Orica (ASX: ORI) announced on 19 February 2020 that it would be undertaking a share purchase plan (SPP).

The SPP is now open to eligible Orica shareholders to apply for up to A$30,000 of new fully paid ordinary shares (SPP Shares) free of any brokerage, commission and transaction costs.

Shareholders are eligible if they had a registered address in Australia or New Zealand on Orica's register at 7.00pm (Melbourne time) on 18 February 2020 (Eligible Shareholders).

SPP Shares will be offered at the lower of the Placement Price (which was A$21.19 per share), and a 2% discount to the 5 day VWAP of Orica shares up to, and including, the closing date of the SPP, which is currently scheduled for 5.00pm (Melbourne time) on 17 March 2020.

The SPP will be capped at A$100 million and is not underwritten. Participation in the SPP is optional. SPP Shares will rank equally with existing Orica shares from their date of issue.

The SPP follows Orica's successfully completed A$500 million placement (Placement), which was conducted at A$21.19 per share (Placement Price).

The SPP is subject to the terms and conditions set out in the SPP booklet, which is being sent to Eligible Shareholders today. Eligible Shareholders are encouraged to read the SPP booklet carefully, and if in in any doubt about whether or not to accept the SPP offer, to consult with a financial or other professional adviser.

Shareholders with questions in relation to how to participate in the SPP may contact Orica's registry from 8.30am to 7.30pm (Melbourne time) Monday to Friday on 1300 301 253 (callers within Australia) or +61 1300 301 253 (callers outside Australia).

Contact:

Tel: +61 3 9665 7512

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