Announcement PDF Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Announcement Summary Entity name FORBIDDEN FOODS LIMITED Date of this announcement Thursday December 07, 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 Unquoted options with an exercise price of $0.025 and expiry 24 months from the date of issue. 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 51,680,000 07/12/2023 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 1 - Entity and announcement details 1.1 Name of entity FORBIDDEN FOODS 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 82616507334 1.3 ASX issuer code FFF 1.4 The announcement is New announcement 1.5 Date of this announcement 7/12/2023 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 New class code of 51,680,000 unquoted options to be issued see Appendix 3B - 9 August 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 Unquoted options with an exercise price of $0.025 and expiry 24 months from the date of issue. +Security type ISIN code Options Date the +securities the subject of this notification were issued 7/12/2023 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? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://stocknessmonster.com/announcements/fff.asx-3A622997/ Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.02500000 7/12/2025 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 (ASX:FFF) Any other information the entity wishes to provide about the +securities the subject of this notification Issue of these securities was approved by shareholders at the AGM held on 29 November 2023. Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 4/7 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 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 An Appendix 3B was lodged on 9 August 2023, however the securities are not in an existing code. Issue details Number of +securities 51,680,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Nil Purpose of the issue To raise additional working capital 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 FFF : ORDINARY FULLY PAID 186,860,547 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 FFFAL : OPTION EXPIRING 16-AUG-2025 EX $0.04 20,500,000 FFFAK : OPTION EXPIRING 31-JAN-2025 EX $0.08 24,788,715 New class - code to be confirmed : Unquoted options with an exercise price of $0.025 and expiry 24 months from the date of issue. 51,680,000 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 6/7 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? Yes 5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 29/11/2023 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 7/7