DOTZ NANO LIMITED — Major Shareholding Notification 2013

Oct 13, 2013

ASX ANNOUNCEMENT 14 October 2013

TSCHUDI GROUP – CHANGE IN SUBSTANTIAL HOLDING, APPENDIX 3Y

Northern Iron Limited (ASX:NFE, Company ) advises that “Change in Substantial Holding” and “Change of Director's Interest” notices have today been lodged with ASX in respect of the expiry of 33,050,180 unlisted call options held by Tschudi Mining Company AS ( Tschudi Mining ), an associated entity of Mr Felix H.Tschudi, a director of the Company.

As previously disclosed by the Company, in connection with the funding of its participation in the Company’s 2012 Entitlement Offer, Tschudi Mining sold a portion of its shareholding in the Company (33,050,180 fully paid ordinary shares) and entered into call option arrangements in relation to an identical number of shares. Tschudi Mining has not exercised the options as they were out of the money at their contractual expiry. This means that those options have lapsed and therefore Tschudi Mining no longer holds a relevant interest in the equivalent number of ordinary shares.

Following the expiry of the options, Tschudi Mining's relevant interest in the Company stands at 13.86%.

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