PLS GROUP LIMITED — Regulatory Filings 2011

Jan 3, 2011

ACN 112 425 788

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31 December 2010

Companies Announcements Office Australian Securities Exchange

Securities Trading Policy and Trading Windows

In accordance with ASX Listing Rule 12.9 which takes effect on 1 January 2011, Pilbara Minerals Limited’s compliant Securities Trading Policy is as follows:

The Company’s share trading policy regulates dealings by Directors, officers and employees in securities issued by the Company. In certain circumstances this policy also applies to contractors and consultants.

This policy imposes basic trading restrictions on all employees of the Company and its related companies who possess inside information and additional trading restrictions on:

(a) all Directors;

(b) all executives reporting directly to the Managing Director; and

(c) any other employees of the Company considered appropriate by the Managing Director and Company Secretary from time to time.

GENERAL RESTRICTIONS WHEN IN POSSESSION OF INSIDE INFORMATION

Insider trading laws

Insider trading laws cover all Directors and employees of the Company. If a person is in possession of any unpublished price‐sensitive information, it is a criminal offence to take advantage for personal gain or that of associates.

Price‐sensitive information is any information which if it were generally available, a reasonable person would expect it to have a material effect on the price or value of the Company’s securities, or would be likely to influence a person in deciding whether to buy or sell the Company’s securities.

Level 5, 2 Bligh Street Sydney NSW 2000 Australia Tel: +61‐2‐8252‐9223 Fax+61‐2‐9475‐5435 www.pilbaraminerals.com.au

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Confidential information

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Employees and directors also have a duty of confidentiality to the Company. A person must not reveal any confidential information concerning the Company; use that information in any way which may cause loss to the Company, or use that information to gain an advantage for themselves or anyone else.

ADDITIONAL TRADING RESTRICTIONS FOR DIRECTORS AND SOME EMPLOYEES

Additional restrictions on trading in the Company’s securities apply to Directors of the Company, all executives reporting directly to the Managing Director and any other employees of the Company considered appropriate by the Managing Director and Company Secretary from time to time (Restricted Persons).

Restricted Persons generally hold positions where it can be assumed that they will have inside information regarding the Company. Accordingly, additional restrictions apply for any proposed trading in shares by Restricted Persons during nominated “closed periods”. The closed periods generally apply to the period immediately preceding periodic and continuous disclosure.

Restricted Persons are prohibited from trading in the Company’s securities during the following designated closed periods:

(a) in the two months immediately preceding the release of the Company’s half year financial results (or, if shorter, the period from the relevant financial period end to the time of notification); or

(b) in the two months immediately preceding the release of the Company’s full year financial results (or, if shorter, the period from the financial year end to the time of publication).

In exceptional circumstances clearance may be given for a Restricted Person to transact (buy or sell) securities when they would otherwise be prohibited from doing so but not while there exists any matter which constitutes unpublished price‐sensitive information in relation to the Company’s securities.

Requirements before trading

Before trading, or giving instructions for trading in the Company’s securities:

(a) a Director must notify the Chairman of his intention to trade;

(b) confirm that he does not hold any inside information;

(c) have been advised by the Chairman that there is no reason to preclude him from trading in the Company’s securities as notified; and

(d) complied with any conditions on trading imposed by the Chairman (including, for example, any time limits applicable to the clearance).

In the case of the Chairman intending to trade in the Company’s securities, he must notify and obtain clearance from the Board before trading, or giving instructions for trading.

In the case of any other Restricted Person, he must notify and obtain clearance from the Company Secretary before trading, or giving instructions for trading.

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Notification of trading

Directors must notify the Company Secretary of any dealings in the Company’s securities immediately any such dealings occur.

Breaches of policy

Strict compliance with this policy is a condition of employment.

General

The requirements imposed by this policy are separate from and additional to, the legal prohibitions in the Corporations Act on insider trading.

This policy is reviewed annually.

Pilbara Minerals Limited

Robert J Waring

Company Secretary

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