AGUIA RESOURCES LIMITED — M&A Activity 2024

Mar 26, 2024

AGUIA RESOURCES LIMITED

ACN 128 256 888

Off-market takeover offer for Andean Mining Limited

Notice under section 650D of the Corporations Act 2001 (Cth)

Variation of offer - extension of offer period

• To: Australian Securities and Investments Commission (ASIC) ASX Limited (ASX)

  • Andean Mining Limited [ACN 625 466 006] ( Andean )

  • Each Andean shareholder and other person referred to in sections 650D(1)(c) and 650D(2) of the Corporations Act 2001 (Cth)

We refer to the off-market takeover bid by Aguia Resources Limited (ACN 128 256 888) ( Aguia ) for all of the ordinary shares in Andean , on the terms set out in in Aguia's bidder's statement dated 20 February 2024 (Bidder's Statement), (Offer).

(1) Extension of Offer period

Aguia gives notice under section 650D(1) of the Corporations Act that, pursuant to section 650C(1) of the Corporations Act ( Act ), it varies the Offer by:

• (a) extending the period during which the Offer will remain open for acceptance until 5.00pm (Sydney time) on 29 April 2024, unless withdrawn or further extended; and

• (b) amending the Bidder's Statement in all places necessary to reflect the fact that 29 April 2024 is the last day of the Offer period.

(2) Date for giving notice of Offer conditions

As a result of the extension of the Offer period, Aguia gives notice under section 630(2) of the Act that;

• (a) the new date for giving notice on the statis of the conditions under the Offer is set out in the Bidder’s Statement is 22 April 2024; and

• (b) the Offer has not been freed from any of the conditions in the Bidder’s Statement and the Conditions have not been fulfilled at the date of this notice.

Date: 27 March 2024

Signed for and on behalf of Aguia Resources Limited:

Christina McGrath Executive Director