READCLOUD LIMITED — Share Issue/Capital Change 2022

Aug 4, 2022

Announcement Summary

Entity name

READCLOUD LIMITED

Date of this announcement

Friday August 05, 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
New class - codeto be confirmed	Unlisted Options	2,150,000	04/08/2022
New class - codeto be confirmed	Unlisted Options	1,050,000	04/08/2022

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

5/8/2022

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:

does not have an existing ASX security code ("new class")

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

in an Appendix 3B

		+Security description
New class - code to be confirmed		Unlisted Options
+Security type		ISIN code
Options
	Date the +securities the subject of this notification were issued
4/8/2022
Yes	Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes	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		300,000
Joshua Fisher	Joshua Fisher		300,000
No			Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable underPlease provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
	Exercise price		Expiry date
	AUD 0.27000000		1/7/2024
			Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
listing rule 6.1?issued.Options Details+Security currencyAUD - Australian Dollarcompany optionOther
Description

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

2,150,000 Unlisted Options issued to employees of the Company under the Company's Employee Incentive Plan (EIP)

Issue details

Number of +securities

2,150,000

ASX +security code	+Security description
New class - code to be confirmed	Unlisted Options
+Security type	ISIN code
Options
	Date the +securities the subject of this notification were issued
4/8/2022
	Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Yes	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	300,000
	Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under

Equity Securities

issued.

Options Details

+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.29000000	1/7/2025

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Description

RCL: ORDINARY FULLY PAID
--------------------------	--

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

1,050,000 Unlisted Options issued to employees of the Company under the Company's Employee Incentive Plan (EIP)

Issue details

Equity Securities

Number of +securities 1,050,000

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
RCLAO : OPTION EXPIRING 09-MAR-2025 EX $0.43	300,000
New class - code to be confirmed : Unlisted Options	2,150,000
New class - code to be confirmed : Unlisted Options	1,050,000

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