3,250,000 Ordinary Shares of Australian Critical Minerals Limited are subject to a Lock-Up Agreement Ending on 27-MAR-2024. These Ordinary Shares will be under lockup for 272 days starting from 29-JUN-2023 to 27-MAR-2024.

Details:
Subject to the Company being admitted to the Official List and completing the Offer, certain Securities in the Company will be classified by ASX as restricted securities and will be required to be held in escrow for up to 24 months from the date of Official Quotation. During the period in which these Securities are prohibited from being transferred, trading in Securities may be less liquid which may impact on the ability of a Shareholder to dispose of Shares in a timely manner. None of the Shares issued under the Offer will be subject to escrow.

While the ASX has not yet confirmed the final escrow position, the Company anticipates that the following Securities will be subject to escrow 2,800,010 Shares and 7,531,250 Options issued by the Company under seed capital raisings, 11,000,000 Shares and 2,100,000 Vendor Performance Rights issued in connection with the acquisitions of the Projects by the Company ,6,000,000 Director Options and 2,100,000 MD Performance Rights issued to Directors and 5,000,000 Lead Manager Options to be issued to the Lead Manager.