ELEMENTOS LIMITED — Share Issue/Capital Change 2021

Nov 30, 2021

Notification of Consolidation/Split

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Announcement Summary

Entity name

ELEMENTOS LIMITED

Applicable security for the reorganisation

ELT ORDINARY FULLY PAID ELTAY OPTION EXPIRING 30-APR-2022 EX $0.015 ELTAA PERFORMANCE RIGHTS ELTAC OPTION EXPIRING 31-AUG-2022 EX 0.9C

Announcement Type

Update to previous announcement

Date of this announcement

1/12/2021

Reason for the Update

Shareholder approval has been received, and final consolidation numbers can now be advised (numbers changed due to rounding and option exercises that occurred since previous consolidation announcement).

Refer to below for full details of the announcement

Notification of Consolidation/Split

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Notification of Consolidation/Split

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Announcement Details

Part 1 - Entity and announcement details

1.1 Name of +Entity

ELEMENTOS LIMITED

1.2 Registered Number Type Registration Number ACN 138468756

1.3 ASX issuer code

ELT

1.4 The announcement is

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Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Shareholder approval has been received, and final consolidation numbers can now be advised (numbers changed due to rounding and option exercises that occurred since previous consolidation announcement).

1.4b Date of previous announcement(s) to this update

22/10/2021

1.5 Date of this announcement

1/12/2021

1.6 Securities affected by the consolidation or split

ASX +Security Code	ASX +Security Description
ELT	ORDINARY FULLY PAID
ELTAY	OPTION EXPIRING 30-APR-2022 EX $0.015
ELTAA	PERFORMANCE RIGHTS
ELTAC	OPTION EXPIRING 31-AUG-2022 EX 0.9C

Notification of Consolidation/Split

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Notification of Consolidation/Split

Part 2 - Approvals

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• 2.1 Are any of the below approvals required for the consolidation or split 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 consolidation or split.

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Yes

2.2 Approvals

Approval/Condition Date for determination +Security holder approval 23/11/2021

Is the date estimated or Approval actual? received/condition met? Actual Yes

Comments

Part 3 - Consolidation or split timetable and details

3.1 +Record date

26/11/2021

3.2 Date of +security holder meeting

23/11/2021

3.2a Effective date of consolidation or split

23/11/2021

3.3 Last day for trading in the pre consolidation or split +securities

24/11/2021

3.4 Trading in the post consolidation or split +securities commences on a deferred settlement basis.

25/11/2021

3.5 Record date

26/11/2021

3.6 First day for entity to update its register and to send holding statements to +security holders reflecting the change in the number of +securities they hold.

29/11/2021

3.7 Last day for entity to update its register and send holding statements to +security holders reflecting the change in the number of +securities they hold and to notify ASX that this has occurred. (+Issue Date)

3/12/2021

Notification of Consolidation/Split

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Notification of Consolidation/Split

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3.8 Trading starts on a normal T+2 basis

6/12/2021

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

8/12/2021

Part 4 - Event type and details

4.1 The event is

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+Security consolidation

4.1a Consolidation ratio: the +securities will be consolidated on the basis that every

25

(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 consolidation or split

5.1 +Securities on issue before and after the consolidation or split

ASX +Security Code	ASX +Security Description
ELT	ORDINARY FULLY PAID
Quoted/unquoted	Number on issue pre	Number on issue post	Estimate/Actual
Quoted	consolidation or split	consolidation or split	Actual
	4,052,671,223	162,483,217
ASX +Security Code	ASX +Security Description
ELTAY	OPTION EXPIRING 30-APR-2022 EX $0.015
Quoted/unquoted	Number on issue pre	Number on issue post	Estimate/Actual
Unquoted	consolidation or split	consolidation or split	Actual
	311,750,000	12,260,000
ASX +Security Code	ASX +Security Description
ELTAA	PERFORMANCE RIGHTS
Quoted/unquoted	Number on issue pre	Number on issue post	Estimate/Actual
Unquoted	consolidation or split	consolidation or split	Actual
	82,500,000	3,300,000

Notification of Consolidation/Split

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Notification of Consolidation/Split

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ASX +Security Code	ASX +Security Description
ELTAC	OPTION EXPIRING 31-AUG-2022 EX 0.9C
Quoted/unquoted	Number on issue pre	Number on issue post		Estimate/Actual
Unquoted	consolidation or split	consolidation or split		Actual
	187,595,201	7,338,011
5.2 Exercise price of options
ASX +Security Code	ASX +Security Description
ELTAY	OPTION EXPIRING 30-APR-2022 EX $0.015
Quoted/unquoted	Exercise price pre consolidation or		Exercise price post consolidation or
Unquoted	split		split
	0.01500000		0.37500000
ASX +Security Code	ASX +Security Description
ELTAA	PERFORMANCE RIGHTS
Quoted/unquoted	Exercise price pre consolidation or		Exercise price post consolidation or
Unquoted	split		split
	0.00000000		0.00000000
ASX +Security Code	ASX +Security Description
ELTAC	OPTION EXPIRING 31-AUG-2022 EX 0.9C
Quoted/unquoted	Exercise price pre consolidation or		Exercise price post consolidation or
Unquoted	split		split
	0.00900000		0.22500000

Part 6 - Further information

6.1 Further information relating to the consolidation or split

6.2 Additional information for inclusion in the Announcement Summary

Notification of Consolidation/Split

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