Contingent Liabilities As detailed in the Company’s announcement...

Contingent Liabilities As detailed in the Company’s announcement dated 1 September 2017, Karara Mining Ltd (“KML”) has extended the Facility Agreement with China Development Bank and Bank of China –US$400 million Fixed Term Loan Facility. Gindalbie no longer has a contingent liability with respect to the shareholder guarantee provided by the company to Ansteel for this term loan. The Company currently has the policy of not providing parent company guarantees for loans made to KML by any third party. The shareholder guarantees provided by the Company in place after the rollover of the US$400m loan equate to approximately AUD$216m. A further US$300m Fixed Term Loan Facility is scheduled to mature in April 2018, of which the Company has guaranteed to the extent of AUD$184m. The Company continues to actively work towards the reduction of contingent liabilities relating to KML