Cann : Notification regarding unquoted securities - CAN

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

Entity name

For personal use only

CANN GROUP LIMITED

Date of this announcement Monday May 02, 2022

The +securities the subject of this notification are:

Unquoted options that have been exercised or other unquoted +convertible securities that have been converted

Total number of +securities to be issued/transferred

ASX +security code

New class - code to be confirmed

Security description

Restricted LTI Plan sharesRefer to next page for full details of the announcement

Total number of

+securities to be issued/transferred Issue date

100,000

27/04/2022

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 SecuritiesPart 1 - Entity and announcement details

For personal use only

1.1 Name of entity CANN GROUP 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 ACN

1.3 ASX issuer code CAN

1.4 The announcement isNew announcement

1.5 Date of this announcement 2/5/2022

Registration number 603949739

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:

Unquoted options that have been exercised or other unquoted +convertible securities that have been converted

For personal use only

2.2b The +securities being issued, transferred or re-classified as a result of the options being exercised or other +convertible securities being converted are: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 Equity Securities

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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

For personal use only

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by:

A reclassification of the +convertible securities as securities in the same class as the +underlying securities

The underlying securities being received by the holder are:

Are not, and are not intended to be, quoted by ASX

Existing +securities converting into a new class

FROM (Existing Class)

ASX +Security code and description

CANAC : PERFORMANCE RIGHTS

TO (New Class)

ASX +Security code

New class - code to be confirmed

TO (New Class)

+Security description

Restricted LTI Plan shares

TO (New Class) +Security typeTO (New Class) ISIN code

Ordinary fully or partly paid shares/units

Please state the number of options that were exercised or other +convertible securities that were converted 100,000

The first date the options were exercised or other +convertible securities were converted

The last date the options were exercised or other +convertible securities were converted 27/4/2022

Is this all of the options or other +convertible securities on issue of that type?

No

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme?

Yes

Are any of the options being exercised or other +convertible securities being converted held by +key management personnel (KMP) or an +associate?

Yes

Provide details of the KMP or associates who are exercising options or converting convertible securities.

Name of KMP

Name of registered holder

Number of +securities

Jonathan Hartshorn

Same

50,000

Date the +securities the subject of this notification were issued

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

Date the +securities the subject of this notification were issued 27/4/2022

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

Yes

For personal use only

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.

The plan shares are being issued pursuant to the Company's Long Term Incentive Plan, details of which are set out at page 21 of the Company's Notice of AGM dated 22 October 2020 (https://investors.canngrouplimited.com/DownloadFile.axd?file=/Report/ComNews/20201022/02297115.pdf.)

The restricted LTI plan shares are issued as ordinary shares, but are subject to transfer conditions restricting their transfer for a period of two years from their date of issue or until the date that the employee ceases to be employed by the Company.

Ordinary fully or partly paid shares/units Details

+Security currency

AUD - Australian Dollar

Are there CDIs issued over the +securities?

No

Is it a Partly Paid class of +security?

No

Is it a stapled class of +security?

No

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

The restricted LTI plan shares are issued as ordinary shares, but are subject to transfer conditions restricting their transfer for a period of two years from their date of issue or until the date that the employee ceases to be employed by the Company.

Issue details

Number of +securities

100,000

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