EQ RESOURCES LIMITED — Capital/Financing Update 2019

Jul 22, 2019

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ABN: 77 115 009 106 (ASX: SEI)

Registered Office: Level 17 500 Collins Street Melbourne VIC 3000 Ph: (03) 9614 0600 Fax: (03) 9614 0550 www.specialitymetalsintl.com.au Postal: PO Box 1496 Mareeba QLD 4880

23 July 2019

Company Announcements Office ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000

Rights Issue Closed

Speciality Metals International Limited (ASX: SEI) (“SEI” “the Company”) refers to its pro rata non-renounceable rights issue (Rights Issue) of 1 new share for every 5 shares held at the Record Date at an issue price of 0.18 cents ($0.018) per share.

The Offer is underwritten by Rymill Global Ventures Ltd.

The Directors of the Company advise that the Rights Issue has now been closed.

The Company will make an announcement of any shortfall and the total number of new shares to be issued under the offer in accordance with the offer timetable.

If you have any queries concerning the Rights Issue, please contact your financial adviser or Mr Adrien Wing Secretary on +61 3 9614 0600.

For and on behalf of Speciality Metals International Limited

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Adrien Wing Company Secretary

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