Atlantic Lithium Limited — Major Shareholding Notification 2024

Dec 15, 2024

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To : Company Name/Scheme Atlantic Lithium Limited ( Atlantic Lithium ) ABN/ACN/ARSN ACN 127 215 132

1. Details of substantial holder (1)

Assore International Holdings Limited on its own behalf and on account of each Name of its related bodies corporate from time to time including those listed in Annexure A (together the Substantial Holders ) ABN/ACN/ARSN (if applicable) There was a change in the interests of the 11/12/2024 substantial holder on: The previous notice was given to the company on: 4/11/2024 The previous notice was dated: 4/11/2024

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice	Previous notice	Present notice	Present notice
	Person’s votes	Voting power (5)	Person’s votes	Voting power (5)
Fully paid ordinary shares1	179,025,852	27.16% (based on 659,111,431 issued fully paid ordinary shares)	211,800,865	30.56% (based on 693,147,313 issued fully paid ordinary shares)

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Number of securities affected	Class of securities	Person's votes affected
11/12/2024	Assore International Holdings Limited and each other Substantial Holder	Issuance of new fully paid ordinary shares to Assore International Holdings Limited pursuant to the conditional placement announced to the ASX on 25 October 2024. The placement was conditional on Atlantic Lithium shareholder approval. Such approval was given at the annual general meeting of Atlantic Lithium held on 29 November 2024.	$7,538,252.99	32,775,013	Fully paid ordinary shares	32,775,013

1 This comprises fully paid ordinary shares listed on the Australian Securities Exchange, Ghanaian Stock Exchange and OTCQX. Assore International Holdings Limited no longer holds an interest in any fully paid dematerialised depository interests which are traded on the AIM market of the London Stock Exchange.

4.Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Number of securities	Class of securities	Person's votes
Assore International Holdings Limited	Assore International Holdings Limited	Assore International Holdings Limited	Relevant interest pursuant to section 608(1)(a) of the Corporations Act 2001(Cth) (Corporations Act) by virtue of being the registered holder of the shares	211,800,865	Fully paid ordinary shares	211,800,865
Each other Substantial Holder	Assore International Holdings Limited	Assore International Holdings Limited	Relevant interest under section 608(3) of the Corporations Act	211,800,865	Fully paid ordinary shares	211,800,865

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

the substantial holder in relation to voting interests in the	company or scheme are as follows:
Name and ACN/ARSN (if applicable)	Nature of association
N/A

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Refer to Annexure A

Signature Print name Kieran Daly Capacity Director, Assore International Holdings Limited and authorised signatory for the other Substantial Holders Sign here Date 13 December 2024	Signature Print name Kieran Daly Capacity Director, Assore International Holdings Limited and authorised signatory for the other Substantial Holders Sign here Date 13 December 2024	Signature Print name Kieran Daly Capacity Director, Assore International Holdings Limited and authorised signatory for the other Substantial Holders Sign here Date 13 December 2024
	Kieran Daly Capacity Date	Director, Assore International Holdings Limited and authorised signatory for the other Substantial Holders
		13 December 2024

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, 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 a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

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

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

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (6) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy 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, scheme or arrangement, 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 voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

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

• (7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

• (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".

• (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

ANNEXURE ‘A’

Related bodies corporate of Assore International Holdings Limited

This is the annexure marked ‘A’ of 1 page referred to in the Notice of change of interests of substantial holder.

Name Signature	Name Signature	Kieran Daly Capacity Date	Director, Assore International Holdings Limited and authorised signatory for the other Substantial Holders	Director, Assore International Holdings Limited and authorised signatory for the other Substantial Holders
			13 December 2024
No.	Entity			Registered Address
1	Oresteel Investments ProprietaryLimited			C/- Assore International Holdings Limited, 5 Charlecote Mews, Staple Gardens, Winchester, Hampshire, United Kingdom, SO23 8SR
2	Assore Holdings ProprietaryLimited
3	Assore South Africa ProprietaryLimited
4	Ore & Metal CompanyLimited
5	Wonderstone Limited
6	AssmangProprietaryLimited
7	Dwarsrivier Chrome Mine ProprietaryLimited
9	Ore & Metal International Limited
10	Minmet S.A.M
12	OMI Ore & Metal India Private Limited
13	IPMC Singapore Pte Ltd
14	Minerais U.S. LLC
15	Cato Ridge Alloys PtyLimited