Company: MOBBW
Filing Date: 2025-08-12
Form Type: POS AM
Source: 0001213900-25-074627
Chunk: 23

Company: Mobilicom Ltd
Filing Date: 2025-08-12
Form: POS AM
Chunk 23
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 prohibits the acquisition of a “relevant interest”
in issued voting shares in a listed company if the acquisition will lead to that person’s or someone else’s voting power
in Mobilicom (when aggregated with their “associates”) increasing from 20% or below to more than 20% or increasing from a
starting point that is above 20% and below 90%, subject to a range of exceptions.

Generally, a person will
have a relevant interest in securities if the person:

| ● | is                            
 the holder of the securities; |

| ● | has                                                                                        
 power to exercise, or control the exercise of, a right to vote attached to the securities; 
 or                                                                                         |

| ● | has                                                                                        
 the power to dispose of, or control the exercise of a power to dispose of, the securities, 
 including any indirect or direct power or control.                                         |

If, at a particular time,
a person has a relevant interest in issued securities and the person:

| ● | has                                                                                     
 entered or enters into an agreement with another person with respect to the securities; |

| ● | has                                                                                        
 given or gives another person an enforceable right, or has been or is given an enforceable 
 right by another person, in relation to the securities (whether the right is enforceable   
 presently or in the future and whether or not on the fulfillment of a condition);          |

| ● | has                                                                                         
 granted or grants an option to, or has been or is granted an option by, another person with 
 respect to the securities; or                                                               |

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| ● | the other person would have a relevant interest in the securities if      
 the agreement were performed, the right enforced or the option exercised; |

the other person is taken to already
have a relevant interest in the securities.

There are a number of exceptions
to the above prohibition on acquiring a relevant interest in issued voting shares above 20%. In general terms, some of the more significant
exceptions include:

| ● | when the acquisition results from the acceptance of an offer under 
 a formal takeover bid;                                             |

| ● | when the acquisition is conducted on market by or on behalf of the                                                                 
 bidder under a takeover bid, the acquisition occurs during the bid period, the bid is for all the voting shares in a bid class and 
 the bid is unconditional or only conditioned on prescribed matters set out in the Corporations Act;                                |

| ● | when shareholders of Mobilicom approve the takeover by resolution passed