LATROBE MAGNESIUM LIMITED — Share Issue/Capital Change 2021

Nov 17, 2021

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

LATROBE MAGNESIUM LIMITED

Date of this announcement

Thursday November 18, 2021

The +securities the subject of this notification are:

Quoted options that have been exercised or other quoted +convertible securities that have been converted where the +securities received as a result of the exercise or conversion either are already quoted on ASX or are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

Total number of ASX +security +securities to be code Security description issued/transferred Issue date LMG ORDINARY FULLY PAID 569,434 18/11/2021

Refer to next page for full details of the announcement

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

LATROBE MAGNESIUM LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ABN

Registration number

52009173611

1.3 ASX issuer code

LMG

1.4 The announcement is

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New announcement

1.5 Date of this announcement

18/11/2021

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

Quoted options that have been exercised or other quoted +convertible securities that have been converted where the +securities received as a result of the exercise or conversion either are already quoted on ASX or are not intended to be quoted on ASX

2.2b The +securities being issued, transferred or re-classified as a result of the options being exercised or other +convertible securities being converted are:

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securities that have already been quoted on ASX ("existing class")

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by: A transfer of existing +securities

The underlying securities being received by the holder are: Already quoted by ASX

FROM (Existing Class) ASX +Security code and description LMGO : OPTION EXPIRING 26-OCT-2023 TO (Existing Class) ASX +Security code and description LMG : ORDINARY FULLY PAID Please state the number of options The first date the options were The last date the options were that were exercised or other exercised or other +convertible exercised or other +convertible +convertible securities that were securities were converted securities were converted converted 15/11/2021 17/11/2021 569,434 Is this all of the options or other +convertible securities on issue of that type? No Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? No

Date the +securities the subject of this notification were issued/transferred

18/11/2021

Any other information the entity wishes to provide about the +securities the subject of this notification

No

Issue details

Number of +securities

569,434

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
LMG : ORDINARY FULLY PAID	1,447,658,558
LMGO : OPTION EXPIRING 26-OCT-2023	59,430,567
4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
LMGAB : WARRANT EXPIRING 15-OCT-2022 EX 3C	23,325,000
LMGAA : WARRANT EXPIRING 01-MAR-2022 EX 2C	8,330,000

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

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