PERSEUS MINING LIMITED — M&A Activity 2024

Mar 17, 2024

Quay Quarter Tower 50 Bridge Street, Sydney NSW 2000, Australia GPO Box 9925, Sydney NSW 2001, Australia Tel +61 2 9210 6500 Fax +61 2 9210 6611 www.corrs.com.au

Sydney Melbourne Brisbane Perth Port Moresby

18 March 2024

Contacts Andrew Lumsden +61 2 9210 6385 Email: Andrew.Lumsden@corrs.com.au

Online lodgement

The Manager Market Announcements Office ASX Limited Level 40, Central Park 152-158 St George’s Terrace PERTH WA 6000

Dear Sir/Madam

Takeover bid by Perseus Mining Limited (ASX: PRU) for OreCorp Limited (ASX: ORR) – Notice that defeating condition to takeover bid fulfilled

We act for Perseus Mining Limited (ASX: PRU), in relation to its off-market takeover bid under Chapter 6 of the Corporations Act 2001 (Cth) ( Corporations Act ) for all of the current and to be issued ordinary shares in OreCorp Limited (ASX: ORR) ( OreCorp ) ( Offer ).

Capitalised but undefined terms in this letter have the same meaning given as set out in Perseus’s replacement bidder’s statement dated 16 February 2024, as supplemented by its second supplementary bidder’s statement dated 8 March 2024 ( Bidder’s Statement ).

We attach , by way of service pursuant to section 630(5)(b) of the Corporations Act, and as required by section 630(4) of the Corporations Act, a notice declaring that the condition in section 10.12(b) of the Bidder’s Statement no longer applies to the Offer.

Yours faithfully

Corrs Chambers Westgarth

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Andrew Lumsden Partner

attachments

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Notice of that defeating condition to takeover bid fulfilled

Section 630(4) of the Corporations Act 2001 (Cth)

To : OreCorp Limited (ASX:ORR), Australian Securities Exchange (ASX)

Perseus Mining Limited (ASX: PRU) ( Perseus ) gives notice that for the purposes of section 630(4) of the Corporations Act, the potential breach of the no regulatory action Condition1 in relation to any FCC intervention as set out in section 10.12(b) of Perseus’s replacement bidder’s statement dated 16 February 2024, as supplemented by its second supplementary bidder’s statement dated 8 March 2024 (Bidder’s Statement), no longer applies to the Offer (so the Offer has become free of that Condition).

Perseus is not currently aware of, nor reasonably expects, there to be any other occurrence that would cause the No Regulatory Action Condition to be breached.

Capitalised but undefined terms in this letter have the same meaning given as set out in the Bidder’s Statement.

Date: 18 March 2024

Signed for and on behalf of Perseus Mining Limited

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Jeffrey Quartermaine Chairman and Chief Executive Officer

1 See section 10.12(b) of the Bidder’s Statement.

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