SCIDEV LTD — Share Issue/Capital Change 2021

Jul 1, 2021

Announcement Summary

Entity name

SCIDEV LTD

Date of this announcement

Friday July 02, 2021

The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

ASX +securitycode	Security description	Total number of+securities to beissued/transferred	Issue date
New class - codeto be confirmed	SciDev June 2020 Performance Rights	725,000	15/06/2021

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) give notice of the issue, conversion or payment up of the following unquoted +securities.

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

2/7/2021

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

does not have an existing ASX security code ("new class")

Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX

in an Appendix 3B

ASX +security code	+Security description
New class - code to be confirmed	SciDev June 2020 Performance Rights

+Security type

ISIN code

Other

Date the +securities the subject of this notification were issued

15/6/2021

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

Were any of the +securities issued to +key management personnel (KMP) or an +associate? No

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

Performance Rights testing date: 31 October 2022. In order for the performance rights to vest (convert to fully paid ordinary shares) the holder must meet:

• ¿ A test related to SciDev share price performance, and
• ¿ A test related to relevant segment cashflow performance, and
• ¿ A continued employment or `good leaver¿ test

Note: The Performance Rights carry none of the rights of ordinary shares and, in particular, no right to vote, receive dividends or participate in bonus or rights issues.

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

https://www.scidev.com.au/about-us/governance/

Any other information the entity wishes to provide about the +securities the subject of this notification

The Performance Right issues form part of the remuneration of the executives and staff that have joined SciDev through the Haldon Industries business acquisition completed on 12 May 2021

Issue details

Number of +securities

725,000

Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities ofthe 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 oneapplication for quotation/issuance currently with ASX for processing.)
4.1 Quoted +Securities (Total number of each +class of +securities quoted)
ASX +security code and description	Total number of+securities on issue
SDV : ORDINARY FULLY PAID	158,370,242
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	2,550,000

SDVAP : PERFORMANCE RIGHTS	1,408,400

New class - code to be confirmed : SciDev June 2020 Performance Rights	725,000
------------------------------------------------------------------------	---------

Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did 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?

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