Ann: Orocobre Limited - Appendix 4E, page-13

Has hit a new 52 week low today, post report. It’s interesting to note that in 2009/2010 the share price hit $2.00. The current share price is the same as it was in 2010. The sad thing is that the Lithium market dynamics indicate that for at least for the next 6 to 12 months you can expect Lithium prices to remain depressed. The ORE share price may hit a 10 year low before recovering. Sounds horrendous but if the SP does dip below $2 would be very tempting to top up as EV sales start increasing exponentially and the cost of manufacturing Li batteries comes down.