WINGARA AG LTD — Share Issue/Capital Change 2022

Mar 23, 2022

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

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Update Summary

Entity name

WINGARA AG LTD

Announcement Type

Update to previous announcement

Date of this announcement

Wednesday March 23, 2022

Reason for the update

Change in details of securities being received by KMP. Total amount being issued does not change.

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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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

WINGARA AG LTD

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type Registration number ACN 009087469 1.3 ASX issuer code WNR

1.4 The announcement is

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Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Change in details of securities being received by KMP. Total amount being issued does not change.

1.4b Date of previous announcement to this update

24/12/2021

1.5 Date of this announcement

23/3/2022

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Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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

ASX +security code +Security description New class - code to be confirmed PERFORMANCE RIGHTS ISSUED UNDER EMPLOYEE SHARE SCHEME +Security type ISIN code Other

Date the +securities the subject of this notification were issued 22/12/2021

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

Were any of the +securities 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
James Whiteside	James Whiteside	1,516,531
Jae Tan	Jae Tan	889,698
Zane Banson	Zane Banson	970,580

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02124705-3A519858?access_token=83 ff96335c2d45a094df02a206a39ff4

Please provide 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/2924-02124705-3A519858?access_token=83 ff96335c2d45a094df02a206a39ff4

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

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

Issue details

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Number of +securities

3,816,603

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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
WNR : ORDINARY FULLY PAID	175,542,504

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
WNRAQ : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	750,000
WNRAS : PERFORMANCE RIGHTS	3,816,603
WNRAR : OPTION EXPIRING 31-DEC-2023 EX $0.17	41,822,050
New class - code to be confirmed : PERFORMANCE RIGHTS ISSUED UNDER	3,816,603
EMPLOYEE SHARE SCHEME

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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? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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