Announcement Summary

Entity name

SCIDEV LTD

Announcement Type

New announcement

Date of this announcement

Wednesday September 15, 2021

The +securities to be quoted are:

Other

Total number of +securities to be quoted

ASX +security code	Security description	Number of +securities to be quoted	Issue date
SDV	ORDINARY FULLY PAID	513,000	15/09/2021

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of entity

SCIDEV LTD

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type ABN

Registration number 25001150849

1.3 ASX issuer code SDV

1.4 The announcement is

New announcement

1.5 Date of this announcement

15/9/2021

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

Other

2.2 The +securities to be quoted are:

Additional +securities in a class that is already quoted on ASX ("existing class")

2.3c Have these +securities been offered under a +disclosure document or +PDS? No

2.3d Please provide any further information needed to understand the circumstances in which you are applying to have these +securities quoted on ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

Final tranche of milestone consideration under the terms of the agreement to acquire ProSol Australia Pty Ltd ref ASX 22102019 and 29112019. These shares not previously announced under an App 3B as the potential issue was subject to milestoned performance.

2.4 Any on-sale of the +securities to be quoted 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: The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f)

Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an

Appendix 3B

Additional +securities to be quoted in an existing class

ASX +security code and description SDV : ORDINARY FULLY PAID

Issue date

15/9/2021

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

Issue details

Number of +securities to be quoted

513,000

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

Please describe the consideration being provided for the +securities

Notional \$0.50 per share in accordance with the contract (October 2019).

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

256,500.000000

Any other information the entity wishes to provide about the +securities to be quoted

Final tranche of milestone consideration under the terms of the agreement to acquire ProSol Australia Pty Ltd ref ASX 22102019 and 29112019. Notional \$0.50 per share in accordance with the contract (October 2019).

The purpose(s) for which the entity is issuing the securities

To pay for the acquisition of an asset

Please provide additional details

Refer above

Part 4 - Issued capital following quotation

Following the quotation of the +securities the subject of this application, the issued capital 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 on ASX following the +quotation of the +securities subject of this application)

ASX +security code and description	Total number of +securities on issue
SDV : ORDINARY FULLY PAID	159,133,242

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)

ASX +security code and description	Total number of +securities on issue
SDVAO : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	2,300,000
SDVAP : PERFORMANCE RIGHTS	1,408,399
SDVAQ : PERFORMANCE RIGHTS	725,000

Part 5 - Other Listing Rule requirements

5.1 Are the +securities being issued under an exception in Listing Rule 7.2 and therefore the issue does 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? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes

5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

513,000

5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No

AI assistant

SCIDEV LTD Share Issue/Capital Change 2021