ORBMINCO LIMITED — Board/Management Information 2017

Nov 28, 2017

AusROC Metals Ltd

29 November 2017

Ausroc Metals Limited (Subject to Deed of Company Arrangement) (ACN 073 155 781) (ASX:ARK) ASX Announcement

Satisfaction of Conditions Precedent under Deed of Company Arrangement and Completion under Reconstruction Deed

We refer to the Notice to Shareholders dated 23 October 2017.

We are now pleased to advise that:

• all conditions precedent under the Deed of Company Arrangement have been satisfied or $(a)$ waived and completion has occurred under the Reconstruction Deed;
• the Deed Administrators have received payment of the proponent sum payable under the $(b)$ Deed of Company Arrangement; and
• in accordance with the Deed of Company Arrangement and Reconstruction Deed, the Deed $(c)$ Administrators have resolved, with effect on and from effectuation of the Deed of Company Arrangement, to remove Mr Ben Mead as director of the Company and appoint the following persons as directors of the Company:
• $(i)$ Mr Gerard Anderson as an executive director;
• $(ii)$ Mr Neville Martin as non-executive director;
• $(iii)$ Mr David Lindh as non-executive director;
• Mr Donald Triggs as executive director; and $(iv)$
• Mr Joe Fekete as non-executive director. $(v)$

The Deed of Company Arrangement will not be fully effectuated until such time as the Deed Administrators make all necessary payments in accordance with the Deed of Company Arrangement.

The Company will make a further announcement as soon as the Deed of Company Arrangement has been effectuated.

Christopher Michael Williamson and David Ashley Norman Hurt in their capacity as Deed Administrators of the Company