Announcement PDF Appendix 3B - Proposed issue of securities Announcement Summary Entity name FORBIDDEN FOODS LIMITED Announcement Type New announcement Date of this announcement 14/8/2024 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 Unlisted options with an exercise price of $0.015 expiring 3 years from allotment date. 53,083,333 FFF ORDINARY FULLY PAID 54,166,667 Proposed +issue date 22/8/2024 Refer to next page for full details of the announcement Appendix 3B - Proposed issue of securities 1/6 Appendix 3B - Proposed issue of securities Part 1 - Entity and announcement details 1.1 Name of +Entity FORBIDDEN FOODS LIMITED 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 82616507334 1.3 ASX issuer code FFF 1.4 The announcement is New announcement 1.5 Date of this announcement 14/8/2024 1.6 The Proposed issue is: A placement or other type of issue Appendix 3B - Proposed issue of securities 2/6 Appendix 3B - 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 19/9/2024 Is the date estimated or actual? ** Approval received/condition met? Estimated No Comments 22,965,136 shares to be issued without prior shareholder approval under Listing Rules 7.1 (Tranche1). 31,201,531 shares to be issued subject to shareholder approval including Director Placement shares (Tranche 2). 27,083,333 attaching placement options to be issued subject to shareholder approval including Directors placement options. 26,000,000 lead manager options to be issued subject to shareholder approval. 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)? Existing class Will the proposed issue of this +security include an offer of attaching +securities? Yes Details of +securities proposed to be issued ASX +security code and description FFF : ORDINARY FULLY PAID Number of +securities proposed to be issued 54,166,667 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 0.01200 Appendix 3B - Proposed issue of securities 3/6 Appendix 3B - Proposed issue of securities Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Attaching +Security Is the proposed attaching 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 Attaching +Security - New class (+securities in a class that is not yet quoted or recorded by ASX) Details of attaching +securities proposed to be issued ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them) Have you received confirmation from ASX that the terms Will the entity be seeking quotation of the 'new' class of of the proposed +securities are appropriate and +securities on ASX? No equitable under listing rule 6.1? Yes ASX +security code +Security description New class-code to be confirmed Unlisted options with an exercise price of $0.015 expiring 3 years from allotment date. +Security type Options Number of +securities proposed to be issued 53,083,333 Offer price details Are the +securities proposed to be issued being issued for a cash consideration? No Please describe the consideration being provided for the +securities Up to 27,083,333 options are being issued as free-attaching options, on the basis of 1 option for every 2 shares issued under the placement announced to market on 14 August 2024. 26,000,000 options are being issued to the Lead Manager to the Placement in consideration for the services provided by the Lead Manager under the lead manager mandate. Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 0.000001 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Options details +Security currency AUD - Australian Dollar Exercise price Appendix 3B - Proposed issue of securities Expiry date 4/6 Appendix 3B - Proposed issue of securities Exercise price Expiry date AUD 0.0150 24/9/2027 Details of the type of +security that will be issued if the option is exercised FFF : ORDINARY FULLY PAID Number of securities that will be issued if the option is exercised One fully paid ordinary share for each option exercised 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. Please see ASX announcement dated 14 August 2024 Part 7C - Timetable 7C.1 Proposed +issue date 22/8/2024 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? Yes 7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 19/9/2024 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? 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? Yes 7E.1a Who is the lead manager/broker? JP Equity Holding Pty Ltd 7E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker? A fee of 6% of the total funds raised under each tranche of the placement plus 26,000,000 advisor options. 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 Appendix 3B - Proposed issue of securities 5/6 Appendix 3B - Proposed issue of securities Part 7F - Further Information 7F.01 The purpose(s) for which the entity is issuing the securities The proceeds from the issue of the Placement shares are intended to be used by the Company to satisfy transaction costs associated with the OMG Acquisition and general working capital. 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 7F.3 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f) Appendix 3B - Proposed issue of securities 6/6