TEST SECURITY — Share Issue/Capital Change 2021

Jun 4, 2021

Notification of cash return of capital

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Announcement Summary

Entity name

TEST SECURITY

Applicable security for the return of capital

TESN - TEST CHESS DEPOSITARY INTERESTS 1:1

Announcement Type

New announcement

Date of this announcement

5/6/2021

Return of Capital amount per security

NZD 1.23000000

Trading in the re-organised +securities on an "ex return of capital" basis commences

11/6/2021

Record Date

15/6/2021

Payment Date

22/6/2021

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 456123546133

1.3 ASX issuer code

TES

1.4 The announcement is

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New announcement

1.5 Date of this announcement

5/6/2021

1.6 ASX +Security Code

TESN

ASX +Security Description

TEST CHESS DEPOSITARY INTERESTS 1:1

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

Is the date estimated or actual? Estimated

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Notification of cash return of capital

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2.2a Date of lodgement of +security holder resolution approving the cash return of capital with ASIC

4/6/2021

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

18/6/2021

Part 3 - Cash return of capital timetable and details

3.1 +Record date

15/6/2021

3.1a Effective date of the cash return of capital

9/6/2021

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.

11/6/2021

3.4 +Record Date

15/6/2021

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. 22/6/2021

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")

NZD - New Zealand Dollar

Notification of cash return of capital

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Notification of cash return of capital

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3.7 Cash return of capital amount per +security

NZD 1.23000000

3.7a AUD equivalent cash return of capital amount per +security (in primary currency)

AUD 1.12000000

3.7c FX rate (in format AUD rate / primary currency rate): AUD

Primary Currency

NZD 1.12000000

AUD 1.00000000

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?

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No

Part 5 - Further information

5.1 Has the +entity applied for an ATO class ruling relating to this cash return of capital?

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Yes

5.1a Please provide further information on the ATO ruling

ATO test info

5.2 Source of funds for cash return of capital

Test funds

5.3 Further information relating to this cash return of capital

Test capital return

5.4 Additional information for inclusion in the Announcement Summary

Notification of cash return of capital

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