Update - Proposed issue of securities - SHO

Proposed issue of securities

Update Summary

For personal use only

Entity name

SPORTSHERO LIMITED

Announcement Type

Update to previous announcement

Date of this announcement

12/11/2021

Reason for update to a previous announcement

Shareholder approval for the issue was obtained onn10 November 2021

Refer to next page for full details of the announcement

Proposed issue of securities

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Proposed issue of securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of +Entity

SPORTSHERO LIMITED

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

1.2	Registered Number Type	Registration Number
ABN	98123423987
1.3	ASX issuer code
SHO

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Shareholder approval for the issue was obtained onn10 November 2021

1.4b Date of previous announcement to this update

21/4/2021

1.5 Date of this announcement

12/11/2021

1.6 The Proposed issue is:

A placement or other type of issue

Proposed issue of securities

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Proposed issue of securities

Part 7 - Details of proposed placement or other issue

only
	Part 7A - Conditions
		7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other
		type of issue can proceed on an unconditional basis?
use		No
	Part 7B - Issue details
			Is the proposed security a 'New	Will the proposed issue of this
			class' (+securities in a class that is	+security include an offer of
			not yet quoted or recorded by ASX)	attaching +securities?
personal		or an 'Existing class' (additional	Yes
	securities in a class that is already
	consideration?
			quoted or recorded by ASX)?
			Existing class
	Details of +securities proposed to be issued
			ASX +security code and description
			SHO : ORDINARY FULLY PAID
			Number of +securities proposed to be issued
		2,000,000
			Offer price details
			Are the +securities proposed to be issued being issued for a cash
For		No
	Please describe the consideration being provided for the +securities
			The securities are being issued in part consideration for work to be undertaken towards the development of an artificial
			intelligence live esports predictor
			Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
		0.035000
			Will these +securities rank equally in all respects from their issue date with
			the existing issued +securities in that class?
			Yes

Proposed issue of securities

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Proposed issue of securities

Attaching +Security
only	Is the proposed attaching security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX)
or an 'Existing class' (additional +securities in a class that is already quoted or recorded by ASX)?
		New class
Attaching +Security - New class (+securities in a class that is not yet quoted or recorded by ASX)
use		Details of attaching +securities proposed to be issued
	ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
		Have you received confirmation from ASX that the terms		Will the entity be seeking quotation of the 'new' class o
		of the proposed +securities are appropriate and		+securities on ASX?
		equitable under listing rule 6.1?		No
		No
personal		ASX +security code		+Security description
	New class-code to be confirmed		1m $0.05 30/4/23 options; 1m $0.10 31/5/23 options; 1m
				$0.20 30/6/23 options
		+Security type
		Options
		Number of +securities proposed to be issued
	3,000,000
		Offer price details
		Are the +securities proposed to be issued being issued for a cash consideration?
		No
		Please describe the consideration being provided for the +securities
For		The securities are being issued in part consideration for work to be undertaken towards the development of an artificial
	intelligence live esports predictor
	Yes
		Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
	0.015000

Will all the +securities issued in this class rank equally in all respects from their issue date?

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Proposed issue of securities

Options details

+Security currency AUD - Australian Dollar

only		Exercise price	Expiry date
	AUD 0.0500	30/4/2023
			Details of the type of +security that will be issued if the option is exercised
			SHOAJ : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES
			Number of securities that will be issued if the option is exercised
			One fully paid ordinary share (ASX: SHO)
use
	Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities
			proposed to be issued or provide the information by separate announcement.
			3,000,000 options to be issued, comprising 1m $0.05 options expiring 30/4/23, 1m $0.10 options expiring 31 May 2023,
			1m $0.20 options expiring 30/6/23
personal
	P rt 7C - Timetable
		7C.1 Proposed +issue date
		12/11/2021
	Pa t 7D - Listing Rule requirements
		7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1?
			Yes
		7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1
For	10/11/2021
7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue?
	No
7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules?

No

7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? Yes

7D.4a Please enter the number and +class of the +securities subject to +voluntary escrow and the date from which

Proposed issue of securities

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