CENTAURUS METALS LIMITED — Major Shareholding Notification 2016

Jul 17, 2016

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	Centaurus Metals Limited (Centaurus)
ACN/ARSN	009 468 099
Details of substantial holder (1) 1.
Name	Terrativa Minerais SA
ACN/ARSN (if applicable)

There was a change in the interests of the

substantial holder on

The previous notice was given to the company on The previous notice was dated

01/07/2016
11/12/2015
11/12/2015

Previous and present voting power $2.$

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:

	Previous notice		Present notice
Class of securities (4)	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Fully paid ordinary shares	46,501,476	8.92%	46,501,476	7.04%

Changes in relevant interests 3.

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
04/01/2016	Terrativa Minerais SA	Dilution on issue of 2,469,259 shares to employees in lieu of salary	Nil	46,501,476 Ord shares	46,501,476
01/03/2016	Terrativa Minerais SA	Dilution on issue of 2,721,224 shares to employees in lieu of salary	Nil	46,501,476 Ord shares	46,501,476
03/05/2016	Terrativa Minerais SA	Dilution on issue of 3,014,000 shares to employees in lieu of salary	Nil	46,501,476 Ord shares	46,501,476
21/06/2016	Terrativa Minerais SA	Dilution on issue of 130,000,000 shares via a Placement. Terrativa did not participate in this new issue.	Nil	46,501,476 Ord shares	46,501,476
01/07/2016	Terrativa Minerais SA	Dilution on issue of 1,111,111 shares to employees in lieu of salary	Nil	46,501,476 Ord shares	46,501,476

Present relevant interests 4.

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
I This second the car	$T$ executive Missourie $\Omega$	$\mathbf{L}$ are able in $\mathbf{M}$ in a set of $\mathbf{A}$	Power to exercise senting simple assess	10 F01 H000

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

Addresses

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

Name	Address
Terrativa Minerais SA	Avenida Paulista 1754, 6th floor, CEP 01 310-920, Sao Paulo, Brazil

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 $(1)$ 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) applies, a copy $(a)$ 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 disposal of the $(b)$ 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 has, or may, $(7)$ 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 on 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 "unknown". $(8)$

Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$