SKIN ELEMENTS LIMITED — Share Issue/Capital Change 2023

Jun 21, 2023

Announcement Summary

Entity name

SKIN ELEMENTS LIMITED

Announcement Type

New announcement

Date of this announcement

Thursday June 22, 2023

The +securities to be quoted are:

Other

Total number of +securities to be quoted

ASX +securitycode	Security description	Number of +securities tobe quoted	Issue date
SKNOD	OPTION EXPIRING 31-MAY-2026	3,971,238	22/06/2023
SKN	ORDINARY FULLY PAID	3,971,238	22/06/2023

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of entity

SKIN ELEMENTS 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 608047794

1.3 ASX issuer code SKN

1.4 The announcement is

New announcement

1.5 Date of this announcement

22/6/2023

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

Other

2.2 The +securities to be quoted are:

Additional +securities in a class that is already quoted on ASX ("existing class")

2.3c Have these +securities been offered under a +disclosure document or +PDS? No

2.3d Please provide any further information needed to understand the circumstances in which you are applying to have these +securities quoted on ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

Securities represent over-subscriptions received under an entitlement prospectus dated 5 April 2023. Refer to ASX Ann dated today titled 'entitlement issue shortfall completed oversubscribed'

2.4 Any on-sale of the +securities to be quoted within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f)

Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an

Appendix 3B

Additional +securities to be quoted in an existing class

ASX +security code and description SKN : ORDINARY FULLY PAID

Issue date

22/6/2023

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

Issue details

Number of +securities to be quoted
3,971,238
Are the +securities being issued for a cash consideration?Yes
In what currency is the cash consideration being paid?	What is the issue price per +security?
AUD - Australian Dollar	AUD 0.01000000
Any other information the entity wishes to provide about the +securities to be quoted

over-subscriptions received under an entitlement prospectus dated 5 April issued to a sophisticated and professional investor who is a current shareholder of the Company

The purpose(s) for which the entity is issuing the securities

Other

Please provide additional details

will contribute towards business development sales & marketing production & operations & working capital

Additional +securities to be quoted in an existing class

ASX +security code and description

SKNOD : OPTION EXPIRING 31-MAY-2026

Issue date

22/6/2023

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

Issue details

Number of +securities to be quoted

3,971,238

Are the +securities being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

issued free as attaching options to shares subscribed for

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

0.000000

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

The purpose(s) for which the entity is issuing the securities

Other

Please provide additional details

will contribute towards business development sales & marketing production & operations & working capital

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
SKNOD : OPTION EXPIRING 31-MAY-2026	66,308,337
SKN : ORDINARY FULLY PAID	532,443,234

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
SKNAH : OPTION EXPIRING 15-MAR-2024 EX $0.12	26,000,000
SKNAS : OPTION EXPIRING 31-OCT-2025 EX $0.05	28,000,000
SKNAP : PERFORMANCE RIGHTS CLASS A	100,000,000
SKNAG : PERFORMANCE RIGHTS	47,000,000
SKNAQ : PERFORMANCE RIGHTS CLASS B	62,000,000

Part 5 - Other Listing Rule requirements

5.1 Are the +securities being issued under an exception in Listing Rule 7.2 and therefore the issue does 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?

3971238 SKN ORD & 3971238 SKNOD - 7,942,476 securities in total

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