Section 708A(5)(e) Notice – Allotment of 16,000,000 Shares

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")


Section 708A(5)(e) Notice – Allotment of 16,000,000 Shares


Southern Palladium (ASX:SPD and JSE:SDL), 'Southern Palladium' or 'the Company') has today
completed an allotment of 16,000,000 ordinary fully paid shares at A$0.50 per share in completion of
a placement (Placement) to raise A$8 million to accelerate the DFS and near-term mine development
activities at the Bengwenyama PGM project announced 12 June 2025.

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

In accordance with Section 708A (5)(e) of the Corporations Act 2001 (Act), the Company gives notice
that:

•     The Company has issued these 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 (as defined in Sections 708A (7)
      and 708A(8) of the Act) which is required to be disclosed by the Company.

                                                 - End -

This announcement was approved and authorised for release by the Board.


For further information, please contact:

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

19 June 2025

JSE Sponsor
Merchantec Capital


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

Follow @SouthernPalladium on Twitter

Follow Southern Palladium on LinkedIn




                                                                                                    2

Date: 19-06-2025 08:54:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.