ORA BANDA MINING LTD — Share Issue/Capital Change 2022

Dec 21, 2022

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

Thursday December 22, 2022

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
New class - code	PERFORMANCE RIGHTS EXPIRING 22-DEC-27	8,571,429	22/12/2022
to be confirmed	MD STI
New class - code	PERFORMANCE RIGHTS EXPIRING 22-DEC-27	11,428,572	22/12/2022
to be confirmed	MD LTI
New class - code	PERFORMANCE RIGHTS EXPIRING 22-DEC-27	50,000,000	22/12/2022
to be confirmed	MD

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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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

22/12/2022

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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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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does not have an existing ASX security code ("new class")

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

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

ASX +security code New class - code to be confirmed	+Security description PERFORMANCE RIGHTS EXPIRING 22-DEC-27 MD STI
+Security type	ISIN code
Other

Date the +securities the subject of this notification were issued 22/12/2022

Will all the +securities issued in this class rank equally in all respects from their issue date? 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
Luke Creagh	Luke Andrew Creagh	8,571,429

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://www.asx.com.au/asxpdf/20221021/pdf/45glvct4lmj7wv.pdf

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

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

Issue of 8,571,429 MD STI Performance Rights (expiring on 22 December 2027 being 5 years from date of issue) to Luke Creagh as approved by shareholders on 23 November 2022.

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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

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Issue details

Number of +securities

8,571,429

ASX +security code New class - code to be confirmed	+Security description PERFORMANCE RIGHTS EXPIRING 22-DEC-27 MD LTI
+Security type	ISIN code
Other

Date the +securities the subject of this notification were issued 22/12/2022

Will all the +securities issued in this class rank equally in all respects from their issue date? 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
Luke Creagh	Luke Andrew Creagh	11,428,572

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

https://www.asx.com.au/asxpdf/20221021/pdf/45glvct4lmj7wv.pdf

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

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

Issue of 11,428,572 MD LTI Performance Rights (expiring on 22 December 2027 being 5 years from date of issue) to Luke Creagh as approved by shareholders on 23 November 2022.

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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

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Issue details

Number of +securities

11,428,572

ASX +security code New class - code to be confirmed	+Security description PERFORMANCE RIGHTS EXPIRING 22-DEC-27 MD
+Security type	ISIN code
Other

Date the +securities the subject of this notification were issued 22/12/2022

Will all the +securities issued in this class rank equally in all respects from their issue date? 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
Luke Creagh	Luke Andrew Creagh	50,000,000

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

https://www.asx.com.au/asxpdf/20221021/pdf/45glvct4lmj7wv.pdf

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

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

Issue of 50,000,000 MD Performance Rights (expiring on 22 December 2027 being 5 years from date of issue) to Luke Creagh as approved by shareholders on 23 November 2022.

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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

Issue details

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Number of +securities

50,000,000

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

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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	1,375,792,234

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	613,435
OBMAC : PERFORMANCE RIGHTS EXPIRING 30-JUN-2026 LTI	27,852,964
OBMAA : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	23,882,388
New class - code to be confirmed : PERFORMANCE RIGHTS EXPIRING 22-DEC-27 MD	8,571,429
STI
New class - code to be confirmed : PERFORMANCE RIGHTS EXPIRING 22-DEC-27 MD	11,428,572
LTI
New class - code to be confirmed : PERFORMANCE RIGHTS EXPIRING 22-DEC-27 MD	50,000,000

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

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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? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

23/11/2022

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