ULTIMA UNITED LIMITED(UUL)

The liquidator reports on their activities during the court appointed winding-up of the company.

The person or personnel who were appointed Liquidator or Provisional Liquidator of the company's assets have resigned or been removed.

ASIC is advised that the receiver and manager have completed their duties in managing or selling the company's assets.

The person or personnel who were appointed Receiver or Receiver-Manager of the company's assets have ceased to act.

delisted for non-payment of annual listing fee under Listing Rule 17.15

we understand the entity failed to pay the annual listing fee

Under Listing Rule 17.6, an entity (if not already suspended) that had not paid its annual listing fees by close of business on Monday, 21 August 2023 would have its securities suspended from Official Quotation before the commencement of trading on Tuesday, 22 August 2023. The following entity has failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2024 and consequently will have its securities suspended from quotation immediately. The company has failed to pay to ASX the annual listing fees for the year ending 30 June 2024, and its securities are already suspended from quotation.

On 7 June 2023, Westpac Banking Corporation appointed Mr Richard Tucker and Mr John Bumbak of KordaMentha as Receivers and Managers to the Company's ten residential strata units at 3 Oak Street, Cannington WA 6107 pursuant to its first registered mortgage interests. The Receivers assumed control of the Cannington Properties shortly after their appointment and have since been engaged in a process to prepare the units for sale. It is understood that these preparations are now complete and they will be marketing some or all of the units for sale within the next month. The Liquidators estimate a significant surplus of funds will be generated from the realisation of the Cannington Properties, following retirement of Westpac's secured debt totalling approximately $1.6 million, before associated enforcement and realisation costs. The Liquidators have engaged Colliers International to undertake a marketing and sale campaign for the Company's other Australian real property located at 19-21 Tate Street, Bentley WA 6102 with the consent of the first registered mortgagee, National Australia Bank. The Liquidators anticipate the sale of the Bentley Properties will be completed by the end of October 2023 and there will be a significant surplus of funds following retirement of NAB's secured debt totalling approximately $750,000, before associated enforcement and realisation costs. The Liquidators have been unable to identify or confirm the Company's ownership of the Japanese Properties or verify whether any of the funds reportedly received from the capital raising announced in September 2021 were utilised for their purchase and/ or any construction activities. The Liquidators' investigations into the Japanese Properties are ongoing. The Liquidators investigations into the affairs of the Company identified a number of possible civil and criminal offences by the board of directors of the Company that was in place at the time of our appointment. The Liquidators have sought an explanation from the directors of the Company to explain the above and are currently in the process of reviewing the provided information. The Liquidators reported the offences identified under the Corporations Act to the Australian Securities and Investment Commission shortly following their appointment on 8 June 2023. The Liquidators have also reported the suspected criminal offences to the Australian Federal Police on 8 June 2023. The Liquidators consider a recapitalisation of the Comapny to be unlikely. The Company is anticipated to be removed from the ASX following its failure to meet its annual listing fee by the deadline of 28 August 2023.

On 13 April 2023, Christopher Pattinson and Daniel Bredenkamp of Pitcher Partners were appointed as Joint and Several Liquidators of the Company pursuant to an order of the Supreme Court of Western Australia. The Liquidators have assumed control of the Company's assets and will work with the Board during the liquidation period to maximise the outcome for all stakeholders of the Company.

Christopher Pattinson and Daniel Bredenkamp of Pitcher Partners were appointed as Joint and Several Liquidators of the Company pursuant to an order of the Supreme Court of Western Australia.

SmallCap Corporate has commenced Court proceedings seeking orders for UUL to be wound up, due to failure to comply with the Statutory Demand they issued for payment of their invoices amounting to $95,505.96 dated 11 November 2022. The Company responded to SmallCap's lawyers that the payment was overlooked due to key personnel resignations and UUL will make the payment of $101,505.96 including legal costs by 1 March 2023, which was accepted by SmallCap Corporate. UUL made the relevant payment by the deadline and also provided a remittance to SmallCap's representatives but they subsequently went ahead with lodging proceedings regardless. UUL has now established that the initial fund transfer was not received because of the error in payment currency of USD instead AUD. The sending bank has now rectified the error. UUL is sure that the payment will be received by SmallCap latest 3 April 2023 and will subsequently be seeking legal representation to put a stop to the liquidation proceedings.

ASX's enquires are ongoing. UUL's securities were suspended from quotation as it did not lodge its periodic report for the period ended 30 June 2022 by the relevant due date. UUL's securities will remain suspended from quotation until further notice.

The company has not been able to lodge its auditor reviewed Annual Financial Report for the 12 month period ended 30 June 2022 and is still working with its bookkeepers and auditors to complete the financial statements ending 30 June 2022. The company requires extra time due to a number of personnel leaving the company.

The securities of the company will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 3 October 2022, following their failure to lodge the relevant periodic report by the due date.

The suspension of trading in the securities of Ultima United Limited will be lifted from the commencement of trading on Thursday, 4 November 2021 following lodgement of its audited accounts for the financial year ended 30 June 2021.

The company lodges its Annual Report to shareholders.

The securities of Ultima United Limited will be suspended from quotation under Listing Rule 17.5 from the commencement of trading on Monday, 1 November 2021 for not lodging its relevant periodic report by the due date.

The suspension of trading in the securities of Ultima United Limited will be lifted immediately, following the receipt of UUL's response to ASX's queries.

The company releases its Response to ASX Query Letter.

The company lodges its Appendix 4C - quarterly.

The company lodges its Quarterly Activities Report.

The securities of Ultima United Limited will be suspended from quotation immediately under Listing Rule 17.3, pending queries from ASX. The securities will remain suspended until further notice.

Ultima United Limited (the "Company") will be reinstated to official quotation as from the commencement of trading on Tuesday, 18 November 2014, following the Company's compliance with listing rule 11.1.3 and chapters 1 and 2 of the ASX listing rules. 25,500,652 ordinary shares fully paid Security Code: UUL

name changed from United Uranium Limited