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TAWANA RESOURCES NL - Supplementary Scheme Booklet Registered with ASIC

Release Date: 08/11/2018 11:35:00      Code(s): TAW       PDF(s):  
Supplementary Scheme Booklet Registered with ASIC

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

            Supplementary Scheme Booklet Registered with ASIC

Tawana Resources NL (ASX: TAW) (Tawana) is pleased to announce that the Australian Securities and
Investments Commission has today registered the Supplementary Scheme Booklet in relation to the proposed
merger between Tawana and Alliance Mineral Assets Limited (Alliance) (Merger). The Merger is to be effected
by way of a members scheme of arrangement whereby Tawana Shareholders will receive 1.1 new Alliance
Shares for every 1 Tawana Share held (Scheme).

Tawana is providing the Supplementary Scheme Booklet to supplement and amend the disclosure in the Scheme
Booklet dated 20 August 2018, including in relation to the $40 million conditional debt funding package executed
by Tawana and 30 June 2018 financial information for Tawana, Alliance and the Merged Group.

The Tawana Directors continue to unanimously recommend that you vote in favour of the Scheme in the
absence of a superior proposal.

The Independent Expert, BDO, has maintained its opinion that the Scheme is fair and reasonable to Tawana
Shareholders and therefore is in the best interests of Tawana Shareholders, in the absence of a superior

Supplementary Scheme Booklet

On 8 November 2018, the Federal Court of Australia approved the convening of a meeting of Tawana
Shareholders to consider and vote on the Scheme and approved the dispatch of the Supplementary Scheme
Booklet to Tawana Shareholders.

A copy of the Supplementary Scheme Booklet, which includes a replacement Independent Expert’s Report, a
replacement Independent Limited Assurance Report and the Notice of Postponed Scheme Meeting, has been
released on ASX today and will be sent to Tawana Shareholders on or around 12 November 2018.

Shareholders should read the Scheme Booklet and the Supplementary Scheme Booklet (and the materials
accompanying those documents) before deciding whether or not to vote in favour of the Scheme.

Scheme Meeting

The postponed Scheme Meeting to approve the Scheme will be held at 10:00am (AWST) on Tuesday, 27
November 2018 at King & Wood Mallesons, Level 30, QV1 Building, 250 St Georges Terrace, Perth, Western

Each Shareholder’s vote is important in determining whether or not the Scheme proceeds. All Shareholders
registered as at 10:00am (AWST) on 25 November 2018 will be entitled to vote at the Scheme Meeting and are
encouraged to do so.

Tawana shareholders do not need to attend the Scheme Meeting in person to vote, as their vote can be made
by proxy by completing the personalised proxy form accompanying the Supplementary Scheme Booklet sent to
shareholders. Instructions for proxy lodgement, including an option to lodge the proxy online, are included on
the proxy form.

Tawana Shareholders that have already voted are entitled to change their vote by submitting a new Proxy Form.

All Proxy Forms must be received by the Company’s share registry by no later than 10:00am (AWST) on 25
November 2018 in accordance with the directions set out in the Proxy Form. If a new Proxy Form is submitted it
will be taken to revoke any previously submitted Proxy Form. Otherwise, Proxy Forms that have been validly
lodged prior to today will be deemed valid for the postponed Scheme Meeting, provided that the Tawana
Shareholder continues to be a registered holder as at 10:00am on 25 November 2018.

Further information regarding voting and the lodgement of Proxy Forms can be found in the Supplementary
Scheme Booklet.

Small Scheme Participant Sale Facility

Following the reinstatement of the ASX Listing Condition (refer to ASX Announcement dated 7 November 2018),
the small scheme participant sale facility referred to in Tawana’s ASX announcement dated 19 September 2018
will no longer be implemented and Shareholders will no longer be able to elect to participate in such a facility.

The updated indicative timetable for the Merger is as follows:
 Supplementary Scheme Booklet dispatched to shareholders                             Monday 12 November 2018
 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)
 Alliance admitted to ASX and Alliance shares commence trading on a                Wednesday 5 December 2018
 deferred settlement basis
 Record Date                                                                          Friday 7 December 2018
 Implementation Date                                                                 Friday 14 December 2018
 Last day of Alliance shares trading on ASX on a deferred settlement basis           Friday 14 December 2018
 Alliance shares commence trading on ASX on a normal settlement basis                Monday 17 December 2018
* All dates are indicative only and subject to change

For further information please contact the Investor Hotline Monday to Friday between 9:00am and 5:00pm
 1300 223 071
+61 3 9415 4032

8 November 2018

PricewaterhouseCoopers Corporate Finance (Pty) Ltd

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