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

Announcement Summary

only

Entity name

HYDRIX LIMITED

Date of this announcement

Monday March 07, 2022

The +securities the subject of this notification are:

Other

use

Total number of +securities to be issued/transferred

ASX +security

code

Security description

New class - code

Unquoted options exercisable at $0.30 and

to be confirmed

expiring 3 years from the date of issue

personalFor

Refer to next page for full details of the announcement

Total number of +securities to be

issued/transferred Issue date

1,000,000 07/03/2022

Notification of Issue, Conversion or Payment up of Unquoted

1 / 7

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

Part 1 - Entity and announcement details

For personal use only

1.1 Name of entity

HYDRIX 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

84060369048

1.3

ASX issuer code

HYD

  1. The announcement is New announcement
  2. Date of this announcement

7/3/2022

Notification of Issue, Conversion or Payment up of Unquoted

2 / 7

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

Part 2 - Issue details

For personal use only

2.1 The +securities the subject of this notification are: Other

Please specify

Notification of unquoted classes - as notified in the Appendix 3B lodged on Friday 4 March 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:

does not have an existing ASX security code ("new class")

Notification of Issue, Conversion or Payment up of Unquoted

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

only

New +securities

ASX +security code

+Security description

New class - code to be confirmed

Unquoted options exercisable at $0.30 and expiring 3 years

from the date of issue

+Security type

ISIN code

use

Options

Date the +securities the subject of this notification were issued

7/3/2022

Will all the +securities issued in this class rank equally in all respects from their issue date?

personal

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://www.hydrix.com/terms-of-options

Options Details

+Security currency

Exercise price

Expiry date

AUD - Australian Dollar

AUD 0.30000000

7/3/2025

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of

For

company option

Other

Description

Fully paid ordinary shares in the Company

Any other information the entity wishes to provide about the +securities the subject of this notification

Notification of Issue, Conversion or Payment up of Unquoted

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

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

The options were notified in an Appendix 3B lodged by the Company on Friday 4 March 2022.

Issue details

only

Number of +securities

1,000,000

Were the +securities issued for a cash consideration?

use

No

Please describe the consideration being provided for the +securities

The options are being issued to the joint lead managers of the Company's placement (as announced to ASX on 28

February 2022), as part consideration for services provided.

Purpose of the issue

Other

Additional Details

Forpersonal

Notification of Issue, Conversion or Payment up of Unquoted

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Disclaimer

Hydrix Limited published this content on 07 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 March 2022 04:58:00 UTC.