SPRINTEX LIMITED — Capital/Financing Update 2022

May 19, 2022

Announcement Summary

Entity name

SPRINTEX LIMITED

Date of this announcement

Friday May 20, 2022

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 with an expiry date of 18 May 2023 andexercise price of $0.10	1,333,333	19/05/2022

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of entity

SPRINTEX 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 ABN

Registration number 38106337599

1.3 ASX issuer code SIX

1.4 The announcement is New announcement

1.5 Date of this announcement

20/5/2022

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

Other

Please specify

! for 2 options attaching to a placement

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	Options with an expiry date of 18 May 2023 and exerciseprice of $0.10
+Security type	ISIN code
Options
Date the +securities the subject of this notification were issued19/5/2022
	Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
listing rule 6.1?Yes	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 0.10000000 Expiry date 18/5/2023

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

SIX - ordinary shares

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

See Appendix 3B of 2 November 2021

Issue details

Number of +securities1,333,333
Were the +securities issued for a cash consideration?Yes
In what currency was the cash consideration beingpaid?	What was the issue price per +security?
AUD - Australian Dollar	AUD 0.15000000
Purpose of the issue

To raise additional working capital

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
SIX : ORDINARY FULLY PAID	247,354,327
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
SIXAS : OPTION EXPIRING 13-DEC-2022 EX $0.10	486,670
SIXAT : PERFORMANCE RIGHTS	20,520,000

SIXAU : OPTION EXPIRING 12-APR-2023 EX $0.10 16,204,839

SIXAP : OPTION EXPIRING 12-APR-2024 EX $0.086 5,000,000

SIXAR : OPTION EXPIRING 19-MAY-2024 EX $0.086 3,000,000

SIXAQ : OPTION EXPIRING 19-MAY-2024 EX $0.015 2,000,000

New class - code to be confirmed : Options with an expiry date of 18 May 2023 and exercise price of $0.10 1,333,333

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? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes

5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

1,333,333

5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No

Equity Securities