ARDEA RESOURCES LIMITED — Major Shareholding Notification 2023

Sep 11, 2023

603 page 1/2 15 July 2001

Form603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme Ardea Resources Limited

ACN/ARSN 30 614 289 342

1. Details of substantial holder (1)

Name Ascend Global Investment Fund SPC (AGIF SPC) ACN/ARSN (if applicable) N/A

The holder became a substantial holder on 12 / 09 / 23

2. Details of voting power

The total number of votes attached toall the voting shares in the company or voting interests in the scheme that the substaanlthiolder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Classof securities(4) Ordinary Shares	Number of securities	Person's votes(5)	Voting power(6
	9,932,717	9,932,717	5.1%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the dahteetsubstantial holder became a substantial holder areas follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
AGIF SPC - AOSP	Relevant interest in the securities under section 608(1)(b) and (c) of the Corporations Act 2001 (Cth) (Act) by reason of having the right to control the voting and disposal of the securities	4,732,717
AGIF SPC – SSP	Relevant interest in the securities under section 608(1)(b) and (c) of the Corporations Act 2001 (Cth) (Act) by reason of having the right to control the voting and disposalofthe securities	5,200,000

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Class and numbe of securities
AGIF - AOSP	Citibank Nominees Pty Ltd, Melbourne	AGIF SPC - AOSP	4,732,717
AGIF – SSP	Citibank Nominees Pty Ltd, Melbourne	AGIF SPC - SSP	5,200,000

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior toe tdhay that the substantial holder became a substantial holder isas follows:

Holder of relevant interest	Date of acquisition	Consideration (9)	Consideration (9)	Class and numbe of securities
		Cash	Non-cash
AGIF SPC - SSP	12/09/2023	3,640,000	N/A	5,200,000

603 page 2/2 15 July 2001

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

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Name and ACN/ARSN (if applicable) Nature of association
AGIF SPC – AOSP Asia Opportunity SP is a sub-fund under AGIF SPC
AGIF SPC - SSP Strategic SP is a sub-fund under AGIF SPC
7. Addresses
The addresses of persons named in this formare as follows:
Name Address
AGIF SPC Cricket Square, Hutchins Drive, P.O. Box 2681,
-
Grand Cayman, KY1 1111, Cayman Islands
Signature
Mulyadi Tjandra Director
12/09/23
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DIRECTIONS

• (1) If there area number of substantial holders with similar or related relevant interests (eg. a corporation and its relatedocrporations, 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 agroup of persons are eesnstia l y similar, theymay be referred to throughout the formas a specifically named group if themembership of each group, with the names and addresses of memberscliesarly set out in paragraph 7 of the form.

• (2) See the definition of "associate" in section 9 of theCorporations Act 2001.

• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of theCorporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes. (5) The total number of votes attached toall the voting shares in the company or voting interests in the scheme (if any) thhaet tperson or an associate has a relevant interest in.

• (6) The person's votes divided by the total votes in the body corporate or schememultiplied by 100.

• (7) Includedetailsof: (a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) appliecso,pay 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, schemeaorrangement, 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 votingwpeors or disposal of the securities to which the relevant interest relates(indicatingclearly theparticular securities towhich thequalificationapplies).

• See the definition of "relevant agreement" in section 9 of theCorporations Act 2001.

• (8) If the substantial holder is unable to determine the identity of the person ( eg. if the relevant interest arises becauseanofoption) write "unknown". (9) Details of the considerationmust include any and all benefits, money and other, that any person from whoma relevant instetrweas acquired has, or may, become entitled to receive in relation to that acquisition. Detailsmust be included even if the benefit is conditional on the happinegnor not of a contingency. Detailsmust be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if thaereynot paid directly to the person from whom the relevant interest was acquired.

603 GUIDE page 1/1 13 March 2000

GUIDE This guide does not form part of the prescribed form and is included by ASIC to assist you in completing and lodging form 603.

Signature

This form must be signed by either a director or a secretary of the substantial holder.

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Lodging period Nil
LodgingFee Nil
Otherformstobe Nil
completed
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Additionalinformation

• (a) If additional space is required to complete a question, the information may be included on a separate piece of paper annexed to the form.

• (b) This notice must be given to a listed company, or the responsible entity for a listed managed investment scheme. A copy of this notice must also be given to each relevant securities exchange.

• (c) The person must give a copy of this notice:

• (i) within 2 business days after they become aware of the information; or

• (ii) by 9.30 am on the next trading day of the relevant securities exchange after they become aware of the information if:

  • (A) a takeover bid is made for voting shares in the company or voting interests in the scheme; and

  • (B) the person becomes aware of the information during the bid period.

Annexures

To make any annexure conform to the regulations, you must

• 1 use A4 size paper of white or light pastel colour with a margin of at least 10mm on all sides

• 2 show the corporation name and ACN or ARBN

• 3 number the pages consecutively

• 4 print or type in BLOCK letters in dark blue or black ink so that the document is clearly legible when photocopied

• 5 identify the annexure with a mark such as A, B, C, etc

• 6 endorse the annexure with the words:

This is annexure (mark) of (number) pages referred to in form (form number and title)

• 7 sign and date the annexure

The annexure must be signed by the same person(s) who signed the form.

Informationinthisguideisintendedasaguideonly.Pleaseconsultyouraccountantorsolicitorforfurtheradvice.