Adveritas : Notification regarding unquoted securities - AV1

Announcement SummaryEntity name ADVERITAS LIMITED

Date of this announcement Thursday April 28, 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
New class - code	Convertible notes	3,000,000	28/04/2022
to be confirmed

Refer to next page for full details of the announcementPart 1 - Entity and announcement details

1.1 Name of entity ADVERITAS 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 AV1

1.4 The announcement isNew announcement

1.5 Date of this announcement 28/4/2022

Registration number 88156377141

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

Other

Please specify

Issue of convertible notes pursuant to the Appendix 3B lodged on 21 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:does not have an existing ASX security code ("new class")

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

onlyFor personal use

New +securitiesASX +security code

New class - code to be confirmed

+Security type

+Convertible debt securities

Date the +securities the subject of this notification were issued 28/4/2022

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

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.asx.com.au/asxpdf/20220421/pdf/4585sw57j7mpm3.pdf

+Convertible debt securities Details

Type of +security Convertible note or bond

+Security currency AUD - Australian DollarFace value AUD 1.00000000

Frequency of coupon/interest payments per year Quarterly

Interest rate per annum 8.00 %

+Security descriptionConvertible notes

ISIN code

Is the interest rate per annum estimated at this time?

No

s128F of the Income Tax Assessment Act status applicable to the +security s128F exemption status unknown

Is the +security perpetual (i.e. no maturity)?

Interest rate type Fixed rate

First interest payment dateMaturity date

Is the +security perpetual (i.e. no maturity)?

No

Maturity date 12/4/2024

Select other feature(s) applicable to the +securityRedeemable

Is there a first trigger date on which a right of conversion, redemption, call or put can be exercised (whichever is first)?

No

Details of the existing class of +security that will be issued if the securities are converted, transformed or exchanged

Other

Description

AV1 - Fully Paid Ordinary Shares

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

The 3,000,000 convertible notes were reported on an Appendix 3B released to the ASX on 21 April 2022.

Issue details

Number of +securities

3,000,000

Were the +securities issued for a cash consideration?

Yes

In what currency was the cash consideration being paid?

What was the issue price per +security?

AUD - Australian Dollar

AUD 1.00000000

Purpose of the issue Other

Additional Details

Refer ASX announcement of 21 April 2022.