ROCKETDNA LTD. — Capital/Financing Update 2020

Jun 4, 2020

ASX Announcement

5 June 2020

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RELEASE OF SECURITIES FROM ESCROW

Drone Safety Systems company, ParaZero Limited (ASX: PRZ) ( ParaZero or the Company ) advises in accordance with Listing Rule 3.10A that the following securities are due to be released from escrow on 22 June 2020.

Securities Number Fully paid ordinary shares 35,300,063 Options @ $0.30 expiring 13 June 2021 4,000,000 Options @ $0.0027 expiring 13 June 2023 6,387,692 Class A Performance Options @ $0.20 expiring 13 June 2023 14,000,000 Class B Performance Options @ $0.20 expiring 13 June 2023 8,000,000 Class C Performance Options @ $0.20 expiring 13 June 2023 8,000,000

The aforesaid 35,300,063 fully paid ordinary shares being released from escrow are currently not quoted on the ASX and as such quotation of these shares will be sought in accordance with ASX Listing Rule 2.8.5.

This announcement has been authorised for release by the Board of ParaZero Limited.

-ENDS-

For more information, please contact: Corporate and Business enquiries Investor enquiries Eden Attias Stephen Buckley Chairman and Chief Executive Officer Company Secretary P: +972 3688 5252 P: +61 (0)8 6189 1155

Media Contact: Heidi Cuthbert heidi@multiplier.com.au +61 411 272 366

About ParaZero Limited

ParaZero (www.parazero.com) was founded in 2014 to accomplish a vision to enable the drone industry to realise its greatest potential. ParaZero offers a smart and intuitive solution to enable drone industry growth by designing, developing and providing best-in-class autonomous safety systems for commercial drones.

Parazero Limited ACN 618 678 701 T: +61 8 6189 1155 | A: Level 27, 101 Collins Street, Melbourne Vic 3000