Ann: Trading Halt, page-87

From the announcement today:

Effectuation of the DOCA and completion of the Share Sale Agreement remain subject to Pilbara Minerals completing a A$240 million equity raising, which, as previously announced, will comprise:

• a A$119 million placement to AustralianSuper Pty Ltd in its capacity as trustee for AustralianSuper and Resource Capital Fund VII L.P. (“Placement”; and

• a A$121 million fully underwritten accelerated non-renounceable entitlement offer (“Entitlement Offer”,
each at a price of A$0.36 per share (together, the “Equity Raising”. The offer price was set on the announcement of Pilbara Mineralogys’ entry into the Implementation Deed on 28 October 2020.

The Placement process will commence today, with the Entitlement Offer expected to launch early next week following completion of the Placement. Further details on its timing will be provided when the Entitlement Offer is launched.

Upon the release of this announcement, the Company requests the reinstatement of trading of its securities.

Release authorised by Ken Brinsden, Pilbara Minerals Limited’s Managing Director.