COBRE LIMITED — Capital/Financing Update 2021

Dec 16, 2021

Cobre Limited A.C.N. 626 241 067 ( ASX: CBE Level 7/151 Macquarie Street SYDNEY NSW 2000 Tel: + 61 2 9048 8856 www.cobre.com.au

17 December 2021

ASX Limited Company Announcements Platform

Cleansing notice under section 708A(5)(e) of the Corporations Act

This notice is given by Cobre Limited (ASX: CBE ) ( Cobre or Company ) under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ).

Cobre has today issued 8,311,765 fully paid ordinary shares in the capital of the Company at an issue price of $0.17 per share subsequent to the approval of shareholders pursuant to resolution 3 at the Annual General Meeting held on 30 November 2021.

Details of the Share Issuance:

Class of securities issued:

Fully Paid Ordinary Shares

ASX Code of the securities: CBE

Date of the issue: 17 December 2021

Total number of shares issued under the Placement: 8,311,765

Cobre advises that:

1. the shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

2. this notice is being given under section 708A(5)(e) of the Corporations Act;

3. as at the date of this notice, the Company has complied with:

4. a. the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and b. section 674 of the Corporations Act; and

5. as at the date of this notice, there is no ‘excluded information’ of the type referred to in sections 708A(7) and 708A(8) of the Corporations Act that is required to be set out in this notice under section 708A(6)(e) of the Corporations Act.

This announcement was approved on behalf of the Cobre Board by Martin C Holland, Executive Chairman and Managing Director.

Contact details regarding this announcement:

Martin C Holland

Executive Chairman and Managing Director +61 2 9048 8856

holland@cobre.com.au