Orica – $400m Placement

Summary

ORICA ANNOUNCES SUCCESSFUL COMPLETION OF A$400 MILLION PLACEMENT

1. Orica has successfully completed a A$400 million placement to fund the acquisition of Cyanco, a US-based sodium cyanide manufacturer.

2. The placement involved issuing approximately 25.3 million new shares at A$15.84 each to eligible institutional investors.

3. The acquisition of Cyanco is aimed at creating a leading integrated global sodium cyanide producer for the mining industry.

4. Orica plans to offer a Share Purchase Plan (SPP) for eligible retail shareholders in Australia and New Zealand, allowing them to purchase up to A$30,000 of new shares without brokerage or transaction costs.

5. The SPP price will be the lower of the placement price or a 2% discount to the 5-day VWAP up to the closing date of the SPP, scheduled for 18 March 2024.

6. New shares from the placement are expected to commence trading on the ASX on 27 February 2024, with shares resuming normal trading from 22 February 2024.

7. The SPP offer opens on 29 February 2024, with full details to be provided in the SPP Offer Booklet.

8. Orica is a leading mining and infrastructure solutions provider with a global workforce of over 12,500, operating for 150 years.

9. Orica has set an ambition to achieve net zero emissions by 2050, aligning with the goals of the Paris Agreement.

10. The announcement includes forward-looking statements based on current market conditions and assumptions, which are subject to risks and uncertainties.

This announcement is a summary of the company approved ASX announcement on 22/2/2024.