SPARC TECHNOLOGIES LIMITED — Capital/Financing Update 2021

Dec 21, 2021

Announcement Summary

Entity name

SPARC TECHNOLOGIES LIMITED

Date of this announcement

Wednesday December 22, 2021

The +securities the subject of this notification are: Other

Total number of +securities to be issued/transferred

ASX +security code	Security description	Total number of +securities to be issued/transferred	Issue date
New class - code to be confirmed	Unlisted options exercisable at \$1.00 on or before 30 September 2025.	4,800,000	22/12/2021

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of entity

SPARC TECHNOLOGIES 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

ACN

Registration number

009092068

1.3 ASX issuer code SPN

1.4 The announcement is

New announcement

1.5 Date of this announcement

22/12/2021

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

Other

Please specify

as per Appendix 3B lodged on the 27 October 2021

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

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

Equity Securities

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	Unlisted options exercisable at \$1.00 on or before 30 September 2025.
+Security type	ISIN code

Options

Date the +securities the subject of this notification were issued

22/12/2021

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://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02440673-6A1057964?access\_token=8 3ff96335c2d45a094df02a206a39ff4

Options Details

+Security currency AUD - Australian Dollar Exercise price AUD 1.00000000 Expiry date 30/9/2025

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Description

Unlisted options exercisable at \$1.00 on or before 30 September 2025.

Any other information the entity wishes to provide about the +securities the subject of this notification

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

the market in an Appendix 3B

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02440673-6A1057964?access\_token=8 3ff96335c2d45a094df02a206a39ff4

Issue details

Number of +securities

4,800,000

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Refer to Notice of Meeting lodged with ASX on the 25 October 2021 for further information.

Purpose of the issue

Other

Equity Securities

Additional Details

Refer to Notice of Meeting lodged with ASX on the 25 October 2021 for further information.

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)
ASX +security code and description	Total number of +securities on issue
SPN : ORDINARY FULLY PAID	63,771,210

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
SPNAC : ORDINARY FULLY PAID RESTRICTED	11,857,895
SPNAD : OPTION EXPIRING 12-NOV-2023 RESTRICTED	2,159,265
SPNAE : PERFORMANCE SHARES RESTRICTED	7,000,000
SPNAG : OPTION EXPIRING 09-AUG-2023 EX \$0.30	650,000
SPNAK : OPTION EXPIRING 01-JUN-2024 EX \$0.35	2,000,000
SPNAJ : OPTION EXPIRING 31-DEC-2023 EX \$0.60	4,900,000
New class - code to be confirmed : Unlisted options exercisable at \$1.00 on or before 30 September 2025.	4,800,000

Equity Securities

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 30/11/2021

Equity Securities