SKIN ELEMENTS LIMITED — Capital/Financing Update 2020

Jun 11, 2020

Proposed issue of securities

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Announcement Summary

Entity name

SKIN ELEMENTS LIMITED

Announcement Type

New announcement

Date of this announcement

Friday June 12, 2020

The Proposed issue is:

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A non pro rata offer of securities under a disclosure document or product disclosure statement (PDS)

Total number of +securities proposed to be issued for a non pro rata offer of securities under a disclosure document or product disclosure statement (PDS)

		Maximum Number of
ASX +Security Code	+Security Description	+securities to be issued
SKN	ORDINARY FULLY PAID	1,000
SKNOA	OPTION EXPIRING 31-DEC-2020	1,000

Closing date for receipt of acceptances

Monday June 22, 2020

Proposed +issue date

Tuesday June 23, 2020

Refer to next page for full details of the announcement

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Part 1 - Entity and announcement details

1.1 Name of +Entity

SKIN ELEMENTS LIMITED

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

1.2 Registered Number Type

Registration Number

ABN 90608047794

1.3 ASX issuer code

SKN

1.4 The announcement is

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New announcement

1.5 Date of this announcement

Friday June 12, 2020

1.6 The Proposed issue is:

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A non-+pro rata offer of +securities under a +disclosure document or +PDS

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Part 5 - Details of proposed non-pro rata offer under a disclosure document or PDS

Part 5A - Conditions

5A.1 - Are any of the following approvals required for the non-+pro rata offer of +securities under a +disclosure document or +PDS?

+Security holder approval Court approval Lodgement of court order with +ASIC ACCC approval FIRB approval Another approval/condition external to the entity

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No

Part 5B - Offer details

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Existing class

Will the proposed issue of this +security include an offer of attaching +securities? Yes

Details of +securities proposed to be issued

ASX +Security Code and Description SKN : ORDINARY FULLY PAID

Maximum Number of +securities proposed to be issued 1,000 Minimum Number of +securities Maximum Number of +securities proposed to be offered to each proposed to be offered to each individual +security holder individual +security holder 1 1,000 Minimum subscription $ amount Maximum subscription $ amount proposed to be offered to each proposed to be offered to each individual security holder individual security holder 0 80 Purpose of the issue cleansing

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Offer price details for retail security holders

In what currency will the offer be What is the offer price per +security? made? AUD 0.08000 AUD - Australian Dollar

Offer price details for institutional security holders

Could offer price per +security be determined by bookbuild? No

Oversubscription & Scale back details

Are +security holders allowed to oversubscribe? No

May a scale back be applied to this event? No

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

Attaching +Security

Is the proposed attaching security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional +securities in a class that is already quoted or recorded by ASX)? Existing class

Attaching +Security - Existing class (additional +securities in a class that is already quoted or recorded by ASX)

Details of attaching +securities proposed to be issued

ASX +Security Code and Description SKNOA : OPTION EXPIRING 31-DEC-2020

Maximum Number of +securities proposed to be issued
1,000
Minimum Number of +securities proposed to be offered	Maximum Number of +securities proposed to be offered
to each individual +security holder	to each individual +security holder
1	1,000
Minimum subscription $ amount proposed to be offered	Maximum subscription $ amount proposed to be offered
to each individual security holder	to each individual security holder
0	10
Offer price details for retail security holders

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In what currency will the offer be made?

AUD - Australian Dollar

What is the offer price per +security? AUD 0.01000

Offer price details for institutional security holders

Could offer price per +security be determined by bookbuild? No

Oversubscription & Scale back details

Are +security holders allowed to oversubscribe? No

May a scale back be applied to this event? No

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

Part 5C - Timetable

5C.1 Lodgement date of +disclosure document or +PDS with ASIC

Friday June 12, 2020

5C.2 Date when +disclosure document or +PDS and acceptance forms will be made available to investors

Monday June 15, 2020

5C.3 Offer open date

Monday June 15, 2020

5C.4 Closing date for receipt of acceptances

Monday June 22, 2020

5C.6 Proposed +issue date

Tuesday June 23, 2020

Part 5D - Listing Rule requirements

5D.1 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? No

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5D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes 5D.1b ( i ) How many +securities are proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

1,000 fully paid ordinary shares and 1,000 options

5D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No Part 5E - Fees and expenses

5E.1 Will there be a lead manager or broker to the proposed offer? No 5E.2 Is the proposed offer to be underwritten? No

5E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission? No

5E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed offer

Part 5F - Further Information

5F.1 Will the entity be changing its dividend/distribution policy if the proposed offer is successful? No

5F.2 The entity's allocation policy for the offer, including whether or not acceptances from existing +security holders will be given priority

n/a

5F.3 URL on the entity's website where investors can download the +disclosure document or +PDS www.skinelementslimited.com 5F.4 Any other information the entity wishes to provide about the proposed offer

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