PERSEUS MINING LIMITED — Share Issue/Capital Change 2023

Aug 27, 2023

Announcement Summary

Entity name

PERSEUS MINING LIMITED

Date of this announcement

Monday August 28, 2023

The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

ASX +securitycode	Security description	Total number of+securities to beissued/transferred	Issue date
PRUAI	PERFORMANCE RIGHTS	3,005,190	25/08/2023

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of entity

PERSEUS MINING LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ACN

Registration number

106808986

1.3 ASX issuer code PRU

1.4 The announcement is

New announcement

1.5 Date of this announcement

28/8/2023

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

has an existing ASX security code ("existing class")

Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to

ASX in an Appendix 3B

ASX +security code and description

PRUAI : PERFORMANCE RIGHTS

Date the +securities the subject of this notification were issued

25/8/2023

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
David Schummer	David Schummer	344,594
Lee-Anne de Bruin	Lee-Anne de Bruin	310,773
Martijn Bosboom	Martijn Bosboom	164,206

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

https://wcsecure.weblink.com.au/pdf/PRU/02295392.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

Each performance right will convert to an ordinary share upon satisfaction of vesting criteria (principally comparison of total shareholder return against a peer group during the period commencing 1 July 2023 and ending 30 June 2026), subject to the terms and conditions of the Company's Performance Rights Plan approved by shareholders in November 2020

Issue details

Number of +securities

3,005,190

application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

Part 4 - +Securities on issue

the entity will comprise:

Total number of

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one

PRU : ORDINARY FULLY PAID 1,369,992,672

ASX +security code and description

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

ASX +security code and description

PRUAI : PERFORMANCE RIGHTS 13,143,379

Equity Securities

+securities on issue

Total number of +securities on issue

Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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