REMSENSE TECHNOLOGIES LIMITED — Share Issue/Capital Change 2022

Dec 18, 2022

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

REMSENSE TECHNOLOGIES LIMITED

Date of this announcement

Monday December 19, 2022

The +securities the subject of this notification are: Other

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 Unlisted Options exercisable at $0.25 on or before 3,835,000 15/12/2022 to be confirmed 30 June 2025

Refer to next page for full details of the announcement

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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

REMSENSE TECHNOLOGIES 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

648834771

1.3 ASX issuer code

REM

1.4 The announcement is

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New announcement

1.5 Date of this announcement

19/12/2022

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Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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Other

Please specify

Issue of unlisted options to employees under the Company ESOP.

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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

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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

New +securities ASX +security code +Security description New class - code to be confirmed Unlisted Options exercisable at $0.25 on or before 30 June 2025 +Security type ISIN code Options Date the +securities the subject of this notification were issued 15/12/2022 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes 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. https://remsense.com.au/investors/asx-announcements/

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.25000000 30/6/2025 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description REM: ORDINARY FULLY PAID Any other information the entity wishes to provide about the +securities the subject of this notification

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

Issue of securities has been made under the company's ESOP.

Issue details Number of +securities 3,835,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Options are offered as incentive remuneration to employees. Purpose of the issue To pay for services rendered

Additional Details

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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 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)

	Total number of
ASX +security code and description	+securities on issue
REM : ORDINARY FULLY PAID	36,461,573
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
REMAG : OPTION EXPIRING 30-JUN-2025 EX $0.40	1,609,881
REMAA : ORDINARY FULLY PAID RESTRICTED	48,304,559
REMAB : OPTION EXPIRING 30-JUN-2023 EX $0.25	1,294,870
REMAC : OPTION EXPIRING 30-JUN-2023 RESTRICTED	10,613,871
REMAE : OPTION EXPIRING 30-JUN-2024 RESTRICTED	1,750,000
REMAF : OPTION EXPIRING 30-JUN-2024 EX $0.30	500,000
New class - code to be confirmed : Unlisted Options exercisable at $0.25 on or before 30	3,835,000
June 2025

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

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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

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