TITOMIC LIMITED — Board/Management Information 2018

Oct 21, 2018

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Appointment of Mr Jeffrey Lang as Managing Director

Melbourne, Australia 22[nd] October, 2018: Australian metal additive manufacturing Company Titomic Limited (ASX:TTT) (“Titomic” or “Company”) today announces the appointment of Mr. Jeffrey Lang as Managing Director and resignation of Chief Executive Officer (CEO), Mr. Gilbert Michaca.

The Company’s founder and former Interim-CEO Mr. Jeffrey Lang, who led the Company through its foundation, Initial Public Offering (IPO) and establishment of its major Melbourne cold-spray facility, will commence his role as Managing Director effective immediately.

Titomic Chairman Mr. Philip Vafiadis commented:

“Following our whirlwind IPO and unprecedented growth phase, the Titomic team has delivered a lot in a very short period of time.

With Jeff stepping into his new role as the Company’s Managing Director we are excited that his significant knowledge and networks across industry sectors, his deep understanding of the technology, his experience, his passion and his understanding of investor needs bodes well for future growth and shareholder value.”

Mr. Michaca commented:

“I have enjoyed my time with Titomic and the additive manufacturing sector, but I am moving to pursue other commercial opportunities more aligned with my interests. I look forward to witnessing Titomic’s growth and prosperity in the future.”

The Board thanks Mr. Michaca for his time with Titomic along with his implementation of a series of governance and operational structures to support the Company’s next growth phase and wishes him well in his future endeavours.

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Contacts:

James Strong Investor Relations +61 (0)448 881 174 investors@titomic.com

About Titomic:

Titomic (ASX:TTT) is headquartered in Melbourne, Australia. The company overcomes limitations of additive manufacturing (3D printing) for metals to manufacture complex parts without shape or size constraints. Titomic Kinetic Fusion offers manufacturing which enables speed-to-market, superior products with lower production inputs and using less resources for a more sustainable future.

Titomic systems can be customised to client requirements offering additive manufacturing advantages at industrial scale. Multiple robots can be utilised to scale up in both speed and size to compete with traditional subtractive manufacturing for industries such as aerospace, defence, resources (oil & gas, mining, industrial equipment), marine, construction, automotive and consumer & sporting goods.

TITOMIC LIMITED ABN 77 602 793 644

Building 1, 371 Ferntree Gully Road, Mount Waverley, Victoria, Australia 3149 Phone: + 61 (03) 9558 8822 | | info@titomic.com | www.titomic.com

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Other benefits of the Titomic Kinetic Fusion technology include:

• Joining dissimilar metals and composites for engineered properties in a structure

• no heat-related oxidation or distortion issues when it comes to manufacturing large parts

• Reduced time to market with industry-leading deposition speeds

Titomic’s business model involves providing clients with feasibility tests and manufacture of prototypes to work out the manufacturing costs of the product. Clients will be offered a licence to manufacture via Titomic Kinetic Fusion or choose to commission their own Titomic system. After the system sales, Titomic continues to support clients with powder and consumables supply, system upgrades, service and maintenance. For more information visit: www.titomic.com

Forward-looking statements:

Certain statements made in this release are forward-looking statements and are based on Titomic’s current expectations, estimates and projections. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “guidance” and similar expressions are intended to identify forward-looking statements. Although Titomic believes the forward-looking statements are based on reasonable assumptions, they are subject to certain risks and uncertainties, some of which are beyond Titomic’s control, including those risks or uncertainties inherent in the process of both developing and commercialising technology. As a result, actual results could materially differ from those expressed or forecasted in the forward-looking statements. The forward-looking statements made in this release relate only to events as of the date on which the statements are made. Titomic will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this release except as required by law or by any appropriate regulatory authority.’

– ’ Appendix Material terms of Jeffrey Lang s Employment Contract

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Commencement Date Monday 22 [nd] October 2018
The duties of Mr Lang are those consistent with the role of Managing Director, and any other
Duties
duties required by the Board of Titomic from time to time.
No fixed-term. Ongoing until terminated by either party in accordance with the employment
Term
contract.
Fixed Remuneration $350,000 per annum plus statutory superannuation.
Performance Rights $150,000 per annum in at-risk remuneration payable in equity as Performance Rights.
Mr. Jeffrey Lang and/or his nominee will receive $150,000 worth of Performance Rights, subject
to achievement of the Performance Hurdle, the Company will issue one new fully-paid ordinary
shares for each Performance Right achieved.
The Performance Hurdle is set at a share price equal to a 150% premium to the Company’s 30-
day VWAP share price on the date shareholder approval is granted, and must be satisfied within
three (3) years of the date of the granting of the Performance Rights or the Performance Right
will lapse and expire. If the performance hurdle is achieved, Titomic will issue one new fully paid
ordinary share to Mr. Jeffrey Lang for each Performance Right as follows:
$���,���
𝑵𝑺= 𝑺𝑽𝑾𝑨𝑷 where: NS means the number of shares to be issued to Mr. Jeffrey Lang (or
his nominee); and
SVWAP means the Company’s 30-day VWAP per share on the date
the shareholder approval is granted.
Probationary & No Probationary Period applies. A Notice Period of six (6) months written-notice by either party
Notice Period applies. Titomic may elect to pay Mr Lang in lieu of any notice period.
Post-employment Following the termination of employment, Mr Lang will be restricted from partaking in certain
Restraint activities ranging for between 1 month to 12 months in duration.
Special Should Mr. Lang’s employment as Managing Director cease, Mr. Lang will remain a Non-
Considerations Executive Director of the Company in accordance governed by standard regulatory laws.
Lang’s employment agreement also contains general provisions relating to compliance with
Other Terms Titomic’s policies, reimbursement of expenses, leave entitlements, confidentiality and intellectual
property.
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