Celsius Resources Limited — Share Issue/Capital Change 2016

Jan 26, 2016

Notification of Consolidation/Split

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Notification of Consolidation/Split

Announcement Summary

Entity name

CELSIUS COAL LIMITED

Applicable security for the reorganisation

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----- Start of picture text ----- CLA ORDINARY FULLY PAIDCLAAA OPTION EXPIRING 12-DEC-2016 EX 2CCLAAS OPTION EXPIRING 21-FEB-2016 EX 2CCLAAY OPTION EXPIRING 20-MAY-2016 EXVARIOUS PRICESCLAAU OPTION EXPIRING 10-APR-2016 EX 2.5C----- End of picture text -----

Announcement Type

New Announcement

Date of this announcement

Wednesday January 27, 2016

Reorganisation type

Security consolidation

Effective Date

Monday February 1, 2016

Record Date

Wednesday February 3, 2016

Issue Date

Wednesday February 10, 2016

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

*1.1 Name of +Entity

CELSIUS COAL LIMITED

Registration Number

*1.2 Registered Number Type

ABN

95009162949

*1.3 ASX issuer code

CLA

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*1.4 The announcement is

New announcement

*1.5 Date of this announcement

Wednesday January 27, 2016

*1.6 Securities affected by the reorganisation

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----- Start of picture text ----- CLA ORDINARY FULLY PAIDCLAAA OPTION EXPIRING 12-DEC-2016 EX 2CCLAAS OPTION EXPIRING 21-FEB-2016 EX 2CCLAAY OPTION EXPIRING 20-MAY-2016 EXVARIOUS PRICESCLAAU OPTION EXPIRING 10-APR-2016 EX 2.5C----- End of picture text -----

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

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----- Start of picture text ----- Approval/Condition Date for determination Is the date estimated Approval+Security holder Thursday January 28, or actual? received/conditionapproval 2016 Actual met?[Select...]Comments----- End of picture text -----**

Part 3 - Reorganisation timetable and details

*3.1 +Record date

Wednesday February 3, 2016

3.2 Date of +security holder meeting

Thursday January 28, 2016

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

Friday January 29, 2016

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*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.

Monday February 1, 2016

3.5 Record date

Wednesday February 3, 2016

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 Thursday February 4, 2016

*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 Wednesday February 10, 2016

3.8 Trading starts on a normal T+3 basis

Thursday February 11, 2016

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+3 basis

Tuesday February 16, 2016

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

2,000

(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 +SecurityCLA DescriptionORDINARY FULLYPAIDQuoted/unquoted Number on issue Number on issue after Estimate/ActualQuoted before reorganisation reorganisation Estimated3,218,976,874 1,609,488----- End of picture text -----

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----- Start of picture text ----- *ASX +Security Code *ASX +SecurityCLAAA DescriptionOPTION EXPIRING12-DEC-2016 EX 2CQuoted/unquoted Number on issue Number on issue after Estimate/ActualUnquoted before reorganisation reorganisation Estimated12,500,000 6,250*ASX +Security Code *ASX +SecurityCLAAS DescriptionOPTION EXPIRING21-FEB-2016 EX 2CQuoted/unquoted Number on issue Number on issue after Estimate/ActualUnquoted before reorganisation reorganisation Estimated2,000,000 1,000*ASX +Security Code *ASX +SecurityCLAAY DescriptionOPTION EXPIRING20-MAY-2016 EXVARIOUS PRICESQuoted/unquoted Number on issue Number on issue after Estimate/ActualUnquoted before reorganisation reorganisation Estimated45,000,000 22,500*ASX +Security Code *ASX +SecurityCLAAU DescriptionOPTION EXPIRING10-APR-2016 EX2.5CQuoted/unquoted Number on issue Number on issue after Estimate/ActualUnquoted before reorganisation reorganisation Estimated25,000,000 12,500----- End of picture text -----

*5.2 Exercise price of options

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----- Start of picture text ----- *ASX +Security Code *ASX +Security DescriptionCLAAA OPTION EXPIRING12-DEC-2016 EX 2CQuoted/unquoted Exercise price before Exercise price afterUnquoted reorganisation reorganisation0.02000000 40.00000000*ASX +Security Code *ASX +Security DescriptionCLAAS OPTION EXPIRING21-FEB-2016 EX 2CQuoted/unquoted Exercise price before Exercise price afterUnquoted reorganisation reorganisation0.02000000 40.00000000----- End of picture text -----

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----- Start of picture text ----- *ASX +Security Code *ASX +Security DescriptionCLAAY OPTION EXPIRING20-MAY-2016 EX VARIOUSPRICESQuoted/unquoted Exercise price before Exercise price afterUnquoted reorganisation reorganisation0.00000000 0.00000000*ASX +Security Code *ASX +Security DescriptionCLAAU OPTION EXPIRING10-APR-2016 EX 2.5CQuoted/unquoted Exercise price before Exercise price afterUnquoted reorganisation reorganisation0.02500000 50.00000000----- End of picture text -----

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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