ROCKETDNA LTD. — Capital/Financing Update 2020

Apr 29, 2020

Announcement Summary

Entity name PARAZERO LIMITED

Announcement Type

New announcement

Date of this announcement

Monday April 27, 2020

The Proposed issue is: A placement or other type of issue

Total number of +securities proposed to be issued for a placement or other type of issue

ASX +Security Code	+Security Description	Maximum Number of+securities to be issued
n/a	Convertible Notes with an aggregate value of AU$154,500	154,500

Proposed +issue date

Monday August 3, 2020

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of +Entity

PARAZERO LIMITED

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

1.2 Registered Number Type

ACN

Registration Number

618678701

1.3 ASX issuer code

PRZ

1.4 The announcement is

New announcement

1.5 Date of this announcement

Monday April 27, 2020

1.6 The Proposed issue is:

A placement or other type of issue

Part 7 - Details of proposed placement or other issue

Part 7A - Conditions

7A.1 - Are any of the following approvals required for the placement or other type of issue?

• +Security holder approval
• Court approval
• Lodgement of court order with +ASIC
• ACCC approval
• FIRB approval
• Another approval/condition external to the entity

No

Part 7B - Issue details

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? New class

Will the proposed issue of this +security include an offer of attaching +securities? No

Details of +securities proposed to be issued

ISIN Code (if Issuer is a foreign company and +securities are non CDIs)

Have you received confirmation fromASX that the terms of the proposed+securities are appropriate andequitable under listing rule 6.1?No	Will the entity be seeking quotationof the 'new' class of +securities onASX?No
ASX +Security Code	+Security Description
New class-code to be confirmed	Convertible Notes with an aggregate value of AU$154,500

+Security Type

Convertible Debt Securities

Maximum Number of +securities proposed to be issued

154,500

Purpose of the issue

Funds will be applied towards corporate overheads and operational overheads.

Offer price details for retail security holders

In what currency is the cash	What is the issue price per
consideration being paid?	+security?
AUD - Australian Dollar	AUD 1.00000

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

Oversubscription & Scale back details

May a scale back be applied to this event? No

Convertible Debt +Securities details

These securities are:	Type of security
Convertible	Corporate Bond
+Security Currency	Face Value
AUD - Australian Dollar	AUD 1.0000
Interest Rate Type
Zero Coupon
Frequency of Coupon/InterestPayments Per Year
No Payments
s128F of the Income Tax AssessmentAct status applicable to the security
Not applicable
Is the security Perpetual (ie. No	Maturity Date
maturity)?No	Monday August 3, 2020
Is the Security Subordinated?No
Is the Security Secured?No

Is a First Trigger Date on which conversion, redemption, call or put can occur (whichever is first) applicable? No

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

PRZ : ORDINARY FULLY PAID

Please provide any further information relating to the principal terms of the +securities

Part 7C - Timetable

7C.1 Proposed +issue date

Monday August 3, 2020

Part 7D - Listing Rule requirements

7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes

7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 Friday July 31, 2020

7D.2 Is a party referred to in listing rule 10.11.1 participating in the proposed issue? No

7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No

7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? No

Part 7E - Fees and expenses

7E.1 Will there be a lead manager or broker to the proposed issue? No

7E.2 Is the proposed issue to be underwritten? No

7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue

Part 7F - Further Information

7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No

7F.2 Any other information the entity wishes to provide about the proposed issue