AIC MINES LIMITED — Major Shareholding Notification 2020

Aug 4, 2020

604 page 3/3

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

ToCompany Name/Scheme	AIC Mines Limited
ACN/ARSN	060 156 452
1. Details of substantial holder (1)
Name	Nordana Pty Ltd (ACN 009 087 414); El-Raghy Kriewaldt Pty Ltd (ACN 009 091 516); El-Raghy Pty Ltd (ACN 632 513 010); and Josef El-Raghy

1. Details of substantial holder (1)	1. Details of substantial holder (1)	1. Details of substantial holder (1)	1. Details of substantial holder (1)	1. Details of substantial holder (1)
Name Nordana Pty Ltd (ACN 009 087 414); El-Raghy Kriewaldt Pty Ltd (ACN 009 091 516); El-Raghy Pty Ltd (ACN 632 513 010); and Josef El-Raghy
ACN/ARSN (if applicable) See above
There was a change in the interests of the
substantial holder on 20 / 04 / 2020
The previous notice was given to the company on 20 / 04 / 2020
The previous notice was dated 20 / 04 / 2020
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 Person’s votes	Voting power (5)	Present notice Person’s votes	Voting power (5)
			18.62%
Ordinary Shares 9,945,369	19.13%	12,794,414	(Based on an issued capital of AIC of
			68,715,018)
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 hol	ding notice to the company or scheme are as follows:

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 (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person’s votes affected
20/04/2020	Josef El-Raghy	Purchase	$0.290000 per share	100,000 ordinary shares (Shares)	100,000
21/04/2020	Josef El-Raghy	Purchase	$0.287500 per share	100,000 ordinary shares (Shares)	100,000
22/04/2020	Josef El-Raghy	Purchase	$0.290000 per share	200,000 ordinary shares (Shares)	200,000
31/07/2020	Josef El-Raghy	Entitlement Issue	$0.280000 per share	549,339 ordinary shares (Shares)	549,339
31/07/2020	Josef El-Raghy	Entitlement Issue	$0.280000 per share	928,572 ordinary shares (Shares)	928,572
5/08/2020	Josef El-Raghy	Shortfall Shares -Sub Underwriter	$0.280000 per share	971,134 ordinary shares (Shares)	971,134

4. Present relevant interests

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

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person’s votes
Nordana Pty Ltd	Nordana Pty Ltd	Nordana Pty Ltd	Relevant interest pursuant to section 608(1) of the Corporations Act	7,428,572 Shares	7,428,572
El-Raghy Kriewaldt Pty Ltd	El-Raghy Kriewaldt Pty Ltd	El-Raghy Kriewaldt Pty Ltd	Relevant interest pursuant to section 608(1) of the Corporations Act	5,365,842 Shares	5,365,842
El-Raghy Pty Ltd	El-Raghy Kriewaldt Pty Ltd	El-Raghy Kriewaldt Pty Ltd	Relevant interest pursuant to section 608(3) of the Corporations Act	5,365,842 Shares	5,365,842

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

6. Addresses

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

Name	Address
Nordana Pty Ltd	C/-Gooding Partners, Level 9, 1 William Street, Perth, WA, 6000
El-Raghy Kriewaldt Pty Ltd	C/-Gooding Partners, Level 9, 1 William Street, Perth, WA, 6000
El-Raghy Pty Ltd	C/-Gooding Partners, Level 9, 1 William Street, Perth, WA, 6000
MrJosef El-Raghy	12JamesonStreet, Swanbourne,WA, 6010

Signature

print name Josef El-Raghy	capacity	For and on behalf of Substantial Holders
sign here	date	5/08/2020
DIRECTIONS
er of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and
trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar,
ed to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members
paragraph 6 of the form.
f "associate" in section 9 of the Corporations Act 2001.
f "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
of a company constitute one class unless divided into separate classes.
divided by the total votes in the body corporate or scheme multiplied by 100.

• (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 6 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 on 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.