VECTION TECHNOLOGIES LTD — Share Issue/Capital Change 2022

Jan 23, 2022

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

Announcement Summary

Entity name

VECTION TECHNOLOGIES LTD

Announcement Type

New announcement

Date of this announcement

Monday January 24, 2022

The +securities to be quoted are:

+Securities issued under an +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
VR1	ORDINARY FULLY PAID	6,500,000	24/01/2022

Refer to next page for full details of the announcement

Application for quotation of +securities

1 / 7

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

Part 1 - Entity and announcement details

1.1 Name of entity

VECTION TECHNOLOGIES LTD

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 93614814041

1.3 ASX issuer code

VR1

1.4 The announcement is

==> picture [8 x 8] intentionally omitted <==

New announcement

1.5 Date of this announcement

24/1/2022

Application for quotation of +securities

2 / 7

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities issued under an +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer

2.2 The +securities to be quoted are:

==> picture [8 x 8] intentionally omitted <==

Additional +securities in a class that is already quoted on ASX ("existing class")

Application for quotation of +securities

3 / 7

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

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 issued under an +employee incentive scheme

FROM (Existing Class) ASX +security code and description VR1AA : PERFORMANCE RIGHTS

TO (Existing Class) ASX +security code and description VR1 : ORDINARY FULLY PAID

Please state the number of +securities issued under the +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer 6,500,000

Please provide details of a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02448480-6A1061364?access_token=8 3ff96335c2d45a094df02a206a39ff4

Are any of these +securities being issued to +key management personnel (KMP) or an +associate Yes

Provide details of the KMP or +associates being issued +securities

Name of KMP	Name of registered holder	Number of +securities
Mr Gianmarco Biagi (& Mr Lorenzo Biagi)	Settepuntonove Srl	2,000,000
Mr Gianmarco Orgnoni	Torg Advisors	1,500,000
Mr Bert Mondello	Indomain Enterprises Pty Ltd	1,000,000

Issue date

24/1/2022

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

Application for quotation of +securities

4 / 7

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

+securities in that class? Yes

Issue details

Number of +securities to be quoted

6,500,000

Are the +securities being issued for a cash consideration?

==> picture [9 x 9] intentionally omitted <==

No

Please describe the consideration being provided for the +securities

Shares acquired by Directors and staff for nil cash consideration upon vesting of Rights issued under the Company's Rights Plan, as a result of performance conditions being satisfied.

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

0.135000

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

Acquisition of Shares upon vesting of Rights: 4.5M to Directors and 2M to staff.

Application for quotation of +securities

5 / 7

Application for quotation of +securities

Part 4 - Issued capital following quotation

==> picture [21 x 22] intentionally omitted <==

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
VR1	: ORDINARY FULLY PAID	1,109,924,294

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
VR1AB : OPTION EXPIRING 09-OCT-2023 EX $0.112	26,506,452
VR1AA : PERFORMANCE RIGHTS	135,893,417
VR1AN : OPTION EXPIRING 03-DEC-2024 EX $0.25	32,500,000

Application for quotation of +securities

6 / 7

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

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

13

Application for quotation of +securities

7 / 7