CAPRICORN METALS LTD — Major Shareholding Notification 2012

Apr 15, 2012

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme	MALAGASY MINERALS LIMITED
ACN/ARSN	121 760 105
1. Details of substantial holder (1)
Name	WTR HOLDINGS PTY LTD
ACN/ARSN (if applicable)	061 662 011
The holder ceased to be a substantial holder on	04/04/2012
The previous notice was given to the company on	07/07/2008

2. Changes in relevant interests

The previous notice was dated

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 scheme are as follows:

03/07/2008

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
04/04/2012	WTR HOLDINGS PTY LTD	OFF MARKET SALE	$$0.05$ PER SHARE	ORD 10,000,000	10,000,000

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
NOT APPLICABLE

4. Addresses

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

Name	Address
WTR HOLDINGS PTY LTD	15 LOVEGROVE CLOSE, MOUNT CLAREMONT WA 6010

Signature

print name	GRAEME R BODEN	capacity	SECRETARY, WTR HOLDINGS PTY LTD
sign here		date	16/04/2012