AERIS RESOURCES LIMITED — Major Shareholding Notification 2013

Dec 8, 2013

604 page 1/3

604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To: Company Name/Scheme Magontec Limited ACN/ARSN 010 441 666

1. Details of substantial holder (1)

Name Straits Mine Management Pty Ltd ACN\ARSN (if applicable) 083 686 033

There was a change in the interests of the substantial holder on 05 / 12 / 2013 The previous notice was given to the company on 04 / 07 / 2011 The previous notice was dated 06 / 07 / 2011

2. Previous and present 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 when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice	Previous notice	Present notice
	Person’s votes	Voting power (5)	Person’s votes	Voting power (5)
OrdinaryFullyPaid Shares	40,499,167	13.04%	152,536,385	19.84%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme, are as follows:

Date of change	Person whoserelevant interestchanged	Nature of change (6)	Consideration given inrelation to change (7)	Class and numberof securitiesaffected	Person’s votesaffected
05/12/2013	Straits MineMangement Pty Ltd	Conversion of Convertible LoanNote No.1	$3,368,047	Ordinary FullyPaid shares	61,237,218
05/12/2013	Straits MineMangement Pty Ltd	Conversion of Convertible LoanNote No.2	$2,498,474	Ordinary FullyPaid shares	50,800,000

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder ofrelevantinterest	Registered holder ofsecurities	Person entitled to beregistered as holder (8)	Nature of relevantinterest (6)	Class and numberof securities	Person’s votes
Straits MineMangementPty Ltd	Straits Mine MangementPty Ltd	Straits Mine MangementPty Ltd	Voting rights and right todispose	152,536,385Ordinary shares	152,536,385

604 page 2/3

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN(if applicable)	Nature of association
Refer Annexure A
ses of the persons named in this form are as follows:
Name	Address
Straits Mine Mangement PtyLtd	Suite 1,Level 2 HQSouth Tower,520 Wickham street,Fortitude Valley, QLD 4006
Straits Subsidiaries	Suite1,Level 2 HQ South Tower, 520Wickhamstreet,FortitudeValley, QLD 4006

6. Addresses

The addresses of the persons named in this form are as follows:

Signature

print name Danė van Heerden capacity Co - Company Secretary date 09/12/2013 sign here

DIRECTIONS

(1) If there are a number of substantial holders with similar or related relevant interests (eg, a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.

• (2) See the definition of “associate” in section 9 of the Corporations Act 2001.

• (3) See the definition of “relevant interest” in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (6) Include details of:

  • (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. 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.

• (7) Details of the consideration must include any and all benefits, money 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.

• (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) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

604 page 3/3

This is Annexure A of one page referred to in Form 604 - Notice of change of interest of substantial holder dated 9 December 13 and signed by me.

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Danė van Heerden Co-Company Secretary Straits Resources Limited

STRAITS SUBSIDIARIES

Registered Office for all listed below: Suite 1, Level 2 HQ South Tower, 520 Wickham street, Fortitude Valley, QLD 4006

STRAITS MINING LIMITED	055 202 614
TRITTON RESOURCES PTY LTD	100 095 494
GIRILAMBONE COPPER COMPANY PTY LTD	057 083 637
STRAITS GOLD PTY LTD	072 498 081
STRAITS INDO GOLD PTY LTD	104 934 321
INDO MURO PTY LTD	100 135 000
MURO OFFSHORE PTY LTD	050 028 389
STRAITS MINERAL INVESTMENTS PTY LTD	124 028 271
STRAITS EXPLORATION (AUSTRALIA) PTY LTD	061 614 695
STRAITS MINE MANAGEMENT PTY LTD	083 686 033

The above companies are all subsidiaries of Straits Resources Limited pursuant to section 9 of the Corporations Act.