Announcement PDF Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Announcement Summary Entity name ELECTRO OPTIC SYSTEMS HOLDINGS LIMITED Date of this announcement Friday December 22, 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 Share Rights 1,341,117 22/12/2023 New class - code to be confirmed Options 2,953,087 22/12/2023 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 ELECTRO OPTIC SYSTEMS HOLDINGS LIMITED 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 95092708364 1.3 ASX issuer code EOS 1.4 The announcement is New announcement 1.5 Date of this announcement 22/12/2023 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 Share Rights +Security type ISIN code Other Date the +securities the subject of this notification were issued 22/12/2023 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 Clive Cuthell Clive Cuthell 744,000 James Bennett James Bennett 81,250 Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. Not applicable 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://eos-aus.com/wp-content/uploads/2023/12/EOS-Omnibus-Equity-Incentive-Plan-Dec-23.pdf Any other information the entity wishes to provide about the +securities the subject of this notification Each Share Right entitles the holder to one EOS Share upon vesting. The Share Rights vest over a period of three years, with one-third vesting on each of the following dates - 31 December 2024, 31 December 2025 and 31 December 2026, subject to continued employment with the Company. For Clive Cuthell, the Share Rights relate to FY23 and FY24. For all other participants, the Share Rights related to FY23. To the extent that Share Rights vest, EOS expects they will be settled from existing ordinary share capital already on issue under the Loan Funded Share Plan, but which are unallocated. Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 4/8 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Issue details Number of +securities 1,341,117 ASX +security code +Security description New class - code to be confirmed Options +Security type ISIN code Options Date the +securities the subject of this notification were issued 22/12/2023 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 Clive Cuthell Clive Cuthell 1,240,000 James Bennett James Bennett 135,417 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. Not applicable Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.50000000 31/12/2028 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of Notification of Issue, Conversion or Payment up of Unquoted 5/8 Equity Securities Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description EOS 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://eos-aus.com/wp-content/uploads/2023/12/EOS-Omnibus-Equity-Incentive-Plan-Dec-23.pdf Any other information the entity wishes to provide about the +securities the subject of this notification The exercise price of Options was determined by the Board by reference to the EOS share price at the time the KMP commenced in their roles. Each Option entitles the holder to one EOS Share upon vesting. The vesting conditions of the Options are detailed in the terms found at the above URL, however they are linked to the achievement of the EOS share price and continued employment. For Clive Cuthell, the Options relate to FY23 and FY24. For all other participants, the Options related to FY23. To the extent that Options vest, EOS expects they will be settled from existing ordinary share capital already on issue under the Loan Funded Share Plan, but which are unallocated. Issue details Number of +securities 2,953,087 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 EOS : ORDINARY FULLY PAID 171,236,006 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 EOSAD : OPTION EXPIRING 16-MAR-2026 EX $5.27 45,000 EOSAB : OPTION EXPIRING 18-MAY-2025 EX $4.75 325,000 New class - code to be confirmed : Share Rights 1,341,117 New class - code to be confirmed : Options 2,953,087 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? No 5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? No 5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes 5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? 4,294,204 5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? N/A Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 8/8