Announcement PDF Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Announcement Summary Entity name PHARMAUST LIMITED Date of this announcement Friday January 19, 2024 The +securities the subject of this notification are: +Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX Total number of +securities to be issued/transferred Total number of +securities to be issued/transferred Issue date PERFORMANCE RIGHTS 1,125,000 19/01/2024 Exercise Price of 17.5 cents and expiry date 19/01/2026 1,250,000 19/01/2024 ASX +security code Security description PAAAG New class - code to be confirmed Refer to next page for full details of the announcement Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 1/8 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 19/1/2024 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 2/8 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 securities issued under an +employee incentive scheme that are not intended to be quoted on ASX 2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which: has an existing ASX security code ("existing class") does not have an existing ASX security code ("new class") Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 3/8 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B ASX +security code and description PAAAG : PERFORMANCE RIGHTS Date the +securities the subject of this notification were issued 19/1/2024 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class Yes Were any of the +securities issued to +key management personnel (KMP) or an +associate? No Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms Schedule 1 of Notice of AGM - https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-0272739 2-6A1175019 Any other information the entity wishes to provide about the +securities the subject of this notification Grant of securities approved by remuneration committee and directors on 11 January 2024 Issue details Number of +securities 1,125,000 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 4/8 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 ASX +security code +Security description New class - code to be confirmed Exercise Price of 17.5 cents and expiry date 19/01/2026 +Security type ISIN code Options Date the +securities the subject of this notification were issued 19/1/2024 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes Provide details of the KMP or +associates being issued +securities. Name of KMP Name of registered holder Number of +securities Dr Michael Thurn MR MICHAEL JOSEPH THURN & MRS CARMEN LEEANN THURN <THURN FAMILY A/C> 1,000,000 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. Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.17500000 19/1/2026 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description Fully Paid Ordinary Shares Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 5/8 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms Schedule 1 of Notice of AGM - https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-0272739 2-6A1175019 Any other information the entity wishes to provide about the +securities the subject of this notification Grant of securities approved by remuneration committee and directors on 11 January 2024 Issue details Number of +securities 1,250,000 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 6/8 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 384,965,597 PAAOA : OPTION EXPIRING 30-APR-2026 121,949,093 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 PAAAM : OPTION EXPIRING 28-FEB-2026 EX $0.10 2,730,000 PAAAG : PERFORMANCE RIGHTS 3,375,000 PAAAN : OPTION EXPIRING 31-DEC-2025 EX $0.15 4,000,000 New class - code to be confirmed : Exercise Price of 17.5 cents and expiry date 19/01/2026 1,250,000 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 7/8 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? Yes 5.1a Select the number of the applicable exception in Listing Rule 7.2 13 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 8/8