ABX GROUP LIMITED — Capital/Financing Update 2021

Oct 24, 2021

ASX ANNOUNCEMENT 22 October 2021

ASX: ABX

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Share Purchase Plan Closed

ABx Group (ASX: ABX) ( ABx Group ) advises Eligible Shareholders that the Company’s Share Purchase Plan ( SPP ), as announced on 1 October 2021 is now closed and no further applications will be accepted.

The Company expects the allotment and issue of New Shares to occur on 29 October 2021 with quotation of the New Shares on 5 November 2021.

The Company thanks all participants.

The results of the SPP will be advised at the time of issue of the securities.

Eligible Holders who participate in the SPP will be offered the opportunity to apply for one free attaching unlisted Option for every one Share applied for under the SPP exercisable at $0.20 per option on or before 31 May 2023 ( Free-Attaching Option ), for nil consideration.

In accordance with listing rules, the offer of the Free-Attaching Options to Eligible Holders will be made separately to the SPP Offer under a prospectus ( Prospectus ) that will be made available when the offer for the Free-Attaching Options are made. A copy of the Prospectus will be made available online, and sent via email or post (as applicable) to Eligible Holders who have participated in the SPP. Any Eligible Holder who participates in the SPP and wishes to apply for Free-Attaching Options will need to complete the application form that will be in or accompany the Prospectus.

This announcement is authorised by the Company Secretary of Australian Bauxite Limited.

For further information please contact:

Henry Kinstlinger Company Secretary

email: hkinstlinger@abxgroup.com.au

Australian Bauxite Limited t/a ABx Group ABN 14 139 494 885

Level 5 52 Phillip Street Sydney NSW 2000 P: +61 2 9251 7177 F: +61 2 9251 7500