Vita Life Sciences : Notification regarding unquoted securities - VLS

Notification of Issue, Conversion or Payment up of Unquoted Equity SecuritiesAnnouncement Summary

Entity name

For personal use only

VITA LIFE SCIENCES LIMITED..

Date of this announcement Friday April 01, 2022

The +securities the subject of this notification are:

+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

Total number of +securities to be issued/transferred

Total number of

ASX +security	+securities to be
code	Security description	issued/transferred	Issue date
VLSAC	PERFORMANCE SHARES	725,000	01/04/2022

Refer to next page for full details of the announcementNotification of Issue, Conversion or Payment up of Unquoted Equity Securities

1 / 7

Notification of Issue, Conversion or Payment up of Unquoted Equity SecuritiesPart 1 - Entity and announcement details

For personal use only

1.1 Name of entity

VITA LIFE SCIENCES LIMITED..

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type ABN

1.3 ASX issuer code VLS

1.4 The announcement isNew announcement

1.5 Date of this announcement 1/4/2022

Registration number 35003190421

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

2 / 7

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

For personal use only

+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

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:has an existing ASX security code ("existing class")

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

3 / 7

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B

For personal use only

Additional +securities in an existing class issued under an +employee incentive scheme

ASX +security code and description

VLSAC : PERFORMANCE SHARES

Date the +securities the subject of this notification were issued 1/4/2022

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class

Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate?

Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP

Name of registered holder

Number of +securities

Shaun Rutherford

Shaun Rutherford 175,000

Kheng S Beh

Kheng S Beh 175,000

Chin L Khoo

Chin L Khoo 175,000

June Lau

June Lau 100,000

Melissa Pereira

Melissa Pereira 100,000

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

These shares are subject to meeting a performance hurdle of a cumulative EBIT for 2 years ending; FY Dec 2022 and FY Dec 2023 of not less than $22,000,000. These shares are exercisable at $1.89/share and expires on 30 Jun 2024.

Any other information the entity wishes to provide about the +securities the subject of this notification

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

4 / 7

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Issue details

Number of +securities

725,000

For personal use only

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

5 / 7