ADVANCE METALS LIMITED — Major Shareholding Notification 2021

Nov 22, 2021

604 page 1/3 15 July 2001

Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder

To Company Name/Scheme Pacific American Holdings Limited ACN/ARSN 127 131 604 1. Details of substantial holder (1) Name H. F. T. Nominees Pty. Ltd. ACN/ARSN (if applicable) 059 808 874 There was a change in the interests of the substantial holder on 22 November 2021 The previous notice was given to the company on 05 November 2021 The previous notice was dated 05 November 2021

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

==> picture [504 x 114] intentionally omitted <==

----- Start of picture text ----- Class of securities (4) Previous notice Present noticePerson’s votes Voting power (5) Person’s votes Voting power (5)Fully Paid Ordinary 44,461,380 10.65% (based on 44,461,380 9.30% (based onShares 417,439,456 Pacific 477,877,402 PacificAmerican Holdings American HoldingsLimited shares on issue) Limited shares on issue)3. Changes in relevant interestsParticulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of thecompanympanypanynyy or scheme,r scheme,scheme,heme,eme,me,e, sinceincece thehee substantial holder was last requiredntial holder was last requiredtial holder was last requiredial holder was last requiredal holder was last requiredl holder was last requiredolder was last requiredlder was last requiredder was last requiredr was last requiredas last required last requiredast required requiredequiredireded to giveivee a substantial holding noticential holding noticetial holding noticeial holding noticeal holding noticel holding noticeolding noticelding noticeding noticeing noticeg notice noticeoticeicece to thehee companympanypanynyy areree as follows: follows: ollows: llows: ows: ws: s: :----- End of picture text -----

==> picture [504 x 370] intentionally omitted <==

----- Start of picture text ----- Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of thecompanympanypanynyy or scheme,r scheme,scheme,heme,eme,me,e, sinceincece thehee substantial holder was last requiredntial holder was last requiredtial holder was last requiredial holder was last requiredal holder was last requiredl holder was last requiredolder was last requiredlder was last requiredder was last requiredr was last requiredas last required last requiredast required requiredequiredireded to giveivee a substantial holding noticential holding noticetial holding noticeial holding noticeal holding noticel holding noticeolding noticelding noticeding noticeing noticeg notice noticeoticeicece to thehee companympanypanynyy areree as follows: follows: ollows: llows: ows: ws: s: :Date of change Person whose Nature of change Consideration given in Class and number of Person’s votesrelevant interest (6) relation to change (7) securities affected affectedchanged22 November HFT Nominees Nil Nil2021 Pty Ltd Dilution arisingInternational from issue on Nil Nil22 November Pacific Securities 22 NovemberNil2021 Limited 2021 of22 November IPS Nominees 60,437,946 Nil Nil2021 Limited shares.22 November Geoffrey Guild Nil Nil2021 Hill4. Present relevant interestsParticulars of each relevant interest of the substantial holder in voting securities after the change are as follows:Holder of relevant Registered holder Person entitled to Nature of relevant interest Class and number of Person’s votesinterest of securities be registered as (6) securitiesholder (8)Number of ordinary fullypaid shares Number of votesHFT Nominees HFT Nominees HFT Nominees Direct registeredPty Ltd Pty Ltd Pty Ltd holding 15,816,631 15,816,631International International InternationalPacific Pacific Securities PacificSecurities Limited Securities Relevant interest underLimited Limited sections 608 (1) and 608 28,362,247 28,362,247IPS Nominees IPS Nominees IPS Nominees (2) of the CorporationsLimited Limited Limited Act 2001 (Cth) 250,002 250,002Geoffrey Guild Geoffrey Guild Geoffrey GuildHill Hill Hill 32,500 32,500----- End of picture text -----

604 page 2/3 15 July 2001

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) Nature of association

6. Addresses

The addresses of persons named in this form are:

==> picture [504 x 132] intentionally omitted <==

----- Start of picture text ----- Name AddressHFT Nominees Pty Ltd PO Box 234, South Hurstville NSW 2221International Pacific Securities Limited PO Box 234, South Hurstville NSW 2221Geoffrey Guild Hill PO Box 234, South Hurstville NSW 2221IPS Nominees Limited PO Box 234, South Hurstville NSW 2221Signatureprint name Stephen Lau capacity Secretarysign here date 23 November 2021----- End of picture text -----

604 page 3/3 15 July 2001

DIRECTIONS

• 1. If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.
• 1. See the definition of “associate” in section 9 of the Corporations Act 2001 (Clth) .
• 1. See the definition of “relevant interest” in sections 608 and 671B(7) of the Corporations Act 2001 (Clth) .
• 1. The voting shares of a company constitute one class unless divided into separate classes.
• 1. The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100. 6) Include details of:

  • a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

  • b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of “relevant agreement” in section 9 of the Corporations Act 2001 (Clth) .

• 1. Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
• 1. If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write “unknown”.
• 1. Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.