PENINSULA ENERGY LIMITED — Major Shareholding Notification 2024

Jan 28, 2024

Form 605

Form 605 Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

==> picture [248 x 97] intentionally omitted <==

----- Start of picture text -----

To: Company Name/Scheme:	Peninsula Energy Limited
ACN/ARSN:	062 409 303
1. Details of substantial holder
Name:	Mitsubishi UFJ Financial Group, Inc.
The holder ceased to be a substantial holder on:	23 January 2024
The previous notice was given to the company on:	25 January 2024
The previous notice was dated:	25 January 2024
The holder became aware on:	25 January 2024

----- End of picture text -----

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate 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:

==> picture [546 x 37] intentionally omitted <==

----- Start of picture text ----- Person whose Class and Date of change relevant interest changed Nature of change Consideration given in relation to change number of securities affected Person's votes affectedSee annexure A tothis notice----- End of picture text -----

3. Changes in association

The persons who have become associates of, ceased to be associates of, or have changed the nature of their association 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

4. Addresses

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

==> picture [546 x 29] intentionally omitted <==

----- Start of picture text -----

Name	Address
Mitsubishi UFJ Financial Group, Inc.	2-7-1, Marunouchi, Chiyoda-ku, Tokyo 100-8330, Japan

----- End of picture text -----

5. Signature

==> picture [98 x 30] intentionally omitted <==

Dated 29 January 2024

Authorised signatory

==> picture [84 x 15] intentionally omitted <==

Page 1

Annexure A

Annexure A

This is annexure A of 1 page referred to in Form 605, Notice of ceasing to be a substantial holder dated 29 January 2024

==> picture [98 x 30] intentionally omitted <==

Authorised signatory Dated 29 January 2024

==> picture [81 x 14] intentionally omitted <==

==> picture [525 x 263] intentionally omitted <==

----- Start of picture text ----- Person whose relevant Consideration given in Person's votesDate of change interest changed Nature of change relation to change Class and number of securities affected affectedMitsubishi UFJ Financial Purchase of securities by an23/01/2024 entity controlled by Morgan 9,936.30 90,330 Fully paid ordinary shares 90,330Group, Inc.StanleyMitsubishi UFJ Financial Purchase of securities by an23/01/2024 entity controlled by Morgan 5,192.71 45,154 Fully paid ordinary shares 45,154Group, Inc.StanleyMitsubishi UFJ Financial Purchase of securities by an23/01/2024 entity controlled by Morgan 33,914.31 294,907 Fully paid ordinary shares 294,907Group, Inc.StanleyMitsubishi UFJ Financial Purchase of securities by an23/01/2024 entity controlled by Morgan 14,910.08 132,534 Fully paid ordinary shares 132,534Group, Inc.Stanley23/01/2024 Mitsubishi UFJ Financial Sale of securities by an entity 364.9 3,173 Fully paid ordinary shares 3,173Group, Inc. controlled by Morgan Stanley23/01/2024 Mitsubishi UFJ Financial Sale of securities by an entity 1,103.60 9,009 Fully paid ordinary shares 9,009Group, Inc. controlled by Morgan Stanley23/01/2024 Mitsubishi UFJ Financial Sale of securities by an entity 468.24 3,902 Fully paid ordinary shares 3,902Group, Inc. controlled by Morgan Stanley23/01/2024 Mitsubishi UFJ Financial Sale of securities by an entity 1,647.35 14,020 Fully paid ordinary shares 14,020Group, Inc. controlled by Morgan StanleyMitsubishi UFJ Financial Collateral Returned by an entity23/01/2024 controlled by Morgan Stanley - N/A 2,310,431 Fully paid ordinary shares 2,310,431Group, Inc. see Annexure BMitsubishi UFJ Financial Borrow Returned by an entity23/01/2024 controlled by Morgan Stanley - N/A 8,700,000 Fully paid ordinary shares 8,700,000Group, Inc. see Annexure B----- End of picture text -----

Page 2

Annexure B

Annexure B

This is annexure B of 1 page referred to in Form 605, Notice of ceasing to be a substantial holder dated 29 January 2024

==> picture [98 x 30] intentionally omitted <==

==> picture [81 x 14] intentionally omitted <==

Authorised signatory Dated 29 January 2024

The below schedules are based on the relevant standard agreements. The entity filing the report will, if requested by the company or responsible entity to whom the prescribed form must be given or ASIC, give a copy of the agreement to the company, responsible entity or ASIC.

==> picture [524 x 173] intentionally omitted <==

----- Start of picture text ----- ScheduleType of Agreement International Prime Brokerage AgreementMorgan Stanley & Co. International plc for itself and as agent and trustee for and on behalf of the other Morgan Stanley Companies andParties to agreementMAREX PRIME SERVICES LIMITEDTransfer Date 20240122;Holder of Voting Rights Prime broker has the right to vote securities rehypothecated from the Client.Are there any restrictions on voting rights? Yes/N oIf yes, detail Not applicableScheduled Return Date (if any) OpenDoes the borrower have the right to return early? Yes /NoIf yes, detail Prime broker may return shares which were rehypothecated from the client at any time.Does the lender have the right to recall early? Yes /NoIf yes, detail Prime broker will be required to return to the client shares rehypothecated from the client's account upon a sale of those shares by the client.Will the securities be returned on settlement? Yes /NoIf yes, detail any exceptions Upon an Event of Default, the default market value of all Equivalent Securities to be delivered will be determined and on the basis of the amounts so established, anaccount shall be taken of what is due from each party to the other. The amounts due from one party shall be set off against the amounts due from the other party and only the balance of the accountshall be payable.----- End of picture text -----

Page 3