Announcement PDF Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Announcement Summary Entity name RACE ONCOLOGY LTD Date of this announcement Wednesday November 01, 2023 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 Options exercisable at $1.95 & expiring 1/11/2028 1,116,083 01/11/2023 New class - code to be confirmed Options exercisable at $2.23 & expiring 1/11/2028 489,408 01/11/2023 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 1/11/2023 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 Options exercisable at $1.95 & expiring 1/11/2028 +Security type ISIN code Options Date the +securities the subject of this notification were issued 1/11/2023 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 Provide details of the KMP or +associates being issued +securities. Name of KMP Name of registered holder Number of +securities Michelle Rashford Michelle Rashford 1,116,083 Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? Yes 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 is $1.95. 372,028 options will vest 12 months from the date of issue (First Vesting Date). Commencing 1 month after the First Vesting Date, 31,002 options will vest on each monthly anniversary of the First Vesting Date for a 23 month period and 31,009 will vest on the date which is 24 months from the First Vesting Date. The options expiry on 1 November 2028. Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 1.95000000 1/11/2028 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 4/8 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 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 1,116,083 ASX +security code +Security description New class - code to be confirmed Options exercisable at $2.23 & expiring 1/11/2028 +Security type ISIN code Options Date the +securities the subject of this notification were issued 1/11/2023 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 is $2.23. 163,136 options will vest 12 months from the date of issue (First Vesting Date). Commencing 1 month after the First Vesting Date, 13,594 options will vest on each monthly anniversary of the First Vesting Date for a 23 month period and 13,610 will vest on the date which is 24 months from the First Vesting Date. The options expiry on 1 November 2028. Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 5/8 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 2.23000000 1/11/2028 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 Any other information the entity wishes to provide about the +securities the subject of this notification N/A Issue details Number of +securities 489,408 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 163,068,780 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 RACAI : OPTION EXPIRING 29-NOV-2025 EX $2.65 4,000,000 RACAO : OPTION EXPIRING 22-JUN-2027 EX $2.46 132,000 RACAP : OPTION EXPIRING 15-AUG-2027 EX $3.17 111,000 RACAD : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES 3,660,000 RACAM : OPTION EXPIRING 01-JUL-2026 EX $4.90 222,219 RACAL : OPTION EXPIRING 12-JUL-2026 EX $4.76 270,000 RACAR : OPTION EXPIRING 03-MAR-2028 EX $3.32 110,392 New class - code to be confirmed : Options exercisable at $1.95 & expiring 1/11/2028 1,116,083 New class - code to be confirmed : Options exercisable at $2.23 & expiring 1/11/2028 489,408 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