TITANIUM SANDS LIMITED — Share Issue/Capital Change 2023

Aug 8, 2023

Application for quotation of +securities

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Announcement Summary

Entity name

TITANIUM SANDS LIMITED

Announcement Type

New announcement

Date of this announcement

Wednesday August 09, 2023

The +securities to be quoted are:

+Securities issued under an +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
TSL	ORDINARY FULLY PAID	12,500,000	08/08/2023

Refer to next page for full details of the announcement

Application for quotation of +securities

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Application for quotation of +securities

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Part 1 - Entity and announcement details

1.1 Name of entity

TITANIUM SANDS LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

ACN

Registration number 009131533

1.3 ASX issuer code

TSL

1.4 The announcement is

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New announcement

1.5 Date of this announcement

9/8/2023

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities issued under an +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer

2.2 The +securities to be quoted are:

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Additional +securities in a class that is already quoted on ASX ("existing class")

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Application for quotation of +securities

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Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an Appendix 3B

Additional +securities to be quoted in an existing class issued under an +employee incentive scheme FROM (Existing Class) ASX +security code and description No security currently exists

FROM (Existing Class) +Security description New Shares being issued not held under a current class TO (Existing Class) ASX +security code and description TSL : ORDINARY FULLY PAID Please state the number of +securities issued under the +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer 12,500,000 Please provide details of a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms See Notice of Annual General Meeting/Proxy Form lodged with ASX on 17 October 2022.

Are any of these +securities being issued to +key management personnel (KMP) or an +associate No Issue date 8/8/2023 Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

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Application for quotation of +securities

Issue details

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Number of +securities to be quoted

12,500,000

Are the +securities being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

The purpose of the issue is to assist in the reward, retention and motivation of Eligible Participants, as well as link the reward of Eligible Participants to Shareholder value creation.

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

0.005000

Any other information the entity wishes to provide about the +securities to be quoted

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Application for quotation of +securities

Part 4 - Issued capital following quotation

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Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities subject of this application)

	Total number of
ASX +security code and description	+securities on issue
TSL : ORDINARY FULLY PAID	1,711,804,701
TSLO : OPTION EXPIRING 17-NOV-2023	66,897,716

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
TSLAH : OPTION EXPIRING 16-FEB-2026 EX $0.023	314,727,284
TSLAD : PERFORMANCE SHARES RESTRICTED	33,333,333

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Part 5 - Other Listing Rule requirements

5.1 Are the +securities being issued under an exception in Listing Rule 7.2 and therefore the issue does not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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