CARBINE RESOURCES LIMITED — Share Issue/Capital Change 2021

Apr 19, 2021

Notification of Consolidation/Split

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Announcement Summary

Entity name

CARBINE RESOURCES LIMITED

Applicable security for the reorganisation

CRB ORDINARY FULLY PAID

Announcement Type New Announcement

Date of this announcement

Tuesday April 20, 2021

Reorganisation type

Security consolidation

Trading in the post consolidation or split +securities commences on a deferred settlement basis Tuesday May 25, 2021 Record Date Wednesday May 26, 2021

Issue Date

Wednesday June 2, 2021

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

CARBINE RESOURCES LIMITED 1.2 Registered Number Type Registration Number ABN 81122976818 1.3 ASX issuer code CRB 1.4 The announcement is New announcement

1.5 Date of this announcement

Tuesday April 20, 2021

1.6 Securities affected by the consolidation or split

ASX +Security Code ASX +Security Description CRB 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. Yes

2.2 Approvals

Notification of Consolidation/Split

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Notification of Consolidation/Split

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Approval/Condition

Date for determination

+Security holder approval Thursday May 20, 2021

Is the date estimated or Approval actual? received/condition met?

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Actual

Comments

Part 3 - Consolidation or split timetable and details

3.1 +Record date

Wednesday May 26, 2021

3.2 Date of +security holder meeting

Thursday May 20, 2021

3.2a Effective date of consolidation or split

Friday May 21, 2021

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

Monday May 24, 2021

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

Tuesday May 25, 2021

3.5 Record date

Wednesday May 26, 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.

Thursday May 27, 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)

Wednesday June 2, 2021

3.8 Trading starts on a normal T+2 basis

Thursday June 3, 2021

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

Monday June 7, 2021

Part 4 - Event type and details

4.1 The event is +Security consolidation

Notification of Consolidation/Split

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Notification of Consolidation/Split

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4.1a Consolidation ratio: the +securities will be consolidated on the basis that every

10

(pre-consolidation) +securities will be consolidated into 9

(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 - +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
	CRB	ORDINARY FULLY PAID
	Quoted/unquoted	Number on issue pre	Number on issue post	Estimate/Actual
	Quoted	consolidation or split	consolidation or split	Estimated
		199,746,729	179,772,056
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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