ROCKETDNA LTD. — Capital/Financing Update 2023

May 4, 2023

Proposed issue of securities

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Announcement Summary

Entity name

DELTA DRONE INTERNATIONAL LIMITED

Announcement Type

New announcement

Date of this announcement

5/5/2023

The Proposed issue is:

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A placement or other type of issue

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

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
DLT	ORDINARY FULLY PAID	15,000,000
DLTAM	PERFORMANCE RIGHTS	9,000,000

Proposed +issue date

23/6/2023

Refer to next page for full details of the announcement

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Proposed issue of securities

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Part 1 - Entity and announcement details

1.1 Name of +Entity

DELTA DRONE INTERNATIONAL 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.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

1.2 Registered Number Type

ACN

Registration Number 618678701

1.3 ASX issuer code

DLT

1.4 The announcement is

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New announcement

1.5 Date of this announcement

5/5/2023

1.6 The Proposed issue is:

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A placement or other type of issue

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Part 7 - Details of proposed placement or other issue

Part 7A - Conditions

7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis? Yes

7A.1a Conditions

Approval/Condition Date for determination Is the date estimated or ** Approval actual? received/condition met? +Security holder approval 25/5/2023 Actual

Comments

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)? Existing class

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

Details of +securities proposed to be issued

ASX +security code and description

DLT : ORDINARY FULLY PAID

Number of +securities proposed to be issued

15,000,000

Offer price details

Are the +securities proposed to be issued being issued for a cash consideration? No

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Please describe the consideration being provided for the +securities

Approval is being sought to issue Limited Recourse Loan Shares. See Notice of Meeting announced 21 April 2023 - https ://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02656823-6A1146133?access_token=83ff96 335c2d45a094df02a206a39ff4 and the Addendum lodged 5 May https://cdn-api.markitdigital.com/apiman-gateway/ASX/a sx-research/1.0/file/2924-02663191-6A1148993?access_token=83ff96335c2d45a094df02a206a39ff4

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities

100,500.000000

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

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)? Existing class

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

Details of +securities proposed to be issued

ASX +security code and description

DLTAM : PERFORMANCE RIGHTS

Number of +securities proposed to be issued

9,000,000

Offer price details

Are the +securities proposed to be issued being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

The securities are being issued as performance link long term incentives. See Notice of Meeting announced 21 April 2023 - https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02656823-6A1146133?access_token= 83ff96335c2d45a094df02a206a39ff4

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?

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Yes

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Part 7C - Timetable

7C.1 Proposed +issue date 23/6/2023

Part 7D - Listing Rule requirements

7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? No

7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? No

7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No

7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? Yes

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? Yes

7D.4a Please enter the number and +class of the +securities subject to +voluntary escrow and the date from which they will cease to be subject to +voluntary escrow

The Limited Recourse Loan Shares are proposed to be held in voluntary escrow for a period of up to 2 years from the date of issue. The Performance Rights are subject to milestones.

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

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

Refer to the NOM lodged 21 April - https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-026 56823-6A1146133?access_token=83ff96335c2d45a094df02a206a39ff4 Refer to the Addendum to NOM lodged 5 May 2023 - https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research /1.0/file/2924-02663191-6A1148993?access_token=83ff96335c2d45a094df02a206a39ff4

Part 7F - Further Information

7F.01 The purpose(s) for which the entity is issuing the securities

Director Incentives as outlined in the NOM.

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

7F.3 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of:

Not applicable - the entity has arrangements in place with the holder that ensure the securities cannot be on-sold within 12 months in a manner that would breach section 707(3) or 1012C(6)

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