ASARA RESOURCES LIMITED — Major Shareholding Notification 2020

Mar 25, 2020

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 26/03/2020 substantial holder on The previous notice was given to the company on 23/09/2019 The previous notice was dated 18/09/2019 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 in addition to dilution

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
4. Addresses The Addresses of persons named in this form are as follows:
Name	Address
Acorn Capital Limited	Level 12, 90 Collins Street Melbourne Vic 3000

Print Name PAUL PALUMBO Capacity Director Sign Here Date 26/03/2020

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Annexure A

This Annexure A referred to in the Form 605 Notice of Ceasing to be a Substantial Holder signed by me and dated 26/03/2020

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PAUL PALUMBO Director

19-Sep-2019 to 26-Mar-2020

Date Of Change	Person whose relevant interest changed	Nature of Change	Consideration given in relation to change	Consideration given in relation to change	Consideration given in relation to change	Consideration given in relation to change	Person's votes affected
09/10/2019 10/10/2019 11/10/2019 14/10/2019 15/10/2019 06/02/2020 11/02/2020 13/02/2020 14/02/2020 17/02/2020 18/02/2020 19/02/2020 21/02/2020 18/03/2020 19/03/2020 20/03/2020 23/03/2020 24/03/2020	Acorn Capital Ltd Acorn Capital Ltd Acorn Capital Ltd Acorn Capital Ltd Acorn Capital Ltd Acorn Capital Ltd Acorn Capital Ltd Acorn Capital Ltd Acorn Capital Ltd Acorn Capital Ltd Acorn Capital Ltd Acorn Capital Ltd Acorn Capital Ltd Acorn Capital Ltd Acorn Capital Ltd Acorn Capital Ltd Acorn Capital Ltd Acorn Capital Ltd	Purchase Purchase Purchase Purchase Purchase Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale		$4,354.79 $1,306.44 $4,946.13 $28,796.35 $72,051.28 -$11,393.18 -$5,948.91 -$5,085.30 -$1,331.81 -$7,462.68 -$2,526.32 -$544.44 -$9,444.54 -$64,678.62 -$149,660.18 -$31,787.71 -$12,687.76 -$31,177.62		300,000 ordinary shares 90,000 ordinary shares 340,738 ordinary shares 1,983,773 ordinary shares 4,643,362 ordinary shares -1,140,574 ordinary shares -595,547 ordinary shares -509,090 ordinary shares -133,327 ordinary shares -747,090 ordinary shares -252,910 ordinary shares -54,505 ordinary shares -945,495 ordinary shares -10,974,548 ordinary shares -29,965,001 ordinary shares -6,364,545 ordinary shares -2,540,348 ordinary shares -6,242,391 ordinary shares	300,000 90,000 340,738 1,983,773 4,643,362 -1,140,574 -595,547 -509,090 -133,327 -747,090 -252,910 -54,505 -945,495 -10,974,548 -29,965,001 -6,364,545 -2,540,348 -6,242,391

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