SOUTHERN PALLADIUM LIMITED - Notice under Section 708A(5)(e) of the Corporations Act Placement - First Tranche

Southern Palladium Limited
Incorporated in the Commonwealth of Australia
Australian Company Number 646 391 899
ASX share code: SPD
JSE share code: SDL
ISIN AU0000220808
("Southern Palladium" or "the Company")



Notice under Section 708A(5)(e) of the Corporations Act Placement - First Tranche



Southern Palladium Limited (ASX Code: SPD and JSE Code: SDL) (the Company or Southern Palladium) has
today issued 6,600,004 fully paid ordinary shares (Shares) at an issue price of $1.10 per Share raising A$7.26
million on completion of the first tranche of the Placement announced to ASX on 20 October 2025.


All of the Shares issued will rank pari passu with existing SPD/SDL ordinary shares.


The Company gives notice under section 708A (5)(e) of the Corporations Act 2001 (Act) that:


'         the Company has issued 6,600,004 Shares without disclosure to investors under Part 6D.2 of the Act;


'         as at the date of this notice, the Company has complied with:


          -        the provisions of Chapter 2M of the Act as they apply to the Company; and
          -        sections 674 and 674A of the Act; and


'     as at the date of this notice there is no excluded information (within the meaning of sections 708A (7)
      and 708A(8) of the Act) which is required to be disclosed by the Company.

- End -


This ASX announcement was approved and authorised for release by the Company Secretary.

For further information, please contact:

Johan Odendaal
Managing Director
Southern Palladium
Phone: +27 82 557 6088
Email: johan.odendaal@southernpalladium.com


Media & investor relations inquiries: Sam Jacobs, Six Degrees Investor Relations: +61 423 755 909

27 October 2025

JSE Sponsor
Merchantec Capital

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Date: 27-10-2025 09:03:00

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