TITANIUM SANDS LIMITED — Share Issue/Capital Change 2018

Jan 23, 2018

Notification of Consolidation/Split

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Notification of Consolidation/Split

Announcement Summary

Entity name TITANIUM SANDS LIMITED Applicable security for the reorganisation TSL ORDINARY FULLY PAID Announcement Type Update to previous announcement Date of this announcement Wednesday January 24, 2018 Reason for the Update Shareholder approval received at the Annual General Meeting held on 24 January 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 Update/amendment to previous announcement 1.4a Reason for update to a previous announcement Shareholder approval received at the Annual General Meeting held on 24 January 2018 1.4b * Date of previous announcement(s) to this update Friday December 22, 2017 1.5 *Date of this announcement Wednesday January 24, 2018 1.6 *Securities affected by the reorganisation

Notification of Consolidation/Split

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Notification of Consolidation/Split

TSL

ORDINARY FULLY PAID

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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

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Approval/Condition Date for determination Is the date estimated Approval
+Security holder Wednesday January or actual? received/condition
approval 24, 2018 Actual met?
Yes
Comments
Shareholder approval received at the Annual General Meeting held on 24 January 2018
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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

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Notification of Consolidation/Split

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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

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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
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Part 6 - Further information

6.1 Further information relating to the reorganisation

68,571,431 Unquoted Ordinary Fully Paid Shares currently on issue will also be consolidated on a 1 for 3 basis as approved by Shareholders at the Annual General Meeting held on 24 January 2018.

6.2 Additional information for inclusion in the Announcement Summary

Notification of Consolidation/Split

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