TITANIUM SANDS LIMITED — Share Issue/Capital Change 2017

Dec 21, 2017

Notification of Consolidation/Split

==> picture [21 x 22] intentionally omitted <==

Notification of Consolidation/Split

Announcement Summary

Entity name

TITANIUM SANDS LIMITED

Applicable security for the reorganisation

TSL ORDINARY FULLY PAID

Announcement Type

New Announcement

Date of this announcement Friday December 22, 2017

Reorganisation type

Security consolidation

Effective Date

Monday January 29, 2018

Record Date

Tuesday January 30, 2018

Issue Date

Tuesday February 6, 2018

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

1.1 *Name of +Entity

TITANIUM SANDS LIMITED

Registration Number

1.2 *Registered Number Type

ACN 009131533 1.3 *ASX issuer code TSL

1.4 *The announcement is

New announcement

1.5 *Date of this announcement

Friday December 22, 2017

1.6 *Securities affected by the reorganisation

Notification of Consolidation/Split

1 / 3

Notification of Consolidation/Split

TSL

ORDINARY FULLY PAID

==> picture [21 x 22] intentionally omitted <==

Part 2 - Approvals

2.1 *Are any of the below approvals required for the reorganisation before business day 0 of the timetable?

• Security holder approval Court approval

• Lodgement of court order with +ASIC ACCC approval

• FIRB approval

• Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the reorganisation.

Yes

2.2 Approvals

==> picture [477 x 106] intentionally omitted <==

----- Start of picture text -----

Approval/Condition Date for determination Is the date estimated Approval
+Security holder Wednesday January or actual? received/condition
approval 24, 2018 Actual met?
[Select...]
Comments
----- End of picture text -----**

Part 3 - Reorganisation timetable and details

3.1 *+Record date

Tuesday January 30, 2018

3.2 Date of +security holder meeting

Wednesday January 24, 2018

3.3 Last day for trading in the pre-re-organised +securities

Thursday January 25, 2018

3.4 *Effective date. Trading in the re-organised securities commences on a +deferred settlement basis. If the +entity's securities are suspended from trading during this period there will be no +deferred settlement trading however ASX still captures this date. Monday January 29, 2018

3.5 Record date

Tuesday January 30, 2018

3.6 First day for +entity to send notices to +security holders of the change in the number of +securities they hold. First day for +entity to register +securities on a post-reorganised basis Wednesday January 31, 2018

3.7 *+Issue date. +Deferred settlement market ends. Last day for +entity to send notices to +security holder of the change in the number of +securities they hold. Last day for +entity to register +securities on a post-reorganised basis Tuesday February 6, 2018

Notification of Consolidation/Split

2 / 3

Notification of Consolidation/Split

==> picture [21 x 22] intentionally omitted <==

3.8 Trading starts on a normal T+2 basis

Wednesday February 7, 2018

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis

Friday February 9, 2018

Part 4 - Reorganisation type and details

4.1 *The reorganisation is

+Security consolidation

4.1a *Consolidation ratio: the +securities will be consolidated on the basis that every

3

(pre-consolidation) +securities will be consolidated into

1

(post-consolidation) +security (/ies).

4.2 *Scrip fraction rounding

Fractions rounded down to the nearest whole number or fractions disregarded

Part 5 - +Securities on issue before and after reorganisation

5.1 *+Securities on issue before and after the reorganisation

==> picture [477 x 112] intentionally omitted <==

----- Start of picture text -----

ASX +Security Code ASX +Security
TSL Description
ORDINARY FULLY
PAID
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Quoted before reorganisation reorganisation Estimated
449,179,366 149,726,455
----- End of picture text -----

Part 6 - Further information

6.1 Further information relating to the reorganisation

6.2 Additional information for inclusion in the Announcement Summary

Notification of Consolidation/Split

3 / 3