CAPRICORN METALS LTD — Major Shareholding Notification 2021

Oct 19, 2021

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme		Capricorn Metals Ltd (ASX: CMM)
ACN/ARSN
1. Details of substantial holder (1)
Name		PARADICE INVESTMENT MANAGEMENT PTY LTD
ACN/ARSN (if applicable)	ABN 64 090 148 619
There was a change in the interests of the substantial holder on		18/10/2021
The previous notice was given to the company on		17/11/2020
The previous notice was dated		13/11/2020

2. Previous and present 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 when last required, and when now r company or scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
FPO	30,678,354	8.919%	7.862%	28,956.451

3. 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 as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
	SEE ANNEXURE

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
	SEE ANNEXURE

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed 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)	Nature of association

6. Addresses

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

Name	Address
PARADICE INVESTMENT MGT P/L	L27, CHIFLEY TOWER, 2 CHIFLEY SQUARE, SYDNEY NSW 2000

Signature

print name	Peter Manley	capacity	Company Secretary
sign here		date	20/10/2021

DIRECTIONS

If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the $(1)$ 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 6 of the form.

See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$

• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
• Include details of: $(6)$
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) $(a)$ 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
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or $(b)$ 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.

• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired $(7)$ 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.
• If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write $(8)$ "unknown".
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$

STOCK: CAPRICORN METALS LTD (ASX: CMM) ANNEXURE 1

1. CHANGES IN RELEVANT INTERESTS

			CONSIDERATION GIVEN IN	CLASS & NO. OF SECURITIES	PERSON'S VOTES
DATE OF CHANGE	PERSON WHOSE RELEVANT INTEREST CHANGED	NATURE OF CHANGE	RELATION TO CHANGE \$	AFFECTED	AFFECTED
16/11/2020	Paradice Investment Management Pty Ltd	Share Sale	\$48,331.50	$-27,618$	$-27,618$
17/11/2020	Paradice Investment Management Pty Ltd	Share Sale	\$490,209.96	$-290, 113$	$-290, 113$
18/11/2020	Paradice Investment Management Pty Ltd	Share Sale	\$481,291.89	$-290, 114$	$-290, 114$
4/12/2020	Paradice Investment Management Pty Ltd	Share Sale	\$2,258.93	$-1,378$	$-1,378$
22/12/2020	Paradice Investment Management Pty Ltd	Share Sale	\$1,361.65	$-792$
5/01/2021	Paradice Investment Management Pty Ltd	Share Sale	\$16.417.07	$-8.878$	$-8,878$
28/01/2021	Paradice Investment Management Pty Ltd	Share Purchase	-\$331,982.49	200,000	200,000
29/01/2021	Paradice Investment Management Pty Ltd	Share Purchase	-\$222,263.62	131,694	131,694
/02/2021	Paradice Investment Management Pty Ltd	Share Purchase	$-542,583.41$	25,000	25,000
8/02/2021	Paradice Investment Management Pty Ltd	Share Sale	\$14,121.80	$-8,404$	$-8,404$
23/02/2021	Paradice Investment Management Pty Ltd	Share Sale	\$48,183.79	$-31,000$	$-31,000$
/03/2021	Paradice Investment Management Pty Ltd	Share Sale	\$8,337.83	$-5,561$	$-5,561$
2/03/2021	Paradice Investment Management Pty Ltd	Share Sale	\$5,113.52	$-3,492$	$-3,492$
16/03/2021	Paradice Investment Management Pty Ltd	Share Sale	\$1,212.21	$-770$
15/04/2021	Paradice Investment Management Pty Ltd	Share Sale	\$19,479.69	$-10.767$	$-10.767$
20/04/2021	Paradice Investment Management Pty Ltd	Share Purchase	-\$25,481.38	14,269	14,269
23/04/2021	Paradice Investment Management Pty Ltd	Share Sale	\$3,139.93	$-1,726$	$-1.726$
27/04/2021	Paradice Investment Management Pty Ltd	Share Purchase	$-52,433.60$	1,394
30/04/2021	Paradice Investment Management Pty Ltd	Share Sale	\$1,216.66	$-716$	$-716$
0/05/2021	Paradice Investment Management Pty Ltd	Share Sale	\$15,714.29	$-8,231$	$-8.23$
24/05/2021	Paradice Investment Management Pty Ltd	Share Sale	\$8,712.24	4,737	$-4,737$
25/05/2021	Paradice Investment Management Pty Ltd	Share Sale	\$1,087.60	$-613$	-613
16/06/2021	Paradice Investment Management Pty Ltd	Share Sale	\$21,852.25	$-11,269$	$-11,269$
25/06/2021	Paradice Investment Management Pty Ltd	Share Sale	\$1,345.33	$-701$	$-701$
28/06/2021	Paradice Investment Management Ply Ltd	Share Sale	\$81,103.81	$-42,833$	42,833
12/07/2021	Paradice Investment Management Pty Ltd	Share Sale	\$220,320.83	$-121,724$	$-121,724$
9/08/2021	Paradice Investment Management Pty Ltd	Share Sale	\$18,705.00	$-8,827$	$-8,827$
10/08/2021	Paradice Investment Management Pty Ltd	Share Sale	\$159.894.71	$-76,192$	$-76,192$
19/08/2021	Paradice Investment Management Pty Ltd	Share Sale	\$11,152.21	$-5.364$	$-5.364$
8/09/2021	Paradice Investment Management Pty Ltd	Share Sale	\$138,094.73	$-53,967$	$-53,967$
9/09/2021	Paradice Investment Management Pty Ltd	Share Sale	\$93,193.22	$-38,368$	$-38,368$
16/09/2021	Paradice Investment Management Pty Ltd	Share Sale	\$5,962.82	$-2.605$	$-2,605$
22/09/2021	Paradice Investment Management Pty Ltd	Share Sale	\$84,853.97	$-39.267$	$-39,267$
18/10/2021	Paradice Investment Management Pty Ltd	Share Sale	\$2,465,635.51	998,233	998,233
		Total Purchases			372,357
		Total Sales	624,744.50 4,468,304.95	372,357 -2,094,260	$-2,094,260$
		Total	\$3,843,560.45	$-1,721,903$	$-1,721,903$

1. PRESENT RELEVANT INTERESTS

		Person entitled to be registered as		Class & No of
older of Relevant Interest	tered Holder of Securities	holder	Nature of Relevant Interest	Securities	Persons Votes
sgement Pty Ltd ana vestment aradice	Registered Holder of Citicorp Nominees Ltd	Citicorp Nominees Ltd	vestment Manager	5,816,377.00	5.816.377.00
radice Investment Management Pty Lt	Nominees Aust Ltd HSBC	HSBC Nominees Aust Ltd	nvestment Manager	14, 152, 619.00	14.152.619.00
int Ptv Lt aradice Investment Managemen	JP Morgan Nominees Aust Ltd	JP Morgan Nominees Aust Ltd	Investment Manager	5,989,415.00	5.989.415.00
radice investment Management Pty Lt	al Nominees Ltd Vation	National Nominees Ltd	nvestment Manager	2,998,040.00	2,998,040.00
			TOTAL	28.956.451.00	28,956,451.00

pages referred to in form 604 Notice of change of Interests of Sub

COMPANY SECRETARY
CAPACITY 20/10/2021
DATE

$\label{eq:2.1} \frac{1}{2} \int_{\mathbb{R}^3} \frac{1}{\sqrt{2\pi}} \int_{\mathbb{R}^3} \frac{1}{\sqrt{2\pi}} \int_{\mathbb{R}^3} \frac{1}{\sqrt{2\pi}} \int_{\mathbb{R}^3} \frac{1}{\sqrt{2\pi}} \int_{\mathbb{R}^3} \frac{1}{\sqrt{2\pi}} \int_{\mathbb{R}^3} \frac{1}{\sqrt{2\pi}} \int_{\mathbb{R}^3} \frac{1}{\sqrt{2\pi}} \int_{\mathbb{R}^3} \frac{1}{\sqrt{2\pi}} \int_{\mathbb{R}^3}$ $\label{eq:2.1} \mathcal{L}(\mathcal{L}^{\text{max}}{\mathcal{L}}(\mathcal{L}^{\text{max}}{\mathcal{L}}))\leq \mathcal{L}(\mathcal{L}^{\text{max}}{\mathcal{L}}(\mathcal{L}^{\text{max}}{\mathcal{L}}))$

$\label{eq:2.1} \frac{1}{\sqrt{2}}\int_{\mathbb{R}^3}\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2.$

$\label{eq:2.1} \frac{1}{\sqrt{2}}\sum_{i=1}^n\frac{1}{\sqrt{2}}\sum_{i=1}^n\frac{1}{\sqrt{2}}\sum_{i=1}^n\frac{1}{\sqrt{2}}\sum_{i=1}^n\frac{1}{\sqrt{2}}\sum_{i=1}^n\frac{1}{\sqrt{2}}\sum_{i=1}^n\frac{1}{\sqrt{2}}\sum_{i=1}^n\frac{1}{\sqrt{2}}\sum_{i=1}^n\frac{1}{\sqrt{2}}\sum_{i=1}^n\frac{1}{\sqrt{2}}\sum_{i=1}^n\frac{1}{\sqrt{2}}\sum_{i=1}^n\frac$

$\sim 20$

$\mathcal{S}^{(1)}$