ILUKA RESOURCES LIMITED — Major Shareholding Notification 2022

Jan 31, 2022

605 page 1/2

15 July 2001

Form 605 Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme Iluka Resources Limited. ACN/ARSN 008 675 018

1. Details of substantial holder (1)

Name Vanguard Group (The Vanguard Group, Inc. and its controlled entities including Vanguard Investments Australia Ltd. and those listed in Annexure A) ACN/ARSN (if applicable) N/A The holder ceased to be a substantial holder on 25 January 2022 The previous notice was given to the company on 18 January 2022 The previous notice was dated 18 January 2022

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person's votes affected
See Annexure A					The Vanguard Group Inc. now holds 4.998% of voting power

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
N/A	N/A

4. Addresses

The addresses of persons named in this form are as follows:

	Name		Address
	The Vanguard Group, Inc.		P.O. Box 2600, V26 Valley Forge, PA 19482 USA
			date 31 January 2022

605 page 2/2

15 July 2001

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 4 of the form.

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

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

• (4) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. 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.

• (5) 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.

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

• (7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

Annexure A

To Company ACN/ARSN Substantial Holder Name ACN/ARSN	ILUKA Resources Limited	ILUKA Resources Limited	ILUKA Resources Limited	ILUKA Resources Limited	ILUKA Resources Limited	ILUKA Resources Limited
	008 675 018
	Vanguard Group
	N/A
Date of change	Person whose relevant interest changed	Nature of Change(6)	Consideration given in relation to change(7)	Class	Number of securities affected	Person's votes affected
17-Jan-2022	The Vanguard Group,Inc.	BUY	10.97	Ordinary	767	767
19-Jan-2022	The Vanguard Group,Inc.	BUY	10.89	Ordinary	245	245
20-Jan-2022	The Vanguard Group,Inc.	BUY	10.87	Ordinary	248	248
20-Jan-2022	The Vanguard Group,Inc.	BUY	10.72	Ordinary	2,468	2,468
24-Jan-2022	The Vanguard Group,Inc.	BUY	10.50	Ordinary	18,975	18,975
17-Jan-2022	Vanguard Investments Australia Ltd.	BUY	10.97	Ordinary	4,404	4,404
18-Jan-2022	Vanguard Investments Australia Ltd.	BUY	11.00	Ordinary	4,290	4,290
19-Jan-2022	Vanguard Investments Australia Ltd.	BUY	10.89	Ordinary	5,148	5,148
19-Jan-2022	Vanguard Investments Australia Ltd.	BUY	10.89	Ordinary	1,650	1,650
19-Jan-2022	Vanguard Investments Australia Ltd.	BUY	10.89	Ordinary	1,980	1,980
21-Jan-2022	Vanguard Investments Australia Ltd.	BUY	10.69	Ordinary	4,300	4,300
21-Jan-2022	Vanguard Investments Australia Ltd.	BUY	10.69	Ordinary	5,160	5,160
24-Jan-2022	Vanguard Investments Australia Ltd.	SELL	10.59	Ordinary	(35,797)	(35,797)
25-Jan-2022	Vanguard Investments Australia Ltd.	SELL	10.32	Ordinary	(25,767)	(25,767)
25-Jan-2022	Vanguard Investments Australia Ltd.	BUY	10.25	Ordinary	2,640	2,640

This is Annexure A of 1 page referred to in Form 605, Notice of ceasing to be a substantial holder Signature: Name: Shawn Acker Capacity: Compliance Manager Date: 31 January 2022

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