SANTA FE MINERALS LTD — M&A Activity 2017

Jul 24, 2017

Mercantile OFM Pty Limited

ABN 30 120 221 623 Level 5, 139 Macquarie Street Sydney NSW 2000 Tel 02 8014 1188 Fax 02 8084 9918

25 July 2017

BY ELECTRONIC LODGEMENT

Company Announcements ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000

Off Market Takeover Bid for all the ordinary shares in EZA Corporation Limited (ACN 151 155 734) (EZA)

Mercantile OFM Pty Ltd (ACN 120 221 623) ( Mercantile OFM ) refers to the offers dated 8 June 2017 ( Offers ) under its takeover bid for all the issued ordinary shares in EZA, which are contained in bidder’s statement from Mercantile OFM dated 24 May 2017 ( Bidder’s Statement ).

Notice of Status of Defeating Condition

Mercantile OFM attaches a copy of a notice of status of defeating condition dated 25 July 2017 in accordance with Section 630(5)(b) of the Corporations Act 2001 (Cth) .

The Offers are scheduled to close at 7.00pm on 1 August 2017 .

Yours sincerely,

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Gabriel Radzyminski Director

Mercantile OFM Pty Ltd (ACN 120 221 623)

Off-Market Bid for EZA Corporation Limited (ACN 151 155 734)

Notice of Status of Defeating Condition

_________________________________________________________________________________

To: EZA Corporation Limited (ACN 151 155 734)

And to: ASX Limited

And to: Australian Securities and Investments Commission

This notice of status of defeating condition ( Condition Notice ) is given under Section 630(3) of the Corporations Act 2001 (Cth) by Mercantile OFM Pty Ltd (ACN 120 221 623) ( Mercantile OFM ) in relation to offers dated 8 June 2017 ( Offers ) under its takeover bid for all the issued ordinary shares in EZA Corporation Limited (ACN 151 155 734) ( EZA ), which are contained in bidder’s statement from Mercantile OFM dated 24 May 2017 ( Bidder’s Statement ). Words defined in the Bidder’s Statement have the same meaning in this notice, unless the context requires otherwise.

Status of Defeating Condition

Mercantile OFM gives notice that its Offers in relation to the ordinary shares in EZA remain subject to the condition set out in Section 9.1 of the Bidder’s Statement and that condition has not been fulfilled or waived.

As at the date of this Condition Notice, Mercantile OFM’s voting power in EZA was 12.90% comprising 7,876,230 EZA shares.

Dated: 25 July 2017

Signed for and on behalf of Mercantile OFM Pty Ltd

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Gabriel Radzyminski Director