Celsius Resources Limited — Major Shareholding Notification 2015

Jan 4, 2015

5 January 2015

Companies Announcements Platform Australian Securities Exchange Exchange Centre 20 Bridge Street SYDNEY NSW 2000

Contact Michael MacMahon Direct Line (02) 8083 0451 Email michael.macmahon@holdingredlich.com Partner Darren Pereira Our Ref MBM:13670008

Dear Sir / Madam

Blumont Group Ltd. - Notice of change of interest of substantial holder

On behalf of Blumont Group Ltd. we enclose a copy of a "Form 604: Notice of change of interests of substantial holder" in relation to Celsius Coal Limited.

Yours sincerely

Molday Reall,

Enclosures: 1

Sydney . Melbourne . Brisbane

Level 65 MLC Centre 19 Martin Place Sydney NSW 2000 DX 529 Sydney GPO Box 4118 Sydney NSW 2001 T +61 2 8083 0388 www.holdingredlich.com ABN 15364527724

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To	Company Name/Scheme	Celsius Coal Limited (Celsius)
	ACN/ARSN	009 162 949
	1. Details of substantial holder (1)
Name		Blumont Group Ltd. (Blumont)
	ACN/ARSN (if applicable)	N/A
	There was a change in the interests of the substantial holder on		23 December 2014
	The previous notice was given to the company on		9 October 2014
	The previous notice was dated		9 October 2014

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 required, to give a substantial holding notice to the 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)
Ordinary shares	227, 272, 727	10.07%	227.272.727	8.68%

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 a substantial holding notice to the company or scheme are 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
23/12/2014	Blumont	Dilution of shareholding interest as a result of issue of ordinary shares by Celsius	N/A	N/A	N/A

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
Blumont	Holdex Nominees Ptv Ltd	Blumont	Relevant interest in the securities as the registered holder holds the securities pursuant to a security interest granted by Blumont to its financier	227, 272, 727 ordinary shares	227.272.727

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 voling interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	______ ____ Nature of association
N/a	N/a

6. Addresses

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

Name	Address
Blumont Group Ltd.	298 Tiong Bahru Road, #20-02/03 Central Plaza Singapore 168730
Holdex Nominees Ply Ltd	PO Box 48, Collins Street, West VIC 8007

Signature

DIRECTIONS

• 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 Tutslee of an equity (rust), the names could be included in an ann $(1)$
• $(2)$ 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 voling shares of a company constitute one class unless divided into separate classes.
• $(5)$ The person's voles divided by the lotal votes in the body corporate or scheme multiplied by 100.
• $(6)$ include details of:
• 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 statemen $(a)$ 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 voling powers or
  disposal of the securities to which the relevant interest relates (indicating clearly the $(b)$ 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 has, or may, become entilled to receive in relation to that acquisition. Details m $\left( 7\right)$
• $(8)$ 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'
• $(9)$ Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

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