AKORA RESOURCES LIMITED — Major Shareholding Notification 2022

Mar 2, 2022

605 Page 1 of 2 15 July 2001

Form 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme

ACN/ARSN

Akora Resources Ltd

139 847 555

1. Details of substantial holder (1)

Name MACKENZIE FINANCIAL CORPORATION ("MFC")

ACN/ARSN (if applicable) (SEE ANNEXURE A - LIST OF ASSOCIATES)

The holder ceased to be a substantial holder on

02/March/2022

The previous notice was given to the company on 11 / May / 2021 The previous notice was dated 11 / May / 2021

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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 (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person's votes affected
02/03/2022		See Annexure B

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) 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
N/A

4. Addresses

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

Name	Address
MACKENZIE FINANCIAL CORP.	180 QUEEN STREET WEST, TORONTO ON, M5V 3K1

Signature

re
print name sign here	Karl Mendonca capacity Senior Compliance Specialist, Mackenzie Financial Corporation
	date 02/03/2022

605 Page 2 of 2 15 July 2001

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 4 of the form.

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

• (3) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (4) 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.

• (5) 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.

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

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

Annexure A

This is Annexure A referred to in the form 605 Notice of Ceasing to be Substantial Holder in relation to Akora Resources Limited (ACN 139 847 555). Signed by me and dated March 2, 2022.

Karl Mendonca

Senior Compliance Specialist, Mackenzie Financial Corporation

	Appendix A - Details of Relevant Interest
		Number of
Holder of relevant interest	Nature of relevant interest	securities	Class

Relevant interest under sec 608(1)(b) and 608(1)(c) of the Mackenzie Financial Corporation in respect Corporations Act 2001 (Cth) as a result of having both voting and to the following funds/accounts: disposition control of the shares in the funds/accounts. 1. IG Mackenzie Global Natural Resources Fund 2. IG Mackenzie Global Natural Resources Class 3. Mackenzie Global Resource Fund

655,800 ordinary 219,300 ordinary 702,040 ordinary

Annexure B

This is Annexure B referred to in the form 605 Notice of Ceasing to be a Substantial Holder in relation to Akora Resources Limited (ACN 139 847 555). Signed by me and dated March 2, 2022.

Karl Mendonca

Senior Compliance Specialist, Mackenzie Financial Corporation

		Appendix B - Consideration	Appendix B - Consideration
		Date of
		Acquisition
		(Eastern Time	Consideration		Number of
Holder of relevant interest		Trade Date)	(per share)		securities	Class
			Cash ($AUD)	Buy/Sell
Mackenzie Global Resource Fund	653	2022-03-02	0.31	Sell	207,231	ordinary
IG Mackenzie Global Natural Resources Fund	ICNR	2022-03-02	0.31	Sell	263,658	ordinary
IG Mackenzie Global Natural Resources Class	CIGNR	2022-03-02	0.31	Sell	85,667	ordinary

Annexure C

This is Annexure C of 1 page referred to in the form 605 Notice of Ceasing to be a substantial holder in relation to Akora Resources Ltd. (ACN 139 847 555). Signed by me and dated March 2, 2022.

Karl Mendonca

Senior Compliance Specialist, Mackenzie Financial Corporation

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