DEVEX RESOURCES LIMITED — Share Issue/Capital Change 2018

Oct 28, 2018

Notification of Consolidation/Split

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Notification of Consolidation/Split

Announcement Summary

Entity name

DEVEX RESOURCES LIMITED

Applicable security for the reorganisation

DEV ORDINARY FULLY PAID DEVAI OPTION EXPIRING 30-NOV-2021 EX 2.5C DEVAJ OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

Announcement Type

New Announcement

Date of this announcement

Monday October 29, 2018

Reorganisation type

Security consolidation

Effective Date

Thursday November 29, 2018

Record Date

Friday November 30, 2018

Issue Date

Friday December 7, 2018

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

*1.1 Name of +Entity

DEVEX RESOURCES LIMITED

Registration Number

*1.2 Registered Number Type

ABN 74009799553

*1.3 ASX issuer code

DEV

*1.4 The announcement is

New announcement

Notification of Consolidation/Split

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Notification of Consolidation/Split

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*1.5 Date of this announcement

Monday October 29, 2018

*1.6 Securities affected by the reorganisation

DEV ORDINARY FULLY PAID DEVAI OPTION EXPIRING 30-NOV-2021 EX 2.5C DEVAJ OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

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 November or actual? received/condition approval 27, 2018 Actual met? [Select...] Comments

Part 3 - Reorganisation timetable and details

*3.1 +Record date

Friday November 30, 2018

3.2 Date of +security holder meeting

Tuesday November 27, 2018

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

Wednesday November 28, 2018

*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 November 29, 2018

3.5 Record date

Friday November 30, 2018

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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 December 3, 2018

*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 December 7, 2018

3.8 Trading starts on a normal T+2 basis

Monday December 10, 2018

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

Wednesday December 12, 2018

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

12

(pre-consolidation) +securities will be consolidated into

1

(post-consolidation) +security (/ies).

*4.2 Scrip fraction rounding

Fractions rounded up to the next whole number

Part 5 - +Securities on issue before and after reorganisation

*5.1 +Securities on issue before and after the reorganisation

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----- Start of picture text ----- *ASX +Security Code *ASX +SecurityDEV DescriptionORDINARY FULLYPAIDQuoted/unquoted Number on issue Number on issue after Estimate/ActualQuoted before reorganisation reorganisation Estimated1,103,276,188 91,939,682*ASX +Security Code *ASX +SecurityDEVAI DescriptionOPTION EXPIRING30-NOV-2021 EX2.5CQuoted/unquoted Number on issue Number on issue after Estimate/ActualUnquoted before reorganisation reorganisation Estimated19,800,000 1,650,000----- End of picture text -----

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----- Start of picture text ----- *ASX +Security Code *ASX +SecurityDEVAJ DescriptionOPTION EXPIRINGVARIOUS DATES EXVARIOUS PRICESQuoted/unquoted Number on issue Number on issue after Estimate/ActualUnquoted before reorganisation reorganisation Estimated16,200,000 1,350,0005.2 *Exercise price of options*ASX +Security Code *ASX +Security DescriptionDEVAI OPTION EXPIRING30-NOV-2021 EX 2.5CQuoted/unquoted Exercise price before Exercise price afterUnquoted reorganisation reorganisation0.02500000 0.30000000*ASX +Security Code *ASX +Security DescriptionDEVAJ OPTION EXPIRINGVARIOUS DATES EXVARIOUS PRICESQuoted/unquoted Exercise price before Exercise price afterUnquoted reorganisation reorganisation0.00000000 0.00000000Part 6 - Further information----- End of picture text -----

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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