ALTAMIN LIMITED — M&A Activity 2022

Aug 1, 2022

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Level 23, Rialto South Tower 525 Collins Street Melbourne VIC 3000 Australia

GPO Box 375 Melbourne VIC 3001

T +61 3 8080 3500 F +61 3 8080 3599

Our ref ARB:5089846

2 August 2022

Market Announcements Office ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000

Lodged via ASX Online

Dear ASX Limited,

Close of off-market takeover bid by V B S Exchange Pty Limited ACN 109 106 201 for Altamin Limited ACN 078 510 988 (ASX: AZI)

Notice under section 650F(1)(a) of the Corporations Act

We act for V B S Exchange Pty Limited ACN 109 106 201 ( VBS Exchange ), in relation to its off-market takeover offer ( Offer ) for all of the ordinary shares in Altamin Limited ACN 078 510 988 (ASX:AZI) ( Altamin ) as detailed in the replacement bidder's statement ( Bidder's Statement ) lodged with the ASX on 20 May 2022.

On behalf of VBS Exchange, we confirm that the Offer closed at 7:00pm (Sydney time) yesterday, 1 August 2022.

We enclose a notice under section 650F(1)(a) of the Corporations Act 2001 (Cth) dated 2 August 2022 declaring that the Offer has been freed from all remaining conditions which is hereby given to the Australian Securities Exchange.

The Offer is now unconditional and payment will be despatched to Altamin shareholders who have accepted the Offer for their Altamin Shares on or before 22 August 2022, i.e. within 21 days after the end of the Offer Period.

Yours sincerely

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Adam Brooks

Partner

T +61 3 9641 8904 M +61 417 556 994 E abrooks@tglaw.com.au

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Emma Cook

Partner

T +61 7 3338 7557 M +61 466 632 057 E ecook@tglaw.com.au

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NOTICE UNDER SUBSECTION 650F(1)(a) OF THE CORPORATIONS ACT 2001 (CTH) (CORPORATIONS ACT)

• To: Altamin Limited ACN 078 510 988 ( Altamin )

Australian Securities Exchange Limited ( ASX

V B S Exchange Pty Limited ( VBS Exchange ) gives notice under subsection 650F(1)(a) of the Corporations Act in respect of its takeover bid for all of the ordinary shares in Altamin Limited ( Altamin ) which is contained in the replacement bidder's statement dated 20 May 2022 ( Bidder's Statement ).

Terms defined in the Bidder's Statement have the same meaning when used in this notice unless the context requires otherwise.

In accordance with subsections 650F(1)(a) and 650(2) of the Corporations Act, VBS Exchange gives notice that:

• (a) As at the date of this notice, the Offer made under its Bidder's Statement is freed of the conditions contained in section 4.7 of the Bidder's Statement ( No Prescribed Occurrence Conditions ); and

• (b) So far as VBS Exchange is aware, at the time of giving this notice, VBS Exchange's voting power in Altamin is 38.76%.

Date: 2 August 2022

Signed for and on behalf of V B S Exchange Pty Limited ACN 109 106 201 by:

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Peter Edwards (Director)