Altamin : Letter to Shareholder & Notice of General Meeting

ASX Announcement

14 MARCH 2022

onlyDear Shareholder

The General Meeting (Meeting) of shareholders of Altamin Limited (ABN 63 078 510 988) (Company)

will be held at Suite 3.5, 9 Bowman Street, South Perth 6151, Western Australia on 13 April 2022 at 3:00pm (AWST).

The Board has made the decision that it will hold a physical Meeting with appropriate social distancing measures in place to comply with the Federal Government and State Government's current restrictions on gatherings. In order to ensure that the Company complies with the COVID-19 restrictions,

shareholders who wish to attend the Meeting in person will need to register their attendance by emailing the Company Secretary, Stephen Hills, at [e-mail] or by phoning [phone] by no later than 5.00 pm (AWST) on 12 April 2022.

usesending hard copies of the Notice of Meeting (Notice) to shareholders unless a shareholder has requested a hard copy. The Notice can be viewed and downloaded from the Company's website at https://www.altamin.com.au/ or ASX at www2.asx.com.au.

In accordance with section 253RA(2) of the Corporations Act 2001 (Cth), the Company will not be

The Company strongly encourages shareholders to lodge a directed proxy form prior to the Meeting. personalProxies may be lodged using any of the following methods:

• in person to Automic, Level 5, 126 Phillip Street, Sydney, NSW 2000;

• by post to Automic, GPO Box 5193, Sydney, NSW 2001;

• by email to [e-mail];

• by facsimile to + 61 2 8583 3040; or

• by recording the proxy appointment and voting instructions via the internet at https://investor.automic.com.au/#/loginsah. Only registered shareholders may access this facility and will need their Holder Identification Number (HIN) or Securityholder Reference Number (SRN).

Your proxy form must be received by 3:00pm (AWST) on 11 April 2022, being not less than 48 hours before the commencement of the Meeting. Any proxy forms received after that time will not be valid for the Meeting.

Circumstances relating to COVID-19 are constantly evolving and accordingly, we may make alternative arrangements to the way in which the Meeting is held. If this occurs, we will notify any changes via the Company's ASX announcement platform at asx.com.au (ASX: AZI). Any shareholders who plan to physically attend the Meeting should closely monitor these platforms for any updates by the Company

Forin regard to attending the Meeting in person and alternative arrangements.

The Notice is important and should be read in its entirety. If you are in doubt as to the course of action you should follow, you should consult your financial adviser, lawyer, accountant or other professional adviser.

If you have any difficulties obtaining a copy of the Notice, please contact the Company's share registry, Automic Group, 1300 288 664.

Yours sincerely,

Stephen Hills

Finance Director / Company Secretary

For personal use only

ALTAMIN LIMITED

ABN 63 078 510 988

NOTICE OF GENERAL MEETING

AND EXPLANATORY

MEMORANDUM TO

SHAREHOLDERS

Date of Meeting

13 April 2022

Time of Meeting

3:00pm (AWST)

Place of Meeting

Suite 3.5, 9 Bowman Street, South Perth WA 6151

A Proxy Form is enclosed or has otherwise been provided to you.

Please read this Notice and Explanatory Memorandum carefully.

If you are unable to attend the General Meeting please complete and return the Proxy Form in accordance with the specified directions.

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For personal use only

Altamin Limited

ABN 63 078 510 988

NOTICE OF GENERAL MEETING

Notice is given that the General Meeting of Shareholders of Altamin Limited ABN 63 078 510 988 will be held at Suite 3.5, 9 Bowman Street, South Perth WA 6151 on 13 April 2022 at 3:00pm (AWST) for the purpose of transacting the following business referred to in this Notice of General Meeting.

The Company and the Board are acutely aware of the current circumstances resulting from COVID-19 and the impact it is having, and is likely to continue to have, on physical meetings. The Board has made the decision that it will hold a physical Meeting with the appropriate social gathering and physical distancing measures in place to comply with the State and Federal Government's current restrictions for physical gatherings.

Circumstances relating to COVID-19 are changing rapidly. The Company will update Shareholders if changing circumstances will impact the planning or arrangements for the Meeting by way of announcement on ASX and the details will also be made available on our website at https://www.altamin.com.au/.

AGENDA

1 Resolution 1 - Issue of Shares to Mr Geraint Harris (Managing Director) or his nominee(s)

To consider and, if thought fit, to pass the following Resolution as an ordinary resolution:

"That, for the purposes of Listing Rule 10.11 and for all other purposes, Shareholders approve the issue of 2,844,800 Shares at an issue price of $0.06 per Share to Mr Geraint Harris, Managing Director, or his nominee(s) on the terms and conditions set out in the Explanatory Memorandum."

Voting exclusion statement: The Company will disregard any votes cast in favour of the Resolution by or on behalf of:

1. the person who is to receive the securities in question and any other person who will obtain a material benefit as a result of the issue of the securities (except a benefit solely by reason of being a holder of ordinary securities in the Company) or his nominee(s); or
2. an Associate of that person.

However, this does not apply to a vote cast in favour of the Resolution by:

1. a person as proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with the directions given to the proxy or attorney to vote on the Resolution in that way ; or
2. the Chair of the Meeting as proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with a direction given to the Chair to vote on the Resolution as the Chair decides; or
3. a holder acting solely in a nominee, trustee, custodial or other fiduciary capacity on behalf of a beneficiary provided the following conditions are met:
4. 1. the beneficiary provides written confirmation to the holder that the beneficiary is not excluded from voting, and is not an Associate of a person excluded from voting, on the Resolution; and
   2. the holder votes on the Resolution in accordance with directions given by the beneficiary to the holder to vote in that way.

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For personal use only

OTHER BUSINESS

To deal with any other business which may be brought forward in accordance with the Constitution and the Corporations Act.

Details of the definitions and abbreviations used in this Notice are set out in the Glossary to the Explanatory Memorandum.

By order of the Board

Stephen Hills

Company Secretary

Dated: 14 March 2022

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How to vote

Shareholders can vote by either:

• attending the Meeting and voting in person or by attorney or, in the case of corporate Shareholders, by appointing a corporate representative to attend and vote; or
• appointing a proxy to attend and vote on their behalf using the Proxy Form accompanying this Notice of Meeting and by submitting their proxy appointment and voting instructions in person, by post, electronically via the internet or by facsimile.

Voting in person (or by attorney)

Shareholders, or their attorneys, who plan to attend the Meeting are asked to arrive at the venue 15 minutes prior to the time designated for the Meeting, if possible, so that their holding may be checked against the Company's share register and their attendance recorded. To be effective a certified copy of the Power of Attorney, or the original Power of Attorney, must be received by the Company in the same manner, and by the same time as outlined for Proxy Forms below.

Voting by a Corporation

A Shareholder that is a corporation may appoint an individual to act as its representative and vote in person at the Meeting. The appointment must comply with the requirements of section 250D of the Corporations Act.

The representative should bring to the Meeting evidence of his or her appointment, including any authority under which it is signed.

Voting by proxy

• A Shareholder entitled to attend and vote is entitled to appoint not more than two proxies. Each proxy will have the right to vote on a poll and also to speak at the Meeting.
• The appointment of the proxy may specify the proportion or the number of votes that the proxy may exercise. Where more than one proxy is appointed and the appointment does not specify the proportion or number of the Shareholder's votes each proxy may exercise, the votes will be divided equally among the proxies (i.e. where there are two proxies, each proxy may exercise half of the votes).
• A proxy need not be a Shareholder.
• The proxy can be either an individual or a body corporate.
• If a proxy is not directed how to vote on an item of business, the proxy may generally vote, or abstain from voting, as they think fit.
• Should any resolution, other than those specified in this Notice, be proposed at the Meeting, a proxy may vote on that resolution as they think fit.
• If a proxy is instructed to abstain from voting on an item of business, they are directed not to vote on

the Shareholder's behalf on the poll and the Shares that are the subject of the proxy appointment will not be counted in calculating the required majority.

• Shareholders who return their Proxy Forms with a direction how to vote, but who do not nominate the identity of their proxy, will be taken to have appointed the Chair of the Meeting as their proxy to vote on their behalf. If a Proxy Form is returned but the nominated proxy does not attend the Meeting, the Chair of the Meeting will act in place of the nominated proxy and vote in accordance with any instructions. Proxy appointments in favour of the Chair of the Meeting, the secretary or any Director that do not contain a direction how to vote will be used, where possible, to support Resolution 1, provided they are entitled to cast votes as a proxy under the voting exclusion rules which apply to Resolution 1. These rules are explained in this Notice.
• To be effective, proxies must be received by 3:00pm (AWST time) on 11 April 2022. Proxies received after this time will be invalid.
• Proxies may be lodged using any of the following methods:
• • in person to Automic, Level 5, 126 Phillip Street, Sydney, NSW 2000;
  • by post to Automic, GPO Box 5193, Sydney, NSW 2001;
  • by email to [e-mail];
  • by facsimile to + 61 2 8583 3040; or
  • by recording the proxy appointment and voting instructions via the internet athttps://investor.automic.com.au/#/loginsah. Only registered Shareholders may access this facility and will need their Holder Identification Number (HIN) or Securityholder Reference Number (SRN).
• The Proxy Form must be signed by the Shareholder or the Shareholder's attorney. Proxies given by corporations must be executed in accordance with the Corporations Act. Where the appointment of a proxy is signed by the appointer's attorney, a certified copy of the Power of Attorney, or the power itself, must be received by the Company at the above address, or by facsimile, and by 3:00pm (AWST time) on 11 April 2022. If facsimile transmission is used, the Power of Attorney must be certified.

Shareholders who are entitled to vote

In accordance with paragraphs 7.11.37 and 7.11.38 of the Corporations Regulations, the Board has determined that a person's entitlement to vote at the General Meeting will be the entitlement of that person set out in the Register of Shareholders as at 5:00pm (AWST time) on 11 April 2022.

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