Australian Potash : Application for quotation of securities - APC

Application for quotation of +securitiesAnnouncement Summary

Entity name

For personal use only

AUSTRALIAN POTASH LIMITED

Announcement Type

New announcement

Date of this announcement

Thursday April 21, 2022

The +securities to be quoted are:Other

Total number of +securities to be quotedASX +security

code	Security description	Issue date
APC	ORDINARY FULLY PAID	2,500,000	20/04/2022

Number of +securities to be quoted

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

1 / 6

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

For personal use only

1.1 Name of entity AUSTRALIAN POTASH 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 ACN

1.3 ASX issuer code APC

1.4 The announcement isNew announcement

1.5 Date of this announcement 21/4/2022

Registration number 149390394

Application for quotation of +securities

2 / 6

Application for quotation of +securities

Part 2 - Type of Issue

• 2.1 The +securities to be quoted are:

  Other

  For personal use only

• 2.2 The +securities to be quoted are:

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

• 2.3c Have these +securities been offered under a +disclosure document or +PDS?

  No

• 2.3d Please provide any further information needed to understand the circumstances in which you are applying to have these +securities quoted on ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

Securities issued in settlement of 2011 tenement sale agreement milestone consideration clause.

2.4 Any on-sale of the +securities to be quoted within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of:

Not applicable - the entity has arrangements in place with the holder that ensure the securities cannot be on-sold within 12 months in a manner that would breach section 707(3) or 1012C(6)

Application for quotation of +securities

3 / 6

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

Additional +securities to be quoted in an existing class

ASX +security code and description

APC : ORDINARY FULLY PAID

Issue date 20/4/2022

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

Yes

Issue details

Number of +securities to be quoted

2,500,000

Are the +securities being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Nil cash consideration. Securities issued in settlement of 2011 tenement sale agreement milestone consideration clause.

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

0.090000

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

Value of consideration based on current market price.

The purpose(s) for which the entity is issuing the securities

Other

Please provide additional details

Securities issued in settlement of 2011 tenement sale agreement milestone consideration clause.

Application for quotation of +securities

4 / 6

Application for quotation of +securitiesPart 4 - Issued capital following quotation

For personal use only

Following the quotation of the +securities the subject of this application, the issued capital 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 on ASX following the +quotation of the +securities subject of this application)

ASX +security code and description

APC : ORDINARY FULLY PAID

Total number of

+securities on issue

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)ASX +security code and description

808,382,808

Total number of

+securities on issue

APCAC : PERFORMANCE RIGHTS 7,657,910

APCAE : OPTION EXPIRING 29-JUL-2023 EX $0.175 1,500,000

Application for quotation of +securities

5 / 6