TEST SECURITY — Share Issue/Capital Change 2018

Aug 17, 2018

Notification of Consolidation/Split

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Notification of Consolidation/Split

Announcement Summary

Entity name

TEST SECURITY

Applicable security for the reorganisation

TES TEST ORDINARY SECURITY TESO TEST OPTION SECURITY TESAI TEST UNQUOTED OPTION

Announcement Type

New Announcement

Date of this announcement Saturday August 18, 2018

Reorganisation type

Security consolidation

Effective Date Thursday September 20, 2018

Record Date

Friday September 21, 2018

Issue Date

Friday September 28, 2018

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

1.1 *Name of +Entity

TEST SECURITY

Registration Number

1.2 *Registered Number Type

ABN 99999999911

1.3 *ASX issuer code

TES

1.4 *The announcement is

New announcement

1.5 *Date of this announcement

Saturday August 18, 2018

Notification of Consolidation/Split

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Notification of Consolidation/Split

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1.6 *Securities affected by the reorganisation

TES TEST ORDINARY SECURITY TESO TEST OPTION SECURITY TESAI TEST UNQUOTED OPTION

Part 2 - Approvals

2.1 *Are any of the below approvals required for the reorganisation before business day 0 of the timetable?

• Security holder approval Court approval Lodgement of court order with +ASIC ACCC approval

• FIRB approval

Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the reorganisation.

Yes

2.2 Approvals

Approval/Condition Date for determination Is the date estimated Approval +Security holder Tuesday September or actual? received/condition approval 18, 2018 Estimated met? [Select...] Comments**

Test

Part 3 - Reorganisation timetable and details

3.1 *+Record date

Friday September 21, 2018

3.2 Date of +security holder meeting

Tuesday September 18, 2018

3.3 Last day for trading in the pre-re-organised +securities

Wednesday September 19, 2018

3.4 *Effective date. Trading in the re-organised securities commences on a +deferred settlement basis. If the +entity's securities are suspended from trading during this period there will be no +deferred settlement trading however ASX still captures this date.

Thursday September 20, 2018

3.5 Record date

Friday September 21, 2018

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3.6 First day for +entity to send notices to +security holders of the change in the number of +securities they hold. First day for +entity to register +securities on a post-reorganised basis

Monday September 24, 2018

3.7 *+Issue date. +Deferred settlement market ends. Last day for +entity to send notices to +security holder of the change in the number of +securities they hold. Last day for +entity to register +securities on a post-reorganised basis Friday September 28, 2018

3.8 Trading starts on a normal T+2 basis

Monday October 1, 2018

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis

Wednesday October 3, 2018

Part 4 - Reorganisation type and details

4.1 *The reorganisation is

+Security consolidation

4.1a *Consolidation ratio: the +securities will be consolidated on the basis that every

10

(pre-consolidation) +securities will be consolidated into

1

(post-consolidation) +security (/ies).

4.2 *Scrip fraction rounding

Fractions rounded down to the nearest whole number or fractions disregarded

Part 5 - +Securities on issue before and after reorganisation

5.1 *+Securities on issue before and after the reorganisation

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ASX +Security Code ASX +Security
TES Description
TEST ORDINARY
SECURITY
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Quoted before reorganisation reorganisation Estimated
10,000,000 1,000,000
ASX +Security Code ASX +Security
TESO Description
TEST OPTION
SECURITY
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Quoted before reorganisation reorganisation Estimated
500,000 50,000
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Notification of Consolidation/Split

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ASX +Security Code ASX +Security
TESAI Description
TEST UNQUOTED
OPTION
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Unquoted before reorganisation reorganisation Estimated
250,000 25,000
5.2 Exercise price of options
ASX +Security Code ASX +Security Description
TESO TEST OPTION SECURITY
Quoted/unquoted Exercise price before Exercise price after
Quoted reorganisation reorganisation
0.20000000 2.00000000
ASX +Security Code ASX +Security Description
TESAI TEST UNQUOTED OPTION
Quoted/unquoted Exercise price before Exercise price after
Unquoted reorganisation reorganisation
0.20000000 2.00000000
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Part 6 - Further information

6.1 Further information relating to the reorganisation

Test

6.2 Additional information for inclusion in the Announcement Summary

Notification of Consolidation/Split

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