Announcement PDF Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Announcement Summary Entity name PHARMAUST LIMITED Date of this announcement Thursday May 11, 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 ORDINARY FULLY PAID RESTRICTED 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 562,557 11/05/2023 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 1 - Entity and announcement details 1.1 Name of entity PHARMAUST 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 ABN 35094006023 1.3 ASX issuer code PAA 1.4 The announcement is New announcement 1.5 Date of this announcement 11/5/2023 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 Fully paid ordinary shares that are subject to 6 months voluntary escrow 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 ORDINARY FULLY PAID RESTRICTED +Security type ISIN code Ordinary fully or partly paid shares/units Date the +securities the subject of this notification were issued 11/5/2023 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? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. Ordinary fully or partly paid shares/units Details +Security currency AUD - Australian Dollar Are there CDIs issued over the +securities? No Is it a Partly Paid class of +security? No Is it a stapled class of +security? No 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 the market in an Appendix 3B Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 4/7 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities the market in an Appendix 3B Fully paid ordinary shares in the Company and rank equally with the Company¿s current issued shares except that they are subject to 6 months voluntary escrow Issue details Number of +securities 562,557 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Consideration for the agreement of Spark Plus Pte Ltd to provide non-exclusive corporate adviser services for 6 months from 3 March 2023 with a focus on roadshow services in Singapore and Hong Kong Purpose of the issue To pay for services rendered 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 PAA : ORDINARY FULLY PAID 316,912,383 PAAO : OPTION EXPIRING 31-OCT-2023 79,228,636 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 PAAAF : PERFORMANCE RIGHTS 2,000,000 New class - code to be confirmed : ORDINARY FULLY PAID RESTRICTED Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 6/7 562,557 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? 562,557 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