READCLOUD LIMITED — Share Issue/Capital Change 2025

Apr 10, 2025

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Announcement Summary

Entity name

READCLOUD LIMITED

Date of this announcement

Friday April 11, 2025

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

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	OPTION EXPIRING 31-MAR-2028 EX NIL	6,134,000	09/04/2025
to be confirmed

Refer to next page for full details of the announcement

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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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 Registration number ACN 136815891

1.3 ASX issuer code

RCL

1.4 The announcement is

New announcement

1.5 Date of this announcement

11/4/2025

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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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")

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 3C - number and type of +securities the subject of this notification (new class)

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----- Start of picture text ----- ASX +security code +Security descriptionNew class - code to be confirmed OPTION EXPIRING 31-MAR-2028 EX NIL----- End of picture text -----

+SecOptioDate9/4/20Will aWereProviYesYes	urity typensISIN codethe +securities the subject of this notification were issued25ll the +securities issued in this class rank equally in all respects from their issue date?any of the +securities issued to +key management personnel (KMP) or an +associate?de details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Andrew Skelton	Julie Rochelle Skelton	2,463,878
Luke Murphy	Melissa Danielle Murphy	1,250,255

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

Options Details

+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.00000000	31/3/2028

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

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/2924-02902122-3A659517&v=7bc42bd11d85 3ed5e8c28f2ffcd6a069ee5cd6b4

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

6,134,000 Unlisted Zero Exercise Price Options issued to employees of the Company under the Company's Employee Incentive Plan (EIP), subject to vesting conditions including continuous employment and Absolute Total Shareholder Return.

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Issue details

Number of +securities

6,134,000

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities of the entity will comprise:

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.

4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
RCL : ORDINARY FULLY PAID	152,599,355
4.2 Unquoted +securities (Total number of each +class of +securities issued but not	quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
RCLAR : OPTION EXPIRING 15-MAY-2025 EX $0.10	1,300,000
RCLAQ : OPTION EXPIRING 01-JUL-2025 EX $0.29	950,000
New class - code to be confirmed : OPTION EXPIRING 31-MAR-2028 EX NIL	6,134,000

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

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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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

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