Appendix 3B

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13

Name of entity

Atlas Iron Limited (Atlas)

ABN

63 110 396 168

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

Fully paid ordinary shares

1 +Class of +securities issued or to be issued

1,719,255

  1. Number of +securities issued or to be issued (if known) or maximum number which may be issued

    Fully paid ordinary shares on the same terms as those already on issue

  2. Principal terms of the

    +securities (e.g. if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due

    dates for payment; if

    +convertible securities, the conversion price and dates for

    conversion)

    The fully paid ordinary shares rank equally with the existing fully paid ordinary shares currently on issue

  3. Do the +securities rank equally in all respects from the +issue date with an existing +class of quoted +securities?

    If the additional +securities do not rank equally, please state:

    • the date from which they do

    • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

    • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

      Zero issue price per terms of ESOP Options

  4. Issue price or consideration

    Exercise of Zero Priced ESOP Options that vested on 15 September 2017

  5. Purpose of the issue

(If issued as consideration for the acquisition of assets, clearly identify those assets)

Yes

6a Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A?

If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i

21 November 2016

6b The date the security holder resolution under rule 7.1A was passed

Nil

6c Number of +securities issued without security holder approval under rule 7.1

Nil

6d Number of +securities issued with security holder approval under rule 7.1A

Nil

6e Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)

1,719,255

The ESOP Plan was approved by shareholders on 28 October 2015.

6f Number of +securities issued under an exception in rule 7.2

Not applicable

6g If +securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the

+issue date and both values.

Include the source of the VWAP calculation.

Not applicable

6h If +securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements

Remaining capacity under 7.1:

1,266,520,278

Remaining capacity under 7.1A: 916,341,089

6i Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements

7 +Issue dates

Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A.

Cross reference: item 33 of Appendix 3B.

19 October 2017

Number +Class

  1. Number and +class of all

    +securities quoted on ASX (including the +securities in section 2 if applicable)

    9,271,402,243 Fully paid ordinary shares

    Number

    +Class

    See Annexure 1

  2. Number and +class of all

    +securities not quoted on ASX (including the +securities in section 2 if applicable)

    Not applicable

  3. Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

Atlas Iron Limited published this content on 20 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 October 2017 23:11:02 UTC.

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