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Release Date: 07/11/2018 09:01:00      Code(s): TAW       PDF(s):  
Merger Update

Tawana Resources NL
(Incorporated in Australia)
(Registration number ACN 085 166 721)
Share code on the JSE Limited: TAW
Share code on the Australian Securities Exchange Limited: TAW
(“the Company” or “Tawana”)

                                            Merger Update
Tawana Resources NL (ASX: TAW) (Tawana) is pleased to provide the following update in relation to the merger
between Alliance Mineral Assets Limited (Alliance) (SGX:40F) and Tawana to be implemented by way of a
scheme of arrangement under the Corporations Act 2001 (Cth) (Corporations Act) (Merger).

As announced by Tawana on 31 October 2018, the $40 million secured funding package is expected to assist
with facilitating the ASX listing of Alliance in connection with the Merger. Tawana and Alliance have also
previously confirmed their commitment to pursue the ASX listing of Alliance following the Merger (see ASX
announcement on 27 September 2018; SGX announcement on 28 September 2018).

Accordingly, Tawana and Alliance have agreed to reinstate the condition precedent to the Merger that Alliance
be admitted to the Official List of the ASX (ASX Listing Condition).

The reinstatement of the ASX Listing Condition means that the Merger will only proceed if Alliance is admitted
to the Official List of the ASX. Consequently, if the Merger is approved by the Federal Court and by the requisite
majorities of Tawana shareholders, then the merged Alliance and Tawana group will be listed on ASX and Tawana
shareholders will receive ASX-listed Alliance shares (unless otherwise elected to receive SGX-ST listed shares) in
exchange for their Tawana shares under the Merger.

The updated indicative timetable for the Merger is as follows:

 Federal Court Hearing to approve                      Thursday 8 November 2018
 Supplementary Scheme Booklet
 Supplementary Scheme Booklet dispatched               Monday 12 November 2018
 to shareholders
 Tawana Scheme Meeting                                Tuesday 27 November 2018

 Second Court Hearing to approve Scheme                 Monday 3 December 2018
 Effective Date                                        Tuesday 4 December 2018
 Suspension of trading in Tawana shares on
 ASX (close of trading)
 AMAL admitted to ASX and AMAL shares                Wednesday 5 December 2018
 commence trading on a deferred settlement
 Record Date                                            Friday 7 December 2018
 Implementation Date                                   Friday 14 December 2018
 Last day of AMAL shares trading on ASX on a           Friday 14 December 2018
 deferred settlement basis
 AMAL shares commence trading on ASX on a              Monday 17 December 2018
 normal settlement basis

07 November 2018

PricewaterhouseCoopers Corporate Finance (Pty) Ltd

Date: 07/11/2018 09:01:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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