Announcement PDF Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Announcement Summary Entity name PROVARIS ENERGY LTD Date of this announcement Wednesday May 08, 2024 The +securities the subject of this notification are: +Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX Total number of +securities to be issued/transferred ASX +security code Security description New class - code to be confirmed Convertible debt securities New class - code to be confirmed Options Total number of +securities to be issued/transferred Issue date 100 08/05/2024 4,000,000 08/05/2024 Refer to next page for full details of the announcement Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 1/8 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Part 1 - Entity and announcement details 1.1 Name of entity PROVARIS ENERGY LTD 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 ABN 53109213470 1.3 ASX issuer code PV1 1.4 The announcement is New announcement 1.5 Date of this announcement 8/5/2024 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 2/8 Appendix 3G - 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: +Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX Previous Appendix 3B details: Announcement Date and Time Announcement Title Selected Appendix 3B to submit quotation request 03-May-2024 10:20 New - Proposed issue of securities PV1 A placement or other type of issue 2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B? No Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 3/8 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B Placement Details ASX +security code and description new unquoted class of security Date the +securities the subject of this notification were issued 8/5/2024 Any other information the entity wishes to provide about the +securities the subject of this notification Issue details Number of +securities 100 Were the +securities issued for a cash consideration? Yes In what currency was the cash consideration being paid? What was the issue price per +security? AUD - Australian Dollar AUD 5,000.00000000 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 4/8 Appendix 3G - 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) ASX +security code +Security description New class - code to be confirmed Convertible debt securities +Security type ISIN code +Convertible debt securities Date the +securities the subject of this notification were issued 8/5/2024 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. https://announcements.asx.com.au/asxpdf/20240503/pdf/0636d80d43r9h5.pdf +Convertible debt securities Details Type of +security Convertible note or bond +Security currency Face value Interest rate type AUD - Australian Dollar AUD 5,000.00000000 Floating rate Frequency of coupon/interest payments per year First interest payment date Quarterly Does the interest rate include a reference rate, base rate or market rate (e.g. BBSW or CPI)? Yes What is the reference rate, base rate or market rate? BBSW Does the interest rate include a margin above the reference rate, base rate or market rate? Yes What is the margin above the reference rate, base rate or market rate (expressed as a percent per annum)? 1.50 % s128F of the Income Tax Assessment Act status applicable to the +security s128F exempt Is the +security perpetual (i.e. no maturity)? No Maturity date 8/5/2026 Select other feature(s) applicable to the +security Secured Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 5/8 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Convertible Redeemable Is there a first trigger date on which a right of conversion, redemption, call or put can be exercised (whichever is first)? No Details of the existing class of +security that will be issued if the securities are converted, transformed or exchanged PV1 : ORDINARY FULLY PAID Any other information the entity wishes to provide about the +securities the subject of this notification Issue details Number of +securities 100 ASX +security code +Security description New class - code to be confirmed Options +Security type ISIN code Options Date the +securities the subject of this notification were issued 8/5/2024 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. https://announcements.asx.com.au/asxpdf/20240503/pdf/0636d80d43r9h5.pdf Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.06610000 8/5/2027 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option PV1 : ORDINARY FULLY PAID Any other information the entity wishes to provide about the +securities the subject of this notification Free attaching unlisted options to the Convertible Bonds Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 6/8 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Issue details Number of +securities 4,000,000 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 7/8 Appendix 3G - 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 notification, the +securities of the entity will comprise: The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing. 4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX) ASX +security code and description Total number of +securities on issue PV1 : ORDINARY FULLY PAID 597,938,022 4.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX) ASX +security code and description Total number of +securities on issue PV1AN : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES 9,000,000 PV1AB : OPTION EXPIRING 07-MAR-2025 EX $0.14 2,500,000 PV1AA : OPTION EXPIRING 07-MAR-2025 EX $0.07 2,500,000 PV1AM : PERFORMANCE RIGHTS 10,000,000 PV1AC : OPTION EXPIRING 01-MAR-2026 EX $0.075 23,750,000 New class - code to be confirmed : Convertible debt securities New class - code to be confirmed : Options Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 100 4,000,000 8/8