EVOLUTION MINING LIMITED — Regulatory Filings 2016

Aug 23, 2016

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ABN 74 084 669 036

Sydney Office

24 August 2016

The Manager Market Announcements Office ASX Limited Level 4, Exchange Centre 20 Bridge Street Sydney NSW 2000

P +61 2 9696 2900 F +61 2 9696 2901

Level 30 175 Liverpool Street Sydney NSW 2022

www.evolutionmining.com.au

Dear Sir / Madam

Evolution Mining Limited (ASX Code: EVN)

Notice under section 708AA(2)(f) of the Corporations Act 2001 (Cth) as modified by ASIC Corporations (Non-Traditional Rights Issues) Instrument 2016/84

This notice is given by Evolution Mining Limited (ACN 084 669 036) ( Evolution ) under section 708AA(2)(f) of the Corporations Act 2001 (Cth) (the Act ) as modified by the Australian Securities & Investments Commission ( ASIC ) Corporations (Non-Traditional Rights Issues) Instrument 2016/84. Evolution has announced a 'low-doc' pro-rata renounceable entitlement offer (the Offer ) of 2 new Evolution shares ( New Shares ) for every 15 Evolution shares held as at 7.00pm (Sydney time) on 29 August 2016 by Evolution shareholders with a registered address in Australia and New Zealand and certain other jurisdictions in which Evolution decides to extend the Offer. Evolution advises the following.

• (a) The New Shares will be offered for issue without disclosure to investors under Part 6D.2 of the Act.

• (b) This notice is being given under section 708AA(2)(f) of the Act as modified by ASIC Corporations (Non-Traditional Rights Issues) Instrument 2016/84.

• (c) As at the date of this notice, Evolution has complied with:

• (i) the provisions of Chapter 2M of the Act as they apply to Evolution; and

• (ii) section 674 of the Act as it applies to Evolution;

• (d) As at the date of this notice, there is no 'excluded information' of the type referred to in sections 708AA(8) and 708AA(9) of the Act as modified by ASIC Corporations (Non-Traditional Rights Issues) Instrument 2016/84.

• (e) The potential effect that the issue of the New Shares will have on the control of Evolution, and the consequences of that effect, will depend on a number of factors, including investor demand and existing shareholdings.

As at the date of this notice, entities associated with La Mancha Group International B.V. hold in aggregate approximately 30% of the Evolution shares on issue and have agreed to take-up A$60m of their entitlements under the Offer (being equivalent to approximately 50% of their full pro rata entitlement under the Offer).

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Given the proposed participation in the Offer by entities associated with La Mancha Group International B.V. as described above, the structure of the Offer as a pro-rata underwritten issue and the current composition of the shareholder register, the Offer is not expected to have any material effect or consequence on the control of Evolution.

Yours sincerely

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________ Evan Elstein Company Secretary Evolution Mining Limited

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