EVOLUTION MINING LIMITED — Regulatory Filings 2016

Sep 19, 2016

==> picture [415 x 113] intentionally omitted <==

ASX Announcement

20 September 2016

==> picture [92 x 61] intentionally omitted <==

ABN: 74 084 669 036 P 02 9696 2900 F 02 9696 2901

Level 30 175 Liverpool Street, Sydney, NSW 2000 www.evolutionmining.com.au

SUCCESSFUL COMPLETION OF RETAIL SHORTFALL BOOKBUILD

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

Further to the announcement on 19 September 2016, Evolution Mining Limited (ASX:EVN) (“ Evolution ”) is pleased to announce the successful completion of the retail shortfall bookbuild (“ Retail Shortfall Bookbuild ”) as part of its fully underwritten 2-for-15 accelerated renounceable entitlement offer (the “ Offer ”).

Approximately 18 million retail entitlements were sold in the Retail Shortfall Bookbuild at a clearing price of A$2.35 per share. This represents a A$0.30 premium to the offer price of A$2.05 per share.

The A$0.30 premium will be dispatched to the renouncing and ineligible retail shareholders, less any applicable withholding tax, on or about Tuesday, 27 September 2016.

Shares taken up under the Retail Entitlement Offer are expected to be allotted on Monday, 26 September 2016 and will commence trading on Tuesday, 27 September 2016.

Evolution’s Executive Chairman, Jake Klein, commented:

“We are delighted by the support we have received from new and existing shareholders. The high level of demand in both the institutional and retail shortfall bookbuilds, and the share price performance post the Institutional Entitlement Offer, reflects strong support for the Ernest Henry transaction. It is also an endorsement of the continued delivery of our strategy to upgrade the quality of our asset portfolio. We welcome all new shareholders on to the register.”

For further information please contact:

Investor Enquiries

Bryan O’Hara Group Manager Investor Relations Evolution Mining Limited Tel: +61 2 9696 2900

Media Enquiries

Michael Vaughan Media Relations Fivemark Partners Tel: +61 422 602 720

About Evolution Mining

Evolution Mining is a leading, growth-focussed Australian gold miner. Following the sale of Pajingo, Evolution operates six wholly-owned mines – Cowal in New South Wales, Mt Carlton, Mt Rawdon, and Cracow in Queensland, and Mungari and Edna May in Western Australia. On 24 August 2016, Evolution announced that it was acquiring an economic interest in the Ernest Henry copper-gold operations in Queensland.

In FY16 Evolution produced 803,476 ounces of gold at an AISC of A$1,014 per ounce generating a net mine cash flow of A$428.2 million.

Assuming completion of the acquisition of an economic interest in Ernest Henry, Evolution has revised FY17 Group gold production guidance to 800,000 – 860,000 ounces at an AISC of A$900 – A$960 per ounce.

==> picture [414 x 113] intentionally omitted <==

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

This announcement does not constitute an offer, invitation or recommendation to subscribe for or purchase any securities and neither this announcement nor anything contained in it shall form the basis of any contract or commitment. In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or to any person acting for the account or benefit of a person in the United States, or in any other jurisdiction in which such an offer would be unlawful. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933 (the “Securities Act”), or under the securities laws of any state or other jurisdiction of the United States and may not be offered or sold, directly or indirectly, within the United States or to any person acting for the account or benefit of a person in the United States, unless the securities have been registered under the Securities Act or an exemption from the registration requirements of the Securities Act and applicable U.S. state securities laws is available.

This announcement is not financial product or investment advice, a recommendation to acquire New Shares or accounting, legal or tax advice. It has been prepared without taking into account the objectives, financial or tax situation or needs of individuals. Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial and tax situation and needs and seek appropriate legal and taxation advice.