General Announcement::Update to shareholders

Update for shareholders - Update on Singapore Court Hearing

Alita Resources Limited (Subject to Deed of Company Arrangement) (Receivers and

Managers Appointed)

ACN 147 393 735

(Alita)

We refer to previous announcements to Shareholders providing information on:

• the application for orders from the Court under section 444GA of the Corporations Act 2001 (Act) which was accordingly granted on 1 September 2021 (with amendments made on 7 September 2021) (Australian Court Orders);
• the Court hearing of OS 1018 on 23 November 2021 where the Singapore High Court granted recognition of the proceedings under the DOCA (including the Australian Court Orders) in Singapore, subject to the limitation that there is no expatriation of any assets out of Singapore without leave of court, and the fixing of a pre-trial conference on 9 December 2021 with respect to order 2 of OS 1018; and
• the FAQs dated 5 December 2021.

The pre-trial conference for Order 2 of OS 1018 has been adjourned to 30 December 2021 at 3:30pm.

All shareholders seeking to oppose Order 2 should attend the pre-trial conference (either in person or through counsel) to take directions on the filing of reply affidavits, and should inform the Deed Administrators' solicitors, Rajah & Tann Singapore LLP, of their intention to do so by email to [e-mail] by no later than 12 noon on 28 December 2021.

If you have any further queries, these should be emailed to [e-mail] or should be directed to McGrathNichol's Perth office at [phone].

Dated: 14 December 2021

Yours faithfully

Alita Resources Limited (Receivers & Managers Appointed) (Subject to Deed of Company Arrangement)

Rob Kirman

Deed Administrator

8-211214-ALITGRP01-Shareholder circular