DEEP YELLOW LIMITED — Major Shareholding Notification 2024

Apr 1, 2024

Form 605 Corporations Act Section 671B

Notice of ceasing to be a substantial holder

• To: Deep Yellow Ltd (“DYL”, Ordinary Fully Paid)

1. Details of substantial shareholder

Citigroup Global Markets Australia Pty Limited (ACN 003 114 832) and each of the related bodies corporate in the Citi group of companies worldwide (for more details please visit www.citigroup.com).

The holder ceased being a substantial holder on 28 March 2024.

The previous notice had been given to the company on 27 March 2024.

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date ofchange	Person whoserelevant interestchanged andPerson’s votesaffected	Nature of Relevant Interest	Class andnumber ofsecuritiesaffected
28 March2024	Citigroup GlobalMarkets Limited	Citigroup Global Markets Limited holds adecreased relevant interest in theseshares pursuant to contracts entered intosubject to an obligation to return under asecurities lending agreement. Refer toAnnexure A.	-1,072,838Ordinary FullyPaid
28 March2024	Citibank, N.A.Sydney Branch	Citibank, N.A. Sydney Branch holds adecreased relevant interest in theseshares acting as Agent Lender and asthe holder of securities subject to anobligation to return under a securitieslending agreement. Refer to Annexure A.	-4,760,558Ordinary FullyPaid

3. Changes in association

The persons who have become associates of, ceased to be associates of, or have changed the nature of their association with, the substantial holder in relation to voting interests in the company or scheme are as follows:

company or scheme are as follows:
Name and ACN/ARSN (if applicable)	Nature of association
N/A	N/A

4. Addresses

The addresses of persons named in this form are as follows:

	Name	Address
		Citigroup Centre, Canary Wharf
Citigroup	Global Markets Limited	33 Canada Square
		London, E14 5LB, United Kingdom
Citibank,	N.A. Sydney Branch	Citigroup Centre2 Park St Sydney, NSW 2000 Australia

Dated this day, 2 April 2024.

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Annexure A

This is Annexure A of 2 pages referred to in Form 605 ‘Notice of ceasing to be a substantial holder’

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Schedule (Loan)
Type of Agreement	AMSLA/ GMSLA/MSLA
Parties to Agreement	Various
Transfer date	Various
Holder of voting rights	Borrower
Are there any restrictions on voting rights?	No
Scheduled returndate	Unknown
Does the borrower have the right to return**early? **	Yes
If yes, details	Standard AMSLA / GMSLA / MSLA terms
Does the lender have the right to recall**early? **	Yes
Ifyes, details	StandardAMSLA/ GMSLA/MSLAterms
Will the securities be returned on**settlement? **	n/a
Statement	If requested by the company to whom theprescribed form must be given, or if requestedby ASIC, Citi will give a copy of the AMSLA /GMSLA/MSLAto the company or ASIC.

Schedule (Agency Lending Agreement)	Schedule (Agency Lending Agreement)	Schedule (Agency Lending Agreement)
**Type **	of Agreement		SecuritiesLe	ndingAgencyAgreement (SLAA)
Partie	s to Agreement		Various
Circumstances under which the agentlender can exercise the authorisations inrelation to the securities			Agent Lender can only exercise authority, asagent, in relation to the lender’s securities asdefined and agreed in the Securities LendingAgencyAgreement.
Circumstances under which the agentlender is subject to any restrictions in howit can deal with the securities			Lenders will define the restrictions and/orsecurities lending parameters in the SecuritiesLending Agency Agreement entered into withthe lending agent. Such restrictions/parametersinclude specific designated accounts, lendablelimits, acceptable collateral and/or cashreinvestment guidelines.
Does the agent lender have the right torecall early?			Agent Lenders have the right to early recall onbehalf of Lender’s instructions. However, theexpectation is the Lender and Borrower wouldhave mutually agreed no sales/recall of thesecurities during the duration of the loan term.Hence, borrowers are not obligated to returnthe securities earlyfortermedloans.
If yes, details			Authorised under the standard SecuritiesLending Agency Agreement terms.
Statement			If requested by the company to whom theprescribed form must be given, or if requestedby ASIC, Citi will give a copy of theauthorisation agreement to the company orASIC.