Ora Gold Limited (ACN 950 465 654) (ASX: OAU) (Ora Gold) under section 708AA(2)(f) of the Corporations Act 2001 (Cth) (Corporations Act) as modified by Australian Securities and Investments Commission (ASIC) Corporations (Non-Traditional Rights Issues) Instrument 2016/84 (Instrument 2016/84).

Where applicable, references in this notice to sections of the Corporations Act are to those sections as modified by Instrument 2016/84. Ora Gold announced on 2 November 2021 a non-renounceable pro rata entitlement offer (the Entitlement Offer) of one ordinary share in Ora Gold (Entitlement Shares) for every six ordinary shares in Ora Gold held as at 5.00pm (Perth time)) on 8 November 2021 to eligible shareholders with a registered address in Australia and New Zealand. An Offer Booklet for the Entitlement Offer is expected to be dispatched to eligible shareholders on 11 November 2021

Ora Gold advises that: The Entitlement Shares will be offered for issue without disclosure to investors under Part 6D.2 of the Corporations Act.

This notice is being given under section 708AA(2)(f) of the Corporations Act as modified.

As at the date of this notice, Ora Gold has complied with: a. the provisions of Chapter 2M of the Corporations Act as they apply to Ora Gold and b. section 674 of the Corporations Act as it applies to Ora Gold.

As at the date of this notice, there is no 'excluded information' of the type referred to in section 708AA(8) or section 708AA(9) of the Corporations Act that is required to be set out in this notice under section 708AA(7) of the Corporations Act.

The potential effect of the issue of Entitlement Shares pursuant to the Entitlement Offer on control of Ora Gold and the consequences of that effect, will depend on a number of factors, including the extent to which eligible shareholders take up their entitlements.

Given (i) the structure of the Entitlement Offer as a pro-rata issue and (ii) the current level of substantial holders (based on substantial holding notices that have been given to Ora Gold and lodged with Ora Gold on or prior to the date of this notice), the issue of Entitlement Shares is not expected to have any material effect or consequence on the control of Ora Gold and it is not expected that any person will acquire voting power of 20% or more in Ora Gold as a result of participating in, the Entitlement Offer. Specifically: If all eligible shareholders take up their entitlements under the Entitlement Offer, then the Entitlement Offer will have no significant effect on the control of Ora Gold.

If some eligible shareholders do not take up all of their entitlements under the Entitlement Offer, then the interests of those eligible shareholders in Ora Gold will be diluted.

The proportional interests of shareholders who are not eligible shareholders will be diluted because such shareholders are not entitled to participate in the Entitlement Offer.

Contact:

Tel: +61 8 9389 6927

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