TIVAN LIMITED — Capital/Financing Update 2021

Dec 20, 2021

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

TNG LIMITED

Date of this announcement

Tuesday December 21, 2021

The +securities the subject of this notification are: Other

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Unquoted options exercisable at $0.18 expiring on	17,354,824	21/12/2021
to be confirmed	20 Dec 2024

Refer to next page for full details of the announcement

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

TNG LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ABN

Registration number

12000817023

1.3 ASX issuer code

TNG

1.4 The announcement is

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New announcement

1.5 Date of this announcement

21/12/2021

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

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Other

Please specify

Issue of unquoted options to corporate advisor

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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does not have an existing ASX security code ("new class")

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Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

New +securities ASX +security code +Security description New class - code to be confirmed Unquoted options exercisable at $0.18 expiring on 20 Dec 2024 +Security type ISIN code Options Date the +securities the subject of this notification were issued 21/12/2021 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.18000000 20/12/2024 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description ASX: TNG Any other information the entity wishes to provide about the +securities the subject of this notification

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

Options were issued and approved on the same day

Issue details

Number of +securities

17,354,824

Were the +securities issued for a cash consideration?

No Please describe the consideration being provided for the +securities Nil

Purpose of the issue

To pay for services rendered

Additional Details

Options issued to Canaccord Genuity as payment for corporate advisory services

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities 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)

	Total number of
ASX +security code and description	+securities on issue
TNG : ORDINARY FULLY PAID	1,388,418,222
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
TNGAT : OPTION EXPIRING 26-FEB-2024 EX $0.30	5,000,000
TNGAQ : OPTION EXPIRING 26-FEB-2024 EX $0.15	2,500,000
TNGAR : OPTION EXPIRING 26-FEB-2024 EX $0.20	2,500,000
TNGAS : OPTION EXPIRING 26-FEB-2024 EX $0.25	5,000,000
TNGAB : PERFORMANCE RIGHTS	32,500,000
TNGAC : NED RIGHTS	4,200,000
New class - code to be confirmed : Unquoted options exercisable at $0.18 expiring on 20	17,354,824
Dec 2024

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

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes

5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

17,354,824

5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? N/A

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