TEST SECURITY — Share Issue/Capital Change 2019

Nov 29, 2019

Notification of cash return of capital

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Announcement Summary

Entity name

TEST SECURITY

Applicable security for the return of capital

TES - TEST ORDINARY SECURITY

Announcement Type

New announcement

Date of this announcement Saturday November 30, 2019

Return of Capital amount per security $ 0.10000000

Trading in the re-organised +securities on an "ex return of capital" basis commences Tuesday July 7, 2020

Record Date

Wednesday July 8, 2020

Payment Date

Wednesday July 15, 2020

Additional Information Test

Refer to below for full details of the announcement

Notification of cash return of capital

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Notification of cash return of capital

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Announcement Details

Part 1 - Entity and announcement details

1.1 Name of +Entity

TEST SECURITY

1.2 Registered Number Type Registration Number other 12345

1.3 ASX issuer code

TES

1.4 The announcement is New announcement

1.5 Date of this announcement

Saturday November 30, 2019

1.6 ASX +Security Code

TES

ASX +Security Description

TEST ORDINARY SECURITY

Part 2 - Cash return of capital approval requirements and dates

• 2.1 Are any of the below approvals required for the cash return of capital 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 cash return of capital.

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No

2.2 Is the cash return of capital a selective reduction of capital Yes

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Notification of cash return of capital

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2.2a Date of lodgement of +security holder resolution Is the date estimated or actual? approving the cash return of capital with ASIC Actual

Wednesday July 1, 2020

2.2b Date that is fourteen days after date of lodgement of +security holder resolution approving the capital return with +ASIC

Wednesday July 15, 2020

Part 3 - Cash return of capital timetable and details

3.1 +Record date

Wednesday July 8, 2020

3.1a Effective date of the cash return of capital

Friday July 3, 2020

3.2 Does the +entity have quoted options on issue?

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No

3.2a Last day for trading in "cum return of capital" +securities. If the entity has quoted options, last day for trading in pre-return of capital quoted options

3.3 Trading in the re-organised +securities on an "ex return of capital" basis commences. If the entity has quoted options and ASX agrees, trading in the quoted options commences on a +deferred settlement basis. Tuesday July 7, 2020

3.4 +Record Date

Wednesday July 8, 2020

3.4a If the entity has quoted options, first day for the +entity to send holding statements to +security holders notifying them of the change in exercise price for the quoted options they hold.

3.5 Payment date for cash return of capital. If applicable and the +entity has quoted options, +deferred settlement market in options ends. Last day for entity to send holding statements to +security holders notifying them of the change in exercise price for the quoted options they hold and to notify ASX that this has occurred. Wednesday July 15, 2020

3.5a If the +entity has quoted options, trading in the options starts on a normal T+2 basis

3.5b If the +entity has quoted options, first settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis

3.6 Currency in which the cash return of capital is made ("primary currency")

AUD - Australian Dollar

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Notification of cash return of capital

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3.7 Cash return of capital amount per +security

$ 0.10000000

Part 4 - Changes to option pricing as a result of the cash return of capital

4.1 Will the cash return of capital affect the exercise price of any +entity-issued options? No Part 5 - Further information

5.1 Has the +entity applied for an ATO class ruling relating to this cash return of capital? No

5.2 Source of funds for cash return of capital Test 5.3 Further information relating to this cash return of capital Test 5.4 Additional information for inclusion in the Announcement Summary Test

Notification of cash return of capital

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