Announcement PDF Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Announcement Summary Entity name PHARMAUST LIMITED Date of this announcement Friday February 23, 2024 The +securities the subject of this notification are: Other Total number of +securities to be issued/transferred ASX +security code Security description PAAAO OPTION EXPIRING 19-JAN-2026 EX $0.175 Total number of +securities to be issued/transferred Issue date 1,500,000 23/02/2024 Refer to next page for full details of the announcement Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 1/6 Appendix 3G - 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 23/2/2024 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 2/6 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: Other Please specify Advisor options as per the terms of a mandate agreement dated 15 January 2024 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") Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 3/6 Appendix 3G - 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 Additional +securities in an existing class ASX +security code and description PAAAO : OPTION EXPIRING 19-JAN-2026 EX $0.175 Date the +securities the subject of this notification were issued 23/2/2024 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class Yes 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 Advisor options as per the terms of a mandate agreement dated 15 January 2024 Issue details Number of +securities 1,500,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Nil Purpose of the issue To pay for services rendered Additional Details Consideration for 12 mnths advisory focused on introductions to high quality institutional investors Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 4/6 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 PAA : ORDINARY FULLY PAID 386,486,545 PAAOA : OPTION EXPIRING 30-APR-2026 120,928,145 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 PAAAO : OPTION EXPIRING 19-JAN-2026 EX $0.175 2,750,000 PAAAM : OPTION EXPIRING 28-FEB-2026 EX $0.10 2,730,000 PAAAG : PERFORMANCE RIGHTS 2,875,000 PAAAN : OPTION EXPIRING 31-DEC-2025 EX $0.15 4,000,000 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 5/6 Appendix 3G - 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? 1,500,000 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 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 6/6