Announcement PDF Proposed issue of securities Announcement Summary Entity name FUTURE BATTERY MINERALS LIMITED Announcement Type New announcement Date of this announcement 7/8/2023 The Proposed issue is: A placement or other type of issue Total number of +securities proposed to be issued for a placement or other type of issue Maximum Number of +securities to be issued ASX +security code +Security description New class-code to be confirmed Performance Rights 26,933,725 FBM ORDINARY FULLY PAID 26,933,725 Proposed +issue date 11/8/2023 Refer to next page for full details of the announcement Proposed issue of securities 1/6 Proposed issue of securities Part 1 - Entity and announcement details 1.1 Name of +Entity FUTURE BATTERY MINERALS 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 91148966545 1.3 ASX issuer code FBM 1.4 The announcement is New announcement 1.5 Date of this announcement 7/8/2023 1.6 The Proposed issue is: A placement or other type of issue Proposed issue of securities 2/6 Proposed issue of securities Part 7 - Details of proposed placement or other issue 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? No Part 7B - Issue details Is the proposed 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)? Existing class Will the proposed issue of this +security include an offer of attaching +securities? No Details of +securities proposed to be issued ASX +security code and description FBM : ORDINARY FULLY PAID Number of +securities proposed to be issued 26,933,725 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 Fully paid ordinary shares to be issued as consideration under the Sale Agreement Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 3,000,000.000000 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 3/6 Proposed issue of securities Is the proposed 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 Will the proposed issue of this +security include an offer of attaching +securities? No Details of +securities proposed to be issued ISIN Code (if Issuer is a foreign company and +securities are non CDIs) Have you received confirmation from Will the entity be seeking quotation ASX that the terms of the proposed of the 'new' class of +securities on +securities are appropriate and ASX? Yes equitable under listing rule 6.1? No ASX +security code +Security description New class-code to be confirmed Performance Rights +Security type Performance options/rights Number of +securities proposed to be issued 26,933,725 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 Performance Rights to be issued as consideration under the Sale Agreement Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 2,962,708.000000 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Proposed issue of securities 4/6 Proposed issue of securities Performance options/rights details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.0000 11/8/2028 Details of the type of +security that will be issued if the option is exercised FBM : ORDINARY FULLY PAID Number of securities that will be issued if the option is exercised One fully paid ordinary share per performance right 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. The terms of the Performance Rights are set out int he Company's ASX announcement dated 7 August 2023. Part 7C - Timetable 7C.1 Proposed +issue date 11/8/2023 Part 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? No 7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes 7D.1b ( i ) How many +securities are proposed to be issued without security holder approval using the entity's 15% placement capacity under listing rule 7.1? 26,933,725 Ordinary Shares and 26,933,725 Performance Rights 7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No 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 5/6 Proposed issue of securities 7D.4a Please enter the number and +class of the +securities subject to +voluntary escrow and the date from which they will cease to be subject to +voluntary escrow 8,977,908 of Ordinary Shares (Consideration Shares) are subject to voluntary escrow until 11 January 2024 8,977,908 of Ordinary Shares (Consideration Shares) are subject to voluntary escrow until 11 August 2024 Part 7E - Fees and expenses 7E.1 Will there be a lead manager or broker to the proposed issue? No 7E.2 Is the proposed issue to be underwritten? No 7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue Nil Part 7F - Further Information 7F.01 The purpose(s) for which the entity is issuing the securities Consideration under the Sale Agreement 7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No 7F.2 Any other information the entity wishes to provide about the proposed issue 7F.3 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f) Proposed issue of securities 6/6