REMSENSE TECHNOLOGIES LIMITED — Capital/Financing Update 2022

Oct 18, 2022

==> picture [212 x 44] intentionally omitted <==

19 October 2022

Notice under ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547

RemSense Technologies Limited (ACN 648 834 771) (ASX: REM) (Company) is proposing to conduct a share purchase plan (SPP) to raise working capital as announced to the market on 13 October 2022. Under the SPP, eligible shareholders may apply to purchase up to A$30,000 worth of fully paid ordinary shares in the Company (SPP Shares) at an offer price of $0.16c per share.

Under ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547 (ASIC Instrument 2019/547) the Company gives notice that:

• (a) The Company will make offers to issue SPP Shares under the SPP without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (Cth) (Corporations Act).

• (b) This notice is being given under paragraph 7(f)(ii) of ASIC Instrument 2019/547, which requires the Company to give this notice to the ASX within 24 hours before the SPP offer is made.

• (c) As at the date of this notice the Company has complied with:

  • (i) The provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

  • (ii) Sections 674 and 674A of the Corporations Act; and

• (d) As at the date of this notice there is no “excluded information” of the type referred to in sections 708A(7) and 708A(8) of the Corporations Act that is required to be set out in this notice (as if this notice were a notice under section 708A(5)(e) of the Corporations Act).

David McArthur Company Secretary RemSense Technologies Limited

Suite 173, 580 Hay St Perth WA 6000| +61 8 6118 5610 | rem@remsense.com.au ACN 648 834 771