Paladin Energy Ltd. — Major Shareholding Notification 2021

Sep 7, 2021

605 Page 1 of 2 15 July 2001

Form 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme

Lotus Resources Limited

ACN/ARSN 119 992 175

1. Details of substantial holder (1)

Name

ACN/ARSN (if applicable)

Paladin Energy Ltd ('Paladin') and each of the entities listed in
Annexure "A" ('Paladin Group Entities')
061 681 098

The holder ceased to be a substantial holder on 3 / 09 / 2021 The previous notice was given to the company on 20 / 08 / 2021 The previous notice was dated 20 / 08 / 2021

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person's votes affected
3/9/2021	Paladin	Disposal of shares off market	$0.20 cents per share	90,000,000 ordinary shares	90,000,000

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
Paladin and the Paladin Group Entities	Paladin controls each member of the Paladin Group Entities and, as such, they are each associates of each other. The members of the Paladin Group Entities are set out in Annexure A.

4. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Paladin	Level 8, 191 St Georges Terrace Perth, WA, 6000
Each Paladin Group Entity	Level 8, 191 St Georges Terrace Perth, WA, 6000

Signature

print name Jeremy Ryan capacity Company Secretary

605 Page 2 of 2 15 July 2001

date 3 / 09 / 2021

sign here

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DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 4 of the form.

• (2) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (3) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (4) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (5) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

• (6) The voting shares of a company constitute one class unless divided into separate classes.

• (7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

Annexure A

This is Annexure A of 1 page referred to in the Form 605 (Notice of Ceasing to be a Substantial Shareholder), signed by me and dated 3 September 2021.

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____ Jeremy Ryan Group Company Secretary

Paladin Group Entities	ACN(if applicable)
Paladin EnergyMinerals PtyLtd	073 700 393
Summit Resources PtyLtd	009 474 775
Pacific Mines PtyLtd	101 437 085
Summit Resources(Aust)PtyLtd	009 188 078
Fusion Resources PtyLtd	100 287 385
Paladin NT PtyLtd	131 890 134
Valhalla Uranium PtyLtd	116 370 720
Eden Creek PtyLtd	008 958 610
Paladin Intellectual PropertyPtyLtd	168 630 288
Paladin Finance PtyLtd	117 234 278
Paladin Nuclear PtyLtd	125 124 156
Paladin Employee Plan PtyLtd	144 956 070
PEM Malawi PtyLtd	128 358 225
Langer Heinrich Mauritius Holdings Limited	-
Langer Heinrich Uranium(Pty)Ltd	-
Aurora EnergyLtd	-