Indochine Mining : Extension of Time to hold Annual General Meeting

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MINING LIMITED (Subject to Deed of Company Arrangement) ASX & POMSoX:IDC

Extension of Time to hold Annual General Meeting

16 March 2017

Company Announcements Office

lndochine Mining Limited (Subject to Deed of Company Arrangement) (ASX & POMSoX: IDC, the Company) wishes to advise that the Australian Securities & Investments Comm ission (ASIC) has granted the Company an extension of time to prepare its financial statements and hold the Annual General Meeting (AGM) for the financial year ended 30 June 2016.

The Company is required to hold the AGM prior to 30 November each year. The extension granted by ASIC on 14 March 2017 allows the Company to lodge its financial accounts by 31 January 2018 and subsequently convene the AGM by 31 March 2018.

The reasons for seeking extensions of time to hold the AGM was necessitated by:

• The Company being in external administration;

• The Company's main asset being in dispute; and

• The proponent of Deed of Company Arrangement (DOCA) willing to fund only one shareholder's meeting.

Shareholders will be advised of the relevant details of the AGM as soon as possible and, in any event, will be provided with 28 days' notice.

In the event shareholders have any queries on the above, please do not hesitate to contact Nirav Shah of the Deed Administrators office on 08 9214 1444.

E: info@indochinemining .com

lndochine Mining Limited (Subject to Deed of Company Arrangement) (ASX & POMSoX :IDC) www. indochinemining.com

Our Reference: 6733/17

A S I C

14 March 2017 Level I.11 MOIIIILS Ba} Rood,

PW/ 6000

GI'() 80,Y27, f' 11h WA Wt)I

lJX 158 l'enh

Mr Martin Bmce Jones

Deed Administrator

lndochine Mining Limited

Cl- Ferrier Hodgson

Level 28, 108 St Georges Terrace

PERTH WA 6000

Telephone ,61 S 9261 41100

Fac.11nilc 11,1 8 9261 1221

By email 011(v: La11ren.McCa111r@J/11.com.au

Dear Mr Jones

lndochinc Mining Limited (Subject to Deed of Company Arran gement) ACN 141 677 385 (the Company) - Extension of ti me to hold the 2016 Annu al General Meeting (AGl•I)

We refer to your application dated 22 February 201 7 and lodged with lhe Austra l ian Securities and Investments Commission (ASIC) on 28 February 2017, requesting that ASIC gr.mt the Company relief from s250N of the Corporations Act 200 I (the Act) to

hold its 2016 AGM at which the Company would normally presen t its financial reports

for the financial year ending 30 June 20 16.

This application was considered concurrently with an application for financial reporting relief by the Company, which was granted pursuant to ASIC Instrument I 7-0245. Under ASIC Instrument 17-0245, the Company's financial reporting obl igations were defen·ed unti l the earlier of:

1. 31 January 2018; or

2. the date that the Colllpany ceases to be under extcmal adm inistration; or

3. rhe date on which a disclosure document is lodged with AS IC in relation to any olTer for issue or sale of securities that needs disclosure to investors under Chapter 6f> of the Corporatio ns Act 200 I (Acl).

Under s250P of the Act, AS IC may extend thi.: period with in which s250N of the Act requi res a company to hold its AGM. Aer considering the infonnation contained in your appl ication. ASIC extends the per iod within wh ich the Company must hold its 2016 JGM to the date that is 2 months after the financial reporting deferral period prov ided by ASIC Instrument I 7-0245 expires.

Accordingly, if the financial rcponing deferral period expires on 31 January 20 1 8, then the Com pany must hold its 20 16 AGM by 31 March 2018. If the financial reporting deferral period ends before 31 January 2018 because the Company ceases to be under external administration, or lodges a disclosure document, then the Company must hold its 20 16 AGM within 2 months after the dale the Compan)' ceases to be under external administration. or lodge.s a disclosure document. Please note that under s250P(3) of the Act, die Com pany must hold its AGM w ithin the extended period, i .e.before:: the cxtc::ndcd period expires.

Unde r subsection 250P(4) of the Act, ASIC imposes the followi ng cond itions:

1. the administrator must maintain arrangements for answering free of charge, reasonable enquiries from the Company's members about the consequences of the external administration of the Company and the holding of the 2016 AGM;

2. within 2 business days of receipt of this letter, the administrator must ensure that details o the extension of time for holding the 2016 AGM arc disclosc.d on a public website that is rnantaincd by, or on behal f of. the administrator of the Company in a way that is read ily accessible from the website; and

3. within 2 business days of receipt of this letter, the administrator m ust give written notice explaining the ncc.d for, and the effect of, this extension to the ASX Limi ted ACN 008 624 691 (ASX) for release to the financial markel operated by the ASX.

Please note that where the financial reporting deferral period under ASIC Instrument 17-0245 has ceased earlier than 2 months before the date on which the Company wou ld normally be required under s250N(2) of lhe Act to hold the relevant AGM, then the Company must hold the relevant AGM within the period that it would normally be required to hold the relevant AGM under s250);(2).

If you have any questions about this matter, please contact me on (08) 9261 4 1 80. Yours sincerely.

s, nmw

as a delegate of the Australian Securities & Investments Commission