REDIVIUM LIMITED — Capital/Financing Update 2021

Oct 10, 2021

Proposed issue of securities

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Announcement Summary

Entity name

HANNANS LTD

Announcement Type

New announcement

Date of this announcement

11/10/2021

The Proposed issue is:

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A standard pro rata issue (including non-renounceable or renounceable)

Total number of +securities proposed to be issued for a standard pro rata issue (including non-renounceable or renounceable)

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
HNR	ORDINARY FULLY PAID	219,532,763

Ex date

14/10/2021

+Record date

15/10/2021

Offer closing date

1/11/2021

Issue date

8/11/2021

Refer to next page for full details of the announcement

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Part 1 - Entity and announcement details

1.1 Name of +Entity

HANNANS LTD

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

1.2 Registered Number Type Registration Number ABN 52099862129

1.3 ASX issuer code

HNR

1.4 The announcement is

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New announcement

1.5 Date of this announcement

11/10/2021

1.6 The Proposed issue is:

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A standard +pro rata issue (non-renounceable or renounceable)

1.6a The proposed standard +pro rata issue is:

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• Non-renounceable

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Part 3 - Details of proposed entitlement offer issue

Part 3A - Conditions

3A.1 Do any external approvals need to be obtained or other conditions satisfied before the entitlement offer can proceed on an unconditional basis? No

Part 3B - Offer details

Class or classes of +securities that will participate in the proposed issue and class or classes of +securities proposed to be issued

ASX +security code and description

HNR : ORDINARY FULLY PAID

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Existing class

Will the proposed issue of this If the entity has quoted company +security include an offer of options, do the terms entitle option attaching +securities? holders to participate on exercise? No No

Details of +securities proposed to be issued

ASX +security code and description HNR : ORDINARY FULLY PAID

ISIN Code (if Issuer is a foreign company and +securities are non CDIs)

ISIN Code for the entitlement or right to participate in a non-renounceable issue (if Issuer is foreign company and +securities are non CDIs)

Offer ratio (ratio to existing holdings at which the proposed +securities will be issued)

The quantity of additional +securities For a given quantity of +securities to be issued held 4 43

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What will be done with fractional Maximum number of +securities entitlements? proposed to be issued (subject to rounding) Fractions rounded up to the next 219,532,763 whole number

Offer price details for retail security holders

In what currency will the offer be What is the offer price per +security made? for the retail offer? AUD - Australian Dollar AUD 0.02500

Oversubscription & Scale back details

Will individual +security holders be permitted to apply for more than their entitlement (i.e. to over-subscribe)?

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Yes

Describe the limits on over-subscription

At the discretion of the Company in consultation with the underwriter.

Will a scale back be applied if the offer is over-subscribed?

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Yes

Describe the scale back arrangements

At the discretion of the Company in consultation with the underwriter.

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?

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Yes

Part 3C - Timetable

3C.1 +Record date

15/10/2021

3C.2 Ex date

14/10/2021

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3C.4 Record date 15/10/2021 3C.5 Date on which offer documents will be sent to +security holders entitled to participate in the +pro rata issue 20/10/2021 3C.6 Offer closing date 1/11/2021 3C.7 Last day to extend the offer closing date 27/10/2021

3C.9 Trading in new +securities commences on a deferred settlement basis 2/11/2021 3C.11 +Issue date and last day for entity to announce results of +pro rata issue 8/11/2021 3C.12 Date trading starts on a normal T+2 basis 9/11/2021 3C.13 First settlement date of trades conducted on a +deferred settlement basis and on a normal T+2 basis

11/11/2021

Part 3E - Fees and expenses

3E.1 Will there be a lead manager or broker to the proposed offer? Yes 3E.1a Who is the lead manager/broker? Euroz Hartleys Limited (Australian Financial Services Licence No 230052)

3E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker?

Under the terms of this engagement, the Company has agreed to pay Euroz Hartleys: (a) management fee of 1% of the total amount raised under the Offer; and (b) any out of pocket expenses incurred on the Company's behalf. 3E.2 Is the proposed offer to be underwritten? Yes 3E.2a Who are the underwriter(s)? Euroz Hartleys Limited (Australian Financial Services Licence No 230052) 3E.2b What is the extent of the underwriting (ie the amount or proportion of the offer that is underwritten)? 100%

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3E.2c What fees, commissions or other consideration are payable to them for acting as underwriter(s)?

Under the terms of this engagement, the Company has agreed to pay Euroz Hartleys an underwriting fee of 4.0% of the Gross Offer Proceeds after deducting the Neometals Firm Commitment Amount (exclusive of GST).

3E.2d Please provide a summary of the significant events that could lead to the underwriting being terminated

Refer to section 7.1 of the Offer Document for a summary of the Termination Events.

3E.2e Is a party referred to in listing rule 10.11 underwriting or sub-underwriting the proposed offer? No

3E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission? No

3E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed offer

Part 3F - Further Information

3F.1 The purpose(s) for which the entity intends to use the cash raised by the proposed issue

Funds raised are intended to be utilised for advancing the rights of the Lithium-ion battery (LiB) recycling technology, mineral exploration on existing projects and for general working capital.

3F.2 Will holdings on different registers or subregisters be aggregated for the purposes of determining entitlements to the issue? No

3F.3 Will the entity be changing its dividend/distribution policy if the proposed issue is successful? No

3F.4 Countries in which the entity has +security holders who will not be eligible to participate in the proposed issue

Bermuda, Canada, China, Hong Kong, Indonesia, Lao PDR, Malaysia, Netherlands, Poland, Qatar, Sweden, Switzerland, and United States of America

3F.5 Will the offer be made to eligible beneficiaries on whose behalf eligible nominees or custodians hold existing +securities

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Yes

3F.5a Please provide further details of the offer to eligible beneficiaries

Shareholders resident in Australia, New Zealand or the United Kingdom holding Shares on behalf of persons who are resident overseas are responsible for ensuring that taking up an Entitlement under the Offer does not breach regulations in the relevant overseas jurisdiction. Return of a duly completed Entitlement and Acceptance Form will be taken by the Company to constitute a representation that there has been no breach of those regulations.

3F.6 URL on the entity's website where investors can download information about the proposed issue

www.hannans.com

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3F.7 Any other information the entity wishes to provide about the proposed issue

3F.8 Will the offer of rights under the rights issue be made under a disclosure document or product disclosure statement under Chapter 6D or Part 7.9 of the Corporations Act (as applicable)? No

3F.9 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f)

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