SEAFARMS GROUP LIMITED — Capital/Financing Update 2021

Sep 21, 2021

Application for quotation of +securities

Announcement Summary

Entity name
SEAFARMS GROUP LIMITED

Announcement Type
New announcement

Date of this announcement
Wednesday September 22, 2021

The +securities to be quoted are:
+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Total number of +securities to be quoted

ASX +security code	Security description	Number of +securities to be quoted	Issue date
SFG	ORDINARY FULLY PAID	45,454,545	22/09/2021

Refer to next page for full details of the announcement

Application for quotation of +securities
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Application for quotation of +securities

Part 1 - Entity and announcement details

1.1 Name of entity

SEAFARMS GROUP LIMITED

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

ACN

Registration number

009317846

1.3 ASX issuer code

SFG

1.4 The announcement is

☑ New announcement

1.5 Date of this announcement

22/9/2021

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Application for quotation of +securities

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

☑ +Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Previous Appendix 3B details:

Announcement Date and Time	Announcement Title	Selected Appendix 3B to submit quotation request
02-Sep-2021 16:31	New - Proposed issue of securities - SFG	A placement or other type of issue

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?

☑ Yes

2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B

27,272,726 unlisted options exercisable at A$0.0975 and expiring on Tuesday, 13 August 2024.

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Application for quotation of +securities

Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description
SFG : ORDINARY FULLY PAID

Issue date
22/9/2021

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column - including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

| Number of +securities held | Number of holders | Total percentage of +securities held
For example, to enter a value of 50%
please input as 50.00 |
| --- | --- | --- |
| 1 - 1,000 | | % |
| 1,001 - 5,000 | | % |
| 5,001 - 10,000 | | % |
| 10,001 - 100,000 | | % |
| 100,001 and over | | % |

Application for quotation of +securities

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Application for quotation of +securities

Issue details

Number of +securities to be quoted
45,454,545

Are the +securities being issued for a cash consideration?
☑ Yes

In what currency is the cash consideration being paid?
AUD - Australian Dollar
What is the issue price per +security?
AUD 0.05500000

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

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Application for quotation of +securities

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
SFG : ORDINARY FULLY PAID	4,836,374,179

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
SFGAA : CONVERTIBLE PREFERENCE SHARES	30,150,189
SFGAD : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	1,510,629,115

Application for quotation of +securities