CONICO LTD — Major Shareholding Notification 2008

Jul 24, 2008

603 Page 1 of 3 15 July 2001

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme	Fission Energy Limited
ACN/ARSN	119 057 457
1. Details of substantial holder (1) Name ACN/ARSN (if applicable)	$\ddot{\phantom{1}}$ James Richardson

The holder became a substantial holder on 18/07/2008

2. Details of 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 on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
Shares	22,013,575	22,013,575	19.48%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Tadea Pty Ltd Tadea Pty Ltd <richardson Family A/C></richardson	Director & Shareholder	$12,143,575$ Shares 350,000 Shares
Standard Nickel Pty Ltd	Director & Shareholder	9,520,000 Shares

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Class and number of securities
Tadaa Pty Ltd	Tadea Pty Ltd	Tadea Pty Ltd	12,493.575 Shares
Standard Nickel Pty Ltd	Standard Nickel Pty Standard Nickel Pty Ltd	Ltd	9,520,000 Shares

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number of securities
		Cash	Non-cash
Tadea Pty Ltd	18 July 2008			Services 10,000,000 Shares

603 Page 2 of 3 15 July 2001

Tadea Pty Ltd	21 April 2008 - 20 July 2008	\$360,095		2,093.575 Shares
Tadea Pty Ltd <atf< b=""> Richardson Family 8/F A/C</atf<>	21 April 2008	\$59,605		350,000 Shares
Standard Nickel Pty Ltd	$18$ $July$ $2003$		Mataora Matal Ltd Shares	9,520,000 Shares

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
Tadea Pty Ltd	Director & Shareholder
Standard Nickel Pty Ltd	Diractor & Shareholder

7. Addresses

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

Name	Address
Tadea Pty Ltd	PO Box 154, West Perth, WA 6872
	-------

Signature

print name	SAMES Bradley Richardson	capacity	rrector.
sign here	the hudson	date	' OK

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

College

• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an $(5)$ associate has a relevant interest in.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(6)$

$\sim 10$

• include details of: $(7)$
• any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of (a) 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).

p.4

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• 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".
• 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 entitted to receive in relation to that acquisition. Details m $(9)$