AERIS RESOURCES LIMITED — Major Shareholding Notification 2020

Sep 13, 2020

Form 605 Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To: Company Name/Scheme: Aeris Resources Limited ACN/ARSN: 147 131 977 1. Details of substantial holder Name: Mitsubishi UFJ Financial Group, Inc. The holder ceased to be a substantial holder on: 9 September 2020 The previous notice was given to the company on: 6 July 2020 The previous notice was dated: 6 July 2020 The holder became aware on: 11 September 2020

1. Details of substantial holder

2. 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 whose relevant interest changed	Nature of change	Consideration given in relation to change	Class and number of securities affected	Person's votes affected
See annexure A to this notice

3. Changes in association

The persons who have become associates of, ceased to be associates of, or have changed the nature of their association 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
Not applicable	Not applicable

4. Addresses

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

Name	Address
Mitsubishi UFJ Financial Group, Inc.	2-7-1, Marunouchi, Chiyoda-ku, Tokyo 100-8330, Japan

5. Signature

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Ryuichiro Sakuma Authorised signatory
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Dated 14 September 2020

Annexure A

This is annexure A of 1 page referred to in Form 605, Notice of ceasing to be a substantial holder dated 14 September 2020

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Ryuichiro Sakuma

Authorised signatory

Dated 14 September 2020

Date of change	Person whose relevant interest changed	Nature of change	Consideration given in relation to change	Class and number of securities affected	Person's votes affected
2 July2020	Mitsubishi UFJ Financial Group,Inc.	Sale of securities by an entity controlled byMorgan Stanley	5,625.48	170,469 OrdinaryShares	170,469
2 July2020	Mitsubishi UFJ Financial Group,Inc.	Borrowed by an entity controlled by Morgan Stanley- see annexure B	N/A	343,670 OrdinaryShares	343,670
3 July2020	Mitsubishi UFJ Financial Group,Inc.	Sale of securities by an entity controlled byMorgan Stanley	4,943.63	149,807 OrdinaryShares	149,807
3 July2020	Mitsubishi UFJ Financial Group,Inc.	Borrowed by an entity controlled by Morgan Stanley- see annexure B	N/A	149,807 OrdinaryShares	149,807
6 July2020	Mitsubishi UFJ Financial Group,Inc.	Sale of securities by an entity controlled byMorgan Stanley	5,312.77	156,258 OrdinaryShares	156,258
6 July2020	Mitsubishi UFJ Financial Group,Inc.	Sale of securities by an entity controlled byMorgan Stanley	84.67	2,419 OrdinaryShares	2,419
6 July2020	Mitsubishi UFJ Financial Group,Inc.	Borrow returned by an entity controlled byMorgan Stanley- see annexure B	N/A	1,030,477 OrdinaryShares	1,030,477
7 July2020	Mitsubishi UFJ Financial Group,Inc.	Sale of securities by an entity controlled byMorgan Stanley	5,784.49	165,271 OrdinaryShares	165,271
8 July2020	Mitsubishi UFJ Financial Group,Inc.	Sale of securities by an entity controlled byMorgan Stanley	7,115.36	182,445 OrdinaryShares	182,445
9 July2020	Mitsubishi UFJ Financial Group,Inc.	Sale of securities by an entity controlled byMorgan Stanley	6,172.61	143,549 OrdinaryShares	143,549
9 July2020	Mitsubishi UFJ Financial Group,Inc.	Sale of securities by an entity controlled byMorgan Stanley	5,686.08	142,152 OrdinaryShares	142,152
10 July2020	Mitsubishi UFJ Financial Group,Inc.	Sale of securities by an entity controlled byMorgan Stanley	3,145.96	71,499 OrdinaryShares	71,499
10 July2020	Mitsubishi UFJ Financial Group,Inc.	Sale of securities by an entity controlled byMorgan Stanley	2,863.21	65,073 OrdinaryShares	65,073
10 July2020	Mitsubishi UFJ Financial Group,Inc.	Sale of securities by an entity controlled byMorgan Stanley	6,136.14	142,701 OrdinaryShares	142,701
13 July2020	Mitsubishi UFJ Financial Group,Inc.	Sale of securities by an entity controlled byMorgan Stanley	13,108.16	304,841 OrdinaryShares	304,841
14 July2020	Mitsubishi UFJ Financial Group,Inc.	Sale of securities by an entity controlled byMorgan Stanley	11,095.30	252,166 OrdinaryShares	252,166
15 July2020	Mitsubishi UFJ Financial Group,Inc.	Sale of securities by an entity controlled byMorgan Stanley	11,568.29	269,030 OrdinaryShares	269,030
16 July2020	Mitsubishi UFJ Financial Group,Inc.	Sale of securities by an entity controlled byMorgan Stanley	5,189.96	133,076 OrdinaryShares	133,076
17 July2020	Mitsubishi UFJ Financial Group,Inc.	Sale of securities by an entity controlled byMorgan Stanley	6,216.79	151,629 OrdinaryShares	151,629
20 July2020	Mitsubishi UFJ Financial Group,Inc.	Sale of securities by an entity controlled byMorgan Stanley	4,723.88	118,097 OrdinaryShares	118,097
21 July2020	Mitsubishi UFJ Financial Group,Inc.	Sale of securities by an entity controlled byMorgan Stanley	4,610.74	112,457 OrdinaryShares	112,457
22 July2020	Mitsubishi UFJ Financial Group,Inc.	Sale of securities by an entity controlled byMorgan Stanley	2,879.65	68,563 OrdinaryShares	68,563
22 July2020	Mitsubishi UFJ Financial Group,Inc.	Sale of securities by an entity controlled byMorgan Stanley	976.29	23,812 OrdinaryShares	23,812
23 July2020	Mitsubishi UFJ Financial Group,Inc.	Sale of securities by an entity controlled byMorgan Stanley	2,968.90	70,688 OrdinaryShares	70,688
24 July2020	Mitsubishi UFJ Financial Group,Inc.	Sale of securities by an entity controlled byMorgan Stanley	2,480.60	59,062 OrdinaryShares	59,062
27 July2020	Mitsubishi UFJ Financial Group,Inc.	Sale of securities by an entity controlled byMorgan Stanley	7,791.11	190,027 OrdinaryShares	190,027
27 July2020	Mitsubishi UFJ Financial Group,Inc.	Borrowed by an entity controlled by Morgan Stanley- see annexure B	N/A	2,000,000 OrdinaryShares	2,000,000
28 July2020	Mitsubishi UFJ Financial Group,Inc.	Sale of securities by an entity controlled byMorgan Stanley	3,530.92	86,120 OrdinaryShares	86,120
28 July2020	Mitsubishi UFJ Financial Group,Inc.	Purchase of securities by an entity controlled byMorgan Stanley	8,800.00	200,000 OrdinaryShares	200,000
29 July2020	Mitsubishi UFJ Financial Group,Inc.	Borrowed by an entity controlled by Morgan Stanley- see annexure B	N/A	650,000 OrdinaryShares	650,000
7 August 2020	Mitsubishi UFJ Financial Group,Inc.	Sale of securities by an entity controlled by First Sentier Investors Holdings Pty Limited	699,600.00	12,000,000 Ordinaryshares	12,000,000
11 August 2020	Mitsubishi UFJ Financial Group,Inc.	Borrow returned by an entity controlled byMorgan Stanley- see annexure B	N/A	451,661 OrdinaryShares	451,661
9 September 2020	Mitsubishi UFJ Financial Group,Inc.	Sale of securities by an entity controlled byMorgan Stanley	3,671.19	65,557 OrdinaryShares	65,557

Annexure B

This is annexure B of 1 page referred to in Form 603, Notice of ceasing to be a substantial holder dated 14 September 2020

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Ryuichiro Sakuma

Authorised signatory

Dated 14 September 2020

The below schedules are based on the relevant standard agreements. The entity filing the report will, if requested by the company or responsible entity to whom the prescribed form must be given or ASIC, give a copy of the agreement to the company, responsible entity or ASIC.

Schedule	Schedule
Type of Agreement	Australian Master Securities LendingAgreement
Parties to agreement	Morgan StanleyAustralia Securities Limited and CITIBANK NA
Transfer Date	20200727;20200729;20200811;
Holder of Voting Rights	Borrower
Are there any restrictions on voting rights?	~~Yes/~~ ~~N~~o
If yes, detailNot applicable
Scheduled Return Date (if any)	Open
Does the borrower have the right to return early?	Ye~~s/No~~
If yes, detailThe Borrower shall be entitled at any time to terminate a particular loan of Securities and to redeliver all and any Equivalent Securities due and outstandingto the Lender in accordance with the Lender's instructions.
Does the lender have the right to recall early?	Ye~~s/No~~
If yes, detailThe Lender may call for the redelivery of all or any Equivalent Securities at any time by giving notice on any Business Day of not less than the Standard Settlement Time for such Equivalent Securities or the equivalent time on the exchange or in the clearing organisation through which the relevant borrowed Securities were originallydelivered.
Will the securities be returned on settlement?	Ye~~s/No~~
If yes, detail any exceptionsIf an Event of Default occurs in relation to either Party, the Parties' delivery and payment obligations shall be accelerated so as to require performance thereof at the time such Event of Default occurs. In such event the Relevant Value of the Securities to be delivered by each Party shall be established and on the basis of the Relevant Values so established, an account shall be taken of what is due from each Party to the other and the sums due from one Party shall be set‐off against the sums due from the other and only the balance of the account shall be payable.