Pure Hydrogen : Proposed issue of securities - PH2

Announcement Summary

Entity name

For personal use only

PURE HYDROGEN CORPORATION LIMITED

Announcement Type

New announcement

Date of this announcement 30/3/2022

The Proposed issue is:

A placement or other type of issue

Total number of +securities proposed to be issued for a placement or other type of issue

Refer to next page for full details of the announcementPart 1 - Entity and announcement details

1.1 Name of +Entity

PURE HYDROGEN CORPORATION LIMITED

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 ACN

Registration Number 160885343

1.3 ASX issuer code PH2

1.4 The announcement isNew announcement

1.5 Date of this announcement 30/3/2022

1.6 The Proposed issue is:

A placement or other type of issuePart 7 - Details of proposed placement or other issue

only

Part 7A - Conditions

7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis?

For personal use

No

Part 7B - Issue details

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)?

Existing class

Details of +securities proposed to be issued

ASX +security code and description

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

No

PH2 : CHESS DEPOSITARY INTERESTS 1:1

Number of +securities proposed to be issued

617,919

Offer price details

Are the +securities proposed to be issued being issued for a cash consideration?

Yes

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

Yes

only

Details of +securities proposed to be issued

ASX +security code and description

PH2 : CHESS DEPOSITARY INTERESTS 1:1

For personal use

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)?

Existing class

Number of +securities proposed to be issued

156,250

Offer price details

Are the +securities proposed to be issued being issued for a cash consideration?

Yes

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

Yes

Part 7C - Timetable

7C.1 Proposed +issue date 30/3/2022

Part 7D - Listing Rule requirements

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

No

7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1?

No

7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

placement capacity under listing rule 7.1?

No

7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)?

No

For personal use only

• 7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue?

  No

• 7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules?

  No

• 7D.4 Will any of the +securities to be issued be subject to +voluntary escrow?

No

Part 7E - Fees and expenses

• 7E.1 Will there be a lead manager or broker to the proposed issue?

  No

• 7E.2 Is the proposed issue to be underwritten?

No

7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue

Part 7F - Further Information

7F.01 The purpose(s) for which the entity is issuing the securities

Exercise of options

• 7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds?

  No

• 7F.2 Any other information the entity wishes to provide about the proposed issue

7F.3 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of:

The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f)

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