Lachlan Star Limited — Share Issue/Capital Change 2018

Mar 6, 2018

Notification of Consolidation/Split

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Notification of Consolidation/Split

Announcement Summary

Entity name

LACHLAN STAR LIMITED

Applicable security for the reorganisation

LSA ORDINARY FULLY PAID LSAAI OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

Announcement Type

New Announcement

Date of this announcement Wednesday March 7, 2018

Reorganisation type

Security consolidation

Effective Date

Wednesday March 21, 2018

Record Date

Thursday March 22, 2018

Issue Date

Thursday March 29, 2018

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

*1.1 Name of +Entity

LACHLAN STAR LIMITED

Registration Number

*1.2 Registered Number Type

ACN 000759535

*1.3 ASX issuer code

LSA

*1.4 The announcement is

New announcement

*1.5 Date of this announcement

Wednesday March 7, 2018

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*1.6 Securities affected by the reorganisation

LSA ORDINARY FULLY PAID LSAAI OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

Part 2 - Approvals

*2.1 Are any of the below approvals required for the reorganisation before business day 0 of the timetable?

• Security holder approval Court approval Lodgement of court order with +ASIC ACCC approval

• FIRB approval

• Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the reorganisation.

Yes

2.2 Approvals

**Approval/Condition Date for determination Is the date estimated Approval +Security holder Monday March 19, or actual? received/condition approval 2018 Actual met? No Comments

Shareholder meeting to be held on 19 March 2018

Part 3 - Reorganisation timetable and details

*3.1 +Record date

Thursday March 22, 2018

3.2 Date of +security holder meeting

Monday March 19, 2018

3.3 Last day for trading in the pre-re-organised +securities

Tuesday March 20, 2018

*3.4 Effective date. Trading in the re-organised securities commences on a +deferred settlement basis. If the +entity's securities are suspended from trading during this period there will be no +deferred settlement trading however ASX still captures this date.

Wednesday March 21, 2018

3.5 Record date

Thursday March 22, 2018

3.6 First day for +entity to send notices to +security holders of the change in the number of +securities they hold. First day for +entity to register +securities on a post-reorganised basis Friday March 23, 2018

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*3.7 +Issue date. +Deferred settlement market ends. Last day for +entity to send notices to

+security holder of the change in the number of +securities they hold. Last day for +entity to register +securities on a post-reorganised basis

Thursday March 29, 2018

3.8 Trading starts on a normal T+2 basis

Tuesday April 3, 2018

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis Thursday April 5, 2018

Part 4 - Reorganisation type and details

*4.1 The reorganisation is

+Security consolidation

*4.1a Consolidation ratio: the +securities will be consolidated on the basis that every

5

(pre-consolidation) +securities will be consolidated into

1

(post-consolidation) +security (/ies).

*4.2 Scrip fraction rounding

Fractions rounded up to the next whole number

Part 5 - +Securities on issue before and after reorganisation

*5.1 +Securities on issue before and after the reorganisation

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----- Start of picture text ----- *ASX +Security Code *ASX +SecurityLSA DescriptionORDINARY FULLYPAIDQuoted/unquoted Number on issue Number on issue after Estimate/ActualQuoted before reorganisation reorganisation Estimated165,393,259 33,078,652*ASX +Security Code *ASX +SecurityLSAAI DescriptionOPTION EXPIRINGVARIOUS DATES EXVARIOUS PRICESQuoted/unquoted Number on issue Number on issue after Estimate/ActualUnquoted before reorganisation reorganisation Estimated2,050,000 410,000----- End of picture text -----

*5.2 Exercise price of options

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**ASX +Security Code ASX +Security Description LSAAI OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES Quoted/unquoted Exercise price before Exercise price after Unquoted reorganisation reorganisation AUD 0.00000000 AUD 0.00000000 Part 6 - Further information 6.1 Further information relating to the reorganisation 6.2 Additional information for inclusion in the Announcement Summary

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