SIMBLE SOLUTIONS LIMITED — Capital/Financing Update 2023

May 22, 2023

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

SIMBLE SOLUTIONS LIMITED

Date of this announcement

Tuesday May 23, 2023

The +securities the subject of this notification are: Other

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Options subject to an exercise price of $0.04 per	27,000,000	23/05/2023
to be confirmed	option and expiring 23/05/2027

Refer to next page for full details of the announcement

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

SIMBLE SOLUTIONS LIMITED

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

17608419656

1.3 ASX issuer code

SIS

1.4 The announcement is

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New announcement

1.5 Date of this announcement

23/5/2023

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

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Other

Please specify

Options issued to directors in accordance with approval of shareholder at the AGM on 19/05/2023

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

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

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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

New +securities ASX +security code +Security description New class - code to be confirmed Options subject to an exercise price of $0.04 per option and expiring 23/05/2027 +Security type ISIN code Options Date the +securities the subject of this notification were issued 23/5/2023 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02654829

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.04000000 23/5/2027 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description SIS (ordinary shares) will be issued upon exercise of the options.

Any other information the entity wishes to provide about the +securities the subject of this notification Per AGM NoM https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02654829

Please provide any further information needed to understand the circumstances in which you are notifying the

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

Options issued in accordance with the approval of shareholders at the Annual General Meeting on 19/05/2023

Issue details

Number of +securities

27,000,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Per AGM NoM

https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02654829

Purpose of the issue

Other

Additional Details

Per AGM NoM

https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02654829

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities 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)

	Total number of
ASX +security code and description	+securities on issue
SIS : ORDINARY FULLY PAID	602,950,717
SISO : OPTION EXPIRING 10-AUG-2024	274,322,670

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

	Total number of
ASX +security code and description	+securities on issue
SISAJ : OPTION EXPIRING 15-JUN-2023 EX 5C	10,684,000
SISAH : OPTION EXPIRING 31-AUG-2024 EX NIL	11,500,000
SISAN : OPTION EXPIRING 01-OCT-2024 EX $0.04	42,600,000
SISAL : OPTION EXPIRING 25-MAY-2024 EX $0.08	1,500,000
New class - code to be confirmed : Options subject to an exercise price of $0.04 per option	27,000,000
and expiring 23/05/2027

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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? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

19/5/2023

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