ASARA RESOURCES LIMITED — Major Shareholding Notification 2015

Dec 17, 2015

FORM 605 Corporations Act 2001 Section 671B

NOTICE OF CEASING TO BE A SUBSTANTIAL HOLDER

• To: Company Name/Scheme

gmr - Golden Rim Resources Ltd

ACN/ARSN 006 710 774

1. Details of Substantial Holder(1)

Name Acorn Capital Limited ACN/ARSN (if applicable) 082 694 531 There was a change in the interests of the 18/12/2015 substantial holder on The previous notice was given to the company on 7/02/2011 The previous notice was dated 7/02/2011

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 Nature of Consideration given in Class and number of Person's votes interest changed change relation to change securities affected affected

See Annexure A

3. Changes in Associates

The persons who have become associates (2) of, ceased to be associates, or have change 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)

Name of Association

Print Name PAUL PALUMBO Capacity Portfolio Manager

Sign Here

Date 18/12/2015

Annexure A

07-Feb-2011 to 18-Dec-2015

Date Of Change Entity Type of Transaction

Quantity

Consideration