Hannans : Updated Capital Structure

6 December 2021

ASX Announcement

Updated Capital Structure

Hannans Ltd (ASX: HNR) (Hannans or the Company) advises that following the issue of unlisted options approved by Shareholders at the 2021 AGM the Company's updated capital structure is as follows:

Description	No of securities
Ordinary Fully Paid Shares listed on ASX	2,606,271,476
Unlisted Options exercisable at 1.5 cents on or before 27 October 2022	28,000,000
Unlisted Options exercisable at 1.5 cents on or before 27 October 2022	3,500,000
Unlisted Options exercisable at 2.2 cents on or before 30 October 2022	20,000,000
Unlisted Options exercisable at 2.7 cents on or before 30 October 2022	25,000,000
Unlisted Options exercisable at 6.11 cents on or before 25 November 2025	55,000,000
Unlisted Options exercisable on or before 25 November 2025 at the VWAP^	55,000,000
for the five (5) trading days before and five (5) trading days after
26 November 2022 PLUS a premium of 50%
Unlisted Options exercisable on or before 25 November 2025 at the VWAP^	55,000,000
for the five (5) trading days before and five (5) trading days after
26 November 2023 PLUS a premium of 50%

1 Exercise price calculated from the VWAP^ for the five (5) trading days before and five (5) trading days after 26 November 2021 PLUS a premium of 50%.

• VWAP = Volume Weights Average Price

An Appendix 3G will be lodged with ASX in relation to the issue of unlisted options.

This ASX announcement has been authorised for release by Damian Hicks, Executive Director.

For further information, please contact:
Damian Hicks	Ian Gregory
Executive Director	Company Secretary
E: [e-mail]	E: [e-mail]

www.hannans.com	@Hannans_Ltd	Hannans_Ltd	[e-mail]	[phone]
Level 12, 197 St Georges Terrace, Perth, Western Australia		ASX: HNR	ABN: 52 099 862 129