USCOM LIMITED — Capital/Financing Update 2023

Oct 25, 2023

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 26, 2023

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 Chairman Performance Rights 4,756,891 26/10/2023 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

26/10/2023

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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

Performance rights issued to Executive Chairman

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 New class - code to be confirmed	+Security description Chairman Performance Rights
+Security type	ISIN code
Other
Date the +securities the subject of this notification were issued
26/10/2023
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://announcements.asx.com.au/asxpdf/20230925/pdf/05v81fw7fc2cnx.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification Issue approved at 2023 AGM

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 Issue of rights was approved at 2023 AGM

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Issue details

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Number of +securities

4,756,891

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities Part of remuneration package Purpose of the issue To pay for services rendered

Additional Details

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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	190,533,556
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	400,000
New class - code to be confirmed : Chairman Performance Rights	4,756,891

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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