USCOM LIMITED — Share Issue/Capital Change 2022

Jul 4, 2022

Application for quotation of +securities

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Announcement Summary

Entity name USCOM LIMITED

Announcement Type

New announcement

Date of this announcement

Tuesday July 05, 2022

The +securities to be quoted are:

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Other

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
UCM	ORDINARY FULLY PAID	1,867,551	05/07/2022

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

USCOM 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

35091028090

1.3 ASX issuer code

UCM

1.4 The announcement is

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New announcement

1.5 Date of this announcement

5/7/2022

Application for quotation of +securities

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Application for quotation of +securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

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Other

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")

2.3c Have these +securities been offered under a +disclosure document or +PDS? No

2.3d Please provide any further information needed to understand the circumstances in which you are applying to have these +securities quoted on ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

1. 1,636,782 shares issued on conversion of Share Rights granted at 2021 AGM.

2. 230,769 shares issued to China and Australia executives as remuneration in lieu of cash.

2.4 Any on-sale of the +securities to be quoted within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f)

Application for quotation of +securities

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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 Additional +securities to be quoted in an existing class ASX +security code and description UCM : ORDINARY FULLY PAID Issue date 5/7/2022 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 1,636,782 Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities Issued to Executive Chairman at nil consideration as performance incentive Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 0.065000 Any other information the entity wishes to provide about the +securities to be quoted The purpose(s) for which the entity is issuing the securities To pay for services rendered Please provide additional details Shares issued on conversion of Share Rights granted at 2021 AGM. Additional +securities to be quoted in an existing class

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Application for quotation of +securities

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ASX +security code and description UCM : ORDINARY FULLY PAID

Issue date 5/7/2022

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 230,769

Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities Services rendered by executives

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

0.065000

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

The purpose(s) for which the entity is issuing the securities

To pay for services rendered

Please provide additional details

Issued to China and Australian executives as remuneration in lieu of cash.

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Application for quotation of +securities

Part 4 - Issued capital following quotation

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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
UCM : ORDINARY FULLY PAID	198,635,884
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
UCMAP : SHARE RIGHTS	1,636,782
UCMAO : PERFORMANCE RIGHTS	400,000

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

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Application for quotation of +securities

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Part 5 - Other Listing Rule requirements

5.1 Are the +securities being issued under an exception in Listing Rule 7.2 and therefore the issue does 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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Application for quotation of +securities

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