TEST SECURITY — Capital/Financing Update 2024

Jun 21, 2024

Appendix 3B - Proposed issue of securities

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Cancellation Summary Entity name TEST SECURITY Announcement Type Cancellation of previous announcement Date of this announcement 22/6/2024 Reason for cancellation of previous announcement Test Test Test Refer to next page for full details of the announcement

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

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Part 1 - Entity and announcement details

1.1 Name of +Entity

TEST SECURITY

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.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

1.2 Registered Number Type

other

Registration Number

12345

1.3 ASX issuer code

TES

1.4 The announcement is

Cancellation of previous announcement

1.4c Reason for cancellation of previous announcement

Test Test Test

1.4d Date of previous announcement to this cancellation

22/6/2024

1.5 Date of this announcement

22/6/2024

1.6 The Proposed issue is:

An offer of +securities under a +securities purchase plan

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Appendix 3B - Proposed issue of securities

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Part 4 - Details of proposed offer under securities purchase plan

Part 4A - Conditions

4A.1 Do any external approvals need to be obtained or other conditions satisfied before the offer of +securities under the +securities purchase plan issue can proceed on an unconditional basis? No

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Appendix 3B - Proposed issue of securities

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Part 4B - Offer details

+Class or classes of +securities that will participate in the proposed issue and +class or classes of +securities proposed to be issued

ASX +security code and description

TESN : TEST CHESS DEPOSITARY INTERESTS 1:1

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 TESN : TEST CHESS DEPOSITARY INTERESTS 1:1 Maximum total number of those +securities that could be issued if all offers under the +securities purchase plan are accepted 10,000 Will the offer be conditional on applications for a minimum number of +securities being received or a minimum amount being raised (i.e. a minimum subscription condition)? Yes Describe the minimum subscription condition Test Test Test Will the offer be conditional on applications for a maximum number of +securities being received or a maximum amount being raised (i.e. a maximum subscription condition)? Yes Describe the maximum subscription condition Test Test Test Will individual security holders be required to accept the offer for a minimum number or value of +securities (i.e. a minimum acceptance condition)? Yes Is the minimum acceptance unit based or dollar based? Dollar based ($) Please enter the minimum acceptance value $ 500 Will individual security holders be limited to accepting the offer for a maximum number or value of +securities (i.e. a maximum acceptance condition)? Yes Is the maximum acceptance unit based or dollar based? Dollar based ($)

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Appendix 3B - Proposed issue of securities

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Please enter the maximum acceptance value

$ 10,000

Describe all the applicable parcels available for this offer in number of securities or dollar value Test Test Test Offer price details Has the offer price been determined? No In what currency will the offer be made? NZD - New Zealand Dollar How and when will the offer price be determined? Test Test Test Oversubscription & Scale back details Will a scale back be applied if the offer is over-subscribed? No Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

Part 4C - Timetable

4C.1 Date of announcement of +security purchase plan 24/6/2024 4C.2 +Record date 21/6/2024 4C.3 Date on which offer documents will be made available to investors 3/7/2024 4C.4 Offer open date 4/7/2024 4C.5 Offer closing date 18/7/2024 4C.7 +Issue date and last day for entity to announce results of +security purchase plan offer 25/7/2024

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Appendix 3B - Proposed issue of securities

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Part 4D - Listing Rule requirements

4D.1 Does the offer under the +securities purchase plan meet all of the requirements of listing rule 7.2 exception 5 or do you have a waiver from those requirements? Yes

Part 4E - Fees and expenses

4E.1 Will there be a lead manager or broker to the proposed offer? No

4E.2 Is the proposed offer to be underwritten? No 4E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission? No

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

Part 4F - Further Information

4F.01 The purpose(s) for which the entity intends to use the cash raised by the proposed issue Test Test Test

4F.1 Will the entity be changing its dividend/distribution policy if the proposed offer is successful? No

4F.2 Countries in which the entity has +security holders who will not be eligible to accept the proposed offer

4F.3 URL on the entity's website where investors can download information about the proposed offer Test Test Test

4F.4 Any other information the entity wishes to provide about the proposed offer

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