CULLEN RESOURCES LIMITED — Major Shareholding Notification 2017

Dec 4, 2017

BY FACSIMILE: 1300 135 638

Aquila Resources Pty Ltd
ABN 81 092 002 769

Level 14 сетент
225 St Georges Terrace
PERTH WA 6000

PO Box 7022 Cloisters Square WA 6650

Telephone: (61) 8 9423 0111 Facelmile: (61) 6 9423 0133 mal@aquilaresources.com.au www.equiteresources.com.au

5 December 2017

Market Announcements Office Australian Securities Exchange Exchange Centre 20 Bridge Street SYDNEY NSW 2000

Dear Sir / Madam

FORM 605

We attach a Form 605 Notice of Ceasing to be a Substantial Holder in respect of Aquila Resources Pty Ltd's shareholding in Cullen Resources Limited. This form will also be sent to Cullen Resources Limited.

Yours sincerely

May Chan Company Secretary

2017

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Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name Scheme ACMARENT	Culen Resourcer Limited 006045790
1. Details of substantial holder (1).
Hane	Aquilla Resources Pty Ltd
ACNARESN (if applicable)	092002769
The holder cassed to be a succiental holder on		$+12 + 2017$
The previous notice was given to the company on -		$112 + 2015$
The previous notice was dated		72015 12.

2 Changes in relevant interests

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0060

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Parficulars of each change in, or change in the nature of, a relevant inferent (2) of the substantial holder or an associate (3) 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 themes.	Person whose relevant interest. changed	Nature of change [4]	Consideration given in relation. to changes (5)	Class 65 and cumber of securities. affected	Person's votes. afferfed
1822017	Acuila Resources PI LIJ	As per Appendy, 38 Induced by Culter Resources Limited (CUL) on 1/12/2017. the total ordinary fully peid CLU, shares on- issue was increased to 2,585,560,131 following the issue of shares under its share purchase plan. This has resulted in the percentage of CLU, rates held by Aguila Resources Pty Ltd being reduced lo below 5%.	Not agglicable	102343.126 ordinany shares	102343.426 ordinary shares
15/7/2017	BTXPt Lid	Transferred all its CLT, shares to its sole. shareholder, Aguila Resources Ptv Lid and ceased to be a CUL shareholder.	\$11.300	11.300.000 cromery shere s	11300.000 ordinary shares
15/7/2017	Pencir Ptr Ltd	Transferred all its CUL shares to its sole shareholder, Acuita Resources Pty Lid. and reased to be a CUL sharefinitier.	\$7,690.12	77.690.123 ordinary जीवास्त	77.690.123 ordinary shares

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

ad ACNA RSA (if applicable) Name ser	resume of association.
hot applicable

4. Addresses

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

Name	Address
Aquila Resources Ply Lid	Level 14, 225 SI Georges Terrace, Perth, Weslem Australia

Signature

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Management

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2017

ominane	MAY WELL NG CHAN
sqnbere		IJ

capadiy Company Secretary $\frac{5}{12007}$