MARMOTA LIMITED — Capital/Financing Update 2021

Jul 7, 2021

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8 July 2021

The Manager Market Announcements Australian Securities Exchange 20 Bridge Street SYDNEY NSW 2000

Cancellation of Options

Marmota Limited (ASX code: MEU) advises that the following unlisted options have been cancelled:

• 1.5 million Options Cancelled: exercise price of $0.10, expiry 23 August 2023

… pursuant to the terms and conditions of the Marmota Ltd Director & Employee Share Option Plan (ESOP) under which they were issued.

An Appendix 3H relating to this announcement has been lodged with the ASX.

Authorised for release by:

Lisa Askham-Levy Company Secretary Marmota Limited Tel: (08) 8294 0899

Marmota Limited | PO Box 117 Glenelg SA 5045 | P (08) 8294 0899 ABN 38 119 270 816 | www.marmota.com.au