ORA BANDA MINING LTD — Share Issue/Capital Change 2021

Dec 23, 2021

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

ORA BANDA MINING LTD

Date of this announcement

Friday December 24, 2021

The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
OBMAC	PERFORMANCE RIGHTS EXPIRING	23,333,164	24/12/2021
	30-JUN-2026 LTI

Refer to next page for full details of the announcement

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

ORA BANDA MINING LTD

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ABN

Registration number

69100038266

1.3 ASX issuer code

OBM

1.4 The announcement is

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New announcement

1.5 Date of this announcement

24/12/2021

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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has an existing ASX security code ("existing class")

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Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B

ASX +security code and description

OBMAC : PERFORMANCE RIGHTS EXPIRING 30-JUN-2026 LTI

Date the +securities the subject of this notification were issued

24/12/2021

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Peter Nicholson	Peter Nicholson	4,444,494
Anthony Brazier	Anthony Brazier	1,885,885
Andrew Czerw	Andrew Czerw	2,030,953
Brendan Fyfe	Brendan Fyfe	1,740,817
Derek Byrne	Derek Byrne	1,991,130

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

https://www.asx.com.au/asxpdf/20191014/pdf/449h2zwks5gy31.pdf and https://www.asx.com.au/asxpdf/20211022/pdf/45 200szyf6l2tv.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

Issue of performance rights to certain staff pursuant to the Employee Incentive Plan approved by shareholders on 15 November 2019.

Issue of performance rights to Peter Nicholson as approved by shareholders at the Annual General Meeting held on 26 November 2021. Refer Notice of Annual General Meeting at https://www.asx.com.au/asxpdf/20211022/pdf/45200szyf6l2tv .pdf

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Issue details

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Number of +securities

23,333,164

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
OBM : ORDINARY FULLY PAID	974,224,505
4.2 Unquoted +Securities (Total number of each +class of +securities issued but	not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
OBMAB : PERFORMANCE RIGHTS EXPIRING 30-JUN-2026 STI	1,233,183
OBMAC : PERFORMANCE RIGHTS EXPIRING 30-JUN-2026 LTI	28,815,567
OBMAA : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	25,067,571

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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