Rule 54 of the Takeovers Code – Acquisition Notice

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21 February 2017

Chatham Rock Phosphate Limited
Level 1, 93 Terrace
Wellington, 6011
New Zealand

By email: chris@widespread.co.nz

Notice pursuant to Rule 54 of the Takeovers Code – Acquisition Notice

Antipodes Gold Limited (AXG) made a full takeover offer dated 23 December 2016 (Offer) for all of
the equity securities in Chatham Rock Phosphate Limited (CRP).

On 20 February 2017, AXG gave notice pursuant to Rule 51 of the Takeovers Code that it had
become the dominant owner of CRP by virtue of becoming the holder or controller of 90% or more of
the voting rights in CRP.

AXG has today sent an “acquisition notice” as defined in the Takeovers Code to all outstanding
shareholders in CRP requiring them to sell all of their shares in CRP to AXG. In accordance with
Rule 54 of the Takeovers Code, a copy of the acquisition notice, together with the accompanying
cover letter which was sent to all outstanding CRP shareholders, is attached to this letter.

Yours sincerely

Peter Liddle
Chief Financial Officer
Antipodes Gold Limited