PEEL MINING LIMITED — Share Issue/Capital Change 2018

Oct 8, 2018

9 October 2018

==> picture [204 x 72] intentionally omitted <==

==> picture [117 x 17] intentionally omitted <==

==> picture [105 x 17] intentionally omitted <==

==> picture [121 x 17] intentionally omitted <==

Peel Mining Limited (ASX: PEX) ( the Company) advises that the timetable in relation to the fully underwritten non-renounceable entitlement issue of one (1) share for every eight (8) shares held at record date ( Offer ), announced on 25 September 2018, has changed.

The 14,193,183 new shares applied for as entitlements and over subscriptions under the offer were allotted on 9 October 2018, with quotation of shares now on 11 October 2018.

Shortfall of 10,073,813 shares ( shortfall shares ) has been allocated to the Underwriter and is to be settled by DvP Settlement on 10 October 2018. Quotation of shortfall shares will be on 11 October 2018.

Post the entitlement issue and shortfall allotment the company will have 218,502,965 shares on issue and 8,200,000 unexercised options.

Yours faithfully

Ryan Woodhouse Company Secretary Peel Mining Limited

==> picture [596 x 271] intentionally omitted <==