Announcement PDF Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Announcement Summary Entity name RACE ONCOLOGY LTD Date of this announcement Monday August 15, 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 ASX +security code Security description Total number of +securities to be issued/transferred Issue date New class - code to be confirmed Unlisted employee options 132,000 15/08/2022 New class - code to be confirmed Unlisted employee options 111,000 15/08/2022 Refer to next page for full details of the announcement Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 1/8 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 1 - Entity and announcement details 1.1 Name of entity RACE ONCOLOGY LTD We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities. 1.2 Registered number type Registration number ABN 61149318749 1.3 ASX issuer code RAC 1.4 The announcement is New announcement 1.5 Date of this announcement 15/8/2022 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 2/8 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: +Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX 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") Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 3/8 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B ASX +security code +Security description New class - code to be confirmed Unlisted employee options +Security type ISIN code Options Date the +securities the subject of this notification were issued 15/8/2022 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? No Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. The exercise price of the options $2.46. 44,000 options vest on 22/6/2023 (First Vesting Date). Commencing 1 month after the First Vesting Date, 5,500 options will vest on each monthly anniversary of the First Vesting date thereafter, for a 23 month period, with the balance of the remaining options vesting on the date which is 24 months from the First Vesting Date. The options expire on 22/6/2027. Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 2.46000000 22/6/2027 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description Fully paid ordinary shares 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://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02439109 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 4/8 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Any other information the entity wishes to provide about the +securities the subject of this notification N/A Issue details Number of +securities 132,000 ASX +security code +Security description New class - code to be confirmed Unlisted employee options +Security type ISIN code Options Date the +securities the subject of this notification were issued 15/8/2022 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? No Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. The exercise price of the options $3.17. 37,000 options vest on 15/8/2023 (First Vesting Date). Commencing 1 month after the First Vesting Date, 1/24th of the options will vest on each monthly anniversary of the First Vesting date thereafter, for a 23 month period, with the balance of the remaining options vesting on the date which is 24 months from the First Vesting Date. The options expire on 15/8/2027. Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 3.17000000 15/8/2027 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Notification of Issue, Conversion or Payment up of Unquoted 5/8 Equity Securities Notification of Issue, Conversion or Payment up of Unquoted Equity Securities company option Other Description Fully paid ordinary shares 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://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02439109 Any other information the entity wishes to provide about the +securities the subject of this notification N/A Issue details Number of +securities 111,000 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 6/8 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 4 - +Securities on issue Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise: (A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.) 4.1 Quoted +Securities (Total number of each +class of +securities quoted) Total number of +securities on issue ASX +security code and description RAC : ORDINARY FULLY PAID 159,439,667 4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX) Total number of +securities on issue ASX +security code and description RACAN : OPTION EXPIRING 03-DEC-2026 EX $4.77 150,000 RACAJ : PERFORMANCE RIGHTS 118,577 RACAI : OPTION EXPIRING 29-NOV-2025 EX $2.65 4,000,000 RACAD : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES 3,660,000 RACAM : OPTION EXPIRING 01-JUL-2026 EX $4.90 500,000 RACAE : OPTION EXPIRING 25-NOV-2022 EX 19C 2,500,000 RACAG : OPTION EXPIRING 17-FEB-2024 EX 49C 2,400,000 RACAL : OPTION EXPIRING 12-JUL-2026 EX $4.76 270,000 New class - code to be confirmed : Unlisted employee options 132,000 New class - code to be confirmed : Unlisted employee options 111,000 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 7/8 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 5 - Other Listing Rule requirements 5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes 5.1a Select the number of the applicable exception in Listing Rule 7.2 13 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 8/8