Artemis Resources Limited — Major Shareholding Notification 2011

Jun 13, 2011

604 Page 1 of 2 15 July 2001

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company ARTEMIS RESOURCES LIMITED Name/Scheme ACN/ARSN 107 051 749

1. Details of substantial holder (1)

Name RICHARD SHEMESIAN AND KONGONI NOMINEES PTY LTD (SHEMESIAN)

ACN/ARSN (if applicable) N/A (008 899 321)

The holder ceased to be a substantial holder on 14/06/2011

The previous notice was given to the company on 27/10/2010

The previous notice was dated 29/10/2010

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial shareholder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial shareholding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (4)	Considerati on given in relation to change (5)	Class (6) and number of securities affected	Person’s votes affected
5/11/10	KONGONI NOMINEES PTY LTD	PURCHASE FROM RIGHTS ISSUE	157,175	2,857,733	2,857,733
5/11/10	RICHARD SHEMESIAN (KONGONI NOMINEES)	PURCHASE FROM RIGHTS ISSUE	157,175	2,857,733	2,857,733
5/11/10	RICHARD SHEMESIAN (CARLOW CASTLE)	PURCHASE FROM RIGHTS ISSUE	12,987	236,133	236,133
14/6/10	KONGONI NOMINEES PTY LTD	CEASING TO BE TRUSTEE	NIL	15,166,666	15,166,666
14/6/11	KONGONI NOMINEES	SALE & RESTRUCTURE	212,848	4,837,471	4,837,471
14/6/11	RICHARD SHEMESIAN (KONGONI NOMINEES)	CEASING TO BE TRUSTEE	NIL	15,166,666	15,166,666
14/6/11	RICHARD SHEMESIAN (KONGONI NOMINEES)	SALE & RESTRUCTURE	212,848	4,837,481	4,837,481
14/6/11	RICHARD SHEMESIAN (CARLOW CASTLE)	SALE & RESTRUCTURE	217,483	4,942,802	4,942,802

3. Changes in association

The persons who have become associated (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder relevant in relation to voting interests in the company or scheme are as follows:

Name and CAN/ARSN (if applicable)	Nature of association
KONGONI NOMINEES PTY LTD	CEASING TO BE TRUSTEE OF AN INVESTMENT TRUST & RESTRUCTURE TO CONSOLIDATE PRIVATE SHAREHOLDINGS

4. Addresses

604 Page 2 of 2 15 July 2001

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

Name	Address
RICHARD SHEMESIAN	PO BOX N80, GROSVENOR PLACE NSW 1220
KONGONI NOMINEES PTY LTD	PO BOX N80, GROSVENOR PLACE NSW 1220

Signature

print name RICHARD SHEMESIAN

==> picture [112 x 33] intentionally omitted <==

sign here

capacity SUBSTANTIAL SHAREHOLDER date 14 / 06 / 2011

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.