Mullen Group Ltd. — Regulatory Filings 2020

Feb 13, 2020

FORM 13-501F1 CLASS 1 REPORTING ISSUERS AND CLASS 3B REPORTING ISSUERS – PARTICIPATION FEE

MANAGEMENT CERTIFICATION

I, ________ P. Stephen Clark , an officer of the reporting issuer noted below have examined this Form 13-501F1 (the Form ) being submitted hereunder to the Alberta Securities Commission and certify that to my knowledge, having exercised reasonable diligence, the information provided in the Form is complete and accurate. _____ "Signed: P. Stephen Clark" _______ February 12, 2020 Name: Date: P. Stephen Clark Title: Chief Financial Officer

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Reporting Issuer Name: Mullen Group Ltd.
December 31, 2019
End date of previous financial year:
Type of Reporting Issuer: [ X ] Class 1 reporting [ ] Class 3B reporting
issuer issuer
Highest Trading Marketplace: Toronto Stock Exchange
Market value of listed or quoted equity securities:
MTL
Equity Symbol
01/01/19 31/03/19
1st Specified Trading Period (dd/mm/yy) __ to __
Closing price of the security in the class or series on the
last trading day of the specified trading period in which
such security was listed or quoted on the highest trading $ ___ 11.98
marketplace (i)
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Number of securities in the class or series of such security outstanding at the end of the last trading day of ___ 104,824,973 the specified trading period (ii) 1,255,803,176.54 (i) x (ii) $ ___ Market value of class or series (A) 01/04/19 30/06/19 2nd Specified Trading Period (dd/mm/yy) ___ to __ Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading $ ____ 9.50 marketplace (iii) Number of securities in the class or series of such 104,824,973 security outstanding at the end of the last trading day of ____ the specified trading period (iv) 995,837,243.50 (iii) x (iv) $ ____ Market value of class or series (B) 01/07/19 30/09/19 3rd Specified Trading Period (dd/mm/yy) ___ to __ Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading $ ____ 8.73 marketplace (v) Number of securities in the class or series of such 104,824,973 security outstanding at the end of the last trading day of ____ the specified trading period (vi) (v) x (vi) $ ________ 915,122,014.29 Market value of class or series (C)

01/10/19 31/12/19 4th Specified Trading Period (dd/mm/yy) __ to __ Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading $ ___ 9.27 marketplace (vii) Number of securities in the class or series of such 104,824,973 security outstanding at the end of the last trading day of ___ the specified trading period (viii) 971,727,499.71 (vii) x (viii) $ ___ Market value of class or series (D) N/A 5th Specified Trading Period (dd/mm/yy) __ to __ Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading $ ___ N/A marketplace (ix) Number of securities in the class or series of such N/A security outstanding at the end of the last trading day of ___ the specified trading period (x) (ix) x (x) $ ___ N/A Market value of class or series (E) Average Market Value of Class or Series (Calculate the simple average of the market value of the class or series of security for each applicable specified trading $ ____ 1,034,622,483.51 period (i.e. A through E above)) ( 1 )

(Repeat the above calculation for each other class or series of equity securities of the reporting issuer (and a subsidiary, if applicable) that was listed or quoted on a marketplace at the end of the previous financial year)

Fair value of outstanding debt securities:

(Provide details of how value was determined)

Convertible unsecured subordinated debentures 1,250,000 December 31, 2019 closing number X$104.00 December 31, 2019 closing price

$ ____ 130,000,000.00 ( 2 )

-------------$130,000,000.00

Capitalization for the previous financial year

(1) + (2) $ ____ 1,164,622,483.51

Participation Fee

$ ____ 28,000

Late Fee , if applicable

Total Fee Payable (Participation Fee plus Late Fee)

$ ___ N/A $ ___ 28,000