6,406,544 Ordinary Shares of Altona Rare Earths Plc are subject to a Lock-Up Agreement Ending on 11-MAY-2024. These Ordinary Shares will be under lockup for 367 days starting from 10-MAY-2023 to 11-MAY-2024.

Details:
On Admission, the Directors and the Senior Manager will, in aggregate, hold 6,406,544 Ordinary Shares, representing 7.77 per cent. of the Enlarged Share Capital. The Directors and Senior Manager have agreed with the Company and Optiva, except for certain standard exceptions, not to dispose of any interest in the Ordinary Shares held by them for a period of 12 months following Admission (Lock-In Period) and then for the following 12 months not to dispose of their Ordinary Shares without first consulting the Company and Optiva in order to maintain an orderly market for the Shares. In aggregate, under the lock-in agreements referred to in this paragraph 21.12 of this Part VIII a total of 7,406,544 Shares representing approximately 8.99 per cent. of the Enlarged Issued Share Capital will be subject to a minimum of 12 months of restrictions on sales/disposals (including by way of orderly market obligations) following Admission.