Swift Media : Update – Proposed issue of Securities – SW1

Proposed issue of securities

Update Summary

Entity name

SWIFT MEDIA LIMITED

Announcement Type

Update to previous announcement

Date of this announcement

Monday February 1, 2021

Reason for update to a previous announcement

Amend date of proposed meeting to actual meeting date. Addition of securities included in Notice

Refer to next page for full details of the announcement

Proposed issue of securities

1 / 6

Proposed issue of securities

Part 1 - Entity and announcement details

1.1 Name of +Entity

SWIFT MEDIA LIMITED

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

1.2	Registered Number Type	Registration Number
ABN	54006222395
1.3	ASX issuer code
SW1

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Amend date of proposed meeting to actual meeting date.

Addition of securities included in Notice

1.4b Date of previous announcement(s) to this update

Friday January 22, 2021

1.5 Date of this announcement

Monday February 1, 2021

1.6 The Proposed issue is:

A placement or other type of issue

Proposed issue of securities

2 / 6

Proposed issue of securities

Part 7 - Details of proposed placement or other issue

Part 7A - Conditions

7A.1 - Are any of the following approvals required for the placement or other type of issue?

+Security holder approval

Court approval

Lodgement of court order with +ASIC

ACCC approval

FIRB approval

Another approval/condition external to the entity

Yes

7A.1a Conditions
Approval/Condition	Date for determination	Is the date estimated or	** Approval
+Security holder approval	Wednesday March 3, 2021	actual?	received/condition met?
Actual
Comments

Part 7B - Issue details
Is the proposed security a 'New	Will the proposed issue of this
class' (+securities in a class that is	+security include an offer of
not yet quoted or recorded by ASX)	attaching +securities?
or an 'Existing class' (additional	No
securities in a class that is already
quoted or recorded by ASX)?
New class

Details of +securities proposed to be issued

ISIN Code (if Issuer is a foreign company and +securities are non CDIs)

Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1?

No

ASX +security code

New class-code to be confirmed

Will the entity be seeking quotation of the 'new' class of +securities on ASX?

No

+Security description

Warrant Expiring 22 January 2024, Exercise price $0.08

Proposed issue of securities

3 / 6

Proposed issue of securities

+Security type

Other

Number of +securities proposed to be issued

24,000,000

Reason for the update of 'Maximum Number of +securities proposed to be issued

Offer price details

Are the +securities proposed to be issued being issued for a cash consideration? No

Please describe the consideration being provided for the +securities

Amendment to the terms of the Company's debt facility as set out in the announcement dated 22 January 2021

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities

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

Yes

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement.

Full terms and conditions of the Warrants will be included in the Notice of Meeting to approve the issue

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)?

Existing class

Details of +securities proposed to be issued

Will the proposed issue of this +security include an offer of attaching +securities?

No

ASX +security code and description

SW1 : ORDINARY FULLY PAID

Number of +securities proposed to be issued

2,971,429

Reason for the update of 'Maximum Number of +securities proposed to be issued

Addition of further securities included in Notice

Offer price details

Proposed issue of securities

4 / 6