Investor Presentaiton

EQUITY RAISING DETAILS Equity raising comprising A$525m placement and SPP Offer size and structure Offer price Ranking Share purchase plan (SPP) Underwriting Fully underwritten A$525m institutional placement to eligible investors under Evolution's ASX Listing Rule 7.1 capacity ("Placement") Approximately 138.2 million new fully paid ordinary shares ("New Shares") to be issued under the Placement, representing approximately 7.5% of existing shares on issue The Placement will be conducted at a price of A$3.80 per New Share ("Offer Price"), representing an 8.2% discount to the close price of A$4.14 per share as at 4 December 2023 New Shares issued under the Placement will rank pari passu with existing shares on issue Non-underwritten SPP to raise up to A$60m¹ Eligible shareholders in Australia and New Zealand will be invited to apply for up to A$30,000 of New Shares free of any brokerage, commission and transaction costs The issue price for New Shares in the SPP will be the lesser of the Offer Price and a 2.5% discount to the 5-day volume weighted average price of Evolution shares traded up to, and including, the closing date of the SPP (being 16 January 2024) SPP offer booklet expected to be sent to eligible shareholders on 13 December 2023 The Placement is fully underwritten by the underwriter² Evolution MINING 1. In conjunction with the placement, Evolution is undertaking a non-underwritten SPP, to raise up to A$60m, although Evolution may decide to accept applications that result in the SPP raising more or less than this amount 2. The underwriting agreement is subject to customary conditions precedent and termination events 25 25

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