9 November 2018

Compulsory acquisition of remaining Atlas shares

Atlas Iron Limited (Atlas) refers to the off-market takeover bid for all the issued shares of Atlas by

Hancock Prospecting Pty Ltd ACN 008 676 417 through its wholly-owned subsidiary, Redstone Corporation Pty Ltd ACN 625 680 159 (Redstone) (Hancock Offer), which closed at 5.00pm (Perth time) on 12 October 2018.

Redstone advised on 9 October 2018 that its voting power in Atlas had passed 90% and that it intended to initiate compulsory acquisition following closure of the Hancock Offer.

Redstone advises today that it has lodged a notice of compulsory acquisition in accordance with section 661B(1) of the Corporations Act 2001 (Cth) to compulsorily acquire the remaining Atlas shares in which it does not have a relevant interest.

The compulsory acquisition will be on the same terms as the Hancock Offer, namely, 4.6 cents per Atlas share. Please refer to Redstone's ASX release dated 9 November 2018 for further details.

Shareholders will receive further information as to how they may claim the consideration payable to them in due course.

Investor Enquiries:

Atlas Iron Limited

Company Secretary

+61 8 6228 8000

Media Enquiries:

Read Corporate

+61 8 9388 1474

Paul Armstrong

+61 421 619 084

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Atlas Iron Limited published this content on 09 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 09 November 2018 06:38:10 UTC