MMA Offshore : Notification regarding unquoted securities - MRM

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Entity name

MMA OFFSHORE LIMITED

Date of this announcement

Friday June 03, 2022

The +securities the subject of this notification are:

+Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

Total number of +securities to be issued/transferred

Refer to next page for full details of the announcement

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1.1 Name of entity

MMA OFFSHORE LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1. The announcement is New announcement
2. Date of this announcement

3/6/2022

For personal use only

2.1 The +securities the subject of this notification are:

+Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

has an existing ASX security code ("existing class")

For personal use only

Additional +securities in an existing class issued under an +employee incentive scheme

ASX +security code and description

MRMAA : PERFORMANCE RIGHTS

Date the +securities the subject of this notification were issued

30/5/2022

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

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.

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

A summary of the MMA Offshore Limited Performance Rights Plan is set out in the Company's 2021 Notice of Annual General Meeting which is available at the following URL https://www.mmaoffshore.com/theme/mmaoffshorecomau/assets /public/File/asx/Notice_of_2021_Annual_General_Meeting_and_Proxy_Form.pdf

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

The Performance Rights were issued as part of a retention package with rights vesting on 31 December 2023 subject to the participant continuing to be employed by the Company (or a wholly owned subsidiary) on 31 December 2023.