SPECTUR LIMITED — Capital/Financing Update 2021

Apr 26, 2021

Announcement Summary

Entity name SPECTUR LIMITED

Announcement Type

New announcement

Date of this announcement

Tuesday April 27, 2021

The Proposed issue is: A placement or other type of issue

Total number of +securities proposed to be issued for a placement or other type of issue

ASX +security code	+Security description	Maximum Number of +securities to be issued
SP3	ORDINARY FULLY PAID	25,000,000

Proposed +issue date

Friday December 29, 2023

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of +Entity

SPECTUR LIMITED

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

1.2 Registered Number Type

ACN

Registration Number

140151579

1.3 ASX issuer code

SP3

1.4 The announcement is

New announcement

1.5 Date of this announcement

Tuesday April 27, 2021

1.6 The Proposed issue is:

A placement or other type of issue

Part 7 - Details of proposed placement or other issue

Part 7A - Conditions

7A.1 - Are any of the following approvals required for the placement or other type of issue?

• +Security holder approval
• Court approval
• Lodgement of court order with +ASIC
• ACCC approval
• FIRB approval
• Another approval/condition external to the entity

Yes

7A.1a Conditions

Approval/Condition	Date for determination	Is the date estimated or actual?	** Approval received/condition met?
+Security holder approval	Friday October 22, 2021
		Estimated

Comments

Part 7B - Issue details

Is the proposed security a 'New
class' (+securities in a class that is
not yet quoted or recorded by ASX)
or an 'Existing class' (additional
securities in a class that is already
quoted or recorded by ASX)?
Existing class

Will the proposed issue of this +security include an offer of attaching +securities? No

Details of +securities proposed to be issued

ASX +security code and description

SP3 : ORDINARY FULLY PAID

Number of +securities proposed to be issued

25,000,000

Offer price details

Are the +securities proposed to be issued being issued for a cash consideration? No

Please describe the consideration being provided for the +securities

Repayment election for Spectur's \$1.5 million Loan Facility. Spectur may, at its election, elect to repay all or part of the outstanding Loan in the form of fully paid ordinary shares, in lieu of cash. Each share will be issued at a 20% discount to the 30-day volume-weighted average price of Spectur shares traded on ASX leading up to the repayment date.

The 25,000,000 shares detailed above assumes: i) A VWAP of 7.5c (discounted by 20% to 6c).

ii) Repayment of the full \$1,500,000 via issue of shares.

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities

1,875,000.000000

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

Part 7C - Timetable

7C.1 Proposed +issue date Friday December 29, 2023

Part 7D - Listing Rule requirements

7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? Yes

7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

Friday October 22, 2021

7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? No

7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No

7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? No

Part 7E - Fees and expenses

7E.1 Will there be a lead manager or broker to the proposed issue? No

7E.2 Is the proposed issue to be underwritten? No

7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue

None

Part 7F - Further Information

7F.01 The purpose(s) for which the entity is issuing the securities

The proposed issue is to provide Spectur with the flexibility, if required, to elect to repay all or part of the \$1.5 million Loan Facility provided by EGP Capital in the form of fully paid ordinary shares, in lieu of a cash repayment.

7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No

7F.2 Any other information the entity wishes to provide about the proposed issue

Each fully paid ordinary share to be issued (if elected by Spectur to repay the facility in lieu of cash) at a 20% discount to the 30-day volume-weighted average price of Spectur shares traded on ASX leading up to the loan repayment date.