IMAGE RESOURCES NL — Transaction in Own Shares 2021

Mar 21, 2021

Rule 3.8A

Appendix 3C

Announcement of buy-back ( except minimum holding buy-back)

Information and documents given to ASX become ASX’s property and may be made public.

Introduced 1/9/99. Origin: Appendix 7B. Amended 13/3/2000, 30/9/2001, 11/01/10

Name of entity		ABN/ARSN
Image Resources NL		063 977 579

We (the entity) give ASX the following information.

Information about buy-back

1	Type of buy-back	Employee share scheme buy back within 10/12
		limit
2	+Class of shares/units which is the	Ordinary shares
	subject of the buy-back_(eg,_
	ordinary/preference)
3	Voting rights_(eg, one for one) _	One for one
4	Fully paid/partly paid_(and if_	Fully paid
	partly paid, details of how much
	has been paid and how much is
	outstanding)
5	Number of shares/units in the	992,139,693
	+class on issue
6	Whether shareholder/unitholder	Not required
	approval is required for buy-back

• See chapter 19 for defined terms.

11/01/2010 Appendix 3C Page 1

• 7 Reason for buy-back

7 Reason for buy-back The shares were issued to employees under the Company’s Employee Share Plan ( ESP ) as part of the ESP grant in September 2019 and October 2020. Some of those employees have ceased employment with the Company and the loans made to the employees to fund the issue of the shares became repayable on the cessation of employment. In accordance with the terms of the ESP, the Board has determined that the Company will buy back and cancel the relevant shares, with the proceeds applied to offset the loans. 8 Any other information material to None a shareholder’s/unitholder’s decision whether to accept the offer (eg, details of any proposed takeover bid)

On-market buy-back

• 9 Name of broker who will act on N/A the company’s behalf

• 10 Deleted 30/9/2001. 11 If the company/trust intends to buy back a maximum number of shares - that number Note: This requires a figure to be included, not a percentage.

N/A

• 12 If the company/trust intends to buy back shares/units within a period of time - that period of time; if the company/trust intends that the buy-back be of unlimited duration - that intention

N/A

• 13 If the company/trust intends to N/A buy back shares/units if conditions are met - those conditions

Employee share scheme buy-back

• 14 Number of shares proposed to be 1,271,187 bought back

15Price to be offered for shares	$0.267 per share in respect of 401,299 shares to bebought back$0.195 per share in respect of 869,888 shares to bebought back

Selective buy-back

• 16 Name of person or description of N/A class of person whose shares are proposed to be bought back

• 17 Number of shares proposed to be N/A bought back

• 18 Price to be offered for shares N/A

Equal access scheme

• 19 Percentage of shares proposed to N/A be bought back

• 20 Total number of shares proposed N/A to be bought back if all offers are accepted

• 21 Price to be offered for shares N/A 22 +Record date for participation in N/A offer Cross reference: Appendix 7A, clause 9.

Compliance statement

1. The company is in compliance with all Corporations Act requirements relevant to this buy-back.

2. There is no information that the listing rules require to be disclosed that has not already been disclosed, or is not contained in, or attached to, this form.

Sign here: ............................................................ Date: 22 March 2021 (Company secretary)

Print name: Dennis Wilkins

• See chapter 19 for defined terms.

11/01/2010 Appendix 3C Page 3