WAY 2 VAT LTD. — Capital/Financing Update 2024

Apr 23, 2024

Appendix 2A - Application for quotation of securities

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

Announcement Summary

Entity name

WAY 2 VAT LTD.

Announcement Type

New announcement

Date of this announcement

Wednesday April 24, 2024

The +securities to be quoted are: Other

Please refer to the response to Q2.3d for further information about the type of securities to be quoted and the circumstances of the issue.

Appendix 3B was lodged with the ASX on 10 April 2024.

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
New class - code	Listed Options Exercisable at $0.033 expiring on	147,978,866	24/04/2024
to be confirmed	28 February 2026.

Refer to next page for full details of the announcement

Appendix 2A - Application for quotation of securities

1 / 9

Appendix 2A - Application for quotation of securities

Part 1 - Entity and announcement details

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

1.1 Name of entity

WAY 2 VAT 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

ARBN

Registration number

637709114

1.3 ASX issuer code

W2V

1.4 The announcement is

New announcement

1.5 Date of this announcement

24/4/2024

Appendix 2A - Application for quotation of securities

2 / 9

Appendix 2A - Application for quotation of securities

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

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

Other

Please refer to the response to Q2.3d for further information about the type of securities to be quoted and the circumstances of the issue.

2.2 The +class of +securities to be quoted is:

New +securities in a class that is not yet quoted on ASX ("new class")

2.3c Have these +securities been offered under a +disclosure document or +PDS?

Yes

2.3c.1 Date of +disclosure document or +PDS?

20/3/2024

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

Appendix 3B was lodged with the ASX on 10 April 2024.

Appendix 2A - Application for quotation of securities

3 / 9

Appendix 2A - Application for quotation of securities

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

Part 3C - number and type of +securities to be quoted (new class) where issue has not previously been notified to ASX in an Appendix

3B

==> picture [538 x 66] intentionally omitted <==

----- Start of picture text -----

New +securities
ASX +security code +Security description
New class - code to be confirmed Listed Options Exercisable at $0.033 expiring on 28
February 2026.
----- End of picture text -----

ASX +security code New class - code to be confirmed		+Security description Listed Options Exercisable at $0.033 expiring on 28 February 2026.
+Security type		ISIN code
Options
Issue date
24/4/2024
Will all the +securities issued in this class rank equally in all respects from the 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
Distribution Schedule
Provide a distribution schedule for the new +securities according to the categories set out in the left hand column -
including the number of recipients and the total percentage of the new +securities held by the recipients in each
category.
		Total percentage of +securities held
Number of +securities held	Number of holders	For example, to enter a value of 50%
		please input as 50.00
1 - 1,000		%
1,001 - 5,000		%
5,001 - 10,000		%
10,001 - 100,000		%
100,001 and over		%
Options Details
+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.03300000	28/2/2026

Appendix 2A - Application for quotation of securities

4 / 9

Appendix 2A - Application for quotation of securities

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

Details of the type of +security that will be issued if an option is exercised

W2V : ORDINARY FULLY PAID

Number of +securities that will be issued if an option is exercised

One Fully Paid Ordinary Share for each option exercised

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

URL for terms of Options provided in Prospectus: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0 /file/2924-02787093-6A1199246 URL for terms of Options provided in Notice of Meeting: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-resear ch/1.0/file/2924-02786180-6A1198882

Issue details

Number of +securities to be quoted

147,978,866

Are the +securities being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Free attaching options as part of SPP, Placement and Convertible Notes capital raising, two free attaching options for every three shares issued to investors. Refer to appendix 3B lodged on 10 April.

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

0.009000

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

Referring to the Appendix 3B lodged on 10 April. The issue of 20 million Tranche 2 Placement Shares will take place towards the end of this week. The issue of approximately 22 million Tranche 2 Placement shares is expected to take place on or around 21 May 2024. Refer to ASX announcements released on 17 and 22 April 2024.

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

To raise additional working capital

Appendix 2A - Application for quotation of securities

5 / 9

Appendix 2A - Application for quotation of securities

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

==> picture [540 x 710] intentionally omitted <==

Appendix 2A - Application for quotation of securities

6 / 9

Appendix 2A - 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:

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are 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)

+securities subject of this application)
	Total number of
ASX +security code and description	+securities on issue
W2V : ORDINARY FULLY PAID	865,799,142
New class - code to be confirmed : Listed Options Exercisable at $0.033 expiring on 28	147,978,866
February 2026.

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

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
W2VAP : OPTION EXPIRING 14-AUG-2033 EX $0.01	1,666,667
W2VAQ : OPTION EXPIRING 14-AUG-2033 EX $0.02	1,666,667
W2VAR : OPTION EXPIRING 14-AUG-2033 EX $0.03	1,666,666
W2VAS : OPTION EXPIRING 03-OCT-2033 EX $0.01	12,666,000
W2VAT : OPTION EXPIRING 03-OCT-2033 EX $0.02	12,667,000
W2VAU : OPTION EXPIRING 03-OCT-2033 EX $0.03	12,667,000
W2VAV : OPTION EXPIRING 31-OCT-2033 EX $0.01	3,333,333
W2VAW : OPTION EXPIRING 31-OCT-2033 EX $0.02	3,333,333
W2VAX : OPTION EXPIRING 31-OCT-2033 EX $0.03	3,333,334
W2VAD : OPTION EXPIRING VARIOUS DATES VARIOUS PRICES	12,701,401
W2VAC : OPTION EXPIRING VARIOUS DATES RESTRICTED	24,400,707
W2VAN : OPTION EXPIRING 23-JUN-2026 EX $0.02	5,000,000
W2VAO : OPTION EXPIRING 23-JUN-2026 EX $0.03	5,000,000

Appendix 2A - Application for quotation of securities

7 / 9

Appendix 2A - Application for quotation of securities

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

==> picture [540 x 710] intentionally omitted <==

Appendix 2A - Application for quotation of securities

8 / 9

Appendix 2A - 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? 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

10/4/2024

Appendix 2A - Application for quotation of securities

9 / 9