Ann: Expiry of Quoted Options- ARUO Update, page-6

How many business lunches does one have? :/


Arafura Rare Earths Limited (ASX: ARU) (“Arafura” or the “Company”) advises that it has 70,676,878 quoted
options with ASX ticker “ARUO”, exercisable at $0.20, which are due to expire on 29 February 2024 (“Options”).
The Company provides the following information in relation to the Options:
▪ The number of Options to which this notice applies is 70,676,878.
▪ Each Option entitles the holder to receive, on exercise of the Option, one fully paid ordinary share in the
Company (“Share”). If all the Options were exercised, 70,676,878 Shares would be issued.
▪ The exercise price of each Options is $0.34