Announcement PDF Proposed issue of securities Announcement Summary Entity name RAREX LIMITED Announcement Type New announcement Date of this announcement Thursday March 5, 2020 The Proposed issue is: A placement or other type of issue Total number of +securities proposed to be issued for a placement or other type of issue ASX +Security Code +Security Description Maximum Number of +securities to be issued REE ORDINARY FULLY PAID 312,500 REEAE OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES 1,250,000 Proposed +issue date Friday March 6, 2020 Refer to next page for full details of the announcement Proposed issue of securities 1/6 Proposed issue of securities Part 1 - Entity and announcement details 1.1 Name of +Entity RAREX LIMITED We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules. 1.2 Registered Number Type Registration Number ABN 65105578756 1.3 ASX issuer code REE 1.4 The announcement is New announcement 1.5 Date of this announcement Thursday March 5, 2020 1.6 The Proposed issue is: A placement or other type of issue Proposed issue of securities 2/6 Proposed issue of securities Part 7 - Details of proposed placement or other issue Part 7A - Conditions 7A.1 - Are any of the following approvals required for the placement or other type of issue? +Security holder approval Court approval Lodgement of court order with +ASIC ACCC approval FIRB approval Another approval/condition external to the entity No Part 7B - Issue details Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Existing class Will the proposed issue of this +security include an offer of attaching +securities? No Details of +securities proposed to be issued ASX +Security Code and Description REE : ORDINARY FULLY PAID Maximum Number of +securities proposed to be issued 312,500 Purpose of the issue Part consideration for consultancy services Offer price details for retail security holders In what currency is the cash consideration being paid? What is the issue price per +security? Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Proposed issue of securities 3/6 Proposed issue of securities Oversubscription & Scale back details May a scale back be applied to this event? No Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Existing class Will the proposed issue of this +security include an offer of attaching +securities? No Details of +securities proposed to be issued ASX +Security Code and Description REEAE : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES Maximum Number of +securities proposed to be issued 1,250,000 Purpose of the issue Part consideration for consultancy services Offer price details for retail security holders In what currency is the cash consideration being paid? What is the issue price per +security? Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? No Oversubscription & Scale back details May a scale back be applied to this event? No If some of the issued +securities do not rank equally Is the actual date from which the +securities will rank equally (non-ranking end date) known? No Provide the estimated non-ranking end period Upon conversion into shares Proposed issue of securities 4/6 Proposed issue of securities Please state the extent to which the +securities do not rank equally: In relation to the next dividend, distribution or interest payment; or For any other reason The securities do not rank at all until conversion Part 7C - Timetable 7C.1 Proposed +issue date Friday March 6, 2020 Part 7D - Listing Rule requirements 7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? No 7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes 7D.1b ( i ) How many +securities are proposed to be issued without security holder approval using the entity's 15% placement capacity under listing rule 7.1? 312,500 shares 1,250,000 options 7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No 7D.2 Is a party referred to in listing rule 10.11.1 participating in the proposed issue? No 7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No 7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? No Part 7E - Fees and expenses 7E.1 Will there be a lead manager or broker to the proposed issue? No 7E.2 Is the proposed issue to be underwritten? No Proposed issue of securities 5/6 Proposed issue of securities 7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue Part 7F - Further Information 7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No 7F.2 Any other information the entity wishes to provide about the proposed issue Unquoted options are exercisable at $0.085 each and expire 11 October 2022 Proposed issue of securities 6/6