Lotus Resources : Update - Application for quotation of securities - LOT

Application for quotation of +securities

Update Summary

Entity name

For personal use only

LOTUS RESOURCES LIMITED

Announcement Type

Update to previous announcement

Date of this announcement Tuesday April 05, 2022

Reason for the update

To correct the number of LOTAG options that were exercised or converted

Refer to next page for full details of the announcement

Application for quotation of +securities

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

1.1 Name of entity

For personal use only

LOTUS RESOURCES 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 LOT

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcementRegistration number 119992175

To correct the number of LOTAG options that were exercised or converted

1.4b Date of previous announcement to this update 12/11/2021

1.5 Date of this announcement 5/4/2022

Application for quotation of +securities

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Application for quotation of +securities

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

For personal use only

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

2.2 The +securities to be quoted are:

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

Application for quotation of +securities

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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

Existing +securities converting into additional +securities in an existing class

FROM (Existing Class)

ASX +security code and description

LOTAG : OPTION EXPIRING 12-SEP-2022 EX 4C

TO (Existing Class)

ASX +security code and description

LOT : ORDINARY FULLY PAID

Please state the number of options	The first date the options were	The last date the options were
that were exercised or other	exercised or other +convertible	exercised or other +convertible
+convertible securities that were	securities were converted	securities were converted
converted
26/10/2021	26/10/2021
44,643

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)?

No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by:

An issue of new +securities

The underlying securities being received by the holder are:Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme?

No

Issue date 29/10/2021

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

Yes

Application for quotation of +securities

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Application for quotation of +securities

Issue details

Number of +securities to be quoted

44,643

For personal use only

Are the +securities being issued for a cash consideration?

Yes

In what currency is the cash consideration being paid?

What is the issue price per +security?

AUD - Australian Dollar

AUD 0.04000000

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

Existing +securities converting into additional +securities in an existing class

FROM (Existing Class)

ASX +security code and description

LOTAJ : OPTION EXPIRING 13-MAR-2023 EX 4C

TO (Existing Class)

ASX +security code and description LOT : ORDINARY FULLY PAID

Please state the number of options	The first date the options were	The last date the options were
that were exercised or other	exercised or other +convertible	exercised or other +convertible
+convertible securities that were	securities were converted	securities were converted
converted
26/10/2021	26/10/2021
80,357

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)?

No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by:

An issue of new +securities

The underlying securities being received by the holder are:Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme?

No

Application for quotation of +securities

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