Form 603 Corporations Act 2001 Section 671B Notice of initial substantial holder To Company Name/Scheme Orocobre Limited (ORE) ACN/ARSN 112 589 910 1. Details of substantial holder (1) Toyota Tsusho Corporation and each of its subsidiaries (together, the TTC Entities - see Annexure A, Part A for further Name information), and Toyota Motor Corporation and each of its subsidiaries (together, the TMC Entities - see Annexure A, Part B for further information). ACN/ARSN (if applicable) N/A The holder became a substantial holder on 18/01/2018 2. Details of voting power The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows: Class of securities (4) Number of securities Person’s votes (5) Voting power (6) 12.89% based on 242,277,998 Fully paid ordinary shares 31,228,010 31,228,010 ordinary shares on issue in ORE 3. Details of relevant interests The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows: Holder of relevant interest Nature of relevant interest (7) Class and number of securities Relevant interest under section 608(1)(a) of the Corporations Act 2001 (Cth), resulting from the acquisition of fully paid ordinary shares pursuant to a share Toyota Tsusho Corporation 31,228,010 fully paid ordinary shares subscription agreement between Toyota Tsusho Corporation and ORE dated 15 January 2018, a copy of which is annexed as Annexure B. Relevant interest in the shares referred to above arising under section 608(3)(a) of the Corporations Act 2001 (Cth), as Toyota Motor Corporation’s voting power in Toyota Tsusho Corporation is greater than 20%. Toyota Motor Corporation 31,228,010 fully paid ordinary shares As Toyota Motor Corporation does not control Toyota Tsusho Corporation and is also not entitled to be registered as the holder of the shares, its ability to vote and dispose of these shares is qualified accordingly. 4. Details of present registered holders The persons registered as holders of the securities referred to in paragraph 3 above are as follows: Holder of relevant Registered holder of Person entitled to be Class and number For personal use only interest securities registered as holder (8) of securities Toyota Tsusho Corporation and 31,228,010 fully paid Toyota Tsusho Corporation Toyota Tsusho Corporation Toyota Motor Corporation ordinary shares 69382400 For personal use only (4) The voting shares of a company constitute one class unless divided into separate classes. (5) The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in. (6) The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100. (7) Include details of: (a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies). See the definition of "relevant agreement" in section 9 of the Corporations Act 2001. (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write “unknown.’” (9) Details of the consideration must include any and all benefits, moneys and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired. For personal use only 69382400 For personal use only ELEMATEC CORPORATION SAKAIYA-THAI TECHNO PLATE CO.,LTD ELEMATEC LOGI SERVE CORPORATION ELEMATEC MEXICO S.A DE C.V ELEMATEC SINGAPORE（PTE.）LTD. ELEMATEC ANGELES INC. ELEMATEC HONG KONG LIMITED EURUS ENERGY HOLDINGS CORPORATION ELEMATEC TAIWAN CORPORATION EURUS TECHNICAL SERVICE CORPORATION CORPORATION (THE FORMER EURUS ENERGY JAPAN CORPORATION) ELEMATEC (THAILAND) CO.,LTD. EURUS ENERGY KAMAISHI CORPORATION ELEMATEC PHILIPPINES,INC. PARQUE EOLICO DE CURRAS S.L. ELEMATEC KOREA CO.,LTD. PARQUE EOLICO DE DEVA S.L ELEMATEC USA CORPORATION PARQUE EÓLICO DE ABARA, S.L. ELEMATEC TRADING INDIA PRIVATE LIMITED PARQUES EOLICOS DE BUIO S.L. PT.ELEMATEC INDONESIA OASIS POWER PARTNERS LLC ELEMATEC MALAYSIA SDN. BHD. EURUS COMBINE HILLS Ｉ LLC ELEMATEC (SHANGHAI) TRADING CO.,LTD. EURUS ENERGY SOYA CORPORATOIN ELEMATEC TRADING (DALIAN) CO.,LTD. AVENAL SOLAR HOLDINGS LLC ELEMATEC INTERNATIONAL TRADING (SHENZHEN) CO.,LTD. EE WAIANAE SOLAR LLC ELEMATEC ELECTRONICS (DALIAN) CO.,LTD. EURUS ESASHI WIND FARM CORPORATION ELEMATEC (TIANJIN) INTERNATIONAL TRADING CO.,LTD. EURUS ENERGY AWAJI CORPORATION ELEMATEC WUXI TECHNOLOGY CO., LTD. (THE FORMER WUXI TAKACHIHO-SUN INDUSTRY CO.,LTD.) EURUS ENERGY MISAKI CORPORATION For personal use only ELEMATEC CZECH S.R.O. EURUS ENERGY KAWAZU CORPORATION ELEMATEC VIETNAM CO.,LTD. EURUS ENERGY KITANOSAWA CLIFF CORPORATION ELEMATEC (QINGDAO) TRADING CO.,LTD. TEMPOKU ENERGY CORPORATION 69382400 EURUS TENMYOU SOLAR PARK CORPORATION SOUTH-WEST SOLAR POWER CORPORATION EURUS TOYOKORO SOLAR PARK CORPORATION JINDOSUN PARK INC. EURUS YURIKOGEN WIND FARM CORPORATION EURUS ENERGY EUROPE B.V. EURUS ROKKASHO SOLAR PARK CORPORATION EURUS ENERGY UK LIMITED EURUS YABUKI NAKAJIMA SOLAR PARK CORPORATION EURUS ENERGIAS RENOVABLES S.A. EE KANSAS WIND HOLDINGS LLC EURUS ENERGY IWAYA CORPORATION EE SPEARVILLE 3 LLC JÆREN ENERGI AS SPEARVILＬE 3 LLC EURUS ENERGY NORWAY AS NORTH HOKKAIDO WIND ENERGY TRANSMISSION CORP. EURUS ENERGY AMERICA CORPORATION EURUS ENERGY NOHEJI CORPORATION EURUS ENERGY AMERICA LLC GOWON WIND POWER CORPORATION EURUS TOYOWEST MANAGEMENT LLC. EURUS ENERGY SETO CORPORATION EURUS TOYO WEST II LLC EURUS ENERGY ARIDAGAWA CORPORATION EURUS TW II PARTNER LLC. SHIN IZUMO WINDFARM CORPORATION TOYOWEST II, G.P OKAWARA WINDFARM CORPORATION ALPHA WILLOW LLC. EURUS ENERGY TAKINE OJIROI CORPORATION EURUS MOJAVE 89 LLC EURUS ENERGY TOMAMAE CORPORATION EURUS ENERGY ENBETSU CORPORATION EURUS ENERGY KIMOTSUKI CORPORATION EURUS WINDFARMS PARENT LLC EURUS ENERGY SATOMI CORPORATION EURUS WIND POWER DEVELOPMENT LLC For personal use only EURUS ENERGY DATE CORPORATION EURUS OREGON WIND POWER DEVELOPMENT LLC EURUS ENERGY KOREA CORPORATION EURUS WIND PARTNER 2003 LLC 69382400 EURUS SAGEBRUSH I LLC EE TEHACHAPI PROJECT LLC EURUS MOJAVE MANAGEMENT LLC EURUS CAPROCK WIND LLC EURUS BUTLER RIDGE LLC EURUS COMBINE HILLS Ⅱ INC EURUS COMBINE HILLS II LLC EURUS COMBINE HILLS Ⅱ INVESTOR LLC EURUSHOMESTEADTURBINERANCH I LLC EURUS SOLAR HOLDINGS LLC EURUS WIND 2003 LP EURUS WYOMING HOLDINGS LLC EURUS ENERGY HAMATONBETSU CORPORATION EURUS DRY CREEK WIND LLC EURUS WIND SELLER 2003 INC EURUS ENERGY KIHOKU CORPORATION EURUS WIND MEMBER 2003 INC EURUS EAST SIMPSON WIND LLC EURUS LAND HOLDINGS LLC EURUS HAYSTACK WIND LLC EURUS ILLINOIS LAND HOLDINGS I LLC EURUS MIDDLEWOOD WIND LLC EURUS BULL CREEK LLC EE STRATFORD LAND LLC BULL CREEK WIND LLC EE YUMA LAND LLC EURUS TEXAS WINDS LLC EURUS AVENAL AFFILIATES LLC EURUS TEXAS HOLDINGS LLC EE SOLCEN LAND LLC EURUS GRANADA LLC EE ROSAMOND LAND LLC EURUS IOWA LAND HOLDINGS LLC EE TEHAMA SOLAR LLC EURUS ENERGY SHITSUKARI HILLTOP CORPORATION EURUS ENERGY NISHIME CORPORATION EURUS PANHANDLE WEST LLC EE BORREGO II LLC For personal use only EURUS NEBRASKA LAND HOLDINGS LLC EURUS ENERGY AUSTRALIA PTY LTD EURUS HAWKEYE POINT LLC HALLETT5 HOLDINGS PTY LTD 69382400 HALLETT5 PTY LTD MICEZINA S.A. EURUS ENERGY PORT OF AKITA CORPORATION DOHOKU ENERGY CORPORATION EURUS ENERGY SHIRANUKA CORPORATION CHEONGNA SOLAR PARK CORPORATION TAEGISAN WIND POWER CORPORATION EE WAIANAE SOLAR PROJECT LLC PARQUE EOLICO DE VICEDO S.L. EURUS DATE KOGANE WIND POWER CORPORATION PARQUE EOLICO DE VIRXE DO MONTE S.L. IVPC POWER 4 S.R.L. EURUS ENERGY ODANOSAWA WINDPARK CORPOTAION IVPC POWER 9 S.R.L. PARQUE EOLICO DE A RUNA S.L. CBWF HOLDINGS PTY LTD PARQUE EOLICO DE AMEIXENDA Y FILGUEIRA S.L. COONOOER BRIDGE WIND FARM PTY LTD PARQUE EOLICO DE LA BOBIA Y SAN ISIDRO S.L EURUS FLORIDA 2 LLC PARQUE EOLICO DE TEA S.L. EURUS NORTH AWAJI SOLAR PARK CORPORATION ITALIAN VENTO POWER CORPORATION S.R.L EURUS HIGASHI YURIHARA WIND POWER CORPORATION CELTPOWER LIMITED GLYMONT S.A. TPG WIND LIMITED EURUS ENERGY AUSTRALIA DEVELOPMENT PTY LTD TRIPOWER WIND B.V. KENNEDY ENERGY PARK PTY LTD EOS PAX IIA S.L EURUS ENERGY URUGUAY S. R. L.. PARQUE EOLICO DE ADRANO S.L EURUS OTOYO WIND FARM CORPORATION EURUS DESARROLLOS RENOVABLES, S.L. EURUS SHIN-ODANOSAWA WIND FARM CORPORATION EURUS ENERGY FINLAND OY For personal use only EE MEXICO LLC EURUS MINAS LLC EE BAJA LLC EURUS SOUTH AMERICA LLC EE WAIANAE SOLAR HOLDINGS LLC 69382400 EURUS ENERGY FINLAND INVESTMENTS B.V. TOYOTSU EURUS EGYPT WIND B.V. EURUS ENERGY NETHERLANDS INVESTMENTS B.V. SPC-1 KANKAANPAANMAKI OY EURUS WINDPARK ZOETERMEER B.V. SPC-2 MUSTAISVENVA OY EURUS WINDPARK LELY B.V. EURUS KAMIKATSU-KAMIYAMA WIND FARM CORPORATION EURUS WINDPARK BOERDERIJWEG B.V.