EANS-News

European Lithium Limited / NOTICE UNDER SECTION 708A(12C)(E)(AS NOTIONALLY INSERTED BY ASIC CORPORATIONS (SALE OFFERS: SECURITIES ISSUED ON CONVERSION OF CONVERTIBLE NOTES) - ATTACHMENT - Seite 4

| |prior to giving a conversion notice, subject to a |
| |floor price of $0.055 per share (subject to |
| |adjustment in the event of a capital restructure) |
| |(Floor Price). |
|Conversion price |In the event the conversion price is less than the |
| |Floor Price the Company will issue that number of |
| |shares equal to the conversion amount divided by |
| |the Floor Price, with the balance (equal to the |
| |difference between the conversion amount and 92% of|
|__________________________|value_of_shares_issued)_payable_in_cash.___________|
| |On at the holder's election in the event of a |
|Redemption |material adverse change or event of default, or if |
|__________________________|shares_are_not_issued_upon_conversion._____________|
| |Events typical for convertible notes, including the|
|Events of Default |Company's shares being suspended from trading for |
| |more than 5 days during any 12 month period and a |
|__________________________|material_adverse_change_or_change_of_control.______|

4 Rights and liabilities attaching to new Shares
Shares issued on conversion of Convertible Notes will be fully paid ordinary
shares (Shares) and will rank equally in all respects with all of the Company's
then existing ordinary shares on issue.
Full details of the rights and liabilities attaching to the Shares are:
* detailed in the Company's constitution (Constitution), a copy of which can be
inspected, free of charge, at the registered office of the Company during normal
business hours; and
* in certain circumstances, regulated by the Act, the ASX Listing Rules and the
general law.
The following is a summary of the more significant rights and liabilities
attaching to the Shares. This summary is not exhaustive and does not constitute
a definitive statement of the rights and liabilities of holders of Shares. To
obtain such a statement, persons should seek independent legal advice.
Voting rights
Subject to any rights or restrictions for the time being attached to any class
or classes of shares, at a general meeting of members every member has one vote
on a show of hands and one vote per Share on a poll. Voting may be in person or
by proxy, attorney or representative.
Dividends
Subject to the rights of holders of shares issued with any special rights (at
present there are none), the profits of the Company which the Company's board
may from time to time determine to distribute by way of dividend are divisible
to each share of a class on which the Company's board resolves to pay a dividend