Deterra Royalties Limited — Director's Dealing 2021

Jun 29, 2021

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30 June 2021

ASX Markets Announcement Office Exchange Centre 20 Bridge Street Sydney NSW 2000 Australia

Lodgement of Appendix 3B, Appendix 3G and Appendix 3Y

The Appendices described below and released to ASX by Deterra Royalties Limited (ASX: DRR) ( Deterra or the Company ) on 30 June 2021 relate to issues of securities and proposed issues of securities that have been previously disclosed by Deterra.

The previous disclosures were made in:

• the demerger booklet dated 10 September 2020 prepared by Iluka Resources Limited (ASX: ILU) ( Iluka ) in connection with demerger of Deterra from Iluka ( Demerger ) ( Demerger Booklet ); and

• Deterra's interim period report for the period ended 31 December 2020 ( Interim Period Report ).

On 2 November 2020, Deterra announced that the Demerger had been implemented.

On 24 February 2021, Deterra released its Interim Period Report.

The Interim Period Report provided details of the equity awards that have been, or were intended to be, made to certain members of Deterra's senior management under the Company's Executive Incentive Plan, Initial Equity Grant and Long Term Incentive Award ( Equity Awards ). Further details regarding the Equity Awards had been previously disclosed in section 2.13 of the Demerger Booklet. A copy of the Demerger Booklet is available on the ASX website (at www.asx.com.au) and the Deterra website (at https://deterraroyalties.com/).

The following notifications in connection with the Equity Awards, which are consistent with the previous disclosures, were released to ASX by Deterra on 30 June 2021:

• Appendix 3B – Proposed issue of securities (in respect of the 41,027 Restricted Shares proposed to be issued);

• Appendix 3G – Notification of issue, conversion or payment up of unquoted equity securities (in respect of the 522,862 Performance Rights issued on 23 November 2020); and

• Appendix 3Y – Change of Director's Interest Notice (in respect of the interests of Mr Julian Andrews, Managing Director & Chief Executive Officer of Deterra, in certain of the Restricted Shares and Performance Rights the subject of the Appendix 3B and Appendix 3G described above).

For the purposes of Listing Rule 18.7, Deterra provides the following information:

• (a) The late lodgement of the Appendix 3G and Appendix 3Y is due to an administrative oversight by the Company. As soon as the oversight was identified, the attached Appendix 3G and Appendix 3Y were lodged with ASX.

DETERRA ROYALTIES LIMITED reception@deterraroyalties.com deterraroyalties.com

LEVEL 5, 216 ST GEORGES TCE PERTH WA 6000

ABN: 88 641 743 348

+61 8 6277 8884

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• (b) Deterra has the following arrangements in place under Listing Rule 3.19B with its directors to ensure that it is able to meet its disclosure obligations under Listing Rule 3.19A:

  • (i) Deterra and its directors are aware of their obligations under the ASX Listing Rules, including Listing Rules 3.19A and 3.19B, and Deterra has reinforced these obligations with each director and its share registry. Each director has been provided with a copy of the Company's Security Dealing Policy; and

  • (ii) in accordance with Listing Rule 3.19B and ASX Listing Rule Guidance Note 22: Director Disclosure of Interests and Transactions in Securities – Obligations of Listed Entities , Deterra enters into Disclosure of Director's Interests Agreements with each of its directors on appointment to the Deterra Board. These agreements are regularly reviewed and formally updated at each meeting of the board of directors of Deterra.

• (c) Deterra confirms that following this incident, Deterra has reviewed its processes and believes that its disclosure arrangements are adequate and are being enforced and that this was an isolated incident which does not involve any substantive breach of the ASX Listing Rules.

This document was approved and authorised for release by Deterra’s Managing Director.

Ian Gregory

Company Secretary

Investor enquiries:

Robert Ward Manager Corporate Development and Investor Relations Mobile: + 61 (0) 431 596 831 Email: investor.relations@deterraroyalties.com

DETERRA ROYALTIES LIMITED reception@deterraroyalties.com deterraroyalties.com

LEVEL 5, 216 ST GEORGES TCE PERTH WA 6000

ABN: 88 641 743 348

+61 8 6277 8884