METALS AUSTRALIA LTD — Share Issue/Capital Change 2021

Dec 20, 2021

Notification of Consolidation/Split

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Announcement Summary

Entity name

METALS AUSTRALIA LTD

Applicable security for the reorganisation

MLS ORDINARY FULLY PAID MLSOB OPTION EXPIRING 01-JUN-2022 MLSAA OPTION EXPIRING 01-DEC-2023 EX 0.35C

Announcement Type

New Announcement

Date of this announcement

20/12/2021

Reorganisation type

Security consolidation

Trading in the post consolidation or split +securities commences on a deferred settlement basis 14/2/2022

Record Date

15/2/2022

Issue Date

22/2/2022

Refer to below for full details of the announcement

Notification of Consolidation/Split

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Notification of Consolidation/Split

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Announcement Details

Part 1 - Entity and announcement details

1.1 Name of +Entity

METALS AUSTRALIA LTD 1.2 Registered Number Type Registration Number ACN 008982474 1.3 ASX issuer code MLS 1.4 The announcement is New announcement

1.5 Date of this announcement

20/12/2021

1.6 Securities affected by the consolidation or split

ASX +Security Code ASX +Security Description MLS ORDINARY FULLY PAID MLSOB OPTION EXPIRING 01-JUN-2022 MLSAA OPTION EXPIRING 01-DEC-2023 EX 0.35C

Part 2 - Approvals

2.1 Are any of the below approvals required for the consolidation or split 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 consolidation or split.

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Yes

2.2 Approvals

Approval/Condition Date for determination Is the date estimated or Approval actual? received/condition met? +Security holder approval 27/1/2022 Actual No

Comments

An Annual General Meeting seeking approval for the Consolidation is set for 27 January 2022.

Part 3 - Consolidation or split timetable and details

3.1 +Record date

15/2/2022

3.2 Date of +security holder meeting

27/1/2022

3.2a Effective date of consolidation or split

10/2/2022

3.3 Last day for trading in the pre consolidation or split +securities

11/2/2022

3.4 Trading in the post consolidation or split +securities commences on a deferred settlement basis.

14/2/2022

3.5 Record date

15/2/2022

3.6 First day for entity to update its register and to send holding statements to +security holders reflecting the change in the number of +securities they hold.

16/2/2022

3.7 Last day for entity to update its register and send holding statements to +security holders reflecting the change in the number of +securities they hold and to notify ASX that this has occurred. (+Issue Date) 22/2/2022

3.8 Trading starts on a normal T+2 basis

23/2/2022

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis

25/2/2022

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Notification of Consolidation/Split

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Part 4 - Event type and details

4.1 The event is

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+Security consolidation

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

20

(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 consolidation or split

5.1 +Securities on issue before and after the consolidation or split

ASX +Security Code	ASX +Security Description
MLS	ORDINARY FULLY PAID
Quoted/unquoted	Number on issue pre	Number on issue post	Estimate/Actual
Quoted	consolidation or split	consolidation or split	Estimated
	5,238,557,359	261,927,868
ASX +Security Code	ASX +Security Description
MLSOB	OPTION EXPIRING 01-JUN-2022
Quoted/unquoted	Number on issue pre	Number on issue post	Estimate/Actual
Quoted	consolidation or split	consolidation or split	Estimated
	2,734,660,799	136,733,040
ASX +Security Code	ASX +Security Description
MLSAA	OPTION EXPIRING 01-DEC-2023 EX 0.35C
Quoted/unquoted	Number on issue pre	Number on issue post	Estimate/Actual
Unquoted	consolidation or split	consolidation or split	Actual
	50,000,000	2,500,000
5.2 Exercise price of options
ASX +Security Code	ASX +Security Description
MLSOB	OPTION EXPIRING 01-JUN-2022
Quoted/unquoted	Exercise price pre consolidation or Exercise price post consolidation or

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	Quoted	split	split
		0.00350000	0.07000000
	ASX +Security Code	ASX +Security Description
	MLSAA	OPTION EXPIRING 01-DEC-2023 EX	0.35C
	Quoted/unquoted	Exercise price pre consolidation or	Exercise price post consolidation or
	Unquoted	split	split
		0.00350000	0.07000000
Part	6 - Further information

6.1 Further information relating to the consolidation or split

6.2 Additional information for inclusion in the Announcement Summary

Notification of Consolidation/Split

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