The directors of Cremorne Capital, in their capacity as Responsible Entity for the Lowell Resources Fund announced to unitholders of the current estimate of a distribution from the Fund for the 2021-2022 Financial Year. Unaudited management accounts for the Fund currently indicate that the Fund will distribute between 9 cents and 12 cents per unit of unfranked distribution for the financial year. This is subject to change and an updated estimate of the distribution will be announced in the final week of June.

This distribution forecast compares with a distribution of 14.9835 cents per unit for the previous financial year, which was announced in June 2021 and paid in late August 2021. Distribution reinvestment is available to LRT unitholders. The DRP price for the 14.9835 cents per unit distribution last year was $1.46 per unit.