SSH GROUP LTD — Share Issue/Capital Change 2022

May 10, 2022

Announcement Summary

Entity name

SSH GROUP LTD

Announcement Type

New announcement

Date of this announcement

Wednesday May 11, 2022

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 +securitycode	Security description	Number of +securities tobe quoted	Issue date
SSH	ORDINARY FULLY PAID	2,496,756	10/05/2022

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of entity

SSH GROUP LTD

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 ACN

Registration number 140110130

1.3 ASX issuer code SSH

1.4 The announcement is

New announcement

1.5 Date of this announcement

11/5/2022

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 andTime	Announcement Title	Selected Appendix 3B to submit quotationrequest
20-Apr-2022 08:51	New - Proposed issue of securities -SSH	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

Deferred consideration of $562,500 at the 20-day vwap at six months from completion (assumed 23.5 issue price).

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

SSH : ORDINARY FULLY PAID

Issue date

10/5/2022

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 heldFor 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

2,496,756

Are the +securities being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Partial consideration for the acquisition of Karratha Machinery Hire (refer ASX release 20 April 2022)

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

0.225000

Any other information the entity wishes to provide about the +securities to be quoted

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
SSH : ORDINARY FULLY PAID	40,137,405

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
SSHAB : ORDINARY FULLY PAID RESTRICTED	22,193,750
SSHAC : OPTION EXPIRING 18-FEB-2024 EX $0.25	2,833,332
SSHAD : OPTION EXPIRING 18-FEB-2024 RESTRICTED	5,300,000
SSHAE : OPTION EXPIRING 09-SEP-2024 RESTRICTED	7,000,000
SSHAF : OPTION EXPIRING 09-SEP-2025 RESTRICTED	10,000,000
SSHAG : PERFORMANCE RIGHTS CLASS A RESTRICTED	500,000
SSHAH : PERFORMANCE RIGHTS CLASS B RESTRICTED	150,000
SSHAI : PERFORMANCE RIGHTS CLASS C RESTRICTED	350,000