3,693,750 Options of Butn Limited are subject to a Lock-Up Agreement Ending on 6-JUL-2023. These Options will be under lockup for 734 days starting from 2-JUL-2021 to 6-JUL-2023.

Details:
81,661,110 ordinary shares classified by ASX as restricted securities and to be held in escrow until July 6, 2023, being 24 months from the date of commencement of Official Quotation.

11,818,640 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until November 10, 2021, being 12 months from the date of issue.

1,520,250 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until July 6, 2022, being 12 months from quotation.

3,693,750 options exercisable at AUD 0.50 expiring on various dates, classified by ASX as restricted securities and to be held in escrow until July 6, 2023, being 24 months from the date of commencement of Official Quotation.

Butn Limited advises pursuant to ASX Listing Rule 3.10A that 1,520,250 Ordinary Shares will be released from ASX imposed escrow on 6th July 2022.