RESOURCES & ENERGY GROUP LIMITED — Share Issue/Capital Change 2021

Oct 5, 2021

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

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Announcement Summary

Entity name

RESOURCES & ENERGY GROUP LIMITED

Date of this announcement

Wednesday October 06, 2021

The +securities the subject of this notification are:

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+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 AUGUST 2026 EX $0.08	40,000,000	01/10/2021
to be confirmed

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

RESOURCES & ENERGY GROUP 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

12110005822

1.3 ASX issuer code

REZ

1.4 The announcement is

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New announcement

1.5 Date of this announcement

6/10/2021

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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 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:

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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

ASX +security code New class - code to be confirmed	+Security description OPTION EXPIRING 31 AUGUST 2026 EX $0.08
+Security type	ISIN code
Options

Date the +securities the subject of this notification were issued

1/10/2021

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Richard Poole	Arthur Phillip Nominees Pty Limited	8,000,000
Gavin Rezos	Vivien Enterprises Limited	8,000,000
J. Daniel Moore	Arthur Phillip Nominees Pty Limited	5,000,000
Warren Kember	Warren Kember	4,000,000

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1?

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Yes

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

Terms and conditions will be materially the same as those contained in the Company's Incentive Options Plan as set out in the Notice of Annual General Meeting released to ASX on 30 October 2020 and 14 September 2021

Options Details

+Security currency

AUD - Australian Dollar

Exercise price AUD 0.08000000

Expiry date 31/8/2026

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

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

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company option

Other

Description

Ordinary Shares

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

Terms and conditions will be materially the same as those contained in the Company's Incentive Options Plan as set out in the Notice of Annual General Meeting released to ASX on 30 October 2020 and 14 September 2021

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

Issue of options to directors, management and advisor for services provided

Issue details

Number of +securities

40,000,000

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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
REZ : ORDINARY FULLY PAID	431,680,789

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
REZAD : OPTION EXPIRING 31-OCT-2022 EX $0.20	11,000,056
REZAN : OPTION EXPIRING 30-SEP-2025 EX $0.05	15,000,000
REZAA : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	11,117,500
New class - code to be confirmed : OPTION EXPIRING 31 AUGUST 2026 EX $0.08	40,000,000

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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? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

14/9/2021

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