SPARC TECHNOLOGIES LIMITED — Share Issue/Capital Change 2023

Dec 20, 2023

Announcement Summary

Entity name

SPARC TECHNOLOGIES LIMITED

Date of this announcement

Thursday December 21, 2023

The +securities the subject of this notification are: Other

Total number of +securities to be issued/transferred

ASX +securitycode	Security description	Total number of+securities to beissued/transferred	Issue date
New class - codeto be confirmed	options - exercisable at $0.35 expiring 21-Dec2027	7,250,000	20/12/2023

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

21/12/2023

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

Other

Please specify

3.5M options issued to directors and 3.75M options issues to employees and consultants under ESIP.

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")

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	options - exercisable at $0.35 expiring 21-Dec 2027
+Security type	ISIN code
Options
Date the +securities the subject of this notification were issued
20/12/2023
Yes	Will all the +securities issued in this class rank equally in all respects from their issue date?
listing rule 6.1?No	Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
issued.	Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being

Options Details

+Security currency AUD - Australian Dollar Exercise price AUD 0.35000000 Expiry date 21/12/2027

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

Other

Equity Securities

Description

One fully paid ordinary share upon the conversion of one option

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

3.5M options issued to directors and 3.75M options issues to employees and consultants under ESIP and approved by shareholders at the 2023 AGM.

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

Refer to Notice of Meeting lodged with ASX on 27 October for further information.

Issue details

Number of +securities

7,250,000

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 27 October for further information.

Purpose of the issue

Other

Additional Details

Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities ofthe 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 oneapplication 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	85,645,674
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

SPNAE : PERFORMANCE RIGHTS	7,000,000
SPNAN : OPTION EXPIRING 01-JUL-2026 EX $0.90	750,000
SPNAH : OPTION EXPIRING 30-NOV-2024 EX $1.00	4,442,308
SPNAL : OPTION EXPIRING 30-SEP-2025 EX $1.00	3,050,000
SPNAK : OPTION EXPIRING 01-JUN-2024 EX $0.35	1,700,000
SPNAM : OPTION EXPIRING 28-FEB-2026 EX $1.20	1,000,000
SPNAJ : OPTION EXPIRING 31-DEC-2023 EX $0.60	4,400,000
New class - code to be confirmed : options - exercisable at $0.35 expiring 21-Dec 2027	7,250,000

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 28/11/2023