COBRE LIMITED — Proxy Solicitation & Information Statement 2021

Mar 2, 2021

==> picture [451 x 90] intentionally omitted <==

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

3 March 2021

Dear Shareholder,

EXTRAORDINARY GENERAL MEETING TO APPROVE COBRE’S ACQUISITION OF A CONTROLLING INTEREST IN 8,100km[2] OF THE KALAHARI COPPER BELT IN BOTSWANA

The Extraordinary General Meeting ( EGM or Meeting ) of shareholders of Cobre Limited (ASX: CBE , Cobre or Company ) will be held as a virtual meeting at 11.30am (AEST, Sydney time) on Tuesday 6 April 2021.

Due to the COVID-19 restrictions on public gatherings and the temporary modifications to the Corporations Act under the Corporations (Coronavirus Economic Response) Determination (No. 3) 2020 (Cth), the Meeting will be held virtually and there will not be a physical meeting where shareholders can attend.

To view and download the Notice of Meeting and other materials to be provided with the Notice of Meeting, please visit the Company’s website at www.cobre.com.au. Hard copies are available on request.

Shareholders can listen and participate in the Meeting via the online platform by using a:

• Computer, by entering the following URL in your browser: https://web.lumiagm.com

• Mobile device, by entering the following URL in your browser: https://web.lumiagm.com or by using the Lumi EGM app.

The meeting ID for the Meeting is: 310-952-203

The username is your Voter Access Code (which can be located on the front of your Voting Form on your Notice of Meeting email).

Your password is your postcode registered on your holding if you are an Australian shareholder. Overseas shareholders should refer to the Online Voting User Guide attached to this Notice of Meeting.

The online platform will provide a reasonable opportunity for shareholders to participate, and the Meeting will operate on the basis that such participation will constitute shareholders being present at the Meeting for all purposes. Voting on all resolutions will occur by way of a poll, and the online platform will enable shareholders to lodge a vote in real time.

If you have been nominated as a third party proxy, or for any enquires relating to virtual participation, please contact the Company’s share registry on 1300 737 760 (within Australia) or + 61 2 9290 9600 (outside Australia).

==> picture [451 x 90] intentionally omitted <==

Shareholders will be able to log in to the online platform from 10.30 a.m. (AEST) on the date of the Meeting.

Further information on how to participate virtually is set out in the Notice of Meeting and in the Online Voter User Guide, which are available on the Company's website and have been lodged with ASX.

If it becomes necessary to make further alternative arrangements for holding the Meeting, the Company will ensure that Shareholders are given as much notice as possible. Further information will be made available on the Company’s website at www.cobre.com.au by clicking on the ‘ Investors ’ then ‘ Company Announcements’ tabs or the ASX.

An Explanatory Memorandum accompanies the Notice and provides additional information on the Resolutions to be considered at the Meeting. The Explanatory Memorandum forms part of the Notice and should be read in conjunction with it. We refer Shareholders to the Glossary in the Explanatory Memorandum which contains definitions of certain capitalised terms used in this Notice and the Explanatory Memorandum.

Shareholders are strongly encouraged to vote by lodging a directed proxy appointing the Chairman before 11.30 a.m. Sunday 4 April 2021. Proxies can be lodged in accordance with the instructions on the personalised proxy form. Arrangements will be made for direct voting at the virtual Meeting.

The Company will accept and answer questions submitted at least two business days prior to the Meeting by email to the Company Secretary at jclyne@clynecorporate.com.au. Shareholders will also be able to submit written questions during the Meeting once logged in. The Company reserves the right to not respond to any unreasonable and/or offensive questions at its discretion.

Because the conditions and potential restrictions and other requirements for meetings relating to COVID-19 are rapidly changing, if it becomes necessary or appropriate to make alternative arrangements to those set out in the Notice of EGM, the Company will announce the alternative arrangements to ASX. Shareholders are encouraged to check for announcements at the ASX website www.asx.com.au, search code “CBE”.

Further information on how to vote and participate in the virtual Meeting is contained in the Online Voting User Guide lodged with the ASX and attached to the Notice. Alternatively, if you have been nominated as a third party proxy, or for any enquiries relating to virtual participation in the Meeting or accessing the Lumi AGM platform, please contact the Company’s Share Registry, Boardroom Pty Ltd, on 1300 737 760 or +61 02 9290 9600.

For more information about the EGM, please contact:

Martin C Holland Justin Clyne Executive Chairman and Managing Director Company Secretary holland@cobre.com.au jclyne@clynecorporate.com.au +61 2 9048 8856