TYRO PAYMENTS LIMITED — Capital/Financing Update 2022

Oct 13, 2022

Application for quotation of +securities

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Announcement Summary

Entity name

TYRO PAYMENTS LIMITED

Announcement Type

New announcement

Date of this announcement

Friday October 14, 2022

The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
TYR	ORDINARY FULLY PAID	29,648	09/08/2022
TYR	ORDINARY FULLY PAID	147,348	09/09/2022
TYR	ORDINARY FULLY PAID	381,626	27/09/2022

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

TYRO PAYMENTS 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

ABN

Registration number 49103575042

1.3 ASX issuer code

TYR

1.4 The announcement is

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New announcement

1.5 Date of this announcement

14/10/2022

Application for quotation of +securities

2 / 19

Application for quotation of +securities

Part 2 - Type of Issue

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2.1 The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

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")

Application for quotation of +securities

3 / 19

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

Existing +securities converting into additional +securities in an existing class

FROM (Existing Class)
ASX +security code and description
TYRAA : PERFORMANCE RIGHTS
TO (Existing Class)
ASX +security code and description
TYR : ORDINARY FULLY PAID
Please state the number of options	The first date the options were	The last date the options were
that were exercised or other	exercised or other +convertible	exercised or other +convertible
+convertible securities that were	securities were converted	securities were converted
converted	27/7/2022	5/8/2022
15,362

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by: An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? Yes

Are any of the options being exercised or other +convertible securities being converted held by +key management personnel (KMP) or an +associate? No

Issue date

9/8/2022

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

Application for quotation of +securities

4 / 19

Application for quotation of +securities

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Issue details

Number of +securities to be quoted

15,362

Are the +securities being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

The consideration provided and a condition of vesting is continued employment with Tyro.

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

1.090000

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

N/A

Existing +securities converting into additional +securities in an existing class

FROM (Existing Class) ASX +security code and description

TYRAG : OPTION EXPIRING 30-DEC-2024 EX NIL

TO (Existing Class)

ASX +security code and description

TYR : ORDINARY FULLY PAID

Please state the number of options that were exercised or other +convertible securities that were converted 14,286

The first date the options were The last date the options were exercised or other +convertible exercised or other +convertible securities were converted securities were converted 3/8/2022

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by:

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An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? Yes

Application for quotation of +securities

5 / 19

Application for quotation of +securities

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Are any of the options being exercised or other +convertible securities being converted held by +key management personnel (KMP) or an +associate? No

Issue date 9/8/2022 Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Issue details Number of +securities to be quoted 14,286 Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities The consideration provided and a condition of vesting is continued employment with Tyro. Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 1.090000 Any other information the entity wishes to provide about the +securities to be quoted 14,286 shares issued are subject to a trading restriction to 31 December 2023 under the terms of the December 2018 Option Plan. Existing +securities converting into additional +securities in an existing class FROM (Existing Class) ASX +security code and description TYRAA : PERFORMANCE RIGHTS

TO (Existing Class)

Application for quotation of +securities

6 / 19

Application for quotation of +securities

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ASX +security code and description TYR : ORDINARY FULLY PAID Please state the number of options The first date the options were The last date the options were that were exercised or other exercised or other +convertible exercised or other +convertible +convertible securities that were securities were converted securities were converted converted 8/8/2022 7/9/2022 67,650

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by: An issue of new +securities

The underlying securities being received by the holder are:

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Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? Yes

Are any of the options being exercised or other +convertible securities being converted held by +key management personnel (KMP) or an +associate?

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No

Issue date

9/9/2022

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

Application for quotation of +securities

7 / 19

Application for quotation of +securities

Issue details

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Number of +securities to be quoted

67,650

Are the +securities being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

The consideration provided and a condition of vesting is continued employment with Tyro.

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

1.375000

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

Existing +securities converting into additional +securities in an existing class

FROM (Existing Class) ASX +security code and description

TYRAB : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

TO (Existing Class) ASX +security code and description

TYR : ORDINARY FULLY PAID

Please state the number of options that were exercised or other +convertible securities that were converted 46,276

The first date the options were The last date the options were exercised or other +convertible exercised or other +convertible securities were converted securities were converted 21/8/2022 25/8/2022

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by:

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An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? Yes

Are any of the options being exercised or other +convertible securities being converted held by +key management

Application for quotation of +securities

8 / 19

Application for quotation of +securities

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personnel (KMP) or an +associate? No

Issue date

9/9/2022 Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

Issue details

Number of +securities to be quoted

46,276

Are the +securities being issued for a cash consideration? Yes In what currency is the cash consideration being paid? What is the issue price per +security? AUD - Australian Dollar AUD 0.60000000 Any other information the entity wishes to provide about the +securities to be quoted N/A

Existing +securities converting into additional +securities in an existing class

FROM (Existing Class) ASX +security code and description TYRAG : OPTION EXPIRING 30-DEC-2024 EX NIL

TO (Existing Class) ASX +security code and description TYR : ORDINARY FULLY PAID

Please state the number of options The first date the options were The last date the options were that were exercised or other exercised or other +convertible exercised or other +convertible

Application for quotation of +securities

9 / 19

Application for quotation of +securities

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+convertible securities that were	securities were converted	securities were converted
converted	9/8/2022	25/8/2022
10,286

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by: An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? Yes

Are any of the options being exercised or other +convertible securities being converted held by +key management personnel (KMP) or an +associate? No

Issue date

9/9/2022

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class?

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Yes

Application for quotation of +securities

10 / 19

Application for quotation of +securities

Issue details

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Number of +securities to be quoted 10,286 Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities The consideration provided and a condition of vesting is continued employment with Tyro. Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 1.375000

Any other information the entity wishes to provide about the +securities to be quoted 10,286 shares issued are subject to a trading restriction to 31 December 2023 under the terms of the December 2018 Option Plan.

Existing +securities converting into additional +securities in an existing class

FROM (Existing Class) ASX +security code and description TYRAC : OPTION EXPIRING 31-AUG-2025 EX NIL

TO (Existing Class) ASX +security code and description TYR : ORDINARY FULLY PAID Please state the number of options The first date the options were The last date the options were that were exercised or other exercised or other +convertible exercised or other +convertible +convertible securities that were securities were converted securities were converted converted 16/8/2022 7/9/2022 23,136

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by: An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? Yes

Application for quotation of +securities

11 / 19

Application for quotation of +securities

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Are any of the options being exercised or other +convertible securities being converted held by +key management personnel (KMP) or an +associate? No

Issue date

9/9/2022

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Issue details Number of +securities to be quoted 23,136 Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities The consideration provided and a condition of vesting is continued employment with Tyro.

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 1.375000 Any other information the entity wishes to provide about the +securities to be quoted

2,388 shares issued are subject to a trading restriction to 1 September 2023 and a further 18,360 shares issued are subject to a trading restriction to 1 September 2024 under the terms of the September 2019 Option Plan.

Existing +securities converting into additional +securities in an existing class

FROM (Existing Class) ASX +security code and description

TYRAA : PERFORMANCE RIGHTS

TO (Existing Class)

Application for quotation of +securities

12 / 19

Application for quotation of +securities

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ASX +security code and description TYR : ORDINARY FULLY PAID Please state the number of options The first date the options were The last date the options were that were exercised or other exercised or other +convertible exercised or other +convertible +convertible securities that were securities were converted securities were converted converted 8/9/2022 23/9/2022 56,575

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by: An issue of new +securities

The underlying securities being received by the holder are:

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Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? Yes

Are any of the options being exercised or other +convertible securities being converted held by +key management personnel (KMP) or an +associate?

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No

Issue date

27/9/2022

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class?

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Yes

Application for quotation of +securities

13 / 19

Application for quotation of +securities

Issue details

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Number of +securities to be quoted

56,575

Are the +securities being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

The consideration provided and a condition of vesting is continued employment with Tyro.

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

1.285000

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

N/A

Existing +securities converting into additional +securities in an existing class

FROM (Existing Class) ASX +security code and description

TYRAB : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

TO (Existing Class) ASX +security code and description

TYR : ORDINARY FULLY PAID

Please state the number of options that were exercised or other +convertible securities that were converted 287,932

The first date the options were The last date the options were exercised or other +convertible exercised or other +convertible securities were converted securities were converted 8/9/2022 21/9/2022

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by:

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An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? Yes

Are any of the options being exercised or other +convertible securities being converted held by +key management

Application for quotation of +securities

14 / 19

Application for quotation of +securities

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personnel (KMP) or an +associate? No

Issue date

27/9/2022 Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Issue details

Number of +securities to be quoted 287,932 Are the +securities being issued for a cash consideration? Yes In what currency is the cash consideration being paid? What is the issue price per +security? AUD - Australian Dollar AUD 0.60000000 Any other information the entity wishes to provide about the +securities to be quoted N/A

Existing +securities converting into additional +securities in an existing class

FROM (Existing Class) ASX +security code and description TYRAG : OPTION EXPIRING 30-DEC-2024 EX NIL

TO (Existing Class) ASX +security code and description TYR : ORDINARY FULLY PAID

Please state the number of options The first date the options were The last date the options were that were exercised or other exercised or other +convertible exercised or other +convertible

Application for quotation of +securities

15 / 19

Application for quotation of +securities

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+convertible securities that were	securities were converted	securities were converted
converted	8/9/2022	21/9/2022
10,381

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by: An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? Yes

Are any of the options being exercised or other +convertible securities being converted held by +key management personnel (KMP) or an +associate? No

Issue date

27/9/2022

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class?

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Yes

Application for quotation of +securities

16 / 19

Application for quotation of +securities

Issue details

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Number of +securities to be quoted

10,381

Are the +securities being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

The consideration provided and a condition of vesting is continued employment with Tyro.

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 1.285000

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

1,143 shares issued are subject to a trading restriction to 31 December 2022 and a further 6,953 shares issued are subject to a trading restriction to 31 December 2023 under the terms of the December 2018 Option Plan.

Existing +securities converting into additional +securities in an existing class

FROM (Existing Class) ASX +security code and description TYRAC : OPTION EXPIRING 31-AUG-2025 EX NIL

TO (Existing Class) ASX +security code and description

TYR : ORDINARY FULLY PAID

Please state the number of options The first date the options were The last date the options were that were exercised or other exercised or other +convertible exercised or other +convertible +convertible securities that were securities were converted securities were converted converted 8/9/2022 23/9/2022 26,738

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by:

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An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? Yes

Application for quotation of +securities

17 / 19

Application for quotation of +securities

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Are any of the options being exercised or other +convertible securities being converted held by +key management personnel (KMP) or an +associate? No

Issue date 27/9/2022

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

Issue details Number of +securities to be quoted 26,738 Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities The consideration provided and a condition of vesting is continued employment with Tyro.

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 1.285000

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

2,687 shares issued are subject to a trading restriction to 1 September 2023 and a further 22,558 shares issued are subject to a trading restriction to 1 September 2024 under the terms of the September 2019 Option Plan.

Application for quotation of +securities

18 / 19

Application for quotation of +securities

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Part 4 - Issued capital following quotation

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
TYR : ORDINARY FULLY PAID	518,489,423

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
TYRAG : OPTION EXPIRING 30-DEC-2024 EX NIL	1,119,377
TYRAA : PERFORMANCE RIGHTS	8,839,612
TYRAB : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	9,091,363
TYRAC : OPTION EXPIRING 31-AUG-2025 EX NIL	650,962
TYRAD : OPTION EXPIRING 30-APR-2026 EX $1.50	4,895,120
TYRAE : OPTION EXPIRING 30-SEP-2026 EX $1.79	5,584,832

Application for quotation of +securities

19 / 19