VYSARN LIMITED — Share Issue/Capital Change 2022

Dec 14, 2022

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

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Announcement Summary

Entity name

VYSARN LIMITED

Date of this announcement

Thursday December 15, 2022

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	UNL CLASS A OPT @ $0.075 EXP 5/07/24	10,000,000	14/12/2022
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

VYSARN 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

ACN

Registration number

124212175

1.3 ASX issuer code

VYS

1.4 The announcement is

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New announcement

1.5 Date of this announcement

15/12/2022

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

Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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Other

Please specify

Director Incentive Options as approved at the Company's AGM on 24 November 2022

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 UNL CLASS A OPT @ $0.075 EXP 5/07/24 +Security type ISIN code Options Date the +securities the subject of this notification were issued 14/12/2022

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? Yes

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

Please refer to ASX announcement platform for Notice of Annual General Meeting released on 3 October 2022. https://www.aspecthuntley.com.au/asxdata/20221025/pdf/02587634.pdf

The proposed issue was approved at the Company's shareholders meeting held on 24 November 2022.

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.07500000 5/7/2024

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other

Description

One fully paid ordinary share (ASX:VYS)

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

Please refer to ASX announcement platform for Notice of Annual General Meeting released on 3 October 2022. https://ww w.aspecthuntley.com.au/asxdata/20221025/pdf/02587634.pdf

Please provide any further information needed to understand the circumstances in which you are notifying the

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

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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

Please refer to ASX announcement platform for Notice of Annual General Meeting released on 3 October 2022. https://ww w.aspecthuntley.com.au/asxdata/20221025/pdf/02587634.pdf

The proposed issue was approved at the Company's shareholders meeting held on 24 November 2022.

Issue details

Number of +securities 10,000,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Issued to director Mr James Clement as approved at the Company's shareholder meeting of 24 November 2022.

Purpose of the issue Other

Additional Details

Director Incentive Options as approved at the Company's AGM held on 24 November 2022.

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

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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
VYS : ORDINARY FULLY PAID	395,289,196

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
VYSAAB : OPTION EXPIRING VARIOUS DATES EX $0.054	10,000,000
VYSAE : PERFORMANCE RIGHTS	6,666,668
VYSAD : OPTION EXPIRING 03-FEB-2023 EX 7.5C	10,000,000
New class - code to be confirmed : UNL CLASS A OPT @ $0.075 EXP 5/07/24	10,000,000

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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? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

24/11/2022

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