Ann: Trading Halt, page-16

Hello. The impression is you are correct. How can a placement that required shareholder approval be re-priced?

6 February 2024

The Company will place 37,244,987 fully paid ordinary shares at $0.06 per share (“Placement Price”) to
raise approximately $2.2 million (before costs) pursuant to the Placement, with sophisticated and
professional investors qualifying under s708 of the Corporations Act 2001 (Cth).

A total of 11,748,326 shares will be issued pursuant to Tranche 1 of the Placement under the Company's
existing Listing Rule 7.1 placement capacity (7,096,995 shares) and 7.1A placement capacity (4,651,331
shares).

A further 25,496,661 shares are to be issued as Tranche 2 subject to shareholder approval at a meeting to
be held shortly. Tranche 2 will also include participation by directors for 2 million shares, subject to prior
shareholder approval.