GALAN LITHIUM LIMITED — Major Shareholding Notification 2021

Feb 3, 2021

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ACN 149 349 646
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4 February 2021

ASX Market Announcements

Revised Form 603 (Notice of initial substantial holder)

We refer to the Form 603 (Notice of initial substantial holder) originally lodged on 1 February 2021.

Attached is a revised Form 603 for IPConcept (Luxembourg) S.A. (Thematica – Future Mobility) that includes a change in the date the holder became a substantial holder and the voting power percentage.

Yours faithfully

Mike Robbins Company Secretary

_______________ Level 3, 30 Richardson Street, West Perth, WA 6005 PO Box 396, West Perth, WA, 6872 Ph. +61 8 9322 6283 Fax. +61 8 9322 6398

www.galanlithium.com.au

603 page 1/2 15 July 2001

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme

Galan Lithium Ltd.

ACN/ARSN

149 349 646

1. Details of substantial holder (1)

Name

ACN/ARSN (if applicable)

IPConcept (Luxembourg) S.A.

N/A

The holder became a substantial holder on

29 01 2021/ /

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
Ordinary shares	13,541,865	13,541,865	5,927%
			Total Voting Shares: 228.447.713 Publication Appendix 2A 29.01.2021

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

llows:
Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
IPConcept (Luxembourg) S.A.	Buy shares	Ordinary shares 13,541,865

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant Registered holder of Person entitled to be Class and number interest securities registered as holder (8) of securities IPConcept (Luxembourg) S.A. DZ Privatbank S.A as custodian Thematica - Future Mobility shares 13,541,865

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)	Consideration (9)	Class and number of securities
see Annexure B		Cash	Non-cash

603 page 2/2 15 July 2001

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

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Name and ACN/ARSN (if applicable) Nature of association
7. Addresses
The addresses of persons named in this form are as follows:
Name Address
IPConcept (Luxembourg) S.A. Rue Thomas Edison 4, B.P. 661, L-1445 Luxembourg
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Signature

print name Susanne Mohn / Michael Clemens capacity Risk Management sign here date 03 / 02 / 2021

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.

• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.

• (6) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (7) Include details of:

• (a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

• See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (8) If the substantial holder is unable to determine the identity of the person ( eg. if the relevant interest arises because of an option) write "unknown".

• (9) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

603 GUIDE page 1/1 13 March 2000

GUIDE This guide does not form part of the prescribed form and is included by ASIC to assist you in completing and lodging form 603.

Signature

This form must be signed by either a director or a secretary of the substantial holder.

• Nil Nil Nil (a) If additional space is required to complete a question, the information may be included on a separate piecea) If additional space is required to complete a question, the information may be included on a separate piece of paper annexed to the form.

• (b)This notice must be given to a listed company, or the responsible entity for a listed managed investment scheme. A copy of this notice must also be given to each relevant securities exchange.

• (c) The person must give a copy of this notice: (i) within 2 business days after they become aware of the information; or (ii) by 9.30 am on the next trading day of the relevant securities exchange after they become aware of the information if: (A) a takeover bid is made for voting shares in the company or voting interests in the scheme; and (B) the person becomes aware of the information during the bid period.

• To make any annexure conform to the regulations, you must

• 1 use A4 size paper of white or light pastel colour with a margin of at least 10mm on all sides 2 show the corporation name and ACN or ARBN 3 number the pages consecutively 4 print or type in BLOCK letters in dark blue or black ink so that the document is clearly legible when photocopied

• 5 identify the annexure with a mark such as A, B, C, etc 6 endorse the annexure with the words: This is annexure (mark) of (number) pages referred to in form (form number and title)

• 7 sign and date the annexure The annexure must be signed by the same person(s) who signed the form.

Lodging period Nil Lodging Fee Nil Other forms to be Nil completed Additional information (a) If additional space is required to complete a question, the information may be included on a separate piecea) If additional space is required to complete a question, the information may be included on a separate piece of paper annexed to the form. (b)This notice must be given to a listed company, or the responsible entity for a listed managed investment scheme. A copy of this notice must also be given to each relevant securities exchange. (c) The person must give a copy of this notice:

(i) within 2 business days after they become aware of the information; or (ii) by 9.30 am on the next trading day of the relevant securities exchange after they become aware of the information if: (A) a takeover bid is made for voting shares in the company or voting interests in the scheme; and (B) the person becomes aware of the information during the bid period.

Annexures

• 4 print or type in BLOCK letters in dark blue or black ink so that the document is clearly legible when photocopied

Information in this guide is intended as a guide only. Please consult your accountant or solicitor for further advice.

Annexure B

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows.

Holder of relevant interest	Date of acquisition	Consideration		Class and number of securities
		Cash	Non- Cash
IPConcept (Luxemburg) S.A.	Trade Date 26.01.21	4.000.000,00 AUD	-	Ordinary Shares 8.000.000
IPConcept (Luxemburg) S.A.	Corporations Act 08.01.21	178.750,00 AUD	-	Ordinary Shares 715.000
IPConcept (Luxemburg) S.A.	Trade Date 29.12.20	255.084,57 AUD	-	Ordinary Shares 707.507
IPConcept (Luxemburg) S.A.	Trade Date 24.12.20	11.986,00 AUD	-	Ordinary Shares 34.690
IPConcept (Luxemburg) S.A.	Trade Date 23.12.20	375.041,60 AUD	-	Ordinary Shares 1.093.107
IPConcept (Luxemburg) S.A.	Trade Date 22.12.20	239.626,24 AUD	-	Ordinary Shares 738.099
IPConcept (Luxemburg) S.A.	Trade Date 14.10.20	200.000,06 AUD	-	Ordinary Shares 1.538.462