December 2022 Quarterly Activities Report

Figure 1 Olaroz site layout with expansion works highlighted Figure 2 Olaroz pond system (31 ponds) Figure 3 Sal de Vida Stage 1: Camp expansion (forefront), earthworks (centre), first 2 strings (background) Figure 4 Sal de Vida: Earthworks platform for process plant BRISBANE, Australia, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Allkem Limited (ASX|TSX: “AKE”, the “Company”) provides an update on its global lithium portfolio, business activities and financial position1 as at 31 December 2022. HIGHLIGHTS