ASX Announcement 09 June 2015 Celamin Holdings NL Legal Dispute and Funding Update ACN 139 255 771 ABN 82 139 255 771 Level 4, 100 Albert Road South Melbourne VIC 3205 Contact: Phone: +61 (0)3 9692 7222 Fax: +61 (0)3 9077 9233 [email protected] Celamin Holdings NL (ASX: CNL) (Celamin, the Company) provides the following update to the market on the dispute between its wholly owned subsidiary Celamin Limited and the joint venture partner Tunisian Mining Services (“TMS”). The dispute is in relation to the ownership and control of the joint venture company Chaketma Phosphates SA (“CPSA”). Celamin Limited is taking legal action in Tunisia to resolve the situation. Update on Legal Actions Investor Relations: Current ongoing legal actions initiated by Celamin include: Stephen Nossal - An application for the reversal of the transfer of Celamin Limited shares in CPSA to TMS. This action is directed against the Director General of CPSA, TMS and Kais Mansouri of TMS; - An application for the return of A$160,000 owed by TMS to Celamin Limited, which is unrelated to the other actions; - A criminal complaint against the Director General of CPSA, TMS, and the broker involved in the share transfer has been submitted to the Tunisian prosecutor’s office. Following review, the matter has been referred to a specialist branch of the Tunisian police for further investigation; - An application is in process for the freezing of the remaining Celamin Limited loan funds in CPSA. As at 31 January 2015, CPSA held US$1.4m of Celamin Limited loan funds in its bank accounts from a total of US$1.7m in Celamin Limited loan accounts in CPSA; Board of Directors: Martin Broome, Chairman Nic Clift, Managing Director Russell Luxford, Non-Exec Director Sue-Ann Higgins, Alternate Director Tim Markwell, Non-Exec Director Company Secretary: Melanie Leydin Securities on Issue: CNL: 993,171,986 ordinary shares CNLCA: 14,887,796 partly paid shares Each of these actions is currently ongoing and Celamin will continue to update the market as developments occur. Short Term Funding Facilities As announced on 28 April 2015, Celamin noted the return of the US$2m that it had deposited into the Tunisian bank account of CPSA on 13 January 2015 for the purposes of satisfying a cash call. Celamin has been holding the returned $US2m in a US dollar bank account pending receipt of legal advice on its use. Legal advice has now been received confirming that the use of these funds will not prejudice the legal actions underway and planned. As a result, Celamin has repaid the short-term funding facilities secured from its two major shareholders, African Lion 3 Ltd (“African Lion”) and Polo Resources Limited (“Polo Resources”), which were announced on 24 April 2015. The repayment of these facilities in advance of their maturity date is at the discretion of the Celamin board. Celamin Holdings NL Celamin is pleased to note that both African Lion and Polo Resources remain fully committed to the Company and the Chaketma Project and the legal actions required for Celamin to recover control of CPSA. ENDS For further information or enquiries, please contact: Nic Clift Managing Director Celamin Holdings NL. T: +61 (0)3 9692 7222 E: [email protected] Stephen Nossal Corporate Relations Celamin Holdings NL T: +61 (0)3 9692 7222 E: [email protected] 2