SPARC TECHNOLOGIES LIMITED — Capital/Financing Update 2021

Oct 24, 2021

Market Announcement

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25 October 2021

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Sparc Technologies Limited (ASX: SPN) – Trading Halt

Description

The securities of Sparc Technologies Limited (‘SPN’) will be placed in trading halt at the request of SPN, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Wednesday, 27 October 2021 or when the announcement is released to the market.

Issued by

Raj Logarajah

Adviser, Listings Compliance (Perth)

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

25 October 2021 ASX Limited

ASX ANNOUNCEMENT 25 October 2021

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Ms Vanessa Nevjestic Adviser, Listings Compliance Listing Compliance - Perth

Dear Vanessa

Pursuant to ASX Listing Rule 17.1, Sparc Technologies Limited (the Company) requests that the ASX grants a trading halt with respect to the Company's shares.

The trading halt is requested pending an announcement to be made by the Company to the market in connection with considering, planning and executing a material capital raising and transaction (“purpose”).

In accordance with Listing Rule 17.1, the Company provides the following information in relation to the request:

1. The trading halt is necessary to assist the Company in managing its continuous disclosure obligations as the Company expects to make a material announcement to the market for the stated purpose.

2. The Company requests that the trading halt remains in place until the earlier of commencement of normal trading on Wednesday 27 October 2021, or when the announcement regarding the purpose is released to the market.

3. The Company expects to make the announcement to the market before the commencement of normal trading on Wednesday 27 October 2021.

4. The Company is not aware of any reason why the trading halt should not be granted or of any further information necessary to inform the market about the trading halt.

Please contact me if you require any further information concerning this matter.

Released with the authority of the Board.

Yours sincerely

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Mr Adrien Wing Company Secretary

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Directors

Registered Office Level 2 480 Collins Street Melbourne VIC 3000 Australia E: info@sparctechnologies.com.au

Sparc Technologies Ltd ACN 009 092 068 ASX: SPN

Stephen Hunt - Executive Chairman Mike Bartels – Managing Director Tom Spurling – Non-Executive Director Daniel Eddington – Non-Executive Director

www.sparctechnologies.com.au