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USCOM LIMITED Regulatory Filings 2019

Feb 24, 2019

65979_rns_2019-02-24_0e7e28ba-cf2e-4cb4-835b-34a92bb4cf25.pdf

Regulatory Filings

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ASX MEDIA RELEASE

Clarification related to Unissued Indeterminate Rights

SYDNEY, Australia, Monday 25 February 2019: Uscom Limited (ASX code: UCM) (the Company or Uscom ) advise that:

the previous disclosure of Appendix 3B dated 14 January 2019 included that 1,190,476 performance rights had been issued to Rob Phillips in November 2018 was incorrect;
the issue of 1,190,476 performance rights to Rob Phillips was approved by the Board in November 2018, but the issue of the rights was subject to the Company making a formal offer of rights to Rob Phillips, and Rob Phillips accepting that offer, and this has not yet occurred.
It is noted for completeness that the performance rights to be offered to Rob Phillips are indeterminate rights, which can be settled by unissued ordinary shares in the Company, or alternatively cash, at the Company's option.

For more information, please visit: www.uscom.com.au

Uscom Contacts

Rob Phillips Executive Chairman [email protected]

Brett Crowley Company Secretary [email protected]

Uscom Limited (ABN 35 091 028 090) Suite 2, Level 8, 66 Clarence Street, Sydney NSW 2000 Australia T: +612 9247 4144 E: [email protected] W: www.uscom.com.au