Results of Scheme Meeting and notice of Second Court Hearing

Highlights:

• The proposed scheme of arrangement, where Salar de Maricunga SpA, a wholly-owned subsidiary of Corporación Nacional del Cobre de Chile (“Codelco”), will acquire all shares in Lithium Power International Limited (ASX: LPI), received approval from the requisite majorities of LPI Shareholders.
• Results of the Scheme Meeting indicate strong support, with 94.51% of LPI Shareholders present and voting in favor of the Scheme, and 99.54% of the votes cast by LPI Shareholders supporting the Scheme.
• The next steps involve the Scheme’s approval by the Federal Court of Australia at the Second Court Hearing scheduled for Tuesday, 13 February 2024. If approved, LPI intends to lodge the Court’s orders with the Australian Securities and Investments Commission on Wednesday, 14 February 2024, with the expectation that the Scheme will become effective on that date. The potential suspension of LPI shares from trading on the ASX is anticipated from the close of trading on Wednesday, 14 February.