MLG OZ LIMITED — Major Shareholding Notification 2021

Sep 22, 2021

604 page 1/3 15 July 2001

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme

MLG Oz Limited ( MLG )

ACN/ARSN 102 642 366

1. Details of substantial holder (1) Name MLG Oz Limited ACN/ARSN (if applicable) 102 642 366

There was a change in the interests of the substantial holder on 23/09/2021 The previous notice was given to the company on 04/05/2021 The previous notice was dated 04/05/2021

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice	Previous notice	Present notice	Present notice
	Person’s votes	Voting power(5)	Person’s votes	Voting power(5)
Fully paid ordinary shares	72,969,163	50.1%	54,726,872	37.6%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or

scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person’s votes affected
23/09/2021	MLG Oz Limited	Release of shares from voluntary escrow in accordance with the Voluntary Escrow Deed between MLG and Murray Ian Leahy dated 31 March 2021 (Voluntary Escrow Deed).	N/A	18,242,291 fully paid ordinary shares	18,242,291

604 page 2/3 15 July 2001

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person’s votes
MLG (and each of the MLG Oz Subsidiaries listed in Annexure A)	Murray Ian Leahy	Murray Ian Leahy	Taken under section 608(1)(c) of the_Corporations Act 2001_(Cth) (Corporations Act) to have a relevant interest arising from the power to control the disposal of securities pursuant to the Voluntary Escrow Deed (refer to the notice of initial substantial holder lodged on 4 May 2021 for more information). Pursuant to ASIC Class Order [CO 13/520], MLG Oz Limited only has a technical relevant interest in the voluntary escrow shares for the purposes of the substantial holder notice provisions of the Corporations Act. MLG does not have a right to acquire the voluntary escrow shares or to exercise or control the exercise of any right to vote attached to the voluntary escrow shares.	54,726,872 fully paid ordinary shares	54,726,872

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
N/A

6. Addresses

The addresses of persons named in this form are as follows:

Name Address MLG Oz Limited (and each person 10 Yindi Way, Broadwood, WA 6430 named in Annexure A)

Signature

print name sign here	Dennis Wilkins capacity Company Secretary
	date 23/09/2021

DIRECTIONS

(1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

604 page 3/3 15 July 2001

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (6) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

• See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included on any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

• (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write “unknown’”.

• (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

604 page 1/1 15 July 2001

Annexure A MLG Oz Subsidiaries

This is annexure “A" of 1 page (including this page) referred to in the Form 604, "Notice of change of interests of substantial holder".

_______ Dennis Wilkins Date: 23 September 2021

Entity name	ACN	ABN
MLG Cement & Lime Pty Ltd (a wholly owned subsidiary of MLG Oz Limited)	630 445 975	17 630 445 975
MLG Connect Pty Ltd (a wholly owned subsidiary of MLG Oz Limited)	645 245 745	76 645 245 745