Ann: MRC to Increase Ownership Interest in Tormin, page-2

This is a pretty significant announcement after the recommencement of the inland strands process, the company moving forward with its expansion to 3.9Mil tpa and next year's plan to produce finished products.

Ownership will increase from 50% to 69%

Following completion of the restructure of MSR, MSR’s ownership structure will change
to being 69% owned by MRCR, 21% owned by Blue Bantry, 5% owned by employees and
5% owned by the community. The employee and community ownership interests will be
effective from the date the relevant trusts and oversight mechanisms are approved and in
place, and until such time MRC will hold those interests in MSR in its own name resulting
in it holding 79% of the issued capital of MSR and Blue Bantry holding 21% until the 5%
employee and 5% community interests are finalised.

I do like how employees and the community will take a 5% ownership where they will all be rewarded for the success of MRC's

Well done to all parties involved in securing this agreement.