DYNO NOBEL LIMITED. — Capital/Financing Update 2016

Aug 25, 2016

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Office of the Company Secretary

ABN 42 004 080 264

Registered Office: Level 8, 28 Freshwater Place Southbank Victoria 3006 Tel: (61 3) 8695 4400 Fax: (61 3) 8695 4419 www.incitecpivot.com.au

ASX ANNOUNCEMENT – 26 AUGUST 2016

Satisfaction of conditions precedent under long term gas agreement for Phosphate Hill Fertiliser Manufacturing Plant

Incitec Pivot Limited (ASX: IPL ) today announced that all conditions precedent have been satisfied under its long term gas supply agreement with Power and Water Corporation ( PWC ) for supply of gas to IPL’s Phosphate Hill manufacturing plant. Accordingly the gas supply agreement which was entered into on 17 November 2015 is now unconditional.

As notified to the market in November 2015, the PWC gas supply agreement will restore competitively priced gas to Phosphate Hill and is expected to result in gas costs decreasing by approximately $55 million per year as against the current cost.

Supply of gas under the agreement will commence on completion of the construction of the Northern Gas Pipeline (previously known at the North East Gas Interconnector) which will run from Tennant Creek to Mount Isa.

Daniella Pereira Company Secretary

Further Information:

Investors : Charles McGill T: +61 3 8695 4559 M: +61 457 575 390 E: charlie.mcgill@incitecpivot.com.au Media : Stewart Murrihy Chief Communications Officer T: +61 3 8695 4582 M: + 61 418 121 064 E: stewart.murrihy@incitecpivot.com.au

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