SKY METALS LIMITED — Major Shareholding Notification 2021

Apr 14, 2021

Form 603

Corporations Act 2001
Section 671B

Notice of initial substantial holder

To Company Name/Scheme Sky Metals Limited
ACN/ARSN		l098 952 035 .

1. Details of substantial holder (1) Name Rigi Investments Pty Ltd ACN/ARSN (if applicable) 108 790 932

The holder became a substantial holder on 9/4/2021

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or
an associate (2) had a relevant interest (3) in on the date the substantial holder

Class of securities (4)	Number of securities Person's votes (5) Voting power (6)
Ordinary Fully Paid Shares 21, 609, 192		21,609,192	7.09%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial
holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Rigi Investments Pty LtdDirect		21,609,192 Ordinary Fully Paid Shares

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant	Registered holder of	Person entitled to be	Class and number of securities
linterest	I securities	registered as holder (8)
Rigi Investments Ptv	Rigi Investments Pty Rigi Investments Pty	Ltd	$21,609,192$ Ordinary
lLtd	lītd		Fully Paid Shares

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the
substantial holder became a substantial holder is as follows:

Holder of relevant linterest				Date of acquisition Consideration (9) Class and number of securities
			Cash Non-cash
See Appendix A $20/21$		$\boldsymbol{\mathcal{U}}$

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable) Nature of association
	Rigi Investments Pty Ltd Shareholder

7. Addresses

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

Name		Address
		Rigi Investments Pty Ltd 5 Gurranbeena Road, Mosman NSW 2088

Signature

32, $72$ Serpentine
$R_1$ lgola - 2107 print name Mark Lochtenbarg capacity Director sian here date

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of th
• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.
• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• (4) The voting shares of a company constitute one class unless divided into separate classes.
• (5) The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.

(6) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

(7) Include details of:

• (a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written stateme arrangement: and
• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown"
• (9) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Detai on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person

Appendix A

Holder of Relevant Interest

Date of Consideration Consideration Class Number of Acquisition

Securities

Cash Non-Cash

RIGI INESTMENTS PTY LIMITED

D.O.A. Quing 20/21

$c$ AsH - Average price $16.83$ Cents. $N=9.5ec - 21,609,192$