Berkeley Energia Limited — Capital/Financing Update 2021

Nov 29, 2021

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NEWS RELEASE | 30 November 2021

Conversion of Convertible Note

Berkeley Energia Limited (“Berkeley” or “Company”) advises that it has issued 186,814,815 fully paid ordinary shares in the capital of the Company to Singapore Mining Acquisition Co Pte Ltd (“SGRF”) (a subsidiary of the Oman Investment Authority (“OIA”), formerly the State General Reserve Fund of Oman) following the automatic conversion of the unsecured and interest free convertible note with a principal amount of US$65 million (“Convertible Note”).

The Convertible Note has been converted in accordance with the terms of the Investment Agreement and Convertible Note entered in with SGRF in 2017.

In relation to the writ for proceedings in the Supreme Court of Victoria at the Melbourne Commercial Court brought against the Company by SGRF (the “Claim”), the Company will strongly defend the Claim which in the Directors’ view has no merit.

For further information please contact:

Robert Behets Dylan Browne Acting Managing Director CFO and Company Secretary +61 8 9322 6322 info@berkeleyenergia.com

This announcement has been authorised for release by the Board of Directors.

Berkeley Energia Limited | LSE / ASX / BdM: BKY | ABN: 40 052 468 569 | www.berkeleyenergia.com MADRID Calle Capitán Haya 1, Planta 15. Edificio Eurocentro, 28020 Madrid, Espana | T: +34 91 555 1380 PERTH Level 9, 28 The Esplanade, Perth WA 6000 | T: +61 8 9322 6322 | F: +61 8 9322 6558