ENCOUNTER RESOURCES LIMITED — Major Shareholding Notification 2017

Jun 19, 2017

FORM 605 Corporations Act 2001 Section 671B

NOTICE OF CEASING TO BE A SUBSTANTIAL HOLDER

To: Company Name/Scheme ENR - Encounter Resources Limited ACN/ARSN 109 815 796 1. Details of Substantial Holder(1) Name Acorn Capital Limited ACN/ARSN (if applicable) 082 694 531 There was a change in the interests of the 20/06/2017 substantial holder on The previous notice was given to the company on 30/05/2017 The previous notice was dated 30/05/2017 2. 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:

Date of Change	Person whose relevantinterest changed	Nature ofchange	Consideration given inrelation to change	Class and number ofsecurities affected	Person's votesaffected
Dilution as a result of share Issue

3. Changes in Associates

The persons who have become associates (2) of, ceased to be associates, or have change 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) Name of Association Print Name PAUL PALUMBO Capacity Portfolio Manager Sign Here Date 20/06/2017

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