Summary of the Offer

Amari Metals Australia Pty Limited (“Amari”, “we” or “us”) is offering to acquire all of the:

  • fully paid ordinary shares (“Shares”) in Metro Performance Glass Limited (“Metro Performance Glass”);

  • options to acquire Shares issued under Metro Performance Glass’ long term incentive plan (“Options”); and

  • performance rights, which provide an entitlement to acquire Shares, issued under Metro Performance Glass’ long term incentive plan (“Performance Rights”),]

(the “Offer”).

The key terms of the Offer are set out below.

Offer Price for Shares

$[1.65] per Share in cash.

Offer Price for Options

$[ ] per Option in cash.

Offer Price for Performance Rights

$[ ] per Performance Right in cash.

Payment Date

If you accept the Offer, we will pay you the Offer Price no later than five working days after the later of:

  • the date on which we receive your acceptance;

  • the date on which we receive your acceptance;

  • [insert the day that is the initial Closing Date].

Conditions

The Offer is conditional on us receiving acceptances to the Offer that will result in us holding or controlling more than 50% of the Shares.

MGI, which owns 51% of the Shares in Metro Performance Glass and is a related entity of Amari, has agreed to accept the Offer in respect of all of its Shares by no later than the working day after Amari makes the Offer. As a result, the minimum acceptance condition will be satisfied, and the Offer will be unconditional as to acceptances, shortly after we make the Offer.

The Offer is also conditional on the matters set out in paragraph 6.2 of the Offer Terms and Conditions.

THIS IS A SUMMARY OF THE OFFER ONLY. DETAILED TERMS AND CONDITIONS OF THE OFFER ARE SET OUT IN THE OFFER TERMS AND CONDITIONS. YOU SHOULD READ THEM CAREFULLY AND IN FULL.