Adslot : Update - Proposed issue of securities - ADS

Proposed issue of securities

Update Summary

For personal use only

Entity name ADSLOT LTD.

Announcement Type

Update to previous announcement

Date of this announcement

21/4/2022

Reason for update to a previous announcement

The inclusion of of a top-up facility as part of the Entitlement Offer.

Refer to next page for full details of the announcement

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Proposed issue of securities

Part 1 - Entity and announcement details

1.1 Name of +Entity

ADSLOT LTD.

For personal use only

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

1.2 Registered Number Type ABN

Registration Number 70001287510

1.3 ASX issuer code ADS

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

The inclusion of of a top-up facility as part of the Entitlement Offer.

1.4b Date of previous announcement to this update 11/4/2022

1.5 Date of this announcement 21/4/2022

1.6 The Proposed issue is:

A standard +pro rata issue (non-renounceable or renounceable)A placement or other type of issue

1.6a The proposed standard +pro rata issue is:+ Non-renounceable

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Proposed issue of securities

Part 3 - Details of proposed entitlement offer issue

For personal use only

Part 3A - Conditions

3A.1 Do any external approvals need to be obtained or other conditions satisfied before the entitlement offer can proceed on an unconditional basis?

No

Part 3B - Offer details

Class or classes of +securities that will participate in the proposed issue and class or classes of +securities proposed to be issued

ASX +security code and description ADS : ORDINARY FULLY PAID

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)?

Will the proposed issue of this +security include an offer of attaching +securities?

If the entity has quoted company options, do the terms entitle option holders to participate on exercise?

No

No

Existing class

Details of +securities proposed to be issued

ASX +security code and description

ADS : ORDINARY FULLY PAID

ISIN Code (if Issuer is a foreign company and +securities are non CDIs)

ISIN Code for the entitlement or right to participate in a non-renounceable issue (if Issuer is foreign company and +securities are non CDIs)

Offer ratio (ratio to existing holdings at which the proposed +securities will be issued)

The quantity of additional +securities For a given quantity of +securities

to be issued 1

held 17

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What will be done with fractional entitlements?

Maximum number of +securities proposed to be issued (subject to rounding)

Fractions rounded up to the next whole number

116,588,604

For personal use only

Offer price details for retail security holders

Will individual +security holders be permitted to apply for more than their entitlement (i.e. to over-subscribe)?

No

Will a scale back be applied if the offer is over-subscribed?

No

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?

Yes

Part 3C - Timetable

3C.1 +Record date

19/4/2022

3C.2 Ex date 14/4/2022

3C.4 Record date

19/4/2022

3C.5 Date on which offer documents will be sent to +security holders entitled to participate in the +pro rata issue

21/4/2022

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3C.6 Offer closing date

3/5/2022

3C.7 Last day to extend the offer closing date

28/4/2022

For personal use only

3C.9 Trading in new +securities commences on a deferred settlement basis 4/5/2022

3C.11 +Issue date and last day for entity to announce results of +pro rata issue 10/5/2022

3C.12 Date trading starts on a normal T+2 basis 11/5/2022

3C.13 First settlement date of trades conducted on a +deferred settlement basis and on a normal T+2 basis 13/5/2022

Part 3E - Fees and expenses

3E.1 Will there be a lead manager or broker to the proposed offer?

No

3E.2 Is the proposed offer to be underwritten?

Yes

3E.2a Who are the underwriter(s)?

Venturian Pty Ltd, an entity controlled by Andrew Barlow (Chairman of Adslot Ltd)

3E.2b What is the extent of the underwriting (ie the amount or proportion of the offer that is underwritten)?

Fully underwritten

3E.2c What fees, commissions or other consideration are payable to them for acting as underwriter(s)?

None

3E.2d Please provide a summary of the significant events that could lead to the underwriting being terminated Commercially standard termination events to be described more fully in the offer booklet

3E.2e Is a party referred to in listing rule 10.11 underwriting or sub-underwriting the proposed offer?

Yes

3E.2e (i) What is the name of that party?

Venturian Pty Ltd (Andrew Barlow, Chairman)

Yarra Ventures Pty Ltd (Adrian Giles, Director)

Ashmog Investments Pty Ltd (Sarah Morgan, Director)

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