ACROW LIMITED — Share Issue/Capital Change 2015

Dec 3, 2015

Notification of Consolidation/Split

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Notification of Consolidation/Split

Announcement Summary

Entity name NOBLE MINERAL RESOURCES LIMITED Applicable security for the reorganisation NMG ORDINARY FULLY PAID Announcement Type Update to previous announcement Date of this announcement Friday December 4, 2015 Reason for the Update Updating actual number of post-consolidation shares Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details 1.1 *Name of +Entity NOBLE MINERAL RESOURCES LIMITED Registration Number 1.2 *Registered Number Type ACN 124893465 1.3 *ASX issuer code NMG 1.4 *The announcement is Update/amendment to previous announcement 1.4a Reason for update to a previous announcement Updating actual number of post-consolidation shares 1.4b * Date of previous announcement(s) to this update Monday October 26, 2015 1.5 *Date of this announcement Friday December 4, 2015 1.6 *Securities affected by the reorganisation

Notification of Consolidation/Split

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Notification of Consolidation/Split

NMG

ORDINARY FULLY PAID

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Part 2 - Approvals

2.1 *Are any of the below approvals required for the reorganisation before business day 0 of the timetable?

• Security holder approval Court approval

• Lodgement of court order with +ASIC ACCC approval

• FIRB approval

• Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the reorganisation.

Yes

2.2 Approvals

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Approval/Condition Date for determination Is the date estimated Approval
+Security holder Monday November or actual? received/condition
approval 23, 2015 Actual met?
Yes
Comments
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Part 3 - Reorganisation timetable and details

3.1 *+Record date

Friday November 27, 2015

3.2 Date of +security holder meeting

Monday November 23, 2015

3.3 Last day for trading in the pre-re-organised +securities

Tuesday November 24, 2015

3.4 *Effective date. Trading in the re-organised securities commences on a +deferred settlement basis. If the +entity's securities are suspended from trading during this period there will be no +deferred settlement trading however ASX still captures this date.

Wednesday November 25, 2015

3.5 Record date

Friday November 27, 2015

3.6 First day for +entity to send notices to +security holders of the change in the number of +securities they hold. First day for +entity to register +securities on a post-reorganised basis Monday November 30, 2015

3.7 *+Issue date. +Deferred settlement market ends. Last day for +entity to send notices to +security holder of the change in the number of +securities they hold. Last day for +entity to register +securities on a post-reorganised basis Friday December 4, 2015

Notification of Consolidation/Split

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Notification of Consolidation/Split

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3.8 Trading starts on a normal T+3 basis

Monday December 7, 2015

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+3 basis

Thursday December 10, 2015

Part 4 - Reorganisation type and details

4.1 *The reorganisation is

+Security consolidation

4.1a *Consolidation ratio: the +securities will be consolidated on the basis that every

50

(pre-consolidation) +securities will be consolidated into 1

(post-consolidation) +security (/ies).

4.2 *Scrip fraction rounding

Fractions of 0.5 or more rounded up

Part 5 - +Securities on issue before and after reorganisation

5.1 *+Securities on issue before and after the reorganisation

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ASX +Security Code ASX +Security
NMG Description
ORDINARY FULLY
PAID
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Quoted before reorganisation reorganisation Actual
666,397,952 13,328,147
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Part 6 - Further information

6.1 Further information relating to the reorganisation

6.2 Additional information for inclusion in the Announcement Summary

Notification of Consolidation/Split

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