ORBMINCO LIMITED — Share Issue/Capital Change 2017

Dec 3, 2017

Notification of Consolidation/Split

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Notification of Consolidation/Split

Announcement Summary

Entity name

AUSROC METALS LTD

Applicable security for the reorganisation

ARK ORDINARY FULLY PAID

Announcement Type

New Announcement

Date of this announcement

Monday December 4, 2017

Reorganisation type

Security consolidation

Effective Date

Friday December 8, 2017

Record Date

Monday December 11, 2017

Issue Date

Monday December 18, 2017

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

1.1 *Name of +Entity

AUSROC METALS LTD

Registration Number

1.2 *Registered Number Type

ABN 99073155781

1.3 *ASX issuer code

ARK

1.4 *The announcement is

New announcement

1.5 *Date of this announcement

Monday December 4, 2017

1.6 *Securities affected by the reorganisation

Notification of Consolidation/Split

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Notification of Consolidation/Split

ORDINARY FULLY PAID

ARK

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Part 2 - Approvals

2.1 *Are any of the below approvals required for the reorganisation before business day 0 of the timetable?

• Security holder approval Court approval

• Lodgement of court order with +ASIC ACCC approval

• FIRB approval

• Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the reorganisation.

Yes

2.2 Approvals

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Approval/Condition Date for determination Is the date estimated Approval
+Security holder Tuesday December 5, or actual? received/condition
approval 2017 Estimated met?
[Select...]
Comments
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Part 3 - Reorganisation timetable and details

3.1 *+Record date

Monday December 11, 2017

3.2 Date of +security holder meeting

Tuesday December 5, 2017

3.3 Last day for trading in the pre-re-organised +securities

Thursday December 7, 2017

3.4 *Effective date. Trading in the re-organised securities commences on a +deferred settlement basis. If the +entity's securities are suspended from trading during this period there will be no +deferred settlement trading however ASX still captures this date. Friday December 8, 2017

3.5 Record date

Monday December 11, 2017

3.6 First day for +entity to send notices to +security holders of the change in the number of +securities they hold. First day for +entity to register +securities on a post-reorganised basis Tuesday December 12, 2017

3.7 *+Issue date. +Deferred settlement market ends. Last day for +entity to send notices to +security holder of the change in the number of +securities they hold. Last day for +entity to register +securities on a post-reorganised basis Monday December 18, 2017

Notification of Consolidation/Split

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Notification of Consolidation/Split

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3.8 Trading starts on a normal T+2 basis

Tuesday December 19, 2017

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis

Thursday December 21, 2017

Part 4 - Reorganisation type and details

4.1 *The reorganisation is

+Security consolidation

4.1a *Consolidation ratio: the +securities will be consolidated on the basis that every

50

(pre-consolidation) +securities will be consolidated into

1

(post-consolidation) +security (/ies).

4.2 *Scrip fraction rounding

Fractions rounded up to the next whole number

Part 5 - +Securities on issue before and after reorganisation

5.1 *+Securities on issue before and after the reorganisation

ASX +Security Code ASX +Security ARK Description ORDINARY FULLY PAID Quoted/unquoted Number on issue Number on issue after Estimate/Actual Quoted before reorganisation reorganisation Actual 304,773,963 6,095,761

Part 6 - Further information

6.1 Further information relating to the reorganisation

Please refer to the Notice of Meeting dated 3 November 2017

6.2 Additional information for inclusion in the Announcement Summary

Notification of Consolidation/Split

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