DEVEX RESOURCES LIMITED — Major Shareholding Notification 2020

Dec 2, 2020

604 Page 1 of 3 15 July 2001

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme DEVEX RESOURCES LIMITED

ACN/ARSN 009 799 553

1. Details of substantial holder (1)

Name Timothy R B Goyder

ACN/ARSN (if applicable)

There was a change in the interests of the substantial holder on 3 / 12 / 2020 The previous notice was given to the company on 8 / 9 / 2020 The previous notice was dated 8 / 9 / 2020

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 required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice	Previous notice	Present notice	Present notice
	Person’s votes	Voting power(5)	Person’s votes	Voting power(5)
Fully Paid OrdinaryShares	53,375,269	21.69	53,375,269	18.88

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 a substantial holding notice to the company or scheme are as follows:

follows:
Date ofchange	Person whoserelevant interestchanged	Nature of change (6)	Consideration given inrelation to change (7)	Class and numberof securitiesaffected	Person's votesaffected
SeeAnnexureA

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevantinterest	Registered holder ofsecurities	Person entitled to beregistered as holder(8)	Nature of relevantinterest (6)	Class andnumber ofsecurities	Person's votes
Timothy R BGoyder	Timothy R BGoyder	Timothy R BGoyder	Directinvestment	13,318,832fully paidordinaryshares	13,318,832

604 Page 3 of 3 15 July 2001

• (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 6 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 671B(7) of the Corporations Act 2001.

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

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

• (6) Include details of:

  • (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(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.

• (7) 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.

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

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

Appendix A

DevEx Resources Limited

ACN 009 799 553

3. Changes in relevant interests

Date of	Person whose relevant	Nature of	Consideration	Class and number of	Person's
Change	interest changed	change (6)	given in	securities affected	votes
			relation to		affected
			change (7)
3/12/2020	Timothy R B Goyder	Relevant	n/a	13,318,832 fully paid	n/a
	TRB Goyder	interests’ voting		ordinary shares
	Superannuation Fund	power reduced		35,670,187 fully paid
	Linda Goyder	due to the issue		ordinary shares
	LRG Super Pty Ltd <LRG	of 36,600,000		4,073,750 fully paid
	Superannuation Fund A/C>	fully paid ordinary		ordinary shares
		shares by the		312,500 fully paid ordinary
		Company		shares