SPARC TECHNOLOGIES LIMITED — Capital/Financing Update 2021

Nov 2, 2021

Announcement Summary

Entity name

SPARC TECHNOLOGIES LIMITED

Announcement Type

New announcement

Date of this announcement

Wednesday November 03, 2021

The +securities to be quoted are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Total number of +securities to be quoted

ASX +security code	Security description	Number of +securities to be quoted	Issue date
SPN	ORDINARY FULLY PAID	4,000,000	03/11/2021

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) 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 ABN

Registration number 13009092068

1.3 ASX issuer code SPN

1.4 The announcement is

New announcement

1.5 Date of this announcement

3/11/2021

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Previous Appendix 3B details:

Announcement Date and Time	Announcement Title	Selected Appendix 3B to submit quotation request
27-Oct-2021 10:34	New - Proposed issue of securities - SPN	A placement or other type of issue

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?

Yes

2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B

As provided, the Company will issue a further 3,000,000 shares and seeks approval to issue up to 7,500,000 unlisted options exercisable at \$1.00 on or before 30 Septemeber 2025. These options are subject to shareholder approval. The AGM is scheduled to be held 30 November 2021.

Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description

SPN : ORDINARY FULLY PAID

Issue date

3/11/2021

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

Number of +securities held	Number of holders	Total percentage of +securities held For example, to enter a value of 50% please input as 50.00
1 - 1,000		%
1,001 - 5,000		%
5,001 - 10,000		%
10,001 - 100,000		%
100,001 and over		%

Issue details

Number of +securities to be quoted 4,000,000
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 0.70000000
Any other information the entity wishes to provide about the +securities to be quoted

Please refer to ASX announcement lodged 27 October 2021 for further information.

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
SPN : ORDINARY FULLY PAID	62,695,210

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
SPNAF : OPTION EXPIRING 05-DEC-2021 EX \$1.20	212,500
SPNAG : OPTION EXPIRING 09-AUG-2023 EX \$0.30	975,000
SPNAJ : OPTION EXPIRING 31-DEC-2023 EX \$0.60	5,500,000