WAM ACTIVE LIMITED — Share Issue/Capital Change 2021

Feb 23, 2021

Proposed issue of securities

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Announcement Summary

Entity name

WAM ACTIVE LIMITED

Announcement Type

New announcement

Date of this announcement

Wednesday February 24, 2021

The Proposed issue is: A bonus issue

Total number of +securities proposed to be issued for a bonus issue

Maximum Number of ASX +security code +Security description +securities to be issued n/a Bonus options 72,549,447

Ex date

Wednesday March 24, 2021

+Record date

Thursday March 25, 2021

+Issue date

Friday March 26, 2021

Refer to next page for full details of the announcement

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Proposed issue of securities

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Part 1 - Entity and announcement details

1.1 Name of +Entity

WAM ACTIVE LIMITED

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

1.2 Registered Number Type

ABN

Registration Number

49126420719

1.3 ASX issuer code

WAA

1.4 The announcement is

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New announcement

1.5 Date of this announcement

Wednesday February 24, 2021

1.6 The Proposed issue is:

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A +bonus issue

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Part 2 - Details of proposed bonus issue

Part 2A - Conditions

2A.1 - Are any of the following approvals required for the +bonus issue to be unconditional? +Security holder approval Court approval Lodgement of court order with +ASIC ACCC approval FIRB approval Another approval/condition external to the entity No

Part 2B - Issue details

Class or classes of +securities that will participate in the proposed issue and class or classes of +securities proposed to be issued

ASX +security code and description

WAA : ORDINARY FULLY PAID

Is the proposed security a 'New Will the proposed issue of this If the entity has quoted company class' (+securities in a class that is +security include an offer of options, do the terms entitle option not yet quoted or recorded by ASX) attaching +securities? holders to participate on exercise? or an 'Existing class' (additional No No securities in a class that is already quoted or recorded by ASX)? New class

Details of +securities proposed to be issued

ISIN Code (if Issuer is a foreign company and +securities are non CDIs)

Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1? Will the entity be seeking quotation of the 'new' class of +securities on ASX? ASX +security code New class-code to be confirmed +Security description Bonus options Yes Yes	Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1? Will the entity be seeking quotation of the 'new' class of +securities on ASX? ASX +security code New class-code to be confirmed +Security description Bonus options Yes Yes
New class-code to be confirmed	Bonus options

+Security type

Options

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Issue ratio (ratio to existing holdings at which the proposed +securities will be issued) The quantity of additional +securities For a given quantity of +securities to be issued held 1 1 What will be done with fractional Maximum number of +securities entitlements? proposed to be issued (subject to rounding) Not applicable 72,549,447

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

Options details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 1.1000 Monday October 31, 2022

Details of the type of +security that will be issued if the option is exercised WAA : ORDINARY FULLY PAID Number of securities that will be issued if the option is exercised

For each option exercised, one fully paid ordinary share is issued, the maximum shares proposed to be issued is 72,549,447 shares, based on shares on issue and max. shares issued via SPP and Placement

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement.

Offer document dated 24 February 2021 is provided in today's separate ASX announcement.

Part 2C - Timetable

2C.1 +Record date

Thursday March 25, 2021

2C.3 Ex date

Wednesday March 24, 2021

2C.4 Record date

Thursday March 25, 2021

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2C.5 +Issue date

Friday March 26, 2021

2C.6 Date trading starts on a normal T+2 basis Monday March 29, 2021

2C.7 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis Wednesday March 31, 2021

Part 2D - Further Information

2D.1 Will holdings on different registers or subregisters be aggregated for the purposes of determining entitlements to the +bonus issue? No

2D.2 Countries in which the entity has +security holders who will not be eligible to participate in the proposed +bonus issue

For shareholders to be eligible, they must have a registered address in Australia or New Zealand.

2D.3 Will the entity be changing its dividend/distribution policy as a result of the proposed +bonus issue No

2D.4 Details of any material fees or costs to be incurred by the entity in connection with the proposed +bonus issue N/A

2D.5 Any other information the entity wishes to provide about the proposed +bonus issue

No

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