TEST SECURITY — Share Issue/Capital Change 2019

Nov 29, 2019

Proposed issue of securities

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Announcement Summary

Entity name TEST SECURITY

Announcement Type

New announcement

Date of this announcement

Saturday November 30, 2019

The Proposed issue is: A bonus issue

Total number of +securities proposed to be issued for a bonus issue

Maximum Number of ASX +Security Code +Security Description +securities to be issued

Ex Date

Tuesday July 7, 2020

+Record Date

Wednesday July 8, 2020

+Issue Date

Wednesday July 15, 2020

Refer to next page for full details of the announcement

Proposed issue of securities

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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.

1.2 Registered Number Type

other

Registration Number

12345

1.3 ASX issuer code

TES

1.4 The announcement is

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New announcement

1.5 Date of this announcement

Saturday November 30, 2019

1.6 The Proposed issue is:

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A bonus issue

Proposed issue of securities

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Proposed issue of securities

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Part 2 - Details of proposed bonus issue

Part 2A - Conditions

• 2A.1 - Are any of the below approvals required for the bonus issue 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 bonus issue

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No

Part 2B - Issue 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

TES : TEST ORDINARY SECURITY

Is the proposed security a 'New Will the proposed issue of this If the entity has quoted company class' (+securities in a class that is +security include an offer of options, do the terms entitle option not yet quoted or recorded by ASX) attaching +securities? holders to participate on exercise? or an 'Existing class' (additional No No securities in a class that is already quoted or recorded by ASX)? New class

Details of +securities proposed to be issued

ISIN Code (if Issuer is a foreign company and +securities are non CDIs)

Have you received confirmation from Will the entity be seeking quotation ASX that the terms of the proposed of the 'new' class of +securities on +securities are appropriate and ASX? equitable under listing rule 6.1? No No ASX +Security Code +Security Description New class-code to be confirmed Test

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Proposed issue of securities

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+Security Type

Ordinary fully or partly paid shares/units

Offer ratio (ratio to existing holdings at which the proposed +securities will be issued)

The quantity of additional +securities For a given quantity of +securities to be issued held 1 1

For example:- 1 for 2 (1:2) 1 new +securities offered for every 2 +securities held

What will be done with fractional Maximum Number of +securities entitlements? proposed to be issued Fractions rounded down to the nearest 100 whole number or fractions disregarded

Purpose of the issue

Test

Will all the +securities issued in this class rank equally in all respects from their issue date? No

If some of the issued +securities do not rank equally

Is the actual date from which the +securities will rank equally (non-ranking end date) known? No

Provide the estimated non-ranking end period

Test

Please state the extent to which the +securities do not rank equally: In relation to the next dividend, distribution or interest payment; or For any other reason

Test

Ordinary fully or partly paid shares/units details

+Security Currency

AUD - Australian Dollar

Is it a CDI class of security? No

Is it a Partly Paid class of security? No

Is it a stapled class of security? No

Please provide any further information relating to the principal terms of the +securities Test

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Proposed issue of securities

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Part 2C - Timetable

2C.1 +Record Date

Wednesday July 8, 2020

2C.3 Ex Date

Tuesday July 7, 2020

2C.4 Record Date

Wednesday July 8, 2020

2C.5 +Issue Date

Wednesday July 15, 2020

2C.6 Trading starts on a normal T+2 basis

Thursday July 16, 2020

2C.7 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis Monday July 20, 2020

Part 2D - Further Information

2D.1 Will holdings on different registers or subregisters be aggregated for the purposes of determining entitlements to the +bonus issue?

2D.2 Countries in which the entity has security holders who will not be eligible to participate in the proposed +bonus issue

Test

2D.3 Will the entity be changing its dividend/distribution policy as a result of the proposed +bonus issue

2D.4 Details of any material fees or costs to be incurred by the entity in connection with the proposed +bonus issue

Test

2D.5 Any other information the entity wishes to provide about the proposed +bonus issue

test

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