Announcement PDF Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Announcement Summary Entity name HITIQ LIMITED Date of this announcement Thursday October 19, 2023 The +securities the subject of this notification are: Other Total number of +securities to be issued/transferred ASX +security code New class - code to be confirmed Security description OPTION EXPIRING 31 OCT 2025 EX $0.05 Refer to next page for full details of the announcement Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 1/7 Total number of +securities to be issued/transferred Issue date 13,642,123 19/10/2023 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 1 - Entity and announcement details 1.1 Name of entity HITIQ LIMITED We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities. 1.2 Registered number type Registration number ACN 609543213 1.3 ASX issuer code HIQ 1.4 The announcement is New announcement 1.5 Date of this announcement 19/10/2023 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 2/7 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 2 - Issue details 2.1 The +securities the subject of this notification are: Other Please specify 1-for-2 free attaching options for every 2 shares subscribed under the Placement announced 16/10/23 2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which: does not have an existing ASX security code ("new class") Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 3/7 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B New +securities ASX +security code +Security description New class - code to be confirmed OPTION EXPIRING 31 OCT 2025 EX $0.05 +Security type ISIN code Options Date the +securities the subject of this notification were issued 19/10/2023 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? Yes Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. Please refer the announcement lodged on ASX dated 16 October 2023 titled "Placement to Strategic Investor and Rights Offer": https://www.hitiq.com/investor-centre Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.05000000 31/10/2025 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description These securities will be converted into 13,642,123 HIQO listed options once spread requirements are confirmed. Once converted, the options can then be exercised into 13,642,123 HIQ ordinary shares. Any other information the entity wishes to provide about the +securities the subject of this notification Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to Notification of Issue, Conversion or Payment up of Unquoted 4/7 Equity Securities Notification of Issue, Conversion or Payment up of Unquoted Equity Securities issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B The issue of these securities were announced in an Appendix 3B lodged on 16 October 2023, noting the terms of these are identical to those being offered to shareholders who participate in the rights issue announced the same date. The new options are intended to be listed, however are not capable of meeting the spread requirements until the conclusion of the rights issue. Issue details Number of +securities 13,642,123 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities 1 free attaching New Option for every 2 New Shares subscribed under the Placement. Purpose of the issue Other Additional Details Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 5/7 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 4 - +Securities on issue Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise: (A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.) 4.1 Quoted +Securities (Total number of each +class of +securities quoted) Total number of +securities on issue ASX +security code and description HIQN : ORDINARY FULLY PAID DEFERRED 147,031,768 HIQO : OPTION EXPIRING 31-OCT-2025 DEFERRED 73,515,884 HIQ : ORDINARY FULLY PAID 266,779,289 4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX) Total number of +securities on issue ASX +security code and description HIQAO : OPTION EXPIRING 31-JUL-2024 EX $0.30 4,642,250 HIQAQ : OPTION EXPIRING 09-DEC-2023 EX $0.04 134,360,271 HIQAP : OPTION EXPIRING 10-NOV-2024 EX $0.30 1,500,000 HIQAN : OPTION EXPIRING 18-DEC-2023 EX $0.30 9,333,334 HIQAF : OPTION EXPIRING 17-DEC-2023 EX $0.20 599,999 HIQAH : OPTION EXPIRING 19-MAR-2024 EX $0.20 599,999 HIQAJ : OPTION EXPIRING 25-MAR-2025 EX $0.30 1,500,000 HIQAI : OPTION EXPIRING 25-MAR-2024 EX $0.30 4,500,000 HIQAM : OPTION EXPIRING 10-DEC-2023 EX $0.20 3,000,000 New class - code to be confirmed : OPTION EXPIRING 31 OCT 2025 EX $0.05 13,642,123 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 6/7 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 5 - Other Listing Rule requirements 5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? No 5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? No 5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes 5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? 13,642,123 New Options (class-code to be confirmed) 5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 7/7