Extraordinary/ Special General Meeting::Voluntary

NOTICE OF EXTRAORDINARY GENERAL MEETING

SILKROAD NICKEL LTD.

(Incorporated in the Republic of Singapore)

(Company Registration No. 200512048E)

NOTICE OF EXTRAORDINARY GENERAL MEETING

All capitalised terms used in this Notice which are not defined herein shall, unless the context otherwise requires, have the same meaning ascribed to them in the circular to shareholders of the Company dated 15 September 2021.

NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the "EGM") of SILKROAD NICKEL LTD. (the "Company") will be held by way of electronic means on 30 September 2021 at 2.00 p.m. for the purpose of considering and, if thought fit, passing, with or without amendments, the resolutions set out below.

This Notice has been made available on SGXNET and the Company's website and may be accessed at the URL https://silkroadnickel.com/sgx-announcements/. A printed copy of this Notice will NOT be despatched to members.

Shareholders should note that Ordinary Resolution 1 and Ordinary Resolution 2 are inter- conditional upon each other. Accordingly, in the event that any of these resolutions is not approved, the other resolution will not be duly passed.

ORDINARY RESOLUTION 1 - THE POTENTIAL DILUTION OF THE COMPANY'S SHAREHOLDING INTEREST IN FE RESOURCES PTE. LTD. PURSUANT TO THE ISSUANCE OF AN OPTION BY FE RESOURCE PTE. LTD. TO GFL INTERNATIONAL CO., LIMITED (AND EXERCISE THEREOF BY (AND AT THE SOLE DISCRETION OF) GFL INTERNATIONAL CO., LIMITED) ("POTENTIAL DILUTION")

THAT, subject to and contingent upon the passing of Ordinary Resolution 2 for the purposes of Rule 805(2) of the Catalist Rules:-

1. in connection with the Proposed Subscription and for the purposes of Rule 805(2) of the Catalist Rules, approval be and is hereby given to the Company for the potential dilution of the Company's shareholding interests in FE Resources Pte. Ltd ("FER") by a percentage reduction of more than 20% resulting from the issuance of an option ("Option") by FER to GFL International Co., Limited ("Subscriber") (and exercise thereof by (and at the sole discretion of) the Subscriber, pursuant to the subscription agreement entered between the Company, FER and the Subscriber dated 28 May 2021 ("Subscription Agreement") (as amended and supplemented pursuant to a supplemental agreement dated 22 June 2021); and
2. the Directors of the Company and each of them be and are hereby authorised to take such steps, enter into all such transactions, arrangements and agreements and execute all such documents as may be advisable, necessary or expedient for the purposes of giving effect to the Potential Dilution, with full power to assent to any condition, amendment, alteration, modification or variation as may be required by the relevant authorities or as such Directors or any of them may deem fit or expedient or to give effect to this resolution or the transactions contemplated pursuant to or in connection with the Potential Dilution.

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NOTICE OF EXTRAORDINARY GENERAL MEETING

ORDINARY RESOLUTION 2 - THE PROPOSED TRANSFER OF SHARES AMOUNTING TO 25% OF THE ISSUED SHARE CAPITAL IN FE RESOURCES PTE. LTD. HELD BY THE COMPANY TO GFL INTERNATIONAL CO., LIMITED PURSUANT TO THE GRANT OF AN EXCHANGE RIGHT TO GFL INTERNATIONAL CO., LIMITED ("PROPOSED TRANSFER" AND TOGETHER WITH THE POTENTIAL DILUTION, "PROPOSED CORPORATE TRANSACTIONS") AND THE POTENTIAL DILUTION AS A MAJOR TRANSACTION UNDER CHAPTER 10 OF THE CATALIST RULES

THAT, subject to and contingent upon the passing of Ordinary Resolution 1, for the purposes of Chapter 10 of the Catalist Rules:-

1. approval be and is hereby given, for the purposes of Rule 1014(2) of the Catalist Rules, for the Proposed Corporate Transactions and the implementation of the Proposed Corporate Transactions resulting from the grant and exercise of the Exchange Right and Option by the Subscriber, in accordance with the terms and conditions of the Subscription Agreement; and
2. the Directors of the Company and each of them be and are hereby authorised to take such steps, enter into all such transactions, arrangements and agreements and execute all such documents as may be advisable, necessary or expedient for the purposes of giving effect to this resolution, with full power to assent to any condition, amendment, alteration, modification or variation as may be required by the relevant authorities or as such Directors or any of them may deem fit or expedient or to give effect to this resolution.

By Order of the Board of Directors

Mr. Eddy Pratomo

Independent Chairman

15 September 2021

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NOTICE OF EXTRAORDINARY GENERAL MEETING

1. in hard copy by sending personally or by post and lodging the same at the Company's Share Registrar, Tricor Barbinder Share Registration Services (a division of Tricor Singapore Pte Ltd), 80 Robinson Road, #11-02, Singapore 068898; or
2. by email to the Company atenquiries@silkroadnickel.com.

The Company will address substantial and relevant questions relating to the resolutions to be tabled for approval for the EGM either before the EGM on SGXNET and the Company's website at the URL https://silkroadnickel.com/sgx-announcements/or during the EGM, in accordance with COVID-19 Order Guidance.

4. Voting by proxy only

A member will not be able to vote online on the resolutions to be tabled for approval at the EGM. If a member (whether individual or corporate) wishes to exercise his/her/its voting rights at the EGM, he/she/it must submit an instrument of proxy to appoint the Chairman of the EGM as his/her/its proxy to attend, speak and vote on his/her/its behalf at the EGM. A member (whether individual or corporate) appointing the Chairman of the EGM as proxy must give specific instructions as to his/her/its manner of voting, or abstentions from voting, in the instrument of proxy, failing which the appointment will be treated as invalid.

The instrument of proxy, together with the letter or power of attorney or other authority under which it is signed (if applicable) or a duly certified copy thereof, must:

1. if sent personally or by post, be lodged at the Company's Share Registrar, Tricor Barbinder Share Registration Services (a division of Tricor Singapore Pte Ltd), 80 Robinson Road, #11-02, Singapore 068898; or
2. if by email, be received by the Company's Share Registrar atsg.is.proxy@sg.tricorglobal.com,

in either case, by 2.00 p.m. on 27 September 2021 (being 72 hours before the time fixed for the EGM), and in default the instrument of proxy shall not be treated as valid.

SRS investors who wish to appoint the Chairman of the EGM as proxy should approach their respective SRS Operators to submit their votes by 2.00 p.m. on 21 September 2021, being 7 working days before the date of the EGM.

The Chairman of the EGM, as proxy, need not be a member of the Company.

The instrument appointing the Chairman of the EGM as proxy must be under the hand of the appointor or of his attorney duly authorised in writing. Where the instrument appointing the Chairman of the EGM as proxy is executed by a corporation, it must be executed either under its seal, executed as a deed in accordance with the Companies Act (Chapter 50) of Singapore or under the hand of an attorney or an officer duly authorised, or in some other manner approved by the Directors. Where the instrument appointing the Chairman of the EGM as proxy is executed by an attorney on behalf of the appointor, the letter or power of attorney or a duly certified copy thereof must be lodged with the instrument of proxy.

The Company shall be entitled to reject the instrument appointing the Chairman of the EGM as proxy if it is incomplete, improperly completed or illegible, or where the true intentions of the appointor are not ascertainable from the instructions of the appointor specified in the instrument appointing the Chairman of the EGM as proxy. In addition, in the case of Shares entered in the Depository Register, the Company may reject any instrument appointing the Chairman of the

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NOTICE OF EXTRAORDINARY GENERAL MEETING

EGM as proxy lodged if the member, being the appointor, is not shown to have Shares entered against his name in the Depository Register as at seventy-two (72) hours before the time appointed for holding the EGM, as certified by The Central Depository (Pte) Limited to the Company.

Please refer to Section 7 of the Circular for more details on how members may attend and participate in the EGM.

The Company apologises for any inconvenience caused and seeks the understanding and cooperation of all members to minimise the risk of community spread of the COVID-19. The Company, Group, officers and employees shall have no liability whatsoever to members, their proxies, corporate representatives or any other attendees arising out of or in connection with any of them being infected or suspected of being infected with COVID-19 or suffering any losses arising out of or in connection with attendance at the EGM of the Company and/or the Company taking precautionary measures at the Company's discretion in response to the COVID-19 situation.

PERSONAL DATA PRIVACY

By submitting a proxy form appointing the Chairman of the EGM as proxy to attend and vote at the EGM and/or any adjournment thereof, and/or by registering to attend the EGM as detailed in Section 7 of the Circular, a member of the Company (i) consents to the collection, use and disclosure of the member's personal data by the Company (or its agents) for the purpose of the processing and administration by the Company (or its agents) of proxies and representatives appointed for the EGM (including any adjournment thereof) and the preparation and compilation of the attendance lists, proxy lists, minutes and other documents relating to the EGM (including any adjournment thereof), and in order for the Company (or its agents) to comply with any applicable laws, listing rules, regulations and/or guidelines (collectively, the "Purposes"), (ii) warrants that where the member discloses the personal data of the member's proxy(ies) and/or representative(s) to the Company (or its agents), the member has obtained the prior consent of such proxy(ies) and/or representative(s) for the collection, use and disclosure by the Company (or its agents) of the personal data of such proxy(ies) and/or representative(s) for the Purposes, and (iii) agrees that the member will indemnify the Company in respect of any penalties, liabilities, claims, demands, losses and damages as a result of the member's breach of warranty.

This notice has been prepared by the Company and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.

This notice has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this notice, including the correctness of any of the statements or opinions made or reports contained in this notice.

The contact person for the Sponsor is Ms Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road, #09-00 ASO Building, Singapore 048544, telephone (65) 6636 4201.

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