EV RESOURCES LTD — Share Issue/Capital Change 2017

Dec 13, 2017

Notification of Consolidation/Split

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Notification of Consolidation/Split

Announcement Summary

Entity name

SOUTH EAST ASIA RESOURCES LIMITED

Applicable security for the reorganisation

SXI ORDINARY FULLY PAID

Announcement Type

New Announcement

Date of this announcement

Wednesday December 13, 2017

Reorganisation type

Security consolidation

Effective Date

Monday December 18, 2017

Record Date

Tuesday December 19, 2017

Issue Date

Thursday December 21, 2017

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

*1.1 Name of +Entity

SOUTH EAST ASIA RESOURCES LIMITED

Registration Number

*1.2 Registered Number Type

ABN 66009144503

*1.3 ASX issuer code

SXI

*1.4 The announcement is

New announcement

*1.5 Date of this announcement

Wednesday December 13, 2017

*1.6 Securities affected by the reorganisation

Notification of Consolidation/Split

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Notification of Consolidation/Split

SXI

ORDINARY FULLY PAID

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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

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----- Start of picture text ----- Approval/Condition Date for determination Is the date estimated Approval+Security holder Friday October 6, or actual? received/conditionapproval 2017 Actual met?YesCommentsApproval/Condition Date for determination Is the date estimated ApprovalOther (please specify Wednesday or actual? received/conditionin comment section) December 13, 2017 Actual met?YesCommentsResolution 3 from 6 October 2017 meeting condition satisfied----- End of picture text -----

Part 3 - Reorganisation timetable and details

*3.1 +Record date

Tuesday December 19, 2017

3.2 Date of +security holder meeting

Friday October 6, 2017

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

Friday December 15, 2017

*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.

Monday December 18, 2017

3.5 Record date

Tuesday December 19, 2017

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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 Wednesday December 20, 2017

• *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 Thursday December 21, 2017

3.8 Trading starts on a normal T+2 basis

Friday December 22, 2017

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis Thursday December 28, 2017

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 20

• (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 +SecuritySXI DescriptionORDINARY FULLYPAIDQuoted/unquoted Number on issue Number on issue after Estimate/ActualQuoted before reorganisation reorganisation Actual1,689,605,582 89,530,536----- End of picture text -----

Part 6 - Further information

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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