Ann: Admiral Bay Zinc Project Acquisition Update, page-3

ASX Code: PLD 16 April 2015 Admiral Bay Zinc Project Acquisition Approved PLD Corporation Limited (ASXLD) (“PLD” or “the Company”) advises that the Sale Agreement (“Agreement”) related to the Admiral Bay Zinc Project (“Admiral Bay”) has been finalised with Kagara Limited (in liquidation) (“Kagara”), and that entry into the Agreement and related documents by Kagara has been approved by the Federal Court of Australia, so that Completion (“Completion”) may proceed, subject to remaining conditions precedent set out below. The Acquisition will constitute a change in nature and scale of the Company’s activities. As part of satisfying its requirements to re‐comply with Chapters 1 and 2 of the ASX Listing Rules, the acquisition must be approved by PLD’s Shareholders at a general meeting (“Meeting”). The Company’s shareholders will receive a notice of meeting shortly setting out various resolutions relating to the Acquisition (“Notice of Meeting”). A detailed explanatory statement will accompany the Notice of Meeting, together with an independent experts report (if required) and will be distributed to all shareholders prior to the Meeting. In addition to the Notice of Meeting, PLD will issue a disclosure document in the form of an Information Memorandum that will provide full disclosure of the material matters, to enable PLD to comply with Chapters 1 and 2 of the ASX Listing Rules (“Information Memorandum”). The Company’s securities will be suspended on the date of the Meeting at which Shareholder approval for the proposed Acquisition will be sought. Subject to approval being obtained, the Company’s securities will remain suspended until the Company has re‐complied with Chapters 1 and 2 of the ASX Listing Rules and completion of the Acquisition has taken effect (see Indicative Timetable). Further details will be included in the Notice of Meeting. An Indicative Timetable for the Completion of the Acquisition is set out below.

Table 1. Indicative Timetable Action Target Days Notice of Meeting 30 April 2015 Independent Experts Report +30 days General Meeting of Shareholders +35 days Approval of Acquisition +35 days Suspension from Official Quotation +35 days Information Memorandum Lodged with ASIC and ASX +40 days Completion of Acquisition +44 days Satisfaction of Requirements of Chapter 1 & 2 +44 days Re‐instatement to trading on the ASX +49 days