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19 12 2018 02

Orocobre Limited has signed three agreements with joint venture partner Toyota Tsusho Corporation (TTC). Members of the Orocobre Executive Management team have this week visited TTC’s office in Tokyo to finalize and to sign a new Olaroz Shareholders Agreement; Sales and Marketing Agreement; and Orocobre Management Agreement (for management of the Olaroz Joint Venture).

The new Olaroz Shareholders Agreement formalizes changes to the joint venture that will allow Orocobre to consolidate earnings from Olaroz in reported statutory accounts. Orocobre accounts will be consolidated from 1 January 2019.

Orocobre and TTC agreed on a new joint marketing arrangement for production from both Stage 1 and 2 where the joint partners will work together to set the strategic direction of customer arrangements and commercial terms. As exclusive sales agent, TTC remains responsible for logistical and contractual arrangements with customers and execution of the agreed sales strategy.

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