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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 5

in proportion to the amount for the time being paid on a share bears to the
total issue price of the share. All Shares currently on issue and the shares to
be issued under this Prospectus are fully paid Shares.
Future issues of securities
Subject to the Corporations Act and the Listing Rules, the Directors may issue,
grant options over, or otherwise dispose of unissued shares in the Company at
the times and on the terms that the Directors think proper and a share may be
issued with preferential or special rights.
Transfer of Shares
A shareholder may transfer Shares by a market transfer in accordance with any
computerised or electronic system established or recognised by ASX for the
purpose of facilitating transfers in Shares or by an instrument in writing in a
form approved by ASX or the Company's board.
Meetings and notices
Each shareholder is entitled to receive notice of, and to attend, general
meetings for the Company and to receive all notices, accounts and other
documents required to be sent to shareholders under the Constitution, the
Corporations Act or the Listing Rules.
Shareholders may requisition meetings in accordance with the Corporations Act.
Liquidation rights
The Company has one class of shares on issue, ordinary shares. Each ordinary
Share ranks equally in the event of liquidation.
Variation of rights
Subject to the Listing Rules, the rights attached to the Shares may be varied
with the consent in writing of shareholders holding three-quarters of the Shares
or by a special resolution passed at a separate meeting of the holders of the
Shares in accordance with the Corporations Act
Election of directors
There must be a minimum of 3 Directors. At every annual general meeting one
third of the Directors (rounded to the nearest whole number) must retire from
office. Any Director who would have held office for more than 3 years if that
Director remains in office until the next general meeting must retire. These
retirement rules do not apply to certain appointments including the managing
director.
Indemnities
To the extent permitted by law the Company must indemnify each past and present
Director and secretary against any liability incurred by that person as an
officer of the Company and any legal costs incurred in defending an action in
respect of such liability.
Winding up
Subject to the Corporations Act, the ASX Listing Rules and any rights or
restrictions attached to a class of shares, on a winding up of the Company any
surplus must be divided among the shareholders of the Company.