Artemis Resources Limited — Share Issue/Capital Change 2017

Jan 12, 2017

Notification of Consolidation/Split

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Notification of Consolidation/Split

Announcement Summary

Entity name

ARTEMIS RESOURCES LIMITED

Applicable security for the reorganisation

ARV ORDINARY FULLY PAID ARVAI OPTION EXPIRING 30-SEP-2017 EX 0.1C

Announcement Type

New Announcement

Date of this announcement

Friday January 13, 2017

Reorganisation type

Security consolidation Effective Date Thursday February 2, 2017

Record Date

Friday February 3, 2017

Issue Date

Friday February 10, 2017

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

*1.1 Name of +Entity

ARTEMIS RESOURCES LIMITED

Registration Number

*1.2 Registered Number Type

ABN 80107051749

*1.3 ASX issuer code

ARV

*1.4 The announcement is

New announcement

*1.5 Date of this announcement

Friday January 13, 2017

*1.6 Securities affected by the reorganisation

Notification of Consolidation/Split

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Notification of Consolidation/Split

ORDINARY FULLY PAID OPTION EXPIRING 30-SEP-2017 EX 0.1C

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ARV ARVAI

Part 2 - Approvals

*2.1 Are any of the below approvals required for the reorganisation 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 reorganisation.

Yes

2.2 Approvals

**Approval/Condition Date for determination Is the date estimated Approval +Security holder Tuesday January 31, or actual? received/condition approval 2017 Actual met? [Select...] Comments

Part 3 - Reorganisation timetable and details

*3.1 +Record date

Friday February 3, 2017

3.2 Date of +security holder meeting

Tuesday January 31, 2017

3.3 Last day for trading in the pre-re-organised +securities

Wednesday February 1, 2017

*3.4 Effective date. Trading in the re-organised securities commences on a +deferred settlement basis. If the +entity's securities are suspended from trading during this period there will be no +deferred settlement trading however ASX still captures this date.

Thursday February 2, 2017

3.5 Record date

Friday February 3, 2017

3.6 First day for +entity to send notices to +security holders of the change in the number of +securities they hold. First day for +entity to register +securities on a post-reorganised basis

Monday February 6, 2017

Notification of Consolidation/Split

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Notification of Consolidation/Split

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*3.7 +Issue date. +Deferred settlement market ends. Last day for +entity to send notices to

+security holder of the change in the number of +securities they hold. Last day for +entity to register +securities on a post-reorganised basis

Friday February 10, 2017

3.8 Trading starts on a normal T+2 basis

Monday February 13, 2017

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

Wednesday February 15, 2017

Part 4 - Reorganisation type and details

*4.1 The reorganisation is

+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 up to the next whole number

Part 5 - +Securities on issue before and after reorganisation

*5.1 +Securities on issue before and after the reorganisation

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----- Start of picture text ----- *ASX +Security Code *ASX +SecurityARV DescriptionORDINARY FULLYPAIDQuoted/unquoted Number on issue Number on issue after Estimate/ActualQuoted before reorganisation reorganisation Actual4,345,441,492 217,272,075*ASX +Security Code *ASX +SecurityARVAI DescriptionOPTION EXPIRING30-SEP-2017 EX0.1CQuoted/unquoted Number on issue Number on issue after Estimate/ActualUnquoted before reorganisation reorganisation Actual2,314,941,748 115,747,087----- End of picture text -----

*5.2 Exercise price of options

Notification of Consolidation/Split

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Notification of Consolidation/Split

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**ASX +Security Code ASX +Security Description ARVAI OPTION EXPIRING 30-SEP-2017 EX 0.1C Quoted/unquoted Exercise price before Exercise price after Unquoted reorganisation reorganisation AUD 0.00100000 AUD 0.02000000 Part 6 - Further information 6.1 Further information relating to the reorganisation 6.2 Additional information for inclusion in the Announcement Summary

Notification of Consolidation/Split

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