DEEP YELLOW LIMITED — Share Issue/Capital Change 2017

Jan 24, 2017

Notification of Consolidation/Split

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Notification of Consolidation/Split

Announcement Summary

Entity name

DEEP YELLOW LIMITED

Applicable security for the reorganisation

DYL ORDINARY FULLY PAID DYLAQ PERFORMANCE RIGHT

Announcement Type

New Announcement

Date of this announcement Wednesday January 25, 2017

Reorganisation type

Security consolidation

Effective Date Thursday March 2, 2017

Record Date Friday March 3, 2017

Issue Date

Friday March 10, 2017

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

1.1 *Name of +Entity

DEEP YELLOW LIMITED

Registration Number

1.2 *Registered Number Type

ABN 97006391948

1.3 *ASX issuer code

DYL

1.4 *The announcement is

New announcement

1.5 *Date of this announcement

Wednesday January 25, 2017

1.6 *Securities affected by the reorganisation

Notification of Consolidation/Split

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Notification of Consolidation/Split

ORDINARY FULLY PAID PERFORMANCE RIGHT

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DYL DYLAQ

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

Approval/Condition Date for determination Is the date estimated Approval +Security holder Tuesday February 28, or actual? received/condition approval 2017 Actual met? [Select...] Comments**

Part 3 - Reorganisation timetable and details

3.1 *+Record date

Friday March 3, 2017

3.2 Date of +security holder meeting

Tuesday February 28, 2017

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

Wednesday March 1, 2017

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.

Thursday March 2, 2017

3.5 Record date

Friday March 3, 2017

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

Monday March 6, 2017

Notification of Consolidation/Split

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Notification of Consolidation/Split

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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

Friday March 10, 2017

3.8 Trading starts on a normal T+2 basis

Monday March 13, 2017

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

Wednesday March 15, 2017

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

20

(pre-consolidation) +securities will be consolidated into

1

(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 reorganisation

5.1 *+Securities on issue before and after the reorganisation

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ASX +Security Code ASX +Security
DYL Description
ORDINARY FULLY
PAID
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Quoted before reorganisation reorganisation Estimated
2,591,578,672 129,578,934
ASX +Security Code ASX +Security
DYLAQ Description
PERFORMANCE
RIGHT
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Unquoted before reorganisation reorganisation Estimated
14,185,000 709,250
5.2 Exercise price of options
ASX +Security Code ASX +Security Description
DYLAQ PERFORMANCE RIGHT
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Notification of Consolidation/Split

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Notification of Consolidation/Split

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Quoted/unquoted Exercise price before Exercise price after Unquoted reorganisation reorganisation AUD 0.00000000 AUD 0.00000000

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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