DroneShield : Notification regarding unquoted securities - DRO

Notification of Issue, Conversion or Payment up of Unquoted Equity SecuritiesAnnouncement Summary

For personal use only

Entity name DRONESHIELD LIMITED

Date of this announcement Friday April 29, 2022

The +securities the subject of this notification are:Other

Total number of +securities to be issued/transferredASX +securityTotal number of +securities to be

code	Security description	issued/transferred	Issue date
DROAH	OPTION EXPIRING VARIOUS DATEX EX	16,000,000	29/04/2022
VARIOUS PRICES

Refer to next page for full details of the announcementNotification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Notification of Issue, Conversion or Payment up of Unquoted Equity SecuritiesPart 1 - Entity and announcement details

For personal use only

1.1 Name of entity DRONESHIELD 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 ABN

1.3 ASX issuer code DRO

1.4 The announcement isNew announcement

1.5 Date of this announcement 29/4/2022

Registration number 26608915859

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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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

For personal use only

Please specify

Issue of Performance Options as approved by Shareholders at the AGM held on 26 April 2022.

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")

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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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

For personal use only

Additional +securities in an existing class

ASX +security code and description

DROAH : OPTION EXPIRING VARIOUS DATEX EX VARIOUS PRICES

Date the +securities the subject of this notification were issued 29/4/2022

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

Refer to the 2022 Notice of Annual General Meeting resolutions 4, 5 and 6 - Issue of Performance Options to Directors. The terms of the Performance Options are set out in Annexure A.

URL:https://www.asx.com.au/asxpdf/20220325/pdf/457cg8hsggb2xn.pdf

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

N/A

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Issue details

Number of +securities

16,000,000

For personal use only

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Nil cash consideration. Subject to receipt of Shareholder approval which was obtained, issue of Performance Options to Directors as a cost effective way to remunerate and incentivise Directors.

Purpose of the issue

Other

Additional Details

As a cost effective way to remunerate and incentivise Directors.

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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