LINDIAN RESOURCES LIMITED — Capital/Financing Update 2018

Aug 13, 2018

14 August 2018 ASX Announcement

Lindian Resources Limited – Information disclosed under ASX LR 7.1A.4(b) and 3.10.5A

Further to the Appendix 3B lodged by Lindian Resources Limited (“Lindian”) on 14 August 2018, Lindian provides the following information under ASX Listing Rule 3.10.5A:

(a) Details of the dilution to the existing holders of ordinary securities caused by the issue are as follows:

A total of 60,000,000 were issued under the placement and 6,666,667 were issued pursuant to a facilitation agreement. A total of 39,885,455 shares are issued pursuant to Listing Rule 7.1 (representing 11.92% of the post-placement capital) and 26,781,212 shares were issued under the Placement pursuant to Listing Rule 7.1A (representing 8.01% of the post-placement capital).

The percentage of the post-placement capital held (in aggregate) is as follows:

• pre-placement security holders who did not participate in the placement – 91.99%

• pre-placement security holders who did participate in the

• placement – 1.61%

• participants in the placement who were not previously security

• holders – 6.39%

(b) Lindian considered the placement to sophisticated investors was in this instance the most efficient to raise the required funds in the shortest amount of time. The Company believes that the time required to conduct another type of offer e.g. a pro rata or other type of offer to existing shareholders did not fit with these requirements.

(c) The placement was not underwritten.

(d) A 6% commission was incurred by Lindian in connection with the money raised from the broker.

Yours sincerely

Suraj Sanghani Company Secretary

END

1