UPDATE ON IGO OFFER, OPERATIONAL REVIEW AND FUNDING

Highlights •

• Panoramic Directors maintain their recommendation to TAKE NO ACTION in relation to IGO’s Offer
• IGO’s Offer remains highly conditional and must remain open to Panoramic shareholders for a minimum period of one month from today
• FY2020 production guidance updated as part of the ongoing Operational Review
• Panoramic executes an unsecured short-term loan agreement with Zeta as an interim short-term funding step