ARK MINES LIMITED — Share Issue/Capital Change 2021

Aug 31, 2021

Notification of Consolidation/Split

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Announcement Summary

Entity name

ARK MINES LIMITED

Applicable security for the reorganisation

AHK ORDINARY FULLY PAID

Announcement Type

Update to previous announcement

Date of this announcement

1/9/2021

Reason for the Update

Fractions of shares are to be rounded down. Previous announcement indicated that fractions of shares of 0.5 or more were to be rounded up.

Refer to below for full details of the announcement

Notification of Consolidation/Split

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Notification of Consolidation/Split

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Announcement Details

Part 1 - Entity and announcement details

1.1 Name of +Entity

ARK MINES LIMITED 1.2 Registered Number Type Registration Number ACN 123668717 1.3 ASX issuer code AHK 1.4 The announcement is Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Fractions of shares are to be rounded down. Previous announcement indicated that fractions of shares of 0.5 or more were to be rounded up.

1.4b Date of previous announcement(s) to this update 25/8/2021

1.5 Date of this announcement

1/9/2021

1.6 Securities affected by the consolidation or split

ASX +Security Code ASX +Security Description AHK ORDINARY FULLY PAID

Part 2 - Approvals

• 2.1 Are any of the below approvals required for the consolidation or split 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 consolidation or split.

Notification of Consolidation/Split

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Notification of Consolidation/Split

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Yes

2.2 Approvals

Approval/Condition Date for determination +Security holder approval 24/9/2021

Is the date estimated or Approval actual? received/condition met? Actual No

Comments

Part 3 - Consolidation or split timetable and details

3.1 +Record date

19/10/2021

3.2 Date of +security holder meeting

24/9/2021

3.2a Effective date of consolidation or split

14/10/2021

3.3 Last day for trading in the pre consolidation or split +securities

15/10/2021

3.4 Trading in the post consolidation or split +securities commences on a deferred settlement basis.

18/10/2021

3.5 Record date

19/10/2021

3.6 First day for entity to update its register and to send holding statements to +security holders reflecting the change in the number of +securities they hold.

20/10/2021

3.7 Last day for entity to update its register and send holding statements to +security holders reflecting the change in the number of +securities they hold and to notify ASX that this has occurred. (+Issue Date) 26/10/2021

3.8 Trading starts on a normal T+2 basis

27/10/2021

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis

29/10/2021

Notification of Consolidation/Split

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Notification of Consolidation/Split

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Part 4 - Event type and details

4.1 The event is

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+Security consolidation

4.1a Consolidation ratio: the +securities will be consolidated on the basis that every 20 (pre-consolidation) +securities will be consolidated into 1

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

4.2 Scrip fraction rounding

Fractions rounded down to the nearest whole number or fractions disregarded

Part 5 - +Securities on issue before and after consolidation or split

5.1 +Securities on issue before and after the consolidation or split

ASX +Security Code ASX +Security Description AHK ORDINARY FULLY PAID Quoted/unquoted Number on issue pre Number on issue post Estimate/Actual Quoted consolidation or split consolidation or split Estimated 52,321,175 2,616,059 Part 6 - Further information

6.1 Further information relating to the consolidation or split

6.2 Additional information for inclusion in the Announcement Summary

Notification of Consolidation/Split

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