34,296,668 Ordinary Shares of Australian Rare Earths Limited are subject to a Lock-Up Agreement Ending on 1-JUL-2023. These Ordinary Shares will be under lockup for 732 days starting from 29-JUN-2021 to 1-JUL-2023.

Details:
34,296,668 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until 1 July 2023, being 24 months from the date of commencement of Official Quotation.

31,600,005 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until 19 November 2021, being 12 months from the date of issue.

6,000,000 options exercisable at $0.30 on or before 25 January 2025, classified by ASX as restricted securities and to be held in escrow until 1 July 2023, being 24 months from the date of commencement of Official Quotation.

3,750,000 options exercisable at $0.45 on or before 29 June 2024, classified by ASX as restricted securities and to be held in escrow until 1 July 2023, being 24 months from the date of commencement of Official Quotation.

2,417,200 options exercisable at $0.45 on or before 29 June 2024, classified by ASX as restricted securities and to be held in escrow until 1 July 2023, being 24 months from the date of commencement of Official Quotation