SKIN ELEMENTS LIMITED — Capital/Financing Update 2020

Mar 22, 2020

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23 March 2020

NEW SECURITIES ISSUES

Skin Elements Limited (SKN) is pleased to advise that it has completed a number of new securities issues under its LR7.1 and LR7.1A capacity as follows:

The issue of 2,500,000 ordinary fully paid shares to Titan Securities Pty Ltd pursuant to the Lead Management Agreement for the recent entitlement issue completed on 10 March 2020. These shares are issued under the Company’s LR7.1 capacity.

The issue of 598,315 ordinary fully paid shares to Ridgescan Pty Ltd pursuant to a contract for the provision of project services. These shares are issued under the Company’s LR7.1 capacity.

The issue of 9,000,000 ordinary fully paid shares and 3,000,000 unlisted options exercisable at $0.03 on or before 31 December 2020 to sophisticated investors for a placement raising $90,000 cash working capital. These shares and options are issued under the Company’s LR7.1 capacity.

The issue of 24,800,000 ordinary fully paid shares to sophisticated investors for a placement raising $310,000 cash working capital. These shares are issued under the Company’s LR7.1A capacity.

In accordance with LR3.10.3, SKN will provide an Appendix 3B in online form to follow.

This announcement is approved by the Board of Directors of Skin Elements Limited .

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About Skin Elements

Skin Elements is an ASX-listed skin care company focused on the development of natural and organic skin care products, as an alternative to current chemical-based products. It has developed a portfolio of products which includes, the Soléo Organics 100% natural and organic sunscreen, pawpaw based PapayaActivs natural therapeutic skincare, the Elizabeth Jane Natural Cosmetics brand, and the Invisi Shield skin sanitiser range. The Company has completed a highly successful test marketing phase in major international markets for Soléo Organics and has regulatory approval with the USA FDA, TGA and other significant regulators. Skin Elements aims to become the number one recognised national and international sunscreen brand.

Further information is available via the Company website: http://skinelementslimited.com

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