1,344,800 Options of Kaiser Reef Limited are subject to a Lock-Up Agreement Ending on 28-JAN-2023. These Options will be under lockup for 733 days starting from 25-JAN-2021 to 28-JAN-2023.

Details:
11,440,523 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until 28 January 2023, being 24 months from the date of reinstatement of trading in KAU's securities.

6,650,000 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until 28 February 2022.

1,344,800 options exercisable at $0.50 on or before 20 January 2024 classified by ASX as restricted securities and to be held in escrow until 28 January 2023, being 24 months from the date of reinstatement of trading in KAU's securities.

4,250,000 options exercisable at $0.30 each on or before 31 January 2023 classified by ASX as restricted securities and to be held in escrow 28 February 2022.

4,500,000 options exercisable at $0.40 each on or before 31 January 2024 classified by ASX as restricted securities and to be held in escrow 28 February 2022.

1,750,000 options exercisable at $0.30 each on or before 21 February 2023 classified by ASX as restricted securities and to be held in escrow 28 February 2022.