19 August 2020 NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES Lynas Corporation Successfully Completes Placement and Institutional Entitlement Offer to raise approximately A$311 million as part of A$425 million Equity Raising • Placement and Institutional Entitlement Offer attracted significant demand from both eligible existing and eligible new institutional investors located in Australia and offshore • Fully underwritten1 Retail Entitlement Offer to raise a further ~A$114 million opens on Monday, 24 August 2020 and is expected to close at 5.00pm (Sydney time) on Monday, 7 September 2020 • Offer proceeds will be used to fund the Lynas 2025 foundation projects expected to be delivered in 2023 • Strengthened balance sheet delivers timely funding for Lynas 2025 foundation projects during a critical transformation period and mitigates current global economic uncertainties due to COVID-19 Lynas completion of its institutional placement (“Placement”
and the institutional component of its 1-for-7.7 fully underwritten 2 pro rata accelerated non-renounceable entitlement offer (“Institutional Entitlement Offer”, and together with the Placement, the “Institutional Offer”
of new ordinary shares in Lynas (“New Shares”
as announced on Monday, 17 August 2020. Lynas received significant demand during the Institutional Offer bookbuild from high-quality, eligble existing and new institutional investors located in Australia and offshore. The Institutional Offer closed on Tuesday, 18 August 2020, raising approximately A$311 million. The Offer Price was A$2.30 per New Share. Lynas Chief Executive Officer and Managing Director, Amanda Lacaze, said: “We are delighted by the level of demand for the Institutional Offer from eligible existing and new institutional investors, both in Australia and overseas. This is a clear indication of institutional support for our Lynas 2025 growth vision and our strengthened balance sheet will enable Lynas to mitigate global economic uncertainties and continue to progress with our Lynas 2025 foundation projects. “We look forward to the participation of our retail shareholders when the Retail Entitlement Offer opens on Monday, 24 August.” 1 2 Corporation Limited (ASX:LYC) (“Lynas”
is pleased to announce the successful Excluding the circumstances described in Footnote 1 on page 2 of LYC’s investor presentation released to the ASX on 17 August 2020 (“Investor Presentation”
. Refer to “Equity raising risk” in the Key Risks in the Investor Presentation for a description of the terms and conditions of the underwriting arrangements. Please refer to Footnote 1.
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