REMSENSE TECHNOLOGIES LIMITED — Share Issue/Capital Change 2022

Jul 17, 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 July 18, 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 $0.40 on or before	1,609,881	18/07/2022
to be confirmed	30 June 2025

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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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

ABN

Registration number

50648834771

1.3 ASX issuer code

REM

1.4 The announcement is

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New announcement

1.5 Date of this announcement

18/7/2022

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

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

Issuance of options on conversion of series A options

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 $0.40 on or before 30 June 2025 +Security type ISIN code Options Date the +securities the subject of this notification were issued 18/7/2022 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 0.40000000 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 REMAA : ORDINARY FULLY PAID RESTRICTED

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

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

Options have been issued upon conversion of series A options. Terms of the series A options were disclosed in the Company's prospectus dated 10 September 2021.

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

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Issue details

Number of +securities

1,609,881

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Options were free attaching to the exercise of series A options.

Purpose of the issue

Other

Additional Details

Series B option issue a condition of conversion series A options identified in Company's prospectus.

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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	32,899,073
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
REMAA : ORDINARY FULLY PAID RESTRICTED	46,694,678
REMAB : OPTION EXPIRING 30-JUN-2023 EX $0.25	2,904,751
REMAC : OPTION EXPIRING 30-JUN-2023 RESTRICTED	10,613,871
REMAD : OPTION EXPIRING 30-JUN-2024 RESTRICTED	250,000
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 $0.40 on or before 30	1,609,881
June 2025

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

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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

9

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