READCLOUD LIMITED — Share Issue/Capital Change 2023

May 17, 2023

Announcement Summary

Entity name

READCLOUD LIMITED

Date of this announcement

Thursday May 18, 2023

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	SHARE RIGHTS EXPIRING 15-JAN-2025	1,428,571	17/05/2023

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

18/5/2023

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

ASX +security code		+Security description
New class - code to be confirmed		SHARE RIGHTS EXPIRING 15-JAN-2025
+Security type	ISIN code
Other
	Date the +securities the subject of this notification were issued
17/5/2023
	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

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02663442-3A617906?access\_token=83 ff96335c2d45a094df02a206a39ff4

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

The number of securities to be issued is based on the terms of the share rights as set out in the ASX announcement dated 8 May 2023 in relation to the appointment of the Company's new CEO

Issue details

Number of +securities

1,428,571

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 121,837,289 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
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
New class - code to be confirmed : SHARE RIGHTS EXPIRING 15-JAN-2025	1,428,571

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

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