On March 21, 2024, Sierra Rutile announced that it has received a notice stated to be under section 249D of the Corporations Act 2001 from PRM Services which holds at least 5% of the votes that may be cast at a general meeting of the Company. In addition to making the Offer, PRM Services has requested that the directors of Company call and arrange a general meeting of shareholders of the Company for the purposes of considering eight proposed resolutions, of which 4 resolutions are proposed for the appointment of each of Craig Dean, Wara SerryKamal, Stephen Palmer and Zhuoying Jing as directors of the Company and 4 resolutions are proposed for the removal of each of Gregory John Walton Martin, Graham Noel Davidson, Patrick O?Connor and Joanne Claire Palmer as directors of the Company. The Company stated that it has also received a notice stated to be under section 203D of the Corporations Act from PRM Services indicating PRM Services?

intention to propose the same eight resolutions for the appointment and removal of the persons listed in the section 249D notice; and a members? statement stated to be under section 249P of the Corporations Act from PRM Services.