Medibio : Update - Proposed issue of securities - MEB

Proposed issue of securities

Update Summary

For personal use only

Entity name

MEDIBIO LIMITED

Announcement Type

Update to previous announcement

Date of this announcement

20/1/2022

Reason for update to a previous announcement

The updated Appendix 3B notes that the Offer is now partially underwritten up to 1 million dollars, and provides a summary of the significant events that could lead to the partial underwriting agreement being terminated.

Refer to next page for full details of the announcement

Proposed issue of securities

1 / 12

Proposed issue of securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of +Entity

MEDIBIO 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.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

1.2	Registered Number Type	Registration Number
ABN	58008130336
1.3	ASX issuer code
MEB

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

The updated Appendix 3B notes that the Offer is now partially underwritten up to 1 million dollars, and provides a summary of the significant events that could lead to the partial underwriting agreement being terminated.

1.4b Date of previous announcement to this update

14/1/2022

1.5 Date of this announcement

20/1/2022

1.6 The Proposed issue is:

A standard +pro rata issue (non-renounceable or renounceable)

A placement or other type of issue

1.6a The proposed standard +pro rata issue is: + Non-renounceable

Proposed issue of securities

2 / 12

Proposed issue of securities

Part 3 - Details of proposed entitlement offer issue

only
	Part 3A - Conditions
		3A.1 Do any external approvals need to be obtained or other conditions satisfied before the entitlement offer can
		proceed on an unconditional basis?
use	No
	Part 3B - Offer details
		Class or classes of +securities that will participate in the proposed issue and class or classes of +securities
personal	proposed to be issued
ASX +security code and description
		MEB : ORDINARY FULLY PAID
		Is the proposed security a 'New	Will the proposed issue of this	If the entity has quoted company
		class' (+securities in a class that is	+security include an offer of	options, do the terms entitle option
		not yet quoted or recorded by ASX)	attaching +securities?	holders to participate on exercise?
		or an 'Existing class' (additional	Yes	No
		securities in a class that is already
		quoted or recorded by ASX)?
		Existing class
	D tails of +securities proposed to be issued
		ASX +security code and description
		MEB : ORDINARY FULLY PAID
For	ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
ISIN Code for the entitlement or right to participate in a non-renounceable

issue (if Issuer is foreign company and +securities are non CDIs)

Offer ratio (ratio to existing holdings at which the proposed +securities will be issued)

The quantity of additional +securities to be issued

For a given quantity of +securities held

1	3
Proposed issue of securities	3 / 12

Proposed issue of securities

What will be done with fractional entitlements?

Maximum number of +securities proposed to be issued (subject to rounding)

only	Fractions rounded up to the next	687,018,109
whole number
Offer price details for retail security holders
	In what currency will the offer be	What is the offer price per +security
	made?	for the retail offer?
	AUD - Australian Dollar	AUD 0.00500
use	Oversubscription & Scale back details
personal	Will individual +security holders be permitted to apply for more than their
entitlement (i.e. to over-subscribe)?
Yes
	Describe the limits on over-subscription
	Eligible shareholders who apply for their Entitlement in full may apply for additional Shares under the Shortfall. If eligible
	shareholders subscribe for more Shares than are available under the Shortfall, the Company will apply a scale-back
	procedure to ensure a fair allocation of the shortfall.
	Will a scale back be applied if the offer is over-subscribed?
	Yes
	Describe the scale back arrangements
	In the event of a scale back, Eligible Shareholders' applications will be scaled back using a consistent percentage across
	all applications.
	Will these +securities rank equally in all respects from their issue date with
	the existing issued +securities in that class?
For	Yes
Attaching +Security

Is the proposed attaching 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

Attaching +Security - Existing class (additional +securities in a class that is already quoted or recorded by ASX)

Proposed issue of securities

4 / 12

use only

Proposed issue of securities

Details of attaching +securities proposed to be issued

ASX +security code and description

MEBOC : OPTION EXPIRING 28-FEB-2024

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

ISIN Code for the entitlement or right to participate in a non-renounceable issue (if Issuer is foreign company and +securities are non CDIs)

Offer ratio (ratio of attaching securities at which the new +securities will be issued)

The quantity of attaching +securities to be issued	For a given quantity of the new +securities issued
1	2
What will be done with fractional entitlements?	Maximum number of +securities proposed to be issued
Fractions rounded up to the next whole number	(subject to rounding)
	343,509,055
Offer price details for retail security holders

personal

In what currency will the offer be made?

AUD - Australian Dollar

Oversubscription & Scale back details

Will individual +security holders be permitted to apply for more than their entitlement (i.e. to over-subscribe)?Yes

Describe the limits on over-subscription

What is the offer price per +security for the retail offer?

AUD 0.00000

For

Eligible shareholders who apply for their Entitlement in full may apply for additional Shares under the Shortfall. If eligible shareholders subscribe for more Shares than are available under the Shortfall, the Company will apply a scale-back procedure to ensure a fair allocation of the shortfall.

Will a scale back be applied if the offer is over-subscribed?

Yes

Describe the scale back arrangements

In the event of a scale back, Eligible Shareholders' applications will be scaled back using a consistent percentage across all applications.

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that

Proposed issue of securities

5 / 12