Powerhouse Ventures : Appendix 3G - Correction

For personal use only

ASX Release

Powerhouse Ventures Limited

Level 4, Scottish House, 90 William Street, Melbourne VIC 3000, Australia (ASX Code: "PVL")

NZ Company No. 1854396 / ARBN 612 076 169

APPENDIX 3G - CORRECTION

Melbourne, Australia: 23 December 2021

The Company lodged an Appendix 3G on 22 December 2021 which contained an incorrect Expiry Date of the Unquoted Options.

Attached is a corrected version of the document, amending Section 3C.8b of the form. The new document corrects the Expiry Date of the Unquoted Options from 31 December 2021 to 31 December 2023.

Campbell Hedley

Company Secretary, Powerhouse Ventures Limited

---ENDS---

Authorised by the Board of Powerhouse Ventures Limited

About Powerhouse Ventures Limited:

Powerhouse is an investment company seeking to advance emerging intellectual property (principally originating from Australian scientists, engineers and institutions) into globally impactful businesses. The focus sectors are: engineering and clean-tech, information communication technology and digital; medical and healthcare, agritech and environmental.

Powerhouse has an existing active portfolio and strong pipeline of early stage to mature businesses across its focus segments. It has developed a unique network and broad base of skillsets to help its portfolio businesses expand and commercialise.

For personal use only

This appendix is available as an online form

Only use this form if the online version is not available +Rule 3.10.3A, 3.10.3B, 3.10.3C, 3.10.3D

Appendix 3G

Notification of issue, conversion or payment up of

unquoted equity +securities

Note: this form is also used to notify ASX where quoted options have been exercised or other quoted convertible securities have been converted and the securities received as a result of the exercise or conversion either are already quoted on ASX or are not intended to be quoted on ASX.

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

If you are an entity incorporated outside Australia and you are issuing a new class of +securities other than CDIs, you will need to obtain and provide an International Securities Identification Number (ISIN) for that class. Further information on the requirement for the notification of an ISIN is available from the Create Online Forms page. ASX is unable to create the new ISIN for non-Australian issuers.

*Denotes minimum information required for first lodgement of this form, with exceptions provided in specific notes for certain questions. The balance of the information, where applicable, must be provided as soon as reasonably practicable by the entity.

Part 1 - Entity and announcement details

Question	Question	Answer
no
1.1	*Name of entity	Powerhouse Ventures Limited
	We (the entity here named) give notice of the issue,
	conversion or payment up of the following unquoted
	+securities.
1.2	*Registration type and number	ARBN 612 076 169
	Please supply your ABN, ARSN, ARBN, ACN or
	another registration type and number (if you supply
	another registration type, please specify both the type
	of registration and the registration number).
1.3	*ASX issuer code	PVL
1.4	*This announcement is	☐ A new announcement
	Tick whichever is applicable.	☒ An update/amendment to a previous
		announcement
		☐ A cancellation of a previous
		announcement
1.4a	*Reason for update	Correction of Expiry Date of Options in
	Mandatory only if "Update" ticked in Q1.4 above. A	Section 3C.8b
	reason must be provided for an update.
1.4b	*Date of previous announcement to this	22 December 2021
	update
	Mandatory only if "Update" ticked in Q1.4 above.
1.4c	*Reason for cancellation
	Mandatory only if "Cancellation" ticked in Q1.4 above.
1.4d	*Date of previous announcement to this
	cancellation
	Mandatory only if "Cancellation" ticked in Q1.4 above.
1.5	*Date of this announcement	23 December 2021

+ See chapter 19 for defined terms	Page 1
5 June 2021

This appendix is available as an online form	Appendix 3G
	Notification of issue, conversion or
	payment up of unquoted equity +securities

For personal use only

Part 2 - Type of issue

Question Question

No.

2.1 *The +securities the subject of this notification are:

Select whichever item is applicable.

If you wish to notify ASX of different events involving unquoted securities, please complete a separate Appendix 3G for each event.

2.1a *Date the +securities the subject of this notification were issued

Answer this question if your response to Q2.1 is anything other than "Unquoted partly paid securities upon which a call or instalment has been paid".

2.2a.1 *Date of Appendix 3B notifying the market of the proposed issue of +securities the subject of this notification

Answer this question if your response to Q2.1 is "Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX."

Answer

• +Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

• +Securities issued under a +dividend or distribution plan that are not quoted, and are not intended to be quoted, on ASX
• Unquoted options that have been exercised or other unquoted +convertible securities that have been converted
• Quoted options that have been exercised or other quoted +convertible securities that have been converted where the +securities received as a result of the exercise or conversion either are already quoted on ASX or are not intended to be quoted on ASX
• Unquoted partly paid +securities upon which a call or instalment has been paid
• +Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends
• +Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX
• Other [please specify]

If you have selected 'other' please explain the circumstances here:

29 November 2021

+ See chapter 19 for defined terms	Page 2
5 June 2021

For personal use only

This appendix is available as an online form		Appendix 3G
				Notification of issue, conversion or
			payment up of unquoted equity +securities
	2.2a.2	*Are there any further issues of +securities		No
		yet to take place to complete the
		transaction(s) referred to in the
		Appendix 3B?
		Answer this question if your response to Q2.1 is
		"Securities issued as part of a transaction or
		transactions previously announced to the market in
		an Appendix 3B that are not quoted, and are not
		intended to be quoted, on ASX".
	2.2a.2.1	*Please provide details of the further
		issues of +securities yet to take place to
		complete the transaction(s) referred to in
		the Appendix 3B
		Answer this question if your response to Q2.1 is
		"Securities issued as part of a transaction or
		transactions previously announced to the market in
		an Appendix 3B that are not quoted, and are not
		intended to be quoted, on ASX" and your response to
		Q2.2a.2 is "Yes".
		Please provide details of the proposed dates and
		number of securities for the further issues.
	2.2b.1	Date of Appendix 3A.1 lodged with ASX in
		relation to the underlying +dividend or
		distribution
		Answer this question if your response to Q2.1 is
		"Being issued under a dividend or distribution plan
		that are not quoted, and are not intended to be
		quoted, on ASX".
	2.2c.1	Please state the number and type of
		options that were exercised or other
		+convertible securities that were converted
		(including their ASX security code if
		available):
		Answer this question if your response to Q2.1 is
		"Unquoted options that have been exercised or other
		unquoted convertible securities that have been
		converted" or "Quoted options that have been
		exercised or other quoted convertible securities that
		have been converted where the securities received as
		a result of the exercise or conversion either are
		already quoted on ASX or are not intended to be
		quoted on ASX".
	2.2c.2	And the date the options were exercised or
		other +convertible securities were
		converted:
		Answer this question if your response to Q2.1 is
		"Unquoted options that have been exercised or other
		unquoted convertible securities that have been
		converted" or "Quoted options that have been
		exercised or other quoted convertible securities that
		have been converted where the securities received as
		a result of the exercise or conversion either are
		already quoted on ASX or are not intended to be
		quoted on ASX".
		Note: If this occurred over a range of dates, enter the
		date the last of the options was exercised or
		convertible securities was converted.

+ See chapter 19 for defined terms	Page 3
5 June 2021

For personal use only

This appendix is available as an online form		Appendix 3G
				Notification of issue, conversion or
			payment up of unquoted equity +securities
	2.2c.3	Is this all of the options or other		Yes or No
		+convertible securities on issue of that type		Note: If you have answered "No", consider whether you
		(ie have all of those options now been		need to lodge an Appendix 3H with ASX notifying ASX
		exercised or have all of those convertible		of the cessation of some or all of the remaining options
		securities now been converted)?		or other convertible securities under Listing
			Rule 3.10.E. This may the case, for example, if options
		Answer this question if your response to Q2.1 is		have lapsed because they have passed their expiry
		""Unquoted options that have been exercised or other		date without being exercised, or convertible debt
		unquoted convertible securities that have been		securities have been repaid or redeemed without being
		converted" or "Quoted options that have been		converted.
		exercised or other quoted convertible securities that
		have been converted where the securities received as
		a result of the exercise or conversion either are
		already quoted on ASX or are not intended to be
		quoted on ASX".
	2.2c.4	The right of the holder of the options or		☐ An issue of new +securities
		other +convertible securities to receive the		☐ A transfer of existing +securities
		+underlying securities is being satisfied by:
		Answer this question if your response to Q2.1 is		☐ A reclassification of the +convertible
		"Unquoted options that have been exercised or other		securities as securities in the same class
		unquoted convertible securities that have been		as the +underlying securities
		converted" or "Quoted options that have been
		exercised or other quoted convertible securities that
		have been converted where the securities received as
		a result of the exercise or conversion either are
		already quoted on ASX or are not intended to be
		quoted on ASX".
	2.2c.5	The underlying securities being received		☐ Already quoted by ASX
		by the holder are:		☐ Intended to be, but are not yet, quoted
		Answer this question if your response to Q2.1 is
			by ASX
		"Unquoted options that have been exercised or other
			☐ Are not, and are not intended to be,
		unquoted convertible securities that have been
		converted".		quoted by ASX
	2.2c.6	The underlying securities being received		☐ Already quoted by ASX
		by the holder are:		☐ Are not, and are not intended to be,
		Answer this question if your response to Q2.1 is
			quoted by ASX
		"Quoted options that have been exercised or other
		quoted convertible securities that have been
		converted where the securities received as a result of
		the exercise or conversion either are already quoted
		on ASX or are not intended to be quoted on ASX".
	2.2c.7	*Were the options being exercised or other		Yes or No
		+convertible securities being converted
		issued under an +employee incentive
		scheme?
		Answer this question if your response to Q2.1 is
		"Unquoted options that have been exercised or other
		unquoted convertible securities that have been
		converted" or "Quoted options that have been
		exercised or other quoted convertible securities that
		have been converted where the securities received as
		a result of the exercise or conversion either are
		already quoted on ASX or are not intended to be
		quoted on ASX".

+ See chapter 19 for defined terms	Page 4
5 June 2021