ANNUAL REPORT 2017

ANNUAL GENERAL MEETING OF SHAREHOLDERS

To be held at CWA House, 1176 Hay Street, West Perth Western Australia 6005

21 November 2017 at 11am

All dollar amounts referred to in the report are expressed in Australian dollars unless otherwise noted.

Gulf (ASX. GMC) is focused on the near-term development of its low-cost, ferromanganese smelting facility in Kupang,

Indonesia. Gulf's strategy includes the purchasing of high grade Indonesian manganese ores at smelter gate, processing of these ores at the Kupang Smelting Hub and the exporting of a premium (circa 78%) ferromanganese alloy to growing, high-demand global markets.

CRAIG MUNRO NON-EXECUTIVE CHAIRMAN The development of the Kupang Smelting Hub Facility has always been about capturing the bigger picture. Gulf is continuing to forge robust, long-lasting relationships with local community members and decision makers and we remain committed to generating wealth for the Kupang community and to creating significant shareholder value for our supportive shareholder base.

Gulf Manganese Corporation Limited published this content on 27 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 October 2017 14:44:07 UTC.

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