ORA BANDA MINING LTD — Major Shareholding Notification 2021

May 16, 2021

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme Ora Banda Mining Ltd ACN/ARSN: 69 100 038 266 Source: Australian Business Register 1. Details of substantial holder (1) Name: Perennial Value Management Limited (PVM) ACN/ARSN (if applicable) 22 090 879 904 There was a change in the interest of the substantial holder on 13 May 2021 The previous notice was given to the company on 11 November 2020 The previous notice was dated 9 November 2020

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 relavant interest

Class of securities (4)	Previous notice	Previous notice	Present notice	Present notice
	Person's votes	Voting Power(%) (5)	Person's votes	Voting Power(%) (5)
Ordinary	44,864,113	5.34	60,790,279	7.22

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

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class & number of securities affected	Person's votes affected
11/11/2020	Citicorp Nominees Pty Limited	Buy On the Market	216,781.14 $	687,338	687,338
12/11/2020	Citicorp Nominees Pty Limited	Buy On the Market	82,105.38 $	252,388	252,388
13/11/2020	Citicorp Nominees Pty Limited	Buy On the Market	12,753.19 $	39,188	39,188
17/11/2020	Citicorp Nominees Pty Limited	Sell On the Market	102,135.76 $	314,333	314,333
18/11/2020	Citicorp Nominees Pty Limited	Sell On the Market	209,528.39 $	664,581	664,581
25/11/2020	National Asset Servicing	BuyOn the Market	16,926.59 $	60,579	60,579
25/11/2020	National Asset Servicing	BuyOn the Market	6,397.73 $	22,897	22,897
25/11/2020	National Asset Servicing	BuyOn the Market	69,622.26 $	249,173	249,173
3/12/2020	National Asset Servicing	BuyOn the Market	25,637.36 $	86,818	86,818
3/12/2020	BNP Paribas Securities Services	Sell On the Market	25,637.36 $	86,818	86,818
7/12/2020	National Asset Servicing	BuyOn the Market	63,200.89 $	214,969	214,969
7/12/2020	National Asset Servicing	Sell On the Market	63,200.89 $	214,969	214,969
29/12/2020	National Asset Servicing	BuyOn the Market	183,681.33 $	597,921	597,921
29/12/2020	National Asset Servicing	BuyOn the Market	29,380.92 $	95,641	95,641
29/12/2020	National Asset Servicing	Sell On the Market	213,062.25 $	693,562	693,562
20/01/2021	National Asset Servicing	Sell On the Market	50,043.79 $	147,220	147,220
20/01/2021	National Asset Servicing	Sell On the Market	15,141.97 $	44,545	44,545
20/01/2021	National Asset Servicing	Sell On the Market	4,965.97 $	14,609	14,609
20/01/2021	National Asset Servicing	Sell On the Market	5,849.09 $	17,207	17,207
21/01/2021	National Asset Servicing	Sell On the Market	2,539.70 $	7,456	7,456
21/01/2021	National Asset Servicing	Sell On the Market	21,729.83 $	63,794	63,794
21/01/2021	National Asset Servicing	Sell On the Market	6,574.74 $	19,302	19,302
21/01/2021	National Asset Servicing	Sell On the Market	2,156.50 $	6,331	6,331
22/01/2021	National Asset Servicing	Sell On the Market	1,790.53 $	5,268	5,268
22/01/2021	National Asset Servicing	Sell On the Market	541.78 $	1,594	1,594
22/01/2021	National Asset Servicing	Sell On the Market	177.76 $	523	523
22/01/2021	National Asset Servicing	Sell On the Market	209.03 $	615	615
27/01/2021	National Asset Servicing	BuyOn the Market	209,361.42 $	669,314	669,314
27/01/2021	National Asset Servicing	BuyOn the Market	33,210.60 $	106,172	106,172
27/01/2021	National Asset Servicing	Sell On the Market	242,572.02 $	775,486	775,486
29/01/2021	National Asset Servicing	BuyOn the Market	173,853.38 $	560,694	560,694
29/01/2021	National Asset Servicing	BuyOn the Market	30,502.34 $	98,373	98,373
3/02/2021	National Asset Servicing	BuyOn the Market	29,689.96 $	95,753	95,753
4/02/2021	National Asset Servicing	BuyOn the Market	502.93 $	1,622	1,622
5/02/2021	National Asset Servicing	BuyOn the Market	3,297.95 $	10,839	10,839
17/02/2021	BNP Paribas Securities Services	Buy On the Market	31,574.82 $	122,304	122,304
17/02/2021	BNP Paribas Securities Services	Buy On the Market	64,580.41 $	250,150	250,150
17/02/2021	National Asset Servicing	BuyOn the Market	87,369.56 $	338,423	338,423
17/02/2021	Northern Trust	BuyOn the Market	84,308.74 $	326,567	326,567

18/02/2021	BNP Paribas Securities Services	Buy On the Market	46,362.80 $	180,004	180,004
18/02/2021	BNP Paribas Securities Services	Buy On the Market	94,826.82 $	368,166	368,166
18/02/2021	National Asset Servicing	BuyOn the Market	128,289.21 $	498,084	498,084
18/02/2021	Northern Trust	BuyOn the Market	123,794.96 $	480,635	480,635
19/02/2021	BNP Paribas Securities Services	Buy On the Market	476.94 $	1,836	1,836
19/02/2021	BNP Paribas Securities Services	Buy On the Market	975.45 $	3,755	3,755
19/02/2021	National Asset Servicing	BuyOn the Market	1,319.37 $	5,079	5,079
19/02/2021	Northern Trust	BuyOn the Market	1,273.39 $	4,902	4,902
3/03/2021	National Asset Servicing	Sell On the Market	162,878.70 $	608,117	608,117
8/04/2021	National Asset Servicing	BuyOn the Market	114,536.58 $	466,470	466,470
8/04/2021	National Asset Servicing	BuyOn the Market	17,831.53 $	72,622	72,622
8/04/2021	National Asset Servicing	BuyOn the Market	20,864.92 $	84,976	84,976
8/04/2021	National Asset Servicing	BuyOn the Market	30,921.22 $	125,932	125,932
12/04/2021	National Asset Servicing	BuyOn the Market	5,999.17 $	23,944	23,944
12/04/2021	National Asset Servicing	BuyOn the Market	8,890.76 $	35,485	35,485
12/04/2021	National Asset Servicing	BuyOn the Market	32,932.29 $	131,440	131,440
12/04/2021	National Asset Servicing	BuyOn the Market	5,127.00 $	20,463	20,463
15/04/2021	National Asset Servicing	BuyOn the Market	33,075.83 $	134,707	134,707
15/04/2021	National Asset Servicing	BuyOn the Market	5,149.45 $	20,972	20,972
15/04/2021	National Asset Servicing	BuyOn the Market	6,025.52 $	24,540	24,540
15/04/2021	National Asset Servicing	BuyOn the Market	8,929.27 $	36,366	36,366
16/04/2021	National Asset Servicing	BuyOn the Market	5,722.81 $	22,841	22,841
16/04/2021	National Asset Servicing	BuyOn the Market	890.96 $	3,556	3,556
16/04/2021	National Asset Servicing	BuyOn the Market	1,042.54 $	4,161	4,161
16/04/2021	National Asset Servicing	BuyOn the Market	7,376.69 $	29,442	29,442
22/04/2021	BNP Paribas Securities Services	Buy On the Market	115,005.78 $	488,312	488,312
22/04/2021	National Asset Servicing	BuyOn the Market	210,115.79 $	892,147	892,147
22/04/2021	National Asset Servicing	BuyOn the Market	58,595.45 $	248,795	248,795
22/04/2021	National Asset Servicing	BuyOn the Market	222,100.07 $	943,032	943,032
22/04/2021	Northern Trust	BuyOn the Market	192,821.07 $	818,714	818,714
23/04/2021	BNP Paribas Securities Services	Buy On the Market	2,754.38 $	11,695	11,695
23/04/2021	National Asset Servicing	BuyOn the Market	5,032.05 $	21,366	21,366
23/04/2021	National Asset Servicing	BuyOn the Market	1,403.45 $	5,959	5,959
23/04/2021	National Asset Servicing	BuyOn the Market	5,319.15 $	22,585	22,585
23/04/2021	Northern Trust	BuyOn the Market	4,618.02 $	19,608	19,608
7/05/2021	National Asset Servicing	BuyOn the Market	107,058.17 $	547,811	547,811
10/05/2021	National Asset Servicing	Sell On the Market	42,250.13 $	216,715	216,715
11/05/2021	National Asset Servicing	Sell On the Market	6,884.71 $	35,314	35,314
13/05/2021	BNP Paribas Securities Services	Buy On the Market	289,960.06 $	1,563,911	1,563,911
13/05/2021	National Asset Servicing	BuyOn the Market	104,782.59 $	565,149	565,149
13/05/2021	National Asset Servicing	BuyOn the Market	616,644.59 $	3,325,897	3,325,897
13/05/2021	Northern Trust	BuyOn the Market	504,685.84 $	2,722,043	2,722,043

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 & number of securities (Ord)	Person's votes
Perennial Value Management Limited	National Asset Servicing	National Asset Servicing	43,753,969	43,753,969	43,753,969
Perennial Value Management Limited	Northern Trust	Northern Trust	8,079,014	8,079,014	8,079,014
Perennial Value Management Limited	BNP Paribas Securities Services	BNP Paribas Securities Services	8,957,296	8,957,296	8,957,296

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

Name & ACN	Nature of association
Not applicable

6. Addresses

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

Name		Address
Perennial Value Management Ltd	Level 27, 88 Phillip St
	SydneyNSW 2000
Ora Banda MiningLtd	Ora Banda MiningLtd2	Kings Park Road Level 1,West
Signature
Print Name	Bill Anastasopoulos	Capacity	Company Secretary

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Sign Here Date 17/05/2021

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