Capital Change Notice for Being AI RTO

Capital Change Notice

Updated as at June 2023


Please do not amend or delete individual rows. As this template relates to prescribed content, changes to content
should only be made where it is clearly indicated that this is permitted, otherwise, if an Issuer considers a particular
element does not apply, mark the row as N/A, Any other changes to this prescribed form must first be approved by
NZX as required under NZX Listing Rule 3.26.1.

Section 1: Issuer information
Name of issuer Ascension Capital Limited
NZX ticker code ACE
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website)
NZECHE0001S8
Currency NZD
Section 2: Capital change details
Number issued 1,846,520,000
Nominal value (if any) N/A
Issue price per security $0.025
Nature of the payment (for example, cash or other
consideration)
Cash, and capitalisation of
debt as detailed below.
Amount paid up (if not in full) N/A
Percentage of total class of Financial Products issued
(calculated on the number of Financial Products of the Class,
excluding any Treasury Stock, in existence)
8,588.933%
For an issue of Convertible Financial Products or Options, the
principal terms of Conversion (for example the Conversion
price and Conversion date and the ranking of the Financial
Product in relation to other Classes of Financial Product) or the
Option (for example, the exercise price and exercise date)
N/A
Reason for issue and specific authority for issue (the reason
for change must be identified here)
Issue of 1,800,000,000 shares
(“Consideration Shares”) to
the vendors of Being
Consultants Limited, Send
Global Limited and AGE
Limited.

Issue of 15,800,000 shares
(“Directors’ Fee Shares”) to
present and past directors of
ACE in satisfaction of
indebtedness.

Issue of 30,720,000 shares
(“Debt Capitalisation Share”)
to Excalibur Capital Partners
Limited and nominees in
satisfaction of indebtedness.

Total number of Financial Products of the Class after the issue
(excluding Treasury Stock) and the total number of Financial
Products of the Class held as Treasury Stock after the issue.
1,868,018,828
In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
N/A
Specific authority for the issue including a reference to the rule
pursuant to which the issue is made
Shareholder resolutions 2, 5
and 6, passed at the special
meeting of shareholders held
on 28 March 2024.
Terms or details of the issue (for example: restrictions, escrow
arrangements)
All shares will rank equally with
fully paid ordinary shares
currently on issue.
Additionally, the recipients of
the Directors’ Fee Shares will
be restricted from trading the
Directors’ Fee Shares for a
lock up period which ends on
28 September 2024.
Certain exceptions apply to
this lock up arrangement, as
summarised on page 48 of the
Listing Profile released to the
NZX on 11 March 2024.
Date of issue 28 March 2024
Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement Sean Joyce
Contact person for this announcement Sean Joyce
Contact phone number +64 21 865 704
Contact email address Sean Joyce
Date of release through MAP 28 March 2024