Announcement PDF Proposed issue of securities Announcement Summary Entity name WRKR LTD Announcement Type New announcement Date of this announcement 27/9/2022 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 Convertible notes - Convertible equity security Proposed +issue date 28/11/2022 Refer to next page for full details of the announcement Proposed issue of securities 1/5 500,000 Proposed issue of securities Part 1 - Entity and announcement details 1.1 Name of +Entity WRKR LTD 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 50611202414 1.3 ASX issuer code WRK 1.4 The announcement is New announcement 1.5 Date of this announcement 27/9/2022 1.6 The Proposed issue is: A placement or other type of issue Proposed issue of securities 2/5 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? Yes 7A.1a Conditions Approval/Condition Date for determination +Security holder approval 24/11/2022 Is the date estimated or actual? Actual ** Approval received/condition met? No Comments Tranche 2 of the Convertible Note placement is conditional on shareholder approval under ASX Listing Rule 10.11. 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)? 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? No equitable under listing rule 6.1? Yes ASX +security code +Security description New class-code to be confirmed Convertible notes - Convertible equity security +Security type Other Proposed issue of securities 3/5 Proposed issue of securities Number of +securities proposed to be issued 500,000 Offer price details Are the +securities proposed to be issued 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 1.00000 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes 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 summary of the Convertible Note Terms is attached to the ASX Announcement dated the date of this form (27 September 2022). There are two tranches of Convertible Notes (being the same class of security). This Appendix 3B concerns Tranche 2 (500,000 notes) and a separate Appendix 3B (dated today) covered Tranche 1 (2,800,000 notes). Part 7C - Timetable 7C.1 Proposed +issue date 28/11/2022 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? No 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? Yes 7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? Proposed issue of securities 4/5 Proposed issue of securities 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? No 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 Legal fees Part 7F - Further Information 7F.01 The purpose(s) for which the entity is issuing the securities As described in WRKs ASX Announcement dated the date of this form (ie 27 September 2022) 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 There are two tranches of Convertible Notes (being the same class of security). This Appendix 3B concerns Tranche 2 (500,000 notes) and a separate Appendix 3B (dated today) covers Tranche 1 (2,800,000 notes). Proposed issue of securities 5/5