USCOM LIMITED — Capital/Financing Update 2021

Oct 13, 2021

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

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Announcement Summary

Entity name

USCOM LIMITED

Date of this announcement

Thursday October 14, 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	Share rights	1,636,782	14/10/2021
to be confirmed

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

USCOM 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

35091028090

1.3 ASX issuer code

UCM

1.4 The announcement is

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New announcement

1.5 Date of this announcement

14/10/2021

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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

The issue of Share Rights on the terms and conditions set out in the NOM for the 2021 AGM.

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 Share rights +Security type ISIN code Other Date the +securities the subject of this notification were issued 14/10/2021 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://www.asx.com.au/asxpdf/20210913/pdf/450fl45lj3ytxx.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

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

The issue of the 1,636,782 Share Rights was approved at the 2021 AGM. The primary purpose of the issue of Share Rights is to both reward performance and provide an incentive as Executive Chairman and Chief Executive Officer of the Company.

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Issue details

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Number of +securities

1,636,782

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

No cash consideration, the rights are part of the remuneration of the Executive Chairman.

Purpose of the issue

Other

Additional Details

As part of the remuneration of the Executive Chairman.

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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
UCM : ORDINARY FULLY PAID	156,590,391
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
UCMAO : PERFORMANCE RIGHTS	200,000
New class - code to be confirmed : Share rights	1,636,782

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? Yes

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

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