ORA BANDA MINING LTD — Share Issue/Capital Change 2023

Jun 15, 2023

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 June 16, 2023

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	835,776	15/06/2023
	30-JUN-2026 LTI
New class - code	Performance Rights 2023 Expiring 30 June 2028	22,950,000	15/06/2023
to be confirmed
New class - code	Performance Rights LTI 2023 Expiring 30 June	43,602,532	15/06/2023
to be confirmed	2030
New class - code	Performance Rights 2023 Expiring 31 January	500,000	15/06/2023
to be confirmed	2031
New class - code	Performance Rights 2023 Expiring 31 January	2,000,000	15/06/2023
to be confirmed	2030

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

16/6/2023

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

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 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

15/6/2023

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? No

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://announcements.asx.com.au/asxpdf/20221021/pdf/45glvct4lmj7wv.pdf

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

Issue of Performance Rights under the Employee Awards Plan.

Issue details

Number of +securities

835,776

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 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 2023 Expiring 30 June 2028
+Security type	ISIN code
Other

Date the +securities the subject of this notification were issued 15/6/2023

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
Andrew Czerw	Andrew Edward Czerw	10,000,000

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

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

Issue of performance rights to various employees under the Employee Awards Plan 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

22,950,000
ASX +security code New class - code to be confirmed +Security description Performance Rights LTI 2023 Expiring 30 June 2030
+Security type ISIN code
Other
Date the +securities the subject of this notification were issued
15/6/2023
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
Andrew Czerw Andrew Edward Czerw 11,271,000
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued. https://announcements.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://announcements.asx.com.au/asxpdf/20221021/pdf/45glvct4lmj7wv.pdf
Any other information the entity wishes to provide about the +securities the subject of this notification

Issue of performance rights to various employees under the Employee Awards Plan 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

43,602,532
ASX +security code New class - code to be confirmed +Security description Performance Rights 2023 Expiring 31 January 2031
+Security type ISIN code
Other
Date the +securities the subject of this notification were issued
15/6/2023
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?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued. https://announcements.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://announcements.asx.com.au/asxpdf/20221021/pdf/45glvct4lmj7wv.pdf Any other information the entity wishes to provide about the +securities the subject of this notification

Issue of performance rights to an employee under the Employee Awards Plan 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

500,000
ASX +security code New class - code to be confirmed +Security description Performance Rights 2023 Expiring 31 January 2030
+Security type ISIN code
Other
Date the +securities the subject of this notification were issued
15/6/2023
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?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued. https://announcements.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://announcements.asx.com.au/asxpdf/20221021/pdf/45glvct4lmj7wv.pdf
Any other information the entity wishes to provide about the +securities the subject of this notification Issue of performance rights to an employee under the Employee Awards Plan 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

2,000,000

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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	1,611,140,224

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	354,125
OBMAC : PERFORMANCE RIGHTS EXPIRING 30-JUN-2026 LTI	28,688,740
OBMAA : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	23,882,388
OBMAD : PERFORMANCE RIGHTS EXPIRING 22-DEC-2027 STI	8,571,429
OBMAE : PERFORMANCE RIGHTS EXPIRING 22-DEC-2027 LTI	11,428,572
OBMAF : PERFORMANCE RIGHTS EXPIRING 22-DEC-2027	50,000,000
New class - code to be confirmed : Performance Rights 2023 Expiring 30 June 2028	22,950,000
New class - code to be confirmed : Performance Rights LTI 2023 Expiring 30 June 2030	43,602,532
New class - code to be confirmed : Performance Rights 2023 Expiring 31 January 2031	500,000
New class - code to be confirmed : Performance Rights 2023 Expiring 31 January 2030	2,000,000

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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? Yes

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

13

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