Announcement PDF Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Announcement Summary Entity name XREF LIMITED Date of this announcement Friday December 03, 2021 The +securities the subject of this notification are: Other Total number of +securities to be issued/transferred ASX +security code New class - code to be confirmed Security description Options Refer to next page for full details of the announcement Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 1/7 Total number of +securities to be issued/transferred Issue date 2,700,000 03/12/2021 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 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 3/12/2021 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 2/7 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 2 - Issue details 2.1 The +securities the subject of this notification are: Other Please specify Options issued to 3 Directors approved at Xref Annual General Meeting held on 26 November 2021 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") Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 3/7 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 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 Options +Security type ISIN code Options Date the +securities the subject of this notification were issued 3/12/2021 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. https://www.asx.com.au/asxpdf/20211026/pdf/4523lkp7d1h7yb.pdf Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.54000000 17/11/2024 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description Fully Paid Ordinary Shares Any other information the entity wishes to provide about the +securities the subject of this notification 2,700,000 options with an exercise price of $0.54 and expiry date of 17 November 2024 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 4/7 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Please provide any further information needed to understand the circumstances in which you are notifying the 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 Options issued following shareholder approval at AGM. Issue details Number of +securities 2,700,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Options granted as a key component of Director remuneration to retain services and provide incentive linked to the performance of the Company. Purpose of the issue To pay for services rendered Additional Details Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 5/7 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 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 +securities on issue ASX +security code and description XF1 : ORDINARY FULLY PAID 182,309,247 4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX) Total number of +securities on issue ASX +security code and description XF1AO : OPTION EXPIRING 01-MAY-2024 EX $0.35 107,143 XF1AD : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES 18,068,889 XF1AN : WARRANTS 14,285,714 XF1AG : OPTION EXPIRING 15-JAN-2024 EX 18C 4,000,000 New class - code to be confirmed : Options 2,700,000 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 6/7 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 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 26/11/2021 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 7/7