ASX +securitycode	Security description	Total number of+securities to beissued/transferred	Issue date
RCLAQ	OPTION EXPIRING 01-JUL-2025 EX $0.29	500,000	30/08/2022

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) give notice of the issue, conversion or payment up of the following unquoted +securities.

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

31/8/2022

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

has an existing ASX security code ("existing class")

Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to

ASX in an Appendix 3B

ASX +security code and description RCLAQ : OPTION EXPIRING 01-JUL-2025 EX $0.29 Date the +securities the subject of this notification were issued 30/8/2022 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class Were any of the +securities issued to +key management personnel (KMP) or an +associate? Provide details of the KMP or +associates being issued +securities. Name of KMP Name of registered holder Number of +securities Luke Murphy Luke Murphy 500,000 Yes Yes

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02473813-3A585013?access\_token=83 ff96335c2d45a094df02a206a39ff4

Any other information the entity wishes to provide about the +securities the subject of this notification

500,000 Unlisted Options issued to employees of the Company under the Company's Employee Incentive Plan (EIP)

Issue details

Equity Securities

Number of +securities 500,000

Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities 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) ASX +security code and description Total number of +securities on issue

RCL : ORDINARY FULLY PAID 119,764,921

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
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
RCLAP : OPTION EXPIRING 01-JUL-2024 EX $0.27	2,150,000
RCLAQ : OPTION EXPIRING 01-JUL-2025 EX $0.29	1,550,000
RCLAO : OPTION EXPIRING 09-MAR-2025 EX $0.43	300,000

Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

13