DRA Global : Notice of 2022 AGM and Associated Documents

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13 April 2022

2022 ANNUAL GENERAL MEETING

DRA Global Limited (ASX / JSE: DRA) ('DRA' or 'the Company') has today released the following documents in respect of its 2022 Annual General Meeting to be held on Tuesday, 17 May 2022 simultaneously in Perth (3pm local time) and Johannesburg (9am local time).

• • Notice of 2022 Annual General Meeting ('Notice').

• • Notice of Access Letter.

• • Sample Australian and South African proxy forms.

Shareholders will, depending on how they hold their shares on DRA's Australian or South African share register and their communication preferences recorded with Computershare (DRA's share registry), receive by post or email some or all of these documents or instructions on how to electronically access these documents.

Full details about DRA's 2022 Annual General Meeting are contained in the Notice which Shareholders should read in its entirety. Shareholders should direct any queries about the 2022 Annual General Meeting to DRA or Computershare using the contact details available athttps://www.draglobal.com/investors/.

Shareholders are encouraged to communicate with DRA and Computershare by electronic means. Please contact DRA or Computershare using the contact details available athttps://www.draglobal.com/investors/ to update your Shareholder contact details.

The Notice of 2022 Annual General Meeting is also available from:

• • DRA's website atwww.draglobal.com/investors/;and

• • the JSE Client Portal website under Equity Issuer athttps://clientportal.jse.co.za/companies-and-financial-instruments.

The Notice is important and should be read in its entirety before voting. DRA encourages all Shareholders to participate in the 2022 Annual General Meeting by attending and voting in person, or by voting prior to the 2022 Annual General Meeting by returning their proxy voting instructions before the deadline.

- ENDS -

This announcement was approved for release by Ben Secrett, Company Secretary.

For further information, please contact:

Investor queries:	Media queries:
Haydn von Maltitz	Paul Ryan
EGM of Corporate Affairs - DRA Global	Citadel-MAGNUS
Ph: [phone]	M: [phone]
[e-mail]	[e-mail]

Physical Level 8, 256 Adelaide Terrace / Perth WA 6000 / Australia // Postal PO Box 3130 / East Perth WA 6892 / Australia Telephone [phone] //[e-mail] // ACN 622 581 935 // ASX: DRA / JSE:DRA

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Key Dates

JSE record date for determining entitlement to Notice	Friday, 8 April 2022
ASX record date for determining entitlement to Notice	Wednesday, 13 April 2022
Notice released to ASX and SENS	Wednesday, 13 April 2022
Last date for on-market trade to be a Shareholder on the voting record date • JSE • ASX	Tuesday, 10 May 2022 Wednesday, 11 May 2022
Voting record date and deadline for receipt of proxy • 3pm Perth time and 9am Johannesburg time • For JSE purposes, the practical time is market close on the JSE on Friday, 13 May 2022	Sunday, 15 May 2022
2022 Annual General Meeting • 3pm Perth time and 9am Johannesburg time	Tuesday, 17 May 2022
Results of 2022 Annual General Meeting announced on ASX and JSE	Tuesday, 17 May 2022

JSE Announcement Disclosures DRA Global Limited

(Incorporated in Australia under the Corporations Act 2001 (Cth)) ACN 622 581 935

ASX / JSE Share Code: DRA ISIN: AU0000155814 ("DRA" or "the Company")

JSE Sponsor: Pallidus Capital Proprietary Limited

About DRA Global Limited

DRA Global Limited (ASX: DRA | JSE: DRA) (DRA or the Company) is a multi-disciplinary consulting, engineering, project delivery and operations management group predominantly focused on the mining and minerals resources sector. DRA has an extensive global track record, spanning more than three decades and more than 7,500 studies and projects as well as operations, maintenance and optimisation solutions across a wide range of commodities.

DRA has expertise in mining, minerals and metals processing and related non-process infrastructure including sustainability, water and energy solutions for the mining industry. DRA delivers advisory, engineering and project delivery services throughout the capital project lifecycle from concept through to operational readiness and commissioning as well as ongoing operations, maintenance and shutdown services.

DRA, headquartered in Perth, Australia, services its global customer base through 19 offices across Asia-Pacific, North and South America, Europe, Middle East and Africa.

Physical Level 8, 256 Adelaide Terrace / Perth WA 6000 / Australia // Postal PO Box 3130 / East Perth WA 6892 / Australia Telephone [phone] //[e-mail] // ACN 622 581 935 // ASX: DRA / JSE:DRA

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NOTICE OF 2022 ANNUAL GENERAL MEETING

Tuesday, 17 May 2022 3pm (Perth time) / 9am (Johannesburg time)

• • In Perth at Level 8, 256 Adelaide Terrace, Perth WA 6000

• • In Johannesburg at Building 33, Woodlands Office Park, 20 Woodlands Drive, Woodlands, Sandton, Gauteng 2080

• • By live webcast (viewing only, no live online voting) through this link:DRA AGM.

Physical Level 8, 256 Adelaide Terrace / Perth WA 6000 / Australia // Postal PO Box 3130 / East Perth WA 6892 / Australia Telephone [phone] //[e-mail] // ACN 622 581 935 // ASX: DRA / JSE:DRA

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Notice is given that the 2022 Annual General Meeting of DRA Global Limited ACN 622 581 935 ("DRA" or the "Company") will be held in person on Tuesday, 17 May 2022 at 3pm Perth time / 9am Johannesburg time in both Perth (at Level 8, 256 Adelaide Terrace, Perth WA) and Johannesburg (at Building 33, Woodlands Office Park, 20 Woodlands Drive, Woodlands, Sandton, Gauteng 2080). The meeting will also be webcast live (viewing only, no live voting) through this link:DRA AGM*.

Dear Shareholders

I am pleased to invite you to the 2022 Annual General Meeting of DRA Global Limited, to be held on Tuesday, 17 May 2022 at 3pm (Perth time) / 9am (Johannesburg time) and with a live webcast accessible atDRA AGM.

Despite COVID-19 continuing to impact us all, I hope that all Shareholders will have the opportunity to attend this year's AGM. For those unable to attend in person, there is the opportunity to view the live webcast. All Shareholders are able to vote prior to the AGM by lodging a proxy form in accordance with the instructions contained in the notice of meeting if they cannot attend.

We were no exception to the ravages of COVID-19. It had a major impact on our business. Most importantly, we mourn the loss of the much-valued employees who we lost to COVID-19, and we share in the grief of their families.

DRA had a significant year in FY2021.

Our most notable achievement was the successful public listing on the Australian Securities and Johannesburg Stock Exchanges. Reaching this milestone honours a commitment made to our shareholders in 2016. It provides DRA with a platform for future international growth and diversification. It marks a watershed in DRA's history, transitioning from an owner-managed business, with a predominantly local focus, to a publicly listed global organisation, where the public and institutional investors can participate in our future success. I thank the team involved for their impressive work in achieving this goal.

Our group results for 2021 were pleasing, particularly considering the obvious negative impacts of the pandemic. Our teams were able to achieve record revenues with a solid profit performance despite significant interruptions to work and shortages of resources and supplies. Our EMEA and AMER businesses performed admirably, underpinning our profits. APAC was a challenging operating environment, compounded by the pandemic and poor legacy decisions. The result in APAC was disappointing, predominantly related to certain construction projects. The performance of some projects put a strain on the wider APAC business and, understandably, this has been a cause for concern for many employee shareholders. The Board and Management are committed to creating a successful business in APAC.

Unfortunately, many of the positives we wanted to focus on from 2021 have been overshadowed by a series of events that followed the release of our results. These events fall outside of our reporting period but cannot be ignored. They were a culmination of stresses and frustrations that had been building in our business for some time and arose predominantly from the way we managed the transition from an employee-owned entity to a publicly listed company, along with all the governance and reporting requirements that this entails. Our path to a listed globalised business left some employee shareholders questioning the benefits of being a global business. The performance in APAC compounded those concerns.

These matters came to a head in February of this year with the lodgement of a Section 249D notice calling on the Board to hold a general meeting to change the composition of the Board. In responding to this matter (and

Physical Level 8, 256 Adelaide Terrace / Perth WA 6000 / Australia // Postal PO Box 3130 / East Perth WA 6892 / Australia Telephone [phone] //[e-mail] // ACN 622 581 935 // ASX: DRA / JSE:DRA

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NOTICE OF 2022 ANNUAL GENERAL MEETING

For personal use only

with minimal interference to DRA's core operations) the Board made the decision to temporarily stand aside five senior executives and to place the company's shares in a trading halt, pending leadership changes and a resolved position forward. During this time, the Board and the executive team worked together to develop a plan that would return DRA to stability and that was in the best interests of the future of DRA. While requiring further development, the plan presented by the executives to the Board does not alter the strategic direction of DRA and has, in broad terms, been endorsed and committed to by the Board, and its implementation has already begun. The plan, which the CEO, Andrew Naude, collaborated on and presented to the Board, proposed, among other things, his departure. At the time of going to print, the separation discussions are ongoing.

These recent events have been bruising for all involved and have been an unfortunate distraction from what has otherwise been a noteworthy financial period for DRA. Lessons have been learned by all and I believe that, going forward, we will be a more collaborative, open and transparent organisation. This will foster the culture, values and entrepreneurial spirit we need to succeed - a solid platform to reap the benefits of being a global organisation, but remaining strong and locally focussed in every country in which we operate.

More recently, one of our shareholders made an application to the Australian Government Takeovers Panel requesting interim orders to place restrictions on the shares held by a group of DRA shareholders and more extensive final orders. Almost all submissions to the Takeovers Panel have been lodged and the Panel is about to begin considering the merits of the application. While DRA is only involved to a limited extent in the proceedings, the Board has cooperated fully in the process, where required.

The Board has listened and has already addressed many of the concerns raised. As a publicly listed company corporate controls and governance are essential, but we are already moving to a form of corporate governance (with the appropriate Corporate Office), suitable for DRA's operations.

We have moved through difficult times but, at our core, we have a solid and exciting organisation with deep and unique skills. The performance of the APAC business can be resolved and the Board has an optimistic view of DRA's future in Australia. In our EMEA, Minopex and Americas businesses, we are doing very well with current projects and a strong pipeline of new work coming in. The markets in which we operate are buoyant and the talents of our people and subject matter experts are in demand. Our management team has exciting plans for our growth initiatives in the fields of Advisory Services, Sustainability and Underground Mining. We have the best people in the industry working at DRA and they have the skills and expertise to lead us forward.

We are committed to keeping an open dialogue with you and I thank you all for your support and understanding during this time.

Yours faithfully

Peter Mansell Chairman

13 April 2022

Physical Level 8, 256 Adelaide Terrace / Perth WA 6000 / Australia // Postal PO Box 3130 / East Perth WA 6892 / Australia Telephone [phone] //[e-mail] // ACN 622 581 935 // ASX: DRA / JSE:DRA

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