Xero : Application for quotation of securities - XRO

Application for quotation of +securitiesAnnouncement Summary

Entity name

For personal use only

XERO LIMITED

Announcement Type

New announcement

Date of this announcement

Friday April 29, 2022

The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

Total number of +securities to be quoted

ASX +security

Number of +securities to
code	Security description	Issue date
XRO	ORDINARY FULLY PAID	96	27/04/2022

be quoted

Refer to next page for full details of the announcementApplication for quotation of +securities

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Application for quotation of +securitiesPart 1 - Entity and announcement details

For personal use only

1.1 Name of entity XERO LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type ARBN

1.3 ASX issuer code XRO

1.4 The announcement isNew announcement

1.5 Date of this announcement 29/4/2022

Registration number 160661183

Application for quotation of +securities

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Application for quotation of +securities

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

For personal use only

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

2.2 The +securities to be quoted are:

Additional +securities in a class that is already quoted on ASX ("existing class")

Application for quotation of +securities

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Application for quotation of +securities

Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an Appendix 3B

For personal use only

Existing +securities converting into additional +securities in an existing class

FROM (Existing Class)

ASX +security code and description

XROAK : RESTRICTED STOCK UNIT

TO (Existing Class)

ASX +security code and description

XRO : ORDINARY FULLY PAID

Please state the number of options	The first date the options were	The last date the options were
that were exercised or other	exercised or other +convertible	exercised or other +convertible
+convertible securities that were	securities were converted	securities were converted
converted
27/4/2022	27/4/2022
96

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)?

No

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

An issue of new +securities

The underlying securities being received by the holder are:Intended to be, but are not yet, quoted by ASX

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?

No

Issue date 27/4/2022

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

Yes

Application for quotation of +securities

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Application for quotation of +securities

Issue details

Number of +securities to be quoted

For personal use only

73

Are the +securities being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Shares issued on conversion of restricted stock units granted under an employee incentive scheme (for terms of the scheme see Xero¿s FY21 Annual Report accessible at Xero's website)

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 94.370000

Any other information the entity wishes to provide about the +securities to be quoted

Number of +securities to be quoted 23

Are the +securities being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Shares issued on conversion of restricted stock units granted under an employee incentive scheme (for terms of the scheme see Xero¿s FY21 Annual Report accessible at Xero's website)

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 94.340000

Any other information the entity wishes to provide about the +securities to be quoted

Application for quotation of +securities

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