LAKE RESOURCES N.L. — Major Shareholding Notification 2023

Apr 26, 2023

604 page 1/2 15 July 2001

	604 page 1/2 15 July 2001	604 page 1/2 15 July 2001
	Form 604 Corporations Act 2001 Section671B Notice of change of interests of substantial holder
ToCompany Name/Scheme LAKE RESOURCES N.L. ACN/ARSN 079 471 980 1. Details of substantialholder(1) Name State Street Corporation and subsidiaries named in Annexures to this form ACN/ARSN(ifapplicable) There was a changein the interests of the substantial holder on 24/04/2023 The previous notice was given to the company on21/04/2023 The previous notice was dated 19/04/2023 2. Previous and present votingpower 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 when last required, and when now required, to give a substantial holding notice to the company or scheme, are asfollows: Class of securities (4) Previousnotice Present notice Person's votes Voting power(5) Person's votes Voting power(5) Ordinary 71,242,805 5.01% 85,742,763 6.03% 3. Changesinrelevantinterests Particulars of each changein,or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, sincethesubstantial holder was last required to give a substantial holding notice to the company or scheme are asfollows: Dateof change Person whose relevant interest changed Natureof change (6) Consideration givenin relation to change (7) Class and numberof securities affected Person's votes affected Annexure B & D 4. Present relevantinterests Particulars of each relevant interest of the substantial holder in voting securities after the change are asfollows: Holderof relevant interest Registered holderof securities Personentitled to be registered as holder (8) Natureof relevant interest (6) Class and numberof securities Person's votes Annexure A	LAKE RESOURCES N.L.
	079 471 980
	State Street Corporation and subsidiaries named in Annexures to this form

Information Classification: Limited Access

604 page 2/2 15 July 2001

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

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Name and ACN/ARSN (if applicable) Nature of association
follows:
Name Address
Annexure C
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6. Addresses

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

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Signature
print name Alok Maheshwary capacity Authorised signatory
sign here date 26/04/2023
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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 6 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 person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (6) 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.

• (7) 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.

• (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)

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

Information Classification: Limited Access

This is Annexure A referred to in Form 604 Notice of change of interests of substantial holder

Annexure A

______ 26 April 2023 Alok Maheshwary Authorised Signatory

4. Present relevant interests

Holder of relevant interest	Nature of Relevant Interest	Registered Holder of securities	Person Entitled to be registered as holder	Class and number of Securities	Class and number of Securities	Person's votes
SSGA FUNDS MANAGEMENT, INC.	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as investment manager or trustee	State Street Bank and Trust Co	n/a	Ordinary	2,479,513	2,479,513
STATE STREET GLOBAL ADVISORS EUROPE LIMITED	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as investment manager or trustee	Bank of New York Mellon	n/a	Ordinary	103,270	103,270
STATE STREET GLOBAL ADVISORS EUROPE LIMITED	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as investment manager or trustee	State Street Bank and Trust Co	n/a	Ordinary	109,779	109,779
STATE STREET GLOBAL ADVISORS LIMITED	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as investment manager or trustee	Bank of New York Mellon	n/a	Ordinary	208,671	208,671
STATE STREET GLOBAL ADVISORS LIMITED	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as investment manager or trustee	JPMorgan AG	n/a	Ordinary	7,313	7,313
STATE STREET GLOBAL ADVISORS TRUST COMPANY	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as investment manager or trustee	Bank of New York Mellon	n/a	Ordinary	488,598	488,598
STATE STREET GLOBAL ADVISORS TRUST COMPANY	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as investment manager or trustee	JPMorgan AG	n/a	Ordinary	169,521	169,521
STATE STREET GLOBAL ADVISORS TRUST COMPANY	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as investment manager or trustee	Northern Trust Company	n/a	Ordinary	113,094	113,094
STATE STREET GLOBAL ADVISORS TRUST COMPANY	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as investment manager or trustee	State Street Bank and Trust Co	n/a	Ordinary	7,274,163	7,274,163
STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as investment manager or trustee	BNP Paribas	n/a	Ordinary	290,274	290,274
STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as investment manager or trustee	JPMorgan AG	n/a	Ordinary	6,317,347	6,317,347
STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as investment manager or trustee	Northern Trust Company	n/a	Ordinary	11,323,341	11,323,341
STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as investment manager or trustee	State Street Bank and Trust Co	n/a	Ordinary	16,224,559	16,224,559
STATE STREET BANK AND TRUST COMPANY	For borrowed and on-lent securities: Relevant interest under section 608(1) being the right, as lender, to recall shares under a securities loan	UNKNOWN	STATE STREET BANK AND TRUST COMPANY	Ordinary	1,012,385	1,012,385
STATE STREET BANK AND TRUST COMPANY	For Lent securities: Relevant interest under section 608(8A) being the holder of securities subject to an obligation to return under a securities lending agreement. State Street Bank and Trust Company has lent the securities and retains a relevant interest	AWARE SUPER PTY LTD AS TRUSTEE OF THE AWARE SUPER	AWARE SUPER PTY LTD AS TRUSTEE OF THE AWARE SUPER	Ordinary	7,136,108	7,136,108
STATE STREET BANK AND TRUST COMPANY	For Lent securities: Relevant interest under section 608(8A) being the holder of securities subject to an obligation to return under a securities lending agreement. State Street Bank and Trust Company has lent the securities and retains a relevant interest	CALSTRS	CALSTRS	Ordinary	1,420,407	1,420,407
STATE STREET BANK AND TRUST COMPANY	For Lent securities: Relevant interest under section 608(8A) being the holder of securities subject to an obligation to return under a securities lending agreement. State Street Bank and Trust Company has lent the securities and retains a relevant interest	INTERNATIONAL BUSINESS MACHINES CORPORATION	INTERNATIONAL BUSINESS MACHINES CORPORATION	Ordinary	191,302	191,302
STATE STREET BANK AND TRUST COMPANY	For Lent securities: Relevant interest under section 608(8A) being the holder of securities subject to an obligation to return under a securities lending agreement. State Street Bank and Trust Company has lent the securities and retains a relevant interest	LOS ANGELES COUNTY EMPLOYEES RETIREMENT ASSOCIATION	LOS ANGELES COUNTY EMPLOYEES RETIREMENT ASSOCIATION	Ordinary	302,361	302,361
STATE STREET BANK AND TRUST COMPANY	For Lent securities: Relevant interest under section 608(8A) being the holder of securities subject to an obligation to return under a securities lending agreement. State Street Bank and Trust Company has lent the securities and retains a relevant interest	MERCER GLOBAL INVESTMENTS MANAGEMENT LIMITED - MERCER QIF FUND PLC	MERCER GLOBAL INVESTMENTS MANAGEMENT LIMITED - MERCER QIF FUND PLC	Ordinary	147,192	147,192
STATE STREET BANK AND TRUST COMPANY	For Lent securities: Relevant interest under section 608(8A) being the holder of securities subject to an obligation to return under a securities lending agreement. State Street Bank and Trust Company has lent the securities and retains a relevant interest	MERCER GLOBAL INVESTMENTS MANAGEMENT LIMITED - MERCER UCITS CCF	MERCER GLOBAL INVESTMENTS MANAGEMENT LIMITED - MERCER UCITS CCF	Ordinary	277,671	277,671

Information Classification: Limited Access

STATE STREET BANK AND TRUST COMPANY	For Lent securities: Relevant interest under section 608(8A) being the holder of securities subject to an obligation to return under a securities lending agreement. State Street Bank and Trust Company has lent the securities and retains a relevant interest	RETAIL EMPLOYEES SUPERANNUATION TRUST	RETAIL EMPLOYEES SUPERANNUATION TRUST	Ordinary	1,044,548	1,044,548
STATE STREET BANK AND TRUST COMPANY	For Lent securities: Relevant interest under section 608(8A) being the holder of securities subject to an obligation to return under a securities lending agreement. State Street Bank and Trust Company has lent the securities and retains a relevant interest	SPROTT ASSET MANAGEMENT LP	SPROTT ASSET MANAGEMENT LP	Ordinary	228,584	228,584
STATE STREET BANK AND TRUST COMPANY	For Lent securities: Relevant interest under section 608(8A) being the holder of securities subject to an obligation to return under a securities lending agreement. State Street Bank and Trust Company has lent the securities and retains a relevant interest	SSGA	SSGA	Ordinary	1,606,473	1,606,473
STATE STREET BANK AND TRUST COMPANY	For Lent securities: Relevant interest under section 608(8A) being the holder of securities subject to an obligation to return under a securities lending agreement. State Street Bank and Trust Company has lent the securities and retains a relevant interest	SSGA FUNDS	SSGA FUNDS	Ordinary	239,966	239,966
STATE STREET BANK AND TRUST COMPANY	For Lent securities: Relevant interest under section 608(8A) being the holder of securities subject to an obligation to return under a securities lending agreement. State Street Bank and Trust Company has lent the securities and retains a relevant interest	SSGA SPDR INDEX SHARE FUNDS	SSGA SPDR INDEX SHARE FUNDS	Ordinary	1,996,162	1,996,162
STATE STREET BANK AND TRUST COMPANY	For Lent securities: Relevant interest under section 608(8A) being the holder of securities subject to an obligation to return under a securities lending agreement. State Street Bank and Trust Company has lent the securities and retains a relevant interest	THE REGENTS OF THE UNIVERSITY OF CALIFORNIA	THE REGENTS OF THE UNIVERSITY OF CALIFORNIA	Ordinary	1,500,000	1,500,000
STATE STREET BANK AND TRUST COMPANY	For Lent securities: Relevant interest under section 608(8A) being the holder of securities subject to an obligation to return under a securities lending agreement. State Street Bank and Trust Company has lent the securities and retains a relevant interest	TIAA - CREF	TIAA - CREF	Ordinary	1,076,781	1,076,781
STATE STREET BANK AND TRUST COMPANY	For Lent securities: Relevant interest under section 608(8A) being the holder of securities subject to an obligation to return under a securities lending agreement. State Street Bank and Trust Company has lent the securities and retains a relevant interest	VANECK ETF FUNDS	VANECK ETF FUNDS	Ordinary	22,453,380	22,453,380

Information Classification: Limited Access

This is Annexure B referred to in Form 604 Notice of change of interests of substantial holder

Annexure B

________ 26 April 2023 Alok Maheshwary Authorised Signatory 5. Consideration

Date of Change	Person whose relevant interest changed	Nature of Change	Consideration given in relation to Change	Class and number of Securities affected	Class and number of Securities affected	Person's Votes affected
24-Apr-23	STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED	In specie application	n/a	Ordinary	5,034	5,034
24-Apr-23	STATE STREET GLOBAL ADVISORS, INC.	In specie redemption	n/a	Ordinary	(5,076)	(5,076)
20-Apr-23	STATE STREET BANK AND TRUST COMPANY	Lending securities under a securities loan to THE BANK OF AMERICA GROUP – Refer Part A of Annexure D	n/a	Ordinary	200,000	200,000
24-Apr-23	STATE STREET BANK AND TRUST COMPANY	Lending securities under a securities loan to THE CITIGROUP GROUP – Refer Part A of Annexure D	n/a	Ordinary	55,452	55,452
20-Apr-23	STATE STREET BANK AND TRUST COMPANY	Lending securities under a securities loan to THE MACQUARIE GROUP – Refer Part A of Annexure D	n/a	Ordinary	2,000,000	2,000,000
20-Apr-23	STATE STREET BANK AND TRUST COMPANY	Lending securities under a securities loan to THE J.P. MORGAN CHASE GROUP – Refer Part A of Annexure D	n/a	Ordinary	219,721	219,721
24-Apr-23	STATE STREET BANK AND TRUST COMPANY	Lending securities under a securities loan to THE CITIGROUP GROUP – Refer Part A of Annexure D	n/a	Ordinary	1,044,548	1,044,548
20-Apr-23	STATE STREET BANK AND TRUST COMPANY	Lending securities under a securities loan to THE J.P. MORGAN CHASE GROUP – Refer Part A of Annexure D	n/a	Ordinary	228,584	228,584
20-Apr-23	STATE STREET BANK AND TRUST COMPANY	Lending securities under a securities loan to THE GOLDMAN SACHS GROUP – Refer Part A of Annexure D	n/a	Ordinary	73,775	73,775
20-Apr-23	STATE STREET BANK AND TRUST COMPANY	Lending securities under a securities loan to THE J.P. MORGAN CHASE GROUP – Refer Part A of Annexure D	n/a	Ordinary	320,632	320,632
20-Apr-23	STATE STREET BANK AND TRUST COMPANY	Lending securities under a securities loan to THE J.P. MORGAN CHASE GROUP – Refer Part A of Annexure D	n/a	Ordinary	1,500,000	1,500,000
20-Apr-23	STATE STREET BANK AND TRUST COMPANY	Lending securities under a securities loan to THE J.P. MORGAN CHASE GROUP – Refer Part A of Annexure D	n/a	Ordinary	1,076,781	1,076,781
20-Apr-23	STATE STREET BANK AND TRUST COMPANY	Lending securities under a securities loan to THE GOLDMAN SACHS GROUP – Refer Part A of Annexure D	n/a	Ordinary	926,225	926,225
20-Apr-23	STATE STREET BANK AND TRUST COMPANY	Lending securities under a securities loan to THE J.P. MORGAN CHASE GROUP – Refer Part A of Annexure D	n/a	Ordinary	6,854,282	6,854,282

Information Classification: Limited Access

This is Annexure C referred to in Form 604 Notice of change of interests of substantial holder

Annexure C

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______ 26 April 2023 Alok Maheshwary Authorised Signatory

6. Addresses

Name	Address
SSGA FUNDS MANAGEMENT,INC.	Channel Center,1 Iron Street,Boston MA 02210,United States
STATE STREET GLOBAL ADVISORS EUROPE LIMITED	78 Sir John Rogerson’sQuay,Dublin 2,Ireland
STATE STREET GLOBAL ADVISORS LIMITED	20 Churchill Place,London,England,E14 5HJ,United Kingdom
STATE STREET GLOBAL ADVISORS TRUST COMPANY	1 Iron Street,Boston MA 02210,United States
STATE STREET GLOBAL ADVISORS,AUSTRALIA,LIMITED	Level 15,420 George Street,SydneyNSW 2000,Australia
STATE STREET GLOBAL ADVISORS,INC.	1 Iron Street,Boston MA 02210,United States
STATE STREET BANK AND TRUST COMPANY	1 Lincoln Street,Boston MA 02111-2900,United States

Information Classification: Limited Access

This is Annexure D referred to in Form 604 Notice of change of interests of substantial holder

Annexure D

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______ 26 April 2023 Alok Maheshwary Authorised Signatory

State Street Bank and Trust Company will, if requested by the company or responsible entity to whom this form must be given under the Corporations Act 2001 (Cth) or if requested by the Australian Securities and Investment Commission (ASIC), provide a copy of the master securities lending agreement/s and security agreement/s referred to below to the company, responsible entity or ASIC.	State Street Bank and Trust Company will, if requested by the company or responsible entity to whom this form must be given under the Corporations Act 2001 (Cth) or if requested by the Australian Securities and Investment Commission (ASIC), provide a copy of the master securities lending agreement/s and security agreement/s referred to below to the company, responsible entity or ASIC.
Part A: For relevant interests arising out of lending securities - State Street Bank and Trust Company acquires relevant interest as lender of the securities under securities lending authorisation agreement, subject to obligation to return under the agreement. (State Street Bank and Trust Company has lent the securities and retains relevant interest as per Part B of this Annexure.)
Type of agreement	Securities Lending Authorisation Agreement/ Global Master Securities Lending Agreement/ Securities Loan Agreement
Parties to agreement	(1) State Street Bank and Trust Company (2) The entityreferred to in the relevantpart of Annexure B to this notice
Can the parties exercise voting rights attaching to the securities?	(1) No (2) Yes. (Borrower has the right to vote, but may on-lend securities)
If yes, in what circumstances	(1) Only if instructed to by the borrower (2) As determined by the owner of the securities
Transfer date	The dates on which the securities were delivered by State Street Bank and Trust Company as lender are set out in Annexure B to this notice
Scheduled return date	No scheduled return date
Does the borrower have the right to return the securities early?	No scheduled return date. Borrower can return securities or equivalent securities at any time subject to giving notice
Ifyes,in what circumstances	Borrower can return securities or equivalent securities at anytime subject togivingnotice
Does the lender have the right to recall the securities early (ie before the scheduled return date)?	No scheduled return date. Lender can require return of securities or equivalent securities at any time subject to givingnotice
Ifyes,in what circumstances	Lender can require return of securities or equivalent securities at anytime subject togivingnotice
Are there any circumstances in which the borrower is not required to return securities or equivalent securities on settlement?	No
Ifyes,detail anyexceptions	n/a
Part B: For relevant interests arising out of lending securities - State Street Bank and Trust Company acquires a relevant interest in securities through taking a security interest (“title transfer”) over the securities as collateral to secure a securities loan. (See Part A of this Annexure for securities loan details.)
Type of agreement	Global Master Securities Lending Agreement Securities LendingAuthorisation Agreement
Parties to agreement	(1) State Street Bank and Trust Company (2) The entityreferred to in the relevantpart of Annexure B to this notice
Can the parties exercise voting rights attaching to the securities?	(1) Yes, but only if the borrower defaults and ownership is enforced (2) Yes
If yes, in what circumstances	(1) Only if the borrower defaults and ownership is enforced (2) In accordance with ordinary rights as registered holder, either directly or through nominee holder
Transfer date	The dates on which the securities were transferred,as indicated in Annexure B to this notice
Scheduled return date	No scheduled return date. Securities collateral is returned on termination of related securities loan
Does the borrower have the right to have the securities returned early?	No scheduled return date. Securities collateral is returned on termination of related securities loan or the provision of alternative collateral
If yes, in what circumstances	At any time subject to returning the borrowed securities or equivalent securities or providing alternative collateral
Are there any circumstances in which the lender is not required to return securities collateral on settlement?	No, assuming the borrower returns the borrowed securities or equivalent securities
If yes, detail any exceptions	n/a (lender must return securities collateral if the borrower returns the borrowed securities or equivalent securities)

Information Classification: Limited Access