MINBOS RESOURCES LIMITED — Share Issue/Capital Change 2017

Nov 27, 2017

Notification of Consolidation/Split

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Notification of Consolidation/Split

Cancellation Summary

Entity name MINBOS RESOURCES LIMITED

Security on which the reorganisation was to be applicable

MNB ORDINARY FULLY PAID MNBAA PERFORMANCE RIGHTS Announcement Type Cancellation of previous announcement Date of this announcement Tuesday November 28, 2017 Reason for the cancellation The Share Consolidation was voted down at the Company AGM on the 27th of November 2017.

Refer to below for full details of the announcement

Announcement Details Part 1 - Entity and announcement details

1.1 *Name of +Entity MINBOS RESOURCES LIMITED Registration Number 1.2 *Registered Number Type ACN 141175493 1.3 *ASX issuer code MNB 1.4 *The announcement is Cancellation of previous announcement 1.4c *Reason for cancellation of previous announcement

The Share Consolidation was voted down at the Company AGM on the 27th of November 2017.

1.4d *Date of previous announcement(s) to this cancellation Thursday November 23, 2017 1.5 *Date of this announcement Tuesday November 28, 2017

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1.6 *Securities affected by the reorganisation

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MNB ORDINARY FULLY PAID
MNBAA PERFORMANCE RIGHTS
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Part 2 - Approvals

2.1 *Are any of the below approvals required for the reorganisation 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 reorganisation.

Yes

2.2 Approvals

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Approval/Condition Date for determination Is the date estimated Approval
+Security holder Monday November or actual? received/condition
approval 27, 2017 Actual met?
[Select...]
Comments
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Part 3 - Reorganisation timetable and details

3.1 *+Record date

Thursday November 30, 2017

3.2 Date of +security holder meeting

Monday November 27, 2017

3.3 Last day for trading in the pre-re-organised +securities

Tuesday November 28, 2017

3.4 *Effective date. Trading in the re-organised securities commences on a +deferred settlement basis. If the +entity's securities are suspended from trading during this period there will be no +deferred settlement trading however ASX still captures this date.

Wednesday November 29, 2017

3.5 Record date

Thursday November 30, 2017

3.6 First day for +entity to send notices to +security holders of the change in the number of +securities they hold. First day for +entity to register +securities on a post-reorganised basis

Friday December 1, 2017

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3.7 *+Issue date. +Deferred settlement market ends. Last day for +entity to send notices to

+security holder of the change in the number of +securities they hold. Last day for +entity to register +securities on a post-reorganised basis

Thursday December 7, 2017

3.8 Trading starts on a normal T+2 basis

Friday December 8, 2017

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

Tuesday December 12, 2017

Part 4 - Reorganisation type and details

4.1 *The reorganisation is

+Security consolidation

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

15

(pre-consolidation) +securities will be consolidated into

1

(post-consolidation) +security (/ies).

4.2 *Scrip fraction rounding

Fractions of 0.5 or more rounded up

Part 5 - +Securities on issue before and after reorganisation

5.1 *+Securities on issue before and after the reorganisation

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ASX +Security Code ASX +Security
MNB Description
ORDINARY FULLY
PAID
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Quoted before reorganisation reorganisation Estimated
2,458,505,660 327,800,754
ASX +Security Code ASX +Security
MNBAA Description
PERFORMANCE
RIGHTS
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Unquoted before reorganisation reorganisation Estimated
59,457,494 51,710,663
5.2 Exercise price of options
ASX +Security Code ASX +Security Description
MNBAA PERFORMANCE RIGHTS
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	Quoted/unquoted Unquoted	Exercise price before reorganisation AUD 0.00000000	Exercise price after reorganisation AUD 0.00000000

Part 6 - Further information

6.1 Further information relating to the reorganisation

Pre-Consolidation Securities to be issued under the Petril Acquisition are 2,458,505,660 which will convert into 163,900,377 securities. Pre-Consolidation Performance Rights to be issued under the Petril Acquisition are 775,659,952 which will convert into 51,710,663 Performance Rights and the current Performance Rights will lapse. These figures have been added into the final estimated figures at 5.1.

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