MINBOS RESOURCES LIMITED — Share Issue/Capital Change 2017

Nov 22, 2017

Notification of Consolidation/Split

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Notification of Consolidation/Split

Announcement Summary

Entity name

MINBOS RESOURCES LIMITED

Applicable security for the reorganisation

MNB ORDINARY FULLY PAID MNBAA PERFORMANCE RIGHTS Announcement Type New Announcement Date of this announcement Thursday November 23, 2017

Reorganisation type

Security consolidation Effective Date Wednesday November 29, 2017 Record Date Thursday November 30, 2017 Issue Date Thursday December 7, 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

New announcement

1.5 *Date of this announcement

Thursday November 23, 2017

1.6 *Securities affected by the reorganisation

Notification of Consolidation/Split

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Notification of Consolidation/Split

ORDINARY FULLY PAID PERFORMANCE RIGHTS

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MNB MNBAA

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

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**

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

Notification of Consolidation/Split

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Notification of Consolidation/Split

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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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Notification of Consolidation/Split

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Notification of Consolidation/Split

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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.

6.2 Additional information for inclusion in the Announcement Summary

Notification of Consolidation/Split

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