ROOLIFE GROUP LTD — Share Issue/Capital Change 2021

Oct 4, 2021

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4 October 2021

Dear Option Holder

EXPIRY OF LISTED OPTIONS (ASX: RLGO)

We are writing to you as a registered holder of listed options (ASX:RLGO) ( Options ) in Roolife Group Limited (ASX:RLG) ( Roolife or Company ) to remind you that the Options expire at 5:00pm (WST) on Sunday 31 October 2021 ( Expiry Date ).

Instructions

There is no obligation upon Option holders to exercise their Options. The courses of action available to you as a holder of these soon to expire Options are:

• (a) Exercise your Options : If you wish to exercise your Options, you must complete the "Notice of Exercise of Option" ( Notice of Exercise ) form accompanying this letter and provide the completed Notice of Exercise together with payment of $0.05 per Option being exercised in accordance with the instructions set out in the Notice of Exercise.

Your completed Notice of Exercise and payment (in cleared funds) must be received by no later than 5:00pm (WST) on the Expiry Date. Instructions regarding methods of payment are included in the Notice of Exercise.

• (b) Sell your Options : Please note that official quotation of the Options on ASX will cease at 5:00pm (WST) on Monday 25 October 2021, being four business days before the Expiry Date.

• (c) Do nothing and allow your Options to expire : If you do not exercise or sell your Options in the manner described above, they will expire at 5:00pm (WST) on the Expiry Date and your right to subscribe for fully paid ordinary shares in the capital of the Company ( Shares ) at $0.05 per Share will lapse.

In accordance with clause 5.2 of Appendix 6A of the ASX Listing Rules, the Company provides the following information:

• (a) the name of the holder of the Options, the number of Options held and the number of Shares to be issued on exercise of the Options is set out in the personalised Notice of Exercise accompanying this letter;

• (b) the exercise price of the Options is $0.05 per Option;

• (c) the Options must be exercised and payment (in cleared funds) received by no later than 5:00pm (WST) on Sunday 31 October 2021 (being the Expiry Date);

• (d) if you do not exercise (or sell) your Options in the manner described above, they will expire at 5:00pm (WST) on the Expiry Date and your right to subscribe for Shares at $0.05 per Share will lapse;

• (e) official quotation of the Options on ASX will cease at close of trading on Monday 25 October 2021, being four business days before the Expiry Date;

• (f) the market price of Shares on ASX on 1 October 2021 was $0.022, being the closing price of Shares on ASX prior to the date of this letter.

• (g) during the 3 months preceding the date of this letter:

  • (i) the highest market sale price of Shares on ASX was $0.033 on 21 July 2021; and

  • (ii) the lowest market sale price of Shares on ASX was $0.021 on 21 September 2021, 23 September 2021, 24 September 2021, 28 September 2021, 29 September 2021 and 30 September 2021; and

• (h) as at the date of this notice, there are no underwriting agreements in relation to the Options.

If you have any questions in relation to any of the above, please contact the Company on +61 8 6444 1702.

Yours faithfully

Bryan Carr CEO and Managing Director

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