TITOMIC LIMITED — Capital/Financing Update 2021

Oct 21, 2021

Titomic Limited

ACN 602 793 644

Share Purchase Plan

Including the Terms and Conditions

Opening date: Monday, 25 October 2021

This is an important document and should be read in its entirety. The Share Purchase Plan does not take into account the individual investment objectives, financial situation or particular needs of any Eligible Shareholder. If you are in any doubt about the action you should take or the contents of this document, please seek independent financial advice from your broker, accountant or other professional adviser without delay. The contents of this document have not been reviewed by any regulatory authority. You are advised to exercise caution in relation to the Share Purchase Plan.

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

Privileged & Confidential Information

Chairman's Letter to Eli ible Shareholders g

Dear Shareholder

Opportunity to participate in Titomic’s Share Purchase Plan

On behalf of the board of directors ( Board ) of Titomic Limited ( Titomic or Company ), I am pleased to offer Eligible Shareholders (defined below) the opportunity to participate in the Company’s recently announced share purchase plan ( SPP or Share Purchase Plan ).

The Share Purchase Plan gives Eligible Shareholders the opportunity to subscribe for up to $30,000 worth of new fully paid ordinary shares in the Company ( New Shares ), without incurring any brokerage or transaction costs.

The SPP follows the Company’s recently completed and successful institutional placement under which the Company raised gross proceeds of approximately $9 million from a mixture of existing institutional Shareholders, directors, employees and new institutional investors ( Placement ).[ 1]

The SPP (which is not underwritten) is capped at $2 million.

Proceeds of the Placement and SPP will enable Titomic to accelerate the commercialisation of the Company through investment in joint venture operations, establishing offshore sales and operational facilities, and to fund working capital.

Issue Price

Eligible Shareholders may, subscribe for up to $30,000 worth of New Shares under the SPP at an issue price of $0.26 per New Share ( Issue Price ). The Issue Price represents a:

• 10% discount to the closing price on ASX of Shares on Tuesday, 12 October 2021 (ie of $0.29 per Share); and

• 15% discount to the VWAP of Shares calculated over the last 5 days preceding the date the SPP was first announced and in which trades in Shares were recorded on ASX (ie of $0.305).

The Issue Price for New Shares under the SPP is also the same price per New Share that institutional investors paid for their New Shares under the Placement.

Participation

Participation in the SPP is optional and is open to Eligible Shareholders, including Eligible Shareholders who are custodians on behalf of “ participating beneficiaries ”[2] on the terms and subject to the conditions of the SPP.

1 For further information in relation to the Placement, please see the Company’s ASX announcement dated Friday, 15 October 2021.

2 As that term is defined in ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547 ( ASIC Instrument ).

Privileged & Confidential Information

Titomic Limited | SPP | Offer Booklet

All New Shares issued under the SPP will rank equally with the Company’s existing Shares (including the New Shares the Company has now issued under the Placement) from the date of their issue (which is expected to be Friday, 22 October 2021) ( Issue Date ).

The right to participate in the SPP is not transferable.

How to apply

The SPP opens on Monday, 25 October 2021 and unless closed earlier or withdrawn by the Company, is expected to close at 5pm (Melbourne time) on Friday, 12 November 2021.

New Shares are expected to be issued on Thursday, 18 November 2021 and commence trading on ASX on a normal (“T+2”) settlement basis on Friday, 19 November 2021.

Applications for New Shares can only be made in $1,000 increments and must be for a minimum of $1,000 and a maximum of $30,000.

As the Company intends to accept valid applications under the SPP on a “first-come, firstserved” basis, Eligible Shareholders are encouraged to submit their application as early as possible.

To apply for New Shares, you must either:

• complete your personalised “ Application Form ” and send it to the Share Registry (details below) along with your payment by cheque[3] , bank draft or money order; or

• simply make your payment for New Shares via BPAY® in accordance with the instructions on your personalised Application Form[4] .

In deciding whether to participate in the SPP, please take time to read the enclosed Terms and Conditions and seek your own investment or taxation advice if applicable to you.

If you have any questions regarding the SPP, please contact the Company’s Company Secretary, Mr Richard Willson during business hours on +61 411 411 485 or the Share Registry on 1300 850 505 (within Australia) +61 3 9415 4000, in each case during business hours.

On behalf of the Board, I thank you for your continued support of the Company and invite you to consider participating in the SPP.

Yours sincerely,

==> picture [200 x 62] intentionally omitted <==

Dr Andreas Schwer Chairman

3 All cheques must be made payable to Titomic Limited, crossed “not-negotiable” and drawn in Australian dollars.

4 If you make your payment for New Shares via BPAY® you do not also need to submit your personalised Application Form.

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Privileged & Confidential Information

Titomic Limited | SPP | Offer Booklet

SPP Terms and Conditions

This SPP offer booklet ( Offer Booklet ) and the accompanying application form ( Application Form ) set out the terms and conditions of the SPP ( Terms and Conditions ). By accepting the offer to subscribe for New Shares under the SPP, you agree to be bound by these Terms and Conditions and to the Company’s constitution.

Key dates for the SPP :

Key dates for the SPP:
Record Date	5pm (Melbourne time), Thursday, 14 October 2021
Announcement Date	Friday, 15 October 2021
Mailing of Offer Booklet to Eligible Shareholders	Friday, 22 October 2021
Opening Date	9am (Melbourne time), Monday, 25 October 2021
Closing Date	5pm (Melbourne time), Friday, 12 November 2021
Results Announcement	Wednesday, 17 November 2021
Issue Date	Thursday, 18 November 2021
New Shares quoted on ASX	Friday, 19 November 2021
Mailing of updated holding	Monday, 22 November 2021
statements

Note : The above timetable is indicative only and subject to change. The commencement quotation of the New Shares issued under the SPP is conditional upon confirmation from ASX. Subject to the requirements of the Corporations Act 2001 (Cth) ( Corporations Act ), the ASX Listing Rules and other applicable rules, the Company reserves the right to amend this timetable at any time, including extending the period for the SPP or accepting late applications, either generally or in particular cases, without notice.

1. What is the SPP?

The SPP gives Eligible Shareholders the opportunity to subscribe for up to $30,000 worth of New Shares at the Issue Price without incurring brokerage or other transaction costs.

New Shares issued under the SPP will rank equally with all other fully paid ordinary shares in the equity capital of the Company on issue on the Issue Date. Quotation of any new Shares issued under the SPP is subject to ASX approval.

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Privileged & Confidential Information

Titomic Limited | SPP | Offer Booklet

2. How much will be raised under the SPP and how will the funds be used?

The Company is proposing to use the funds raised under the SPP, together with the funds raised under its recently completed Placement, to enable Titomic to accelerate the commercialisation of the Company through investment in joint venture operations, establishing offshore sales and operational facilities, and to fund working capital.

3. Am I eligible to participate in the SPP?

You will be considered an “ Eligible Shareholder ” (and therefore eligible to participate in the SPP) if you were a registered holder of Shares at 5pm (Melbourne time) on Thursday 14 October 2021 ( Record Date ) with a registered address either in Australia or New Zealand (provided that any such Shareholder is not acting for the account or benefit of a person in the United States). The Board has determined that it is not practical for holders of Shares with registered addresses outside of Australia or New Zealand to participate in the SPP.

Shareholders who hold Shares on behalf of persons who reside outside of Australia or New Zealand or who are “ US persons ” as defined in Regulation S under the United States Securities Act of 1933 (as amended) ( Securities Act ) or who act for the account or benefit of a US Person are not entitled to participate in the SPP. The New Shares to be issued under the SPP have not been and will not be registered under the Securities Act (or any other act). Accordingly, Shareholders who are located in the United States or who are acting for the account or benefit of US Persons, are not Eligible Shareholders and are therefore not entitled to participate in the SPP.

4. Do I have to participate?

No. Participation in the SPP is entirely optional. If you do not wish to participate in the SPP, do nothing.

5. How much can I invest and how many New Shares will be issued to me?

Under the SPP, you may apply for a parcel of New Shares in $1,000 increments from a minimum of $1,000 up to a maximum of $30,000. The $30,000 limit applies irrespective of the number of Shares you hold on the Record Date.

The number of New Shares that will be issued to each applicant will be calculated by dividing the dollar value provided by the Issue Price.

Fractions of New Shares will not be issued by the Company. Any fraction of a New Share will be rounded up to the nearest whole number of New Shares. Applications may be rejected by the Company as described in section 14.

6. Can I transfer my right to purchase New Shares?

No. The offer under the SPP is non-renounceable. This means that you cannot transfer your right to acquire New Shares under the SPP to anyone else.

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Privileged & Confidential Information

Titomic Limited | SPP | Offer Booklet

7. Will New Shares issued under the SPP rank equally with my existing Shares?

Yes. New Shares issued under the SPP will rank equally in all respects with existing Shares on issue on the Issue Date.

8. What is the Issue Price of the New Shares?

Eligible Shareholders are being offered the opportunity to subscribe for New Shares under the SPP at the Issue Price of $0.26 per New Share. The Issue Price represents a:

• 10% discount to the closing price on ASX of Shares on Tuesday, 12 October 2021 (ie of $0.29 per Share); and

• 15% discount to the VWAP of Shares calculated over the last 5 days preceding the date the SPP was first announced and in which trades in Shares were recorded on ASX (ie of $0.305).

An investment in New Shares is a speculative investment.

Investors under the SPP should note that the market price of Shares might rise or fall between the date of this SPP offer and the date the New Shares are issued to you (ie on the Issue Date). This means that the price you pay for a New Share may be greater or less than the market price of Shares at the time those New Shares are issued.

The current Share price can be obtained from ASX at www.asx.com.au.

Your application for New Shares, once made, is irrevocable and may not be withdrawn even if the market price of Titomic’s Shares falls below the Issue Price.

The offer to acquire New Shares under the SPP is not a recommendation.

Before you decide whether to participate in the SPP, Titomic recommends that you seek independent financial advice from your broker, accountant or other professional adviser without delay.

9. How do I apply for New Shares under the SPP?

To apply for New Shares under the SPP, an Eligible Shareholder must:

• complete their personalised Application Form and send it to Computershare ( Share Registry ) at GPO Box 505, Melbourne, Vic, 3001 along with payment (by cheque[5] , bank draft or money order) for the total number of New Shares that they wish to subscribe for, in each case, such that their application and payment is received by no later than 5pm (Melbourne time) on Friday, 12 November 2021 ( Closing Date ); or

5 If you are paying for New Shares by cheque, you should ensure that sufficient funds are held in the relevant account to cover your payment. If the amount of your cheque is insufficient to pay in full for the number of New Shares you have applied for on your personalised Application Form, you will be taken to have applied for such lower number of New Shares as your cleared funds will pay for (and taken to have specified that number of New Shares on your personalised Application Form). Alternatively, your application will not be accepted. All cheques must be made payable to Titomic Limited, crossed “not-negotiable” and drawn in Australian dollars.

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Privileged & Confidential Information

Titomic Limited | SPP | Offer Booklet

• make a BPAY® payment by using the reference number shown on their personalised Application Form. Payment must be received in cleared funds by 5pm (Melbourne time) on the Closing Date. If an Eligible Shareholder chooses to pay for New Shares by BPAY®, they do not need to submit their personalised Application Form.

Applications received after 5pm (Melbourne time) on the Closing Date will not be accepted.

Applications and any payments received under the SPP may not be withdrawn once they have been received. Application money will not bear interest in any circumstances.

By applying for New Shares under the SPP and regardless of whether you apply for New Shares by completing your personalised Application Form and providing it to the Share Registry (along with your application money) or by making your payment for New Shares by BPAY® (in which case, you do not also need to submit your personalised Application Form), you:

• (a) are deemed to have accepted the offer under the SPP and irrevocably and unconditionally agreed to the Terms and Conditions;

• (b) warrant that all details and statements in your completed personalised Application Form are true and complete and not misleading;

• (c) acknowledge that no interest will be paid on any application money held pending the issue of New Shares or subsequently refunded to you;

• (d) confirm that you are lawfully permitted to apply for New Shares and that you are not applying for New Shares on behalf of any person not so permitted;

• (e) acknowledge and agree that:

• (i) you are not in the United States and are not acting for the account or benefit of any US Person;

• (ii) the New Shares have not been, and will not be, registered under the Securities Act (or any other Act);

• (iii) you have not, and will not, send this SPP Offer Booklet or any materials relating to the SPP to any person who is not a resident of Australia or New Zealand;

• (iv) if in the future you decide to sell New Shares issued to you, you will only do so in the regular way for transactions on ASX where neither you nor the person acting on your behalf know, or have reason to know, that the sale has been pre-arranged with, or that the purchaser is, a US Person; and

• (v) if you are acting as a trustee, nominee or custodian, each beneficial holder on whose behalf you are participating for New Shares is a resident in Australia or New Zealand, and you have not sent this SPP Offer Booklet or any materials relating to the SPP to any person outside of Australia or New Zealand;

• (f) agree to be bound by the Company’s constitution (as in force from time to time);

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Privileged & Confidential Information

Titomic Limited | SPP | Offer Booklet

• (g) acknowledge that none of Titomic, its officers, employees, advisers or agents, has provided you with any financial product or investment advice or taxation advice in relation to the SPP, or has any obligation to provide such advice;

• (h) authorise Titomic and its officers and agents to do anything on your behalf necessary or desirable for New Shares to be issued to you in accordance with the Terms and Conditions;

• (i) without limiting clause 9(h), authorise Titomic and its officers and agents to correct minor or easily rectified errors in, or omissions from, your Application Form and to complete the Application Form by the insertion of any missing minor detail; and

• (j) acknowledge that Titomic may at any time determine that your application for New Shares is valid, in accordance with the Terms and Conditions, even if your Application Form is incomplete, contains errors or is otherwise defective.

10. What are the participation costs of the SPP?

No brokerage or other transaction costs are payable by participants in the SPP. These costs will be paid by Titomic.

11. When will I receive the New Shares?

Titomic intends to issue the New Shares under the SPP as soon as reasonably practicable after the Closing Date and will apply for quotation of these shares on ASX.

It is expected that New Shares will be issued under the SPP on Thursday, 18 November 2021 and will be quoted on ASX on a normal settlement basis on Friday, 19 November 2021.

You should receive your updated holding statement shortly after the Issue Date.

12. I have several holdings. Can I purchase a separate parcel of New Shares for each holding?

No. If you receive more than one offer to participate in the SPP (for example, because you hold your Shares in more than one account), the maximum you may still invest under the SPP in all capacities is $30,000. If you are a custodian however, see section 13 below.

If two or more persons are registered on the Company’s register as jointly holding Shares, they are taken to be a single registered holder of Shares for the purposes of determining whether they are an Eligible Shareholder.

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Privileged & Confidential Information

Titomic Limited | SPP | Offer Booklet

13. What do I do if I am a custodian?

If you are a custodian holding Shares as at the Record Date on behalf of one or more persons who reside in Australia or New Zealand (each, a participating beneficiary), you may apply for up to a maximum of $30,000 worth of New Shares for each participating beneficiary.

You must submit a Custodian Certificate that contains further certifications and details as required by the ASIC Instrument before your Application Form will be accepted. Applications by custodians that are not accompanied by a Custodian Certificate will be rejected.

By applying as a custodian on behalf of participating beneficiaries to purchase New Shares, you certify (amongst other things) that each participating beneficiary has not exceeded the $30,000 limit as required by the ASIC Instrument.

To request a Custodian Certificate or to obtain further information about the custodian application process, please contact the Share Registry during business hours on business days on 1800 095 862. .

Custodians must not participate in the SPP on behalf of, and must not distribute this SPP Offer Booklet or any documents relating to the SPP to, any US Person.

A custodian will be ineligible to participate in the SPP if their participation would be in breach of the ASIC Instrument.

For the purposes of the SPP, a custodian is a “ custodian ” as that term is defined in the ASIC Instrument.

Custodians should request a “ Custodian Certificate ” from the Share Registry when making an application on behalf of a participating beneficiary.

If you hold Shares as a trustee or nominee for another person, but are not a custodian, you cannot participate for beneficiaries in the manner described in this section 13.

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Privileged & Confidential Information

Titomic Limited | SPP | Offer Booklet

14. Scale back and the $2 million SPP “cap”

The SPP aims to raise gross proceeds of up to (and is capped at) $2 million.

To manage this $2 million “cap” and to comply with the terms of the ASIC Instrument, it may be necessary to scale back an Eligible Shareholder’s application, particularly if more than $2 million of New Shares are applied for under the SPP. At this stage, the Company intends to apply the scale back by giving priority to applications received on a “first-come, first-served” basis, however the final decision on how any scale back is conducted will be in the Board's sole discretion. This means that the Company may reject applications which are received after the Company has received valid applications from Eligible Shareholders which together amount to applications for a total of $2 million worth of New Shares. Accordingly, Eligible Shareholders are encouraged to submit their application under the SPP as soon as is possible.

Please note, Titomic reserves the right to scale back any application in any manner it sees fit and for any reason. If Titomic is required to scale back your application, you will receive less New Shares than you applied for. However, the excess application money which was not applied by the Company to purchase New Shares will be refunded to you either by direct credit (if the Company has your bank account details) or by cheque as soon as practicable after the Issue Date and without interest.

15. Changes and Termination

The Company may change or terminate the SPP or the Terms and Conditions at any time, whether because of a change of law, ASIC requirements, ASX requirements or policy or any other circumstance relevant to the SPP or the Company. If Titomic terminates the SPP, it will notify ASX and refund any application moneys received (without interest).

16. Refusal of applications and refunds

The Company reserves the right to reject any application for New Shares or issue a fewer number of New Shares subscribed for under the SPP by any applicant in the Company’s absolute discretion, including if:

• the Company has received applications from Eligible Shareholders which together amount to $2 million or more;

• the Company believes that the Terms and Conditions have not been complied with by a particular applicant;

• the applicant is not an Eligible Shareholder; or

• the application might otherwise breach applicable law or the ASX Listing Rules.

If the amount paid by an applicant by cheque, bank draft or money order is not equal in value to the number of New Shares applied (for at the Issue Price) in their personalised Application Form, the Company may, in its absolute discretion, either refund in full the application money (and not issue any New Shares to that applicant) or issue to that applicant the number of New Shares which may be issued based on the payment made, and refund any excess application money to that applicant.

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Privileged & Confidential Information

Titomic Limited | SPP | Offer Booklet

17. Discretion and Disputes

The Company reserves the right to waive strict compliance with the Terms and Conditions including incorrect completion of an Application Form. Any powers or discretions of the Company may be exercised by the directors of the Company or any delegate of them. The Company may determine, in any manner it thinks fit, any difficulties, anomalies or disputes which may arise in connection with or by reason of the operation of the SPP whether generally or in relation to any participant or application. A determination made by Titomic will be conclusive and binding on all participants and other persons to whom the determination relates.

18. Privacy

By applying for New Shares under the SPP, you acknowledge that you will be providing personal information to the Company and the Share Registry. The Company and the Share Registry may collect personal information to process your application for New Shares, implement the SPP and administer your Shareholding. The personal information held by the Share Registry is also used to facilitate payments and corporate communications (including financial results, annual reports and other information to be communicated to Shareholders) and to ensure compliance with legal and regulatory requirements, including Australian taxation laws and the Corporations Act.

Chapter 2C of the Corporations Act requires information about you as securityholder (including your name, address and details of the securities you hold) to be included in the Company’s public register (which is maintained by the Share Registry). This information must continue to be included in the public register even if you cease to be a securityholder.

Your personal information may be disclosed to joint investors, the Share Registry, to securities brokers, to third party service providers, including print and mail service providers, technology providers and professional advisers, to related entities of Titomic and its agents and contractors, and to ASX and other regulatory authorities, and in any case, where disclosure is required or allowed by law (which may include disclosures to the Australian Taxation Office and other government or regulatory bodies or where you have consented to the disclosure). In some cases, the types of organisations referred to above to whom your personal information may be disclosed may be located overseas.

A copy of the Company’s privacy policy is available by contacting the Company’s Company Secretary, Mr Richard Willson during business hours on +61 411 411 485.

19. Currency

Any reference to “$” is a reference to the lawful currency of Australia.

20. Risks

An investment in New Shares is subject to investment and other known and unknown risks, some of which are beyond the control of Titomic, including possible loss of income and capital invested. Titomic does not guarantee any particular rate of return or the performance of Titomic and nor does it guarantee the repayment of capital from Titomic or any particular tax treatment. This Offer Booklet should also be read in conjunction with Titomic’s continuous and periodic disclosures given to ASX which are available on ASX’s website at www.asx.com.au. Past performance should not be relied upon as (and is not) an indication of future performance.

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Privileged & Confidential Information

Titomic Limited | SPP | Offer Booklet

21. Not a prospectus or disclosure document

This Offer Booklet is not a prospectus or disclosure document under the Corporations Act and has not (and will not) be lodged with ASIC or any other regulatory authority.

A cooling-off regime does not apply in relation to the acquisition of New Shares. This means that you cannot withdraw your application once it has been submitted.

22. New Zealand

The New Shares are not being offered or sold to the public in New Zealand other than to registered holders of Shares as at 5pm (Melbourne time) on the Record Date. The SPP is being made in reliance on and pursuant to the Financial Markets Conduct Act 2013 (NZ) and the Financial Markets Conduct (Incidental Offers) Exemption Notice 2016 (NZ). This Offer Booklet has not been registered, filed with or approved by any New Zealand regulatory authority. This document is not a product disclosure statement under New Zealand law and is not required to, and does not, contain all the information that a product disclosure statement is required to contain under New Zealand law.

23. Governing Law

The SPP is governed by the laws in force in Victoria. By participating in the SPP, you submit to the non-exclusive jurisdiction of the courts of that jurisdiction.

24. Where can I obtain further information in relation to the SPP?

If you have any questions about the Terms and Conditions, how to make an application or in relation to the SPP more generally, please contact the Company’s Company Secretary, Mr Richard Willson on +61 411 411 485 or the Share Registry on 1300 850 505 (within Australia) +61 3 9415 4000, in each case during business hours.

None of the Company, the Share Registry or any of their respective officers, employees, agents or professional advisers are or are to be taken to be, giving any securities recommendation or investment advice in relation to the SPP and nor do any of them have any obligation to do so.

This is an important document and should be read in its entirety. The Share Purchase Plan does not take into account the individual investment objectives, financial situation or particular needs of any Eligible Shareholder. If you are in any doubt about the action you should take or the contents of this document, please seek independent financial advice from your broker, accountant or other professional adviser without delay. The contents of this document have not been reviewed by any regulatory authority. You are advised to exercise caution in relation to the Share Purchase Plan.

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Privileged & Confidential Information

==> picture [78 x 56] intentionally omitted <==

For all enquiries:

Phone:

==> picture [15 x 15] intentionally omitted <==

(within Australia) 1300 850 505 (outside Australia) +61 3 9415 4000 Web:

www.investorcentre.com/contact

TTT

MR SAM SAMPLE 123 SAMPLE STREET SAMPLETOWN VIC 3000

Make your payment:

See overleaf for details of the Offer and how to make your payment

Share Purchase Plan Application Form

 [Your payment must be received by 5.00pm (Melbourne time), Friday, 12 November 2021]

This is an important document that requires your immediate attention.

It can only be used in relation to the shareholding represented by the details printed overleaf. If you are in doubt about how to deal with this form, please contact your financial or other professional adviser.

By making payment you agree to be bound by the Constitution of Titomic LImited and that the submission of this payment constitutes an irrevocable offer by you to subscribe for Titomic LImited shares on the terms of the Share Purchase Plan (SPP).

In addition, by making payment you certify that:

Titomic LImited may make determinations in any manner it thinks fit, in relation to any difficulties which may arise in connection with the SPP whether generally or in relation to any participant or application.

Any determinations by Titomic LImited will be conclusive and binding on all Eligible Shareholders and other persons to whom the determination relates. Titomic LImited reserves the right to waive strict compliance with any provision of the terms and conditions of the SPP, to amend or vary those terms and conditions or to suspend or terminate the SPP at any time. Any such amendment, suspension or termination will be binding on all Eligible Shareholders even where Titomic LImited does not notify you of that event.

• You are not applying for New Shares with an application price of more than $30,000 under the Offer (including by instructing a Custodian to acquire New Shares on your behalf under the Offer); and

• The total of the application price does not exceed $30,000 in relation to:

• a) the New Shares that are the subject of this application; and

• b) any other Shares issued to you under the Offer or any similar arrangement in the 12 months before the application

• (excluding Shares applied for but not issued).

Step 1: Registration Name & Offer Details

Details of the shareholding and the Offer are shown overleaf.

Please check the details provided and update your address via www.investorcentre.com if any of the details are incorrect.

If you have a CHESS sponsored holding, please contact your Controlling Participant to notify a change of address.

Step 2: Make Your Payment

New shares may be purchased in increments of $1000 subject to purchase of the minimum value and not exceeding the maximum value. Note that the purchased value amount may be subject to scale back in accordance with the terms of the SPP.

Choose one of the payment methods shown below.

BPAY[®] : See overleaf. Do not return the payment slip with BPAY payment.

By Mail: Complete the reverse side of this payment slip and detach and return with your payment. Make your cheque, bank draft or money order payable in Australian dollars to " Titomic LImited " and cross " Not Negotiable ". The cheque must be drawn from an Australian bank. Cash is not accepted.

Payment will be processed on the day of receipt and as such, sufficient cleared funds must be held in your account as cheques received may not be re-presented and may result in your Application being rejected. Paperclip (do not staple) your cheque(s) to the payment slip. Receipts will not be forwarded. Funds cannot be debited directly from your account.

Entering your contact details is not compulsory, but will assist us if we need to contact you.

Titomic LImited Share Purchase Plan Application Form Payment must be received by 5.00pm (Melbourne time), Friday, 12 November 2021

Turn over for details of the Offer è

® Registered to BPAY Pty Limited ABN 69 079 137 518

916CR_0_Sample_CA/000001/000001/i

X 9999999991 I ND

Share Purchase Plan Application Form

Registration Name & Offer Details

MR SAM SAMPLE Registration Name: 123 SAMPLE STREET SAMPLETOWN VIC 3000

[For your security keep your SRN/] HIN confidential.

Entitlement No: 12345678

Offer Details:

Record date: 5.00pm (Melbourne time), Thursday, 14 October 2021 Minimum value $1,000 available to purchase: Maximum value $30,000 available to purchase:

Make Your Payment by 5.00pm (Melbourne time), Friday, 12 November 2021

To avoid postal delay make your payment via BPAY either online or by phone with your bank using the payment details below.

BPAY Biller Code: 360446  Ref No: 1234 5678 9123 4567 89

Cheque, bank draft or money order

Make your cheque, bank draft or money order payable to " Titomic LImited " and cross " Not Negotiable ". Return your payment with the below payment slip to: Computershare Investor Services Pty Limited GPO BOX 505 Melbourne Victoria 3001 Australia

Contact your financial institution to make your payment from your cheque or savings account.

BPAY

Neither Computershare Investor Services Pty Limited (CIS) nor Titomic LImited accepts any responsibility for loss incurred through incorrectly completed BPAY payments. It is the responsibility of the applicant to ensure that funds submitted through BPAY are received by this time. Eligible Shareholders should use the customer reference number shown on this Application Form when making a BPAY payment.

MAIL

Neither CIS nor Titomic LImited accepts any responsibility if you lodge the payment slip below at any other address or by any other means.

Privacy Notice

The personal information you provide on this form is collected by CIS, as registrar for the securities issuer (the issuer ), for the purpose of maintaining registers of securityholders, facilitating distribution payments and other corporate actions and communications. In addition, the issuer may authorise us on their behalf to send you marketing material or include such material in a corporate communication. You may elect not to receive marketing material by contacting CIS using the details provided above or emailing privacy@computershare.com.au. We may be required to collect your personal information under the Corporations Act 2001 (Cth) and ASX Settlement Operating Rules. We may disclose your personal information to our related bodies corporate and to other individuals or companies who assist us in supplying our services or who perform functions on our behalf, to the issuer for whom we maintain securities registers or to third parties upon direction by the issuer where related to the issuer’s administration of your securityholding, or as otherwise required or authorised by law. Some of these recipients may be located outside Australia, including in the following countries: Canada, India, New Zealand, the Philippines, the United Kingdom and the United States of America. For further details, including how to access and correct your personal information, and information on our privacy complaints handling procedure, please contact our Privacy Officer at privacy@computershare.com.au or see our Privacy Policy at www.computershare.com/au/privacy-policies.

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Purchase Details for Titomic LImited

Amount between $1,000 and $30,000 in $1000 increments

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A$ .
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You may apply for securities in $1000 increments from a minimum of $1,000 up to a maximum of $30,000.

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Entitlement No: 12345678 MR SAM SAMPLE 123 SAMPLE STREET SAMPLETOWN VIC 3000

BPAY is the most efficient and secure form of payment. Your BPAY payment details are shown above.

Contact & Cheque Details

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Contact Daytime
Name Telephone
Drawer Cheque Number BSB Number Account Number Amount of Cheque
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