Letter to Kogi Shareholders

1 Last

29101971

5,699 Posts.

316

22/06/18

17:03

Post #: 33890940

As received by email this afternoon:

Dear Kogi Iron shareholder,

1 The Extraordinary General Meeting of Kogi Iron Limited, will be held at The Celtic Club, 48 Ord Street, West Perth WA 6005 at 10.00am WST on Monday July 2^nd, 2018.

2 As announced on 11 May 2018, Kogi Iron Limited received a notice from a group of shareholders (Requisitioning Members) that held at the time over 5% of votes in Kogi to requisition an extraordinary general meeting under section 249D of the Corporations Act.

3 The Requisitioning Members are asking shareholders to remove three of the five existing directors, being non-executive directors Mr Don Carroll, Mr Michael Tilley and Chief Executive Officer Mr Martin Wood, and to elect in their place, three directors nominated by the Requisitioning Members.

4 We three directors directly impacted by the Requisitioning Members' proposed resolutions recommend that you vote AGAINST Resolutions 1-6 and refer you to some notable achievements;

5

Substantial increase in the share price of Kogi Iron Limited. 750% between 18 May 2017 (A$0.02) and 18 May 2018 (A$0.17).

Successfully raised the capital needed to move the Agbaja Cast Steel Project forward and achieved many notable milestones.

Increased the pace of progress in recent months.

6 It is our belief that the Requisitioning Members' Nominees do not have the requisite experience to develop or operate mining projects in Nigeria. Furthermore, to be effective, the Requisitioning Members' Nominees would likely look to pursue a similar strategy already planned by the current board.

7 More details around the notable achievements can be found in the Notice of Meeting. To view or download a copy of the Notice of Meeting, please click here.

8 How to vote

9 To vote by proxy, please complete and sign the Proxy form as soon as possible and send to the share registry:

10

by mail to Kogi Iron Limited, C/- Link Market Services Limited, Locked Bag A14, Sydney South NSW 1235 Australia;

by facsimile to +61 2 9287 0309;

by hand to Link Market Services Limited, 1A Homebush Bay Drive, Rhodes NSW 2138; or

online at www.linkmarketservices.com.au. Select Investor Login and follow the prompts.

11 If you need a new form or would like further details, please contact Link Market Services Limited on + 61 1300 554 474.

12 Remember, voting closes 10.00am (WST) on Saturday 30 June 2018.

13 Yours sincerely,

14 Mr Don Carroll, Mr Michael Tilley and Mr Martin Wood

	Dear Kogi Iron shareholder,
1	The Extraordinary General Meeting of Kogi Iron Limited, will be held at The Celtic Club, 48 Ord Street, West Perth WA 6005 at 10.00am WST on Monday July 2^nd, 2018.
2	As announced on 11 May 2018, Kogi Iron Limited received a notice from a group of shareholders (Requisitioning Members) that held at the time over 5% of votes in Kogi to requisition an extraordinary general meeting under section 249D of the Corporations Act.
3	The Requisitioning Members are asking shareholders to remove three of the five existing directors, being non-executive directors Mr Don Carroll, Mr Michael Tilley and Chief Executive Officer Mr Martin Wood, and to elect in their place, three directors nominated by the Requisitioning Members.
4	We three directors directly impacted by the Requisitioning Members' proposed resolutions recommend that you vote AGAINST Resolutions 1-6 and refer you to some notable achievements;
5	Substantial increase in the share price of Kogi Iron Limited. 750% between 18 May 2017 (A$0.02) and 18 May 2018 (A$0.17). Successfully raised the capital needed to move the Agbaja Cast Steel Project forward and achieved many notable milestones. Increased the pace of progress in recent months.
6	It is our belief that the Requisitioning Members' Nominees do not have the requisite experience to develop or operate mining projects in Nigeria. Furthermore, to be effective, the Requisitioning Members' Nominees would likely look to pursue a similar strategy already planned by the current board.
7	More details around the notable achievements can be found in the Notice of Meeting. To view or download a copy of the Notice of Meeting, please click here.
8	How to vote
9	To vote by proxy, please complete and sign the Proxy form as soon as possible and send to the share registry:
10	by mail to Kogi Iron Limited, C/- Link Market Services Limited, Locked Bag A14, Sydney South NSW 1235 Australia; by facsimile to +61 2 9287 0309; by hand to Link Market Services Limited, 1A Homebush Bay Drive, Rhodes NSW 2138; or online at www.linkmarketservices.com.au. Select Investor Login and follow the prompts.
11	If you need a new form or would like further details, please contact Link Market Services Limited on + 61 1300 554 474.
12	Remember, voting closes 10.00am (WST) on Saturday 30 June 2018.
13	Yours sincerely,
14	Mr Don Carroll, Mr Michael Tilley and Mr Martin Wood