Caspin Resources : Notification regarding unquoted securities - CPN

For personal use only

Entity name

CASPIN RESOURCES LIMITED

Date of this announcement

Friday January 28, 2022

The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

Refer to next page for full details of the announcement

For personal use only

1.1 Name of entity

CASPIN RESOURCES LIMITED

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

1. The announcement is New announcement
2. Date of this announcement

28/1/2022

For personal use only

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

does not have an existing ASX security code ("new class")

For personal use only

Date the +securities the subject of this notification were issued

28/1/2022

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

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

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

Refer to ASX announcement dated 28 January 2022 for details of performance rights and vesting conditions issued to CEO, Gregory Miles & other employees; and

Copy of Employee Incentive Plan lodged 23 November 2020: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02312222-6A1008442?access_token=83ff96335c2d45a094df02a206a39ff4

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

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02312222-6A1008442?access_token=8 3ff96335c2d45a094df02a206a39ff4

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

The Performance Rights issued to the CEO and other employees are subject to vesting conditions. The Performance Rights will vest subject to a timeframe vesting condition and/or share a price vesting condition being achieved.