CUFE LTD — Major Shareholding Notification 2018

Jan 10, 2018

603 1 of 2

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme Fe Limited ACN/ARSN 112 731 638

1. Details of substantial holder (1)

Name	Fe Limited
ACN/ARSN (if applicable)	112 731 638

The holder became a substantial holder on 6/11/2017

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'svotes(5)	Voting power(6)
Fully paid ordinary Shares	25,000,000	25,000,000	6.82% (based on
			366,815,463 shares on
			issue)

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
Fe Limited	Relevant interest under section 608(1)(c) of the	25,000,000 ordinary fully paid
	Corporations Act 2001 (Cth), being a relevant	shares
	interest arising as a result of having the power to
	control the exercise of the power to dispose of
	securities arising by reason of voluntary escrow as
	set out in the notice of annual general meeting
	issued by Fe Limited on 4 October 2017.

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	Registeredholder of	Person entitledtobe	Class and number of securities
interest	securities	registeredas holder(8)
Fe Limited	Dempsey Resources Pty	Dempsey Resources Pty Ltd	25,000,000 fully paid ordinary
	Ltd		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	Date of	Consideration (9)	Consideration (9)		Class and number of securities
interest	acquisition
		Cash		Non-cash
Fe Limited	6/11/2017	n/a	n/a		25,000,000 fully paid ordinaryshares

0327 - Form 603 - FEL(Dempsey holding)_110118.docx

603 2 of 2

6. Associates

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

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----- Start of picture text ----- Name and ACN/ARSN (if applicable) Nature of associationN/A7. AddressesThe addresses of persons named in this form are as follows:addresses of persons named in this form are as follows:of persons named in this form are as follows:persons named in this form are as follows:in this form are as follows:form are as follows:as follows::Name AddressFE Limited 32 Harrogate Street, West Leederville, WA, 6007Dempsey Resources Pty Ltd 32 Harrogate Street, West Leederville, WA, 6007Signatureprint name Eloise von Puttkammer capacity Company Secretarysign here date [11/01/2018]----- End of picture text -----

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

DIRECTIONS

• (1) 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 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.

• (3) See the definition of "relevant interest" in sections 608 and 6718(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) 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 associate has a relevant interest in.

• (6) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (7) Include details of:

  • (a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671 8(4) 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

  • (b) 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 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.

• (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) 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 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.

0327 - Form 603 - FEL(Dempsey holding)_110118.docx