Announcement PDF Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Announcement Summary Entity name KINGSTON RESOURCES LIMITED Date of this announcement Tuesday November 28, 2023 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 ASX +security code Security description Total number of +securities to be issued/transferred Issue date 699,313 28/11/2023 New class - code to be confirmed FY23 Unlisted Service Fee Options New class - code to be confirmed Long Term Incentive Options (KSNLTUO13), expiring 31 August 2029 6,700,843 28/11/2023 New class - code to be confirmed Short Term Incentive Performance Options (KSNSTPO1) 3,145,092 28/11/2023 New class - code to be confirmed FY24 Unlisted Service Fee Options 874,576 28/11/2023 Refer to next page for full details of the announcement Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 1 / 11 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 1 - Entity and announcement details 1.1 Name of entity KINGSTON RESOURCES LIMITED 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 44009148529 1.3 ASX issuer code KSN 1.4 The announcement is New announcement 1.5 Date of this announcement 28/11/2023 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 2 / 11 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 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 Equity Securities 3 / 11 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 ASX +security code +Security description New class - code to be confirmed FY23 Unlisted Service Fee Options +Security type ISIN code Options Date the +securities the subject of this notification were issued 28/11/2023 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 Provide details of the KMP or +associates being issued +securities. Name of KMP Name of registered holder Number of +securities Mick Wilkes Eligius Holdings Pty Ltd 389,413 Anthony Wehby Rosemary Wehby 154,950 Stuart Rechner Osmium Holdings Pty Ltd 154,950 Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. A summary of the FY23 Options is included in the 2023 Notice of Annual General Meeting. A copy of this document is available on the KSN website: https://kingstonresources.com.au/wp-content/uploads/2023/10/2625635.pdf Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.00000000 28/11/2026 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 4 / 11 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description Each Option converts into 1 Fully Paid Ordinary Share (KSN:ASX) 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 A summary of the LTI Employee Securities plan is included in the 2021 Notice of Annual General Meeting. A copy of this document is available on the KSN website: https://kingstonresources.com.au/wp-content/uploads/2021/10/2287496.pdf Any other information the entity wishes to provide about the +securities the subject of this notification Securities issued under ASX Listing Rule 7.2 exception 14. Issue details Number of +securities 699,313 ASX +security code +Security description New class - code to be confirmed Long Term Incentive Options (KSNLTUO13), expiring 31 August 2029 +Security type ISIN code Options Date the +securities the subject of this notification were issued 28/11/2023 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 Provide details of the KMP or +associates being issued +securities. Name of KMP Name of registered holder Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 5 / 11 Number of +securities Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Andrew Corbett Milamar Group Pty Ltd 2,306,182 Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. A summary of the LTI Incentive Options is included in the 2023 Notice of Annual General Meeting. A copy of this document is available on the KSN website: https://kingstonresources.com.au/wp-content/uploads/2023/10/2625635.pdf Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.00000000 31/8/2029 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description Each Option converts into 1 Fully Paid Ordinary Share (KSN:ASX) 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 A summary of the LTI Employee Securities plan is included in the 2021 Notice of Annual General Meeting. A copy of this document is available on the KSN website: https://kingstonresources.com.au/wp-content/uploads/2021/10/2287496.pdf Any other information the entity wishes to provide about the +securities the subject of this notification 4,394,661 securities issued under ASX Listing Rule 7.2 exception 13, 2,306,182 securities issued under ASX Listing Rule 7.2 exception 14. Issue details Number of +securities 6,700,843 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 6 / 11 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities ASX +security code +Security description New class - code to be confirmed Short Term Incentive Performance Options (KSNSTPO1) +Security type ISIN code Options Date the +securities the subject of this notification were issued 28/11/2023 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 Provide details of the KMP or +associates being issued +securities. Name of KMP Name of registered holder Number of +securities Andrew Corbett Milamar Group Pty Ltd 922,473 Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. A summary of the STI Performance Options is included in the 2023 Notice of Annual General Meeting. A copy of this document is available on the KSN website: https://kingstonresources.com.au/wp-content/uploads/2023/10/2625635.pdf Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.00000000 31/8/2027 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description Each Option converts into 1 Fully Paid Ordinary Share (KSN:ASX) 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 A summary of the LTI Employee Securities plan is included in the 2021 Notice of Annual General Meeting. A copy of this document is available on the KSN website: https://kingstonresources.com.au/wp-content/uploads/2021/10/2287496.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 7 / 11 Equity Securities Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Any other information the entity wishes to provide about the +securities the subject of this notification 2,222,619 securities issued under ASX Listing Rule 7.2 exception 13, 922,473 securities issued under ASX Listing Rule 7.2 exception 14. Issue details Number of +securities 3,145,092 ASX +security code +Security description New class - code to be confirmed FY24 Unlisted Service Fee Options +Security type ISIN code Options Date the +securities the subject of this notification were issued 28/11/2023 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 Provide details of the KMP or +associates being issued +securities. Name of KMP Name of registered holder Number of +securities Mick Wilkes Eligius Holdings Pty Ltd 489,206 Anthony Wehby Rosemary Wehby 192,685 Stuart Rechner Osmium Holdings Pty Ltd 192,685 Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 8 / 11 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. A summary of the FY24 Options is included in the 2023 Notice of Annual General Meeting. A copy of this document is available on the KSN website: https://kingstonresources.com.au/wp-content/uploads/2023/10/2625635.pdf Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.00000000 28/11/2026 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description Each Option converts into 1 Fully Paid Ordinary Share (KSN:ASX) 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 A summary of the LTI Employee Securities plan is included in the 2021 Notice of Annual General Meeting. A copy of this document is available on the KSN website: https://kingstonresources.com.au/wp-content/uploads/2021/10/2287496.pdf Any other information the entity wishes to provide about the +securities the subject of this notification Securities issued under ASX Listing Rule 7.2 exception 14. Issue details Number of +securities 874,576 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 9 / 11 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 4 - +Securities on issue Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise: (A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.) 4.1 Quoted +Securities (Total number of each +class of +securities quoted) Total number of +securities on issue ASX +security code and description KSN : ORDINARY FULLY PAID 497,961,834 4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX) Total number of +securities on issue ASX +security code and description KSNAAA : WARRANTS EXPIRING 07-JUL-2027 EX $0.20 25,000,000 KSNAK : OPTION EXPIRING 31-AUG-2024 EX NIL 2,343,015 KSNAAB : OPTION EXPIRING 31-JUL-2025 EX $0.14 38,010,210 KSNAAC : WARRANTS EXPIRING 29-JUN-2028 EX $0.14 35,714,286 KSNAS : OPTIONS EXPIRING 31-AUG-2028 EX NIL 5,208,669 New class - code to be confirmed : FY23 Unlisted Service Fee Options 699,313 New class - code to be confirmed : Long Term Incentive Options (KSNLTUO13), expiring 31 August 2029 6,700,843 New class - code to be confirmed : Short Term Incentive Performance Options (KSNSTPO1) 3,145,092 New class - code to be confirmed : FY24 Unlisted Service Fee Options Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 10 / 11 874,576 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 5 - Other Listing Rule requirements 5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes 5.1a Select the number of the applicable exception in Listing Rule 7.2 14 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 11 / 11