XReality : Application for quotation of securities - XRG

For personal use only

Entity name

XREALITY GROUP LTD

Announcement Type

New announcement

Date of this announcement

Monday March 21, 2022

The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

Total number of +securities to be quoted

Refer to next page for full details of the announcement

For personal use only

1.1 Name of entity

XREALITY GROUP LTD

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

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

21/3/2022

For personal use only

2.1 The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

2.2 The +securities to be quoted are:

Additional +securities in a class that is already quoted on ASX ("existing class")

only

Existing +securities converting into additional +securities in an existing class

FROM (Existing Class)

ASX +security code and description

XRGAR : OPTION EXPIRING 31-JAN-2024 EX $0.021

use

TO (Existing Class)

ASX +security code and description

XRG : ORDINARY FULLY PAID

Please state the number of options that were exercised or other +convertible securities that were converted

250,000

The first date the options were exercised or other +convertible securities were converted

The last date the options were exercised or other +convertible securities were converted

18/3/2022

For personal

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)?

No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by:

An issue of new +securities

The underlying securities being received by the holder are:

Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme?

Yes

Are any of the options being exercised or other +convertible securities being converted held by +key management personnel (KMP) or an +associate?

No

Issue date

22/3/2022

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

Yes

For personal use only

Number of +securities to be quoted

170,455

Are the +securities being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

These 170,455 Ordinary Fully Paid shares are being issued with the exercise of 250,000 Options under the Employee Share Option Plan cashless facility (closing price 18/03/21 $0.066).

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

0.066000

Any other information the entity wishes to provide about the +securities to be quoted

250,000 Options are being exercised using the Employee Share Option Plan's cashless facility, and accordingly, with the closing price being $0.066, the full value of the Shares at $16,500 is reduced by the exercise price of $5,250, leaving $11,250. This is issued as 170,455 Ordinary fully Paid shares.