Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Announcement Summary Entity name ELIXINOL WELLNESS LIMITED Date of this announcement Thursday August 17, 2023 The +securities the subject of this notification are: Other Total number of +securities to be issued/transferred ASX +security code Security description New class - code to be confirmed unlisted options with an exercise price of $0.232, expiring 22 October 2023. Refer to next page for full details of the announcement Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 1/7 Total number of +securities to be issued/transferred Issue date 374,915 17/08/2023 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 1 - Entity and announcement details 1.1 Name of entity ELIXINOL WELLNESS 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 ACN 621479794 1.3 ASX issuer code EXL 1.4 The announcement is New announcement 1.5 Date of this announcement 17/8/2023 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 2/7 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 Please specify Please refer to Appendix 3B dated 20 April 2023. 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 3/7 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 New +securities ASX +security code +Security description New class - code to be confirmed unlisted options with an exercise price of $0.232, expiring 22 October 2023. +Security type ISIN code Options Date the +securities the subject of this notification were issued 17/8/2023 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes 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. https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02656196-2A1444518?access_token=8 3ff96335c2d45a094df02a206a39ff4 Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.23200000 22/10/2023 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 Any other information the entity wishes to provide about the +securities the subject of this notification Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B Notification of Issue, Conversion or Payment up of Unquoted 4/7 Equity Securities Notification of Issue, Conversion or Payment up of Unquoted Equity Securities the market in an Appendix 3B Not applicable. Issue details Number of +securities 374,915 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Issue Pursuant to the terms of an Option Swap Agreement dated 18 April 2023, certain options issued by TSN must be cancelled for nil consideration. Purpose of the issue Other Additional Details Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 5/7 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 EXLN : ORD FULLY PAID DEFERRED EX SUSTAINABLE NUTRITION 158,163,505 EXL : ORDINARY FULLY PAID 456,991,368 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 EXLAD : OPTION EXPIRING 07-JUN-2025 EX $0.02 131,000,001 EXLAC : PERFORMANCE RIGHTS 21,926,663 New class - code to be confirmed : unlisted options with an exercise price of $0.232, expiring 22 October 2023. Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 6/7 374,915 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? 374,915 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)? No Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 7/7