AVIRA RESOURCES LTD — Major Shareholding Notification 2016

Jul 18, 2016

603 page 1/2

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme MGT Resources Limited ACN/ARSN 131 715 645 1. Details of substantial holder (1) Name Joseph Capital (Hong Kong) Limited ACN/ARSN (if applicable) Hong Kong Company Number: 2271550 The holder became a substantial holder on 19 / 7 / 2016 .

2. Details of 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 on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Persons’ votes (5)	Voting power (6)
Fully paid ordinary shares	30,303,030	30,303,030	6.3% (based on 483,066,131ordinaryshare on issue)

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

	Holder of relevant interest	Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities	Class and number of securities
			Arising from MGT Resources Limited entering into a
	Joseph Capital (Hong Kong) Limited		Share Subscription Agreement with Joseph Capital	30,303,030 fully paid ordinary shares
			(HongKong)Limited.
	of present registered holders
	ns registered as holders of the securities referred to in paragraph 3 above are as follows:
	Holder of relevant	Registered holder ofPerson entitled to be registered			Class and number of
	interest	securitiesas holder (8)			securities
	Joseph Capital (Hong Kong)Limited	Joseph Capital (Hong Kong)LimitedJoseph Capital (Hong Kong) Limited			30,303,030 fully paid ordinaryshares

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant	Date of acquisition	Consideration (9)	Consideration (9)		Class and number of
interest					securities
		Cash		Non-cash
Joseph Capital (Hong Kong)Limited	19/7/2016	$1,000,000		N/A	30,303,030fully paid ordinary sharesat$0.033per share.

603 page 2/2

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
N/A	N/A

7. Addresses

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

Name	Name	Address	Address
Joseph Capital (Hong Kong) Limited
	eph Capital (Hong Kong) Limited	11/F Shum TolltsR No, 268 Des Voeux Rd Centrai, Si-IFung\Van Hong Kong

Signature

print name Jacqueline Butler capacity Company Secretary sign here date 19 / 7 /2016

sign here

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 7 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 total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.

• (6) The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (7) Include details of:

  • (a) any relevant agreement or other circumstances by which the relevant interest was acquired. 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.

• (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) 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.