CAPRICORN METALS LTD — Major Shareholding Notification 2021

Nov 23, 2021

Form 605 Corporations Act 2001 Section 671B Notice of ceasing to be a substantial holder

ToCompany Name/Scheme	Capricorn Metals Ltd(Capricorn)
ACN/ARSN	121 700 105

1. Details of substantial holder (1)

Name	Hawke’s Point Entity).	Holdings I Limited (Hawke’s Point) and each of the entities listed in Annexure “A” (Hawke’s Point Group	Holdings I Limited (Hawke’s Point) and each of the entities listed in Annexure “A” (Hawke’s Point Group	Holdings I Limited (Hawke’s Point) and each of the entities listed in Annexure “A” (Hawke’s Point Group	Holdings I Limited (Hawke’s Point) and each of the entities listed in Annexure “A” (Hawke’s Point Group	Holdings I Limited (Hawke’s Point) and each of the entities listed in Annexure “A” (Hawke’s Point Group	Holdings I Limited (Hawke’s Point) and each of the entities listed in Annexure “A” (Hawke’s Point Group
ACN/ARSN (if applicable)	Not applicable
The holder ceased to be a
substantial holder on		22/11/2021
The previous notice was given to the company on		22/10/2021
The previous notice was dated		21/10/2021
2. Changes in relevant interests
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 togive a substantial holdingnotice to the companyor scheme are as follows:
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

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
19/11/2021	Hawke’s Point	Change in relevant interest resulting from the sale of ordinary shares pursuant to a private sale.	A$22,360,000	8,000,000 ordinary shares	8,000,000
19/11/2021	Each Hawke’s Point Group Entity	Change in relevant interest under s 608(3)(a) and/or s 608(3)(b) of the Corporations Act 2001 (Cth), by virtue of having voting power of more than 20% or controlling Hawke’s Point.	N/A	8,000,000 ordinary shares	8,000,000

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:

interests in the companyor scheme are as follows:
Name and ACN/ARSN(if applicable)	Nature of association
Not Applicable	Not Applicable

4. Addresses

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

f persons named in this form are as follows:
Name	Address
Hawke’s Point and each Hawke’s Point Group Entity	c /- Polygon Global Partners LLP, 4 Sloan Terrace, London, SW1X 9DQ, United Kingdom

97118065

Signature

print name sign here	Erik Caspersen capacity Authorised Signatory
	date 22/11/2021

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, moneys 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.

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Annexure “A” – Hawke’s Point Group Entities

This is Annexure “A” of 1 page referred to in the Form 605 (Notice of ceasing to be a substantial holder), signed by me and dated 22/11/2021.

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…………………… Erik Caspersen Authorised Signatory, Hawke’s Point Holdings I Limited

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Hawke’s Point Group Entities

Entity	ACN/ARSN
Hawke’s Point Holdings L.P	Not applicable
Hawke’s Point GP Limited	Not applicable
Hawke’s Point Manager L.P	Not applicable
Polygon Global Partners LLP	Not applicable
Polygon Global Partners LP	Not applicable

Tetragon Financial Group Limited and each Not applicable of its related bodies corporate

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