XREF LIMITED — Share Issue/Capital Change 2024

Apr 4, 2024

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Announcement Summary

Entity name

XREF LIMITED

Date of this announcement

Friday April 05, 2024

The +securities the subject of this notification are:

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

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	Options expiring on 15 September 2024 with an	4,000,000	03/04/2024
to be confirmed	exercise price of $0.18

Refer to next page for full details of the announcement

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - 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

XREF 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 Registration number ABN 34122404666

1.3 ASX issuer code

XF1

1.4 The announcement is

New announcement

1.5 Date of this announcement

5/4/2024

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+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:

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)

ASX +security code New class - code to be confirmed	+Security description Options expiring on 15 September 2024 with an exercise price of $0.18
+Security type	ISIN code
Options

Date the +securities the subject of this notification were issued 3/4/2024

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 Solomons	James Solomons	2,000,000
Sharon Blesson	Sharon Blesson	2,000,000

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No

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/2924-02590078-2A1409496

Options Details

+Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.18000000 15/9/2024

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

XF1 : ORDINARY FULLY PAID

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/2924-02590078-2A1409496

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

4,000,000 Options issued to two KMP (2,000,000 Options each), with an exercise price of $0.18 per Option and will expire, if not exercised, on 15 September 2024.

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Issue details

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Number of +securities

4,000,000

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Appendix 3G - 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 notification, the +securities 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 issued and quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
XF1 : ORDINARY FULLY PAID	189,083,266
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
XF1AO : OPTION EXPIRING 01-MAY-2024 EX $0.35	107,143
XF1AU : OPTION EXPIRING 20-FEB-2027 EX $0.50	1,010,000
XF1AV : OPTION EXPIRING 20-FEB-2027 EX $0.42	687,500
XF1AW : OPTION EXPIRING 20-FEB-2026 EX NIL	275,000
XF1AR : OPTION EXPIRING 05-JUL-2026 EX $0.50	5,060,000
XF1AS : OPTION EXPIRING 05-JUL-2025 EX NIL	706,859
XF1AT : OPTION EXPIRING 05-JUL-2026 EX $0.42	1,638,241
XF1AN : WARRANTS	11,428,572
XF1AP : OPTION EXPIRING 17-NOV-2024 EX $0.54	2,700,000
XF1AQ : OPTION EXPIRING 17-NOV-2024 EX $0.35	900,000
New class - code to be confirmed : Options expiring on 15 September 2024 with an exercise	4,000,000
price of $0.18

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

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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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