CONICO LTD — Major Shareholding Notification 2015

Dec 15, 2015

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To_ Company Name/Scheme	Conico Ltd --------------------------------------
ACN/ARSN	119 057 457 ___

1. Details of substantial holder(1)

Name ACN/ARSN (if applicable)	Mr James B Richardson ("JBR")
There was a change in the interests of the substantial holder on	15/12/2015
The previous notice was given to the company on The previous notice was dated	26/11/2009 25, 11, 2009

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

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary	22,013,575 17.34%		40,585,013 14.968

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

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 "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
		"A" 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)	_____ the control of the control of the control of Nature of association the complete of the complete service in the complete service of the complete service of
N/A	____
the control of the con- the contract of the second company of the property of the property of	the property of the con- the control of the control of The control of the company of the control of the control of the control of the control of the control of the control of the control of the control of the control of the control of the control of the control of the control

6. Addresses

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

Name	Address
Mr James B Richardson	PO Box 154, West Perth, WA 6872

• 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 $(1)$ 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. $(5)$
• $(6)$ 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 (a) 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 securities to $(b)$ 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, becom' e
  entitled to receive in relation to that acquisition. Details $(7)$ 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 "unknown". $(8)$
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$

Annexure A

This is Annexure "A" of one page referred to in Form 604 Notice of Change of Interests of a Substantial Holder lodged by
Conico Ltd A.C.N. 119 057 457.

Changes in relevant interests

Date	Person whose relevant interest changed	Nature of change	Consideration given in relation to change	Class and Number of Securities	Person's Votes
29/06/2010	JBR	Purchase - Off-market	\$129,797	843,386	843,386
29/06/2010	JBR	Purchase - Off-market	\$183,295	1,191,000	1,191,000
29/06/2010	JBR	Purchase - Off-market	\$24,103	156,614	156,614
29/06/2010	JBR	Purchase - Off-market	\$38,475	250,000	250,000
29/06/2010	JBR	Purchase - Off-market	\$376,843	2,448,625	2,448,625
29/06/2010	JBR	Sale - Off-market	\$1,089,708	7,080,625	7,080,625
28/06/2011	JBR	Purchase - Off-market	\$48,973	1,224,313	1,224,313
28/06/2011	JBR	Purchase - Off-market	\$357,480	8,937,000	8,937,000
28/06/2011	JBR	Purchase - Off-market	\$177,236	4,430,888	4,430,888
28/06/2011	JBR	Sale - Off-market	\$534,715	13,367,888	13,367,888
28/06/2011	JBR	Sale - Off-market	\$97,945	2.448,625	2,448,625
03/01/2013	JBR	Dilution upon issue of shares by Conico	N/A	16,158,888	16,158,888
14/10/2015	JBR	Dilution upon issue of shares by Conico	N/A	16,158,888	16,158,888
25/11/2015	JBR	Dilution upon issue of shares by Conico	N/A	16,158,888	16,158,888
14/12/2015	JBR	Issue of shares as satisfaction for debt.	\$195,406	24,426,125	24,426,125

Present relevant interests

Registered holder of Holder of relevant securities interest		Nature of relevant interest	Class and Number of Securities	Person's Votes
JBR	JBR	Direct	7,767,375	7,767,375
Tadea Pty Ltd	Tadea Pty Ltd	Director & Shareholder	5,621,888	5,621,888
Ltd Pty Tadea <richardson Family S/F</richardson	Ltd Ptv Tadea Family <richardson S/F</richardson	Director & Shareholder	11.070.750	11.070.750
BT Global Pty Ltd	BT Global Pty Ltd	Director & Shareholder	3,375,000	3.375,000
RM Capital Pty Ltd	RM Capital Pty Ltd	Director & Shareholder	3,750,000	3,750,000
RM -C orporate Finance Pty Ltd	RM Corporate Finance Pty Ltd	Director & Shareholder	9.000.000	9.000.000
		Person entitled to be registered as holder

James Bradley Richardson

Date: 15 December 2015