Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Announcement Summary

For personal use only

Entity name

SWICK MINING SERVICES LTD

Date of this announcement

Wednesday November 10, 2021

The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

Total number of

ASX +security

+securities to be

code

Security description

issued/transferred

Issue date

New class - code

Performance rights

1,922,672

10/11/2021

to be confirmed

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of entity

SWICK MINING SERVICES LTD

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2

Registered number type

Registration number

ABN

20112917905

1.3

ASX issuer code

SWK

  1. The announcement is New announcement
  2. Date of this announcement

10/11/2021

Notification of Issue, Conversion or Payment up of Unquoted

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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:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

For personal use only

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")

Notification of Issue, Conversion or Payment up of Unquoted

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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

use only

ASX +security code

+Security description

New class - code to be confirmed

Performance rights

+Security type

ISIN code

Other

Date the +securities the subject of this notification were issued

10/11/2021

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

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

personal

Provide details of the KMP or +associates being issued +securities.

Name of KMP

Name of registered holder

Kent Swick

Kent Swick

Jitu Bhudia

Jitu Bhudia

Number of +securities

988,369

638,126

For

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

Performance rights which vest on 30 June 2022 (being two years after the commencement of the measurement period) provided the holder is an employee of the Company as at the vesting date and the Company¿s VWAP share price in the 60 days up to 30 June 2022 is at or above a target share price of 30 cents per share. Refer to notice of meeting at: https:/ /www.asx.com.au/asxpdf/20211004/pdf/45181n1npw8qv4.pdf.

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

The performance rights are being issued pursuant to the Swick Performance Rights Plan last approved by shareholders

on 14 November 2014. Refer to notice of meeting at:https://www.asx.com.au/asxpdf/20141009/pdf/42sscsmtdmb64t.pdf

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

Notification of Issue, Conversion or Payment up of Unquoted

4 / 7

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Issue details

Number of +securities

1,922,672

For personal use only

Notification of Issue, Conversion or Payment up of Unquoted

5 / 7

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Disclaimer

Swick Mining Services Ltd. published this content on 10 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2021 04:54:03 UTC.