Announcement PDF Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Announcement Summary Entity name AKORA RESOURCES LIMITED Date of this announcement Wednesday February 16, 2022 The +securities the subject of this notification are: Unquoted options that have been exercised or other unquoted +convertible securities that have been converted Total number of +securities to be issued/transferred ASX +security code Security description AKO ORDINARY FULLY PAID Refer to next page for full details of the announcement Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 1/6 Total number of +securities to be issued/transferred Issue date 302,648 16/02/2022 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 1 - Entity and announcement details 1.1 Name of entity AKORA RESOURCES LIMITED We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities. 1.2 Registered number type Registration number ACN 139847555 1.3 ASX issuer code AKO 1.4 The announcement is New announcement 1.5 Date of this announcement 16/2/2022 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 2/6 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 2 - Issue details 2.1 The +securities the subject of this notification are: Unquoted options that have been exercised or other unquoted +convertible securities that have been converted 2.2b The +securities being issued, transferred or re-classified as a result of the options being exercised or other +convertible securities being converted are: securities that have already been quoted on ASX ("existing class") Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 3/6 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by: A transfer of existing +securities The underlying securities being received by the holder are: Already quoted by ASX Existing +securities converting into an existing class FROM (Existing Class) ASX +Security code and description AKOAF : OPTION EXPIRING 07-DEC-2022 EX $0.30 TO (Existing Class) ASX +Security code and description AKO : ORDINARY FULLY PAID Please state the number of options that were exercised or other +convertible securities that were converted The first date the options were exercised or other +convertible securities were converted The last date the options were exercised or other +convertible securities were converted 16/2/2022 7/12/2022 302,648 Is this all of the options or other +convertible securities on issue of that type? No Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? No Date the +securities the subject of this notification were issued/transferred 16/2/2022 Any other information the entity wishes to provide about the +securities the subject of this notification Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 4/6 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Issue details Number of +securities 302,648 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 5/6 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 4 - +Securities on issue Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise: (A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.) 4.1 Quoted +Securities (Total number of each +class of +securities quoted) Total number of +securities on issue ASX +security code and description AKO : ORDINARY FULLY PAID 52,343,456 4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX) Total number of +securities on issue ASX +security code and description AKOAA : ORDINARY FULLY PAID RESTRICTED 8,693,266 AKOAE : OPTION EXPIRING 07-DEC-2022 RESTRICTED 2,244,750 AKOAF : OPTION EXPIRING 07-DEC-2022 EX $0.30 8,238,952 AKOAG : PERFORMANCE RIGHTS 1,000,000 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 6/6