Jervois Global Limited (In Liquidation)

(TheNewswire)

12 May 2025 – TheNewswire –Jervois Global Limited (TSX-V: JRV) (ASX: JRV) (OTC: JRVMF) (“Jervois”) As announced on 22 April 2025, t heSecond Meeting of Creditors of the Companies (as defined in theSchedule) ( SecondMeeting ) was convened and held concurrently on30 April 2025.

At the Second Meeting, creditors passed resolutionsrequiring the Companies to execute a Deed of Company Arrangement( DOCA )pursuant to Part 5.3A of the Corporations Act 2001 (Cth) ( the Act ).

Deed of Company Arrangement

On 9 May 2025, the DOCA was executed, whollyeffectuated and terminated in accordance with its terms. The DOCA hasbeen lodged with the Australian Securities and Investments Commission( ASIC )in accordance with Section 450B of the Act. Notice of the effectuationof the deed, in accordance with Section 445FA of the Act, has beenlodged with ASIC.

Pursuant to the DOCA, and related transactiondocuments, Jervois’ principal assets and businesses have beentransferred to New JRV Topco Holdings LLC ( NewCo ) and itsrelevant subsidiaries, including:

• its shares in the entities that hold the ICO, SMPRefinery and JFO; and

• certain other Jervois assets, including certainreceivables, contracts, books and records, intellectual property andcauses of action.

NewCo and its relevant subsidiaries have assumed theoperations of Jervois, along with the majority of its contracts( TransferredContracts ). All claims under the TransferredContracts will be paid by NewCo or the relevant subsidiary of NewCo inthe normal course of business. Creditors with queries regardingongoing trading matters or claims relating to Transferred Contractsshould contact NewCo at contact@jervoisglobal.com .

Creditors’ Trust

The Jervois Creditors' Trust has been created for thebenefit of creditors of the Companies whose claims have not beentransferred to NewCo and/or its relevant subsidiaries.

We expect to soon formally request proofs of debt toinitiate the process for paying dividends under the Jervois Creditors'Trust Deed.

Liquidation

In accordance with section 446AA of the Act, uponcompletion of the DOCA, the Companies were placed into liquidationwith Gayle Dickerson, David Hardy and Ian Sutherland appointed asliquidators ( Liquidators ). The control of the Companieswill remain with the Liquidators until finalisation of theliquidations.

The remaining assets of the Companies, along with theremaining foreign underlying subsidiaries, will be liquidated in duecourse. The Liquidators intend to apply for Jervois to be delistedfrom the ASX and any other stock exchanges.

Further information

As previously advised, during this process, Jervoisshares are suspended from trading on the TSX-V, ASX and the US OTCmarket.

Further information can be found at https://kpmg.com/au/en/home/creditors/jervois-group.html .

For all further enquiries regarding the Liquidations orCreditors’ Trust, please contact at jervoisgroup@kpmg.com.au .

Schedule of companies in Liquidation(collectively the Companies)

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