Despatch Notice

23 December 2016 Chatham Rock Phosphate Limited Level 1, 93 Terrace Wellington, 6011 New Zealand By email: chris@widespread.co.nz RULE 45 NOTICE OF DESPATCH We refer to the takeover notice given by Antipodes Gold Limited (AXG) to Chatham Rock Phosphate Limited (CRP) dated 8 December 2016 in relation to AXG's intention to make a full takeover for all of the equity securities in CRP (the Offer). AXG hereby gives notice pursuant to Rule 45 of the Takeovers Code that it has today despatched the Offer Document in respect of the Offer to holders of CRP's equity securities in accordance with Rule 43(1) of the Takeovers Code. Pursuant to Rule 45(1)(a)(ii) of the Takeovers Code, a copy of the Offer Document is enclosed with this notice. For and on behalf of Antipodes Gold Limited Peter Liddle Chief Financial Officer cc: The Takeovers Panel Level 3, Solnet House 70 The Terrace Wellington 6011 By email: takeovers.panel@takeover.govt.nz cc: NZX Limited Level 2, NZX Centre 11 Cable Street PO Box 2959 Wellington By email: announce@nzx.com cc: Registrar of Companies Level 18, ASB Centre 135 Albert Street Auckland By delivery End CA:00294892 For:CRP Type:TAKEOVER Time:2016-12-23 10:21:36