EVOLUTION MINING LIMITED — Major Shareholding Notification 2020

Feb 2, 2020

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	Evolution Mining Limited
ACN/ARSN	084 669 036
1. Details of substantial holder (1)
Name		associates being each entity listed in Annexure A (the "La Mancha Group")	La Mancha Group International B.V. (incorporated in the Netherlands, trade register number 55617786) ("LMGI") and its
ACN/ARSN (if applicable)	N/A
There was a change in the interests of the
substantial holder on		30/01/2020
The previous notice was given to the company on		31/12/2019
The previous notice was dated		31/12/2019

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:

	Previous notice		Present notice
Class of securities (4)	Person's votes	Voting power (5)	Person's votes	Voting power (5)
IORD	113.186.919	6.64%	93,878,541	5.51%

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:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes Affected
02/01/2020	La Mancha Group	lOn market sale	\$3,177,738.14	852,878 ORD	852.878
03/01/2020	La Mancha Group	On market sale	\$6,069,972.28	1,597,193 ORD	1,597,193
106/01/2020	a Mancha Group	On market sale	\$3,312,316.12	880,982 ORD	880,982
07/01/2020	La Mancha Group	On market sale	\$2,468,571.79	664,291 ORD	664,291
08/01/2020	La Mancha Group	On market sale	\$10,090.781.81	2,594,098 ORD	2,594,098
109/01/2020	La Mancha Group	lOn market sale	\$1,083,993.23	278,411 ORD	278,411
10/01/2020	La Mancha Group	lOn market sale	\$6,488,702.58	1,629,754 ORD	1,629,754
13/01/2020	La Mancha Group	lOn market sale	\$47,874.75	12,435 ORD	12,435
17/01/2020	La Mancha Group	lOn market sale	\$2,692,125.19	703,934 ORD	703,934
20/01/2020	La Mancha Group	lOn market sale	\$1,555,080.81	400,505 ORD	400.505
21/01/2020	La Mancha Group	lOn market sale	\$5,260,881.05	1,348,287 ORD	1,348.287
22/01/2020	La Mancha Group	On market sale	\$3,218,731.37	831,907 ORD	831,907
23/01/2020	La Mancha Group	lOn market sale	\$8,175,449.97	2,097,022 ORD	2,097,022
24/01/2020	La Mancha Group	lOn market sale	\$6,415,984.36	1,652,582 ORD	1,652,582
28/01/2020	La Mancha Group	lOn market sale	\$772,722.04	203.006 ORD	203.006
29/01/2020	La Mancha Group	lOn market sale	\$3,492,862.01	925,801 ORD	925,801
30/01/2020	La Mancha Group	On market sale	\$10,186,721.23	2.635.292 ORD	2,635,292

Present relevant interests 4.

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

Holder of	Reaistered	Person entitled	Nature of	Class and	Person's votes
relevant	holder of	to be registered	relevant	number of
interest	securities	as holder (8)	interest (6)	securities

Citicorp Nominees Pty Citicorp Nominees La Mancha Pty Ltd as custodian Ltd as custodian for Group LMGI for LMGI	Pursuant to sections $608(1)(a)$ , $608(1)(b)$ , $608(1)(c)$ and $608(3)$ of the shares Corporations Act 2001 (Cth)	93,878,541 ordinary 93,878,541
------------------------------------------------------------------------------------------------------------------------------------	------------------------------------------------------------------------------------------------------------------------------	--------------------------------	--

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed 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)	Nature of association
N/A	____ w

6 Addresses

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

Name	Address
La Mancha Group	c/- La Mancha Holding S.à r.l., 31,33 Avenue Pasteur, L. 2311 Luxembourg, Grand Duchy of lLuxembourg
Citicorp Nominees Pty Ltd	Level 16, 120 Collins Street, Melbourne, Victoria 3000 Australia

Signature

	print name Karim-Michel Nasr	capacity	Director A
sign here		date	29/01/2020

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 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.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
• Include details of: $(6)$
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy $(a)$ 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
• 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 $(b)$ 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 on 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.

Annexure A

This is Annexure A of 6 pages referred to in Form 604 Notice of change of interests of substantial holder by La Mancha Group International B.V.

Signed:

Name: Capacity: Date:

Karim-Michel Nasr Director A 29/01/2020

Party/entity name	Country	ACN (if applicable)
Ms Yousriya Nassif Loza	Egypt
Marchmont Limited	Cayman Islands
Mocsaro Holdings S.à r.l.	Luxembourg
Oil Technology LLC	USA
Texegy LLC	USA
Texegy Operating Company LLC	USA
Texegy Royalty LLC	USA
New Egypt Investment Holdings S.à r.l.	Luxembourg
New Egypt Investment Fund BV	The Netherlands
Orascom TMT Investments S.à r.l.	Luxembourg
OTMT Malta Investments 1 Limited	Malta
OTMT Acquisition S.à r.l.	Luxembourg
OT Angola Holding S.ar.l.	Luxembourg
OTMT Acquisition II S.à r.l.	Luxembourg
OTMT Finance Investments Ltd	Malta
Tango SP 1 S.à r.l.	Luxembourg
Libero Acquisition S.à r.l.	Luxembourg
ITNet S.r.I.	Italy
Sunrise Investments S.p.A	Italy
Italiaonline S.p.A	Italy
MOQU ADV S.r.I	Italy

Party/entity name	Country	ACN (if applicable)
Consodata S.p.A.	Italy
Bizpal S.r.l.	Italy
Iol Gaming S.r.I.	Italy
Digital Local Services ROMA 2 S.r.l.	Italy
Digital Local Services MILANO 1 S.r.l.	Italy
Digital Local Services MILANO 3 S.r.l.	Italy
Digital Local Services BERGAMO 1 S.r.l.	Italy
Digital Local Services BRESCIA 2 S.r.l.	Italy
Digital Local Services VARESE 1 S.r.l.	Italy
Digital Local Services COMO 1 S.r.l.	Italy
Digital Local Services BOLZANO 1 S.r.l.	Italy
Digital Local Services SONDRIO LECCO 1 S.r.l.	Italy
Digital Local Services LOMBARDIA 2 S.r.l.	Italy
Digital Local Services SARDEGNA 1 S.r.l.	Italy
Digital Local Services FRIULI 1 S.r.I.	Italy
Digital Local Services VENETO 1 S.r.l.	Italy
Digital Local Services VENETO 3 S.r.I.	Italy
Digital Local Services VENETO 4 S.r.l.	Italy
Digital Local Services EMILIA 1 S.r.l.	Italy
Digital Local Services EMILIA 3 S.r.l.	Italy
Digital Local Services PIEMONTE 1 S.r.L.	Italy
Digital Local Services CUENO 1 S.r.l.	Italy
Digital Local Services LAZIO 1 S.r.l.	Italy
Digital Local Services LAZIO 2 S.r.l.	Italy
Digital Local Services SICILIA 1 S.r.l.	Italy
Digital Local Services SICILIA 3 S.r.l.	Italy
Digital Local Services SICILIA 4 S.r.l.	Italy
Digital Local Services SICILIA 6 S.r.l.	Italy
Digital Local Services TORINO 2 S.r.l.	Italy

$\tilde{\epsilon}$

Party/entity name	Country	ACN (if applicable)
Digital Local Services TORINO 3 S.r.l.	Italy
Digital Local Services PUGLIA 3 S.r.I.	Italy
Digital Local Services PUGLIA 4 S.r.l.	Italy
Digital Local Services CALABRIA 1 S.r.l.	Italy
Digital Local Services FIRENZE 2 S.r.l.	Italy
Digital Local Services FIRENZE 3 S.r.l.	Italy
Digital Local Services NAPOLI 1 S.r.l.	Italy
Digital Local Services ROMAGNA 1 S.r.l.	Italy
Digital Local Services TOSCANA 2 S.r.l.	Italy
Digital Local Services BOLOGNA 1 S.r.l.	Italy
Digital Local Services CAMPANIA 1 S.r.l.	Italy
Digital Local Services CAMPANIA 3 S.r.l.	Italy
Digital Local Services VERONA 1 S.r.l.	Italy
Digital Local Services TRENTO 1 S.r.l.	Italy
Digital Local Services LIGURIA 1 S.r.l.	Italy
Digital Local Services LIGURIA 2 S.r.l.	Italy
Digital Local Services GENOVA 1 S.r.l.	Italy
Digital Local Services UMBRIA 1 S.r.I.	Italy
Digital Local Services ADRIATICO 1 S.r.l.	Italy
Digital Local Services ADRIATICO 3 S.r.l.	Italy
ACDC Fund LP	Cayman Islands
ACDC Holdings S.à .r.l	Luxembourg
Supernap International SA	Luxembourg
Supernap Italia S.r.I.	Italy
Orascom Investment Holding SAE	Egypt
O Capital for Services & Contracting	Egypt
O Capital for Energy S.A.E.	Egypt
Trans World Associates (Pvt) Ltd	Pakistan
TES Media (Private) Limited	Pakistan

Party/entity name	Country	ACN (if applicable)
Trans World Enterprise Services (Private) Limited	Pakistan
Trans World Infrastructure Services (Private) Limited	Pakistan
CHEO Technology JV Company	DPKR
Orascom Telecom Ventures SAE	Egypt
Orascom Telecom Lebanon SAL	Lebanon
Oracap Holding Co.	Port Tawfic Free Zone I (Egypt)
Oracap Far East Limited	Malta
Oroskon Company Limited	DPKR
Beltone Financial Holding S.A.E.	Egypt
Beltone Assets Management S.A.E.	Egypt
Misr Beltone for management of funds administration	Egypt
Beltone Investment Banking S.A.E.	Egypt
Beltone Investment Holding - Free Zone S.A.E.	Egypt
Beltone for information Technology S.A.E.	Egypt
Beltone Market Maker S.A.E.	Egypt
Beltone Securities Holding S.A.E.	Egypt
Beltone Securities Brokerage S.A.E.	Egypt
Beltone Fixed Income S.A.E.	Egypt
International For Security Company - Libya	Libya
Beltone ETF EGX 30	Egypt
Beltone Administration Dawleya for Fund Administration Service	Egypt
New Frontier Securities LLC	USA
Beltone for real Estate	Egypt
Auerbach Grayson Company LLC	USD
Auerbach Grayson UK Itd	United Kingdom
Victoire Investment Holding Coöperatie U.A.	The Netherlands
Victoire Investment Co B.V.	The Netherlands

Party/entity name	Country	ACN (if applicable)
Inca RE 2 Imobiliàra e Participações Ltda	Brazil
Inca RE 9 Imobiliàra e Participações Ltda	Brazil
Inca RE 11 Imobiliàra e Participações Ltda	Brazil
Inca RE 13 Imobiliàra e Participações Ltda	Brazil
Inca RE 17 Imobiliàra e Participações Ltda	Brazil
Inca RE 18 Imobiliàra e Participações Ltda	Brazil
Inca RE 19 Imobiliàra e Participações Ltda	Brazil
Orascom Prisme Pyramids Entertainment S.A.E.	Egypt
Orascom Pyramids for Entertainment S.A.E.	Egypt
Orascom Pyramids for Touristic Establishment S.A.E.	Egypt
Stichting Administratiekantoor World Media Group	The Netherlands
Media Globe Networks S.A.	Luxembourg
Euronews SA	France
Euronews Sales UK Ltd	United Kingdom
Euronews Development SAS	France
Euronews MEPE	Greece
Euronews Hungary Kft	Hungary
Africanews Holding	Mauritius
Africanews SASU	Congo Brazaville
Euronews Sales Gmbh	Germany
Euronews Sales Sarl	France
Euronews Sales Singapore PTE Ltd	Singapore
Euronews Sales Brussels Sprl	Belgium
NEKKO M4EQUITY 1 SL	Spain
Media Vision Holding S.à r.l.	Luxembourg
Digital Smart System S.r.l.	Italy
La Mancha Holding S.à r.l.	Luxembourg
La Mancha Precious Metals SA	Luxembourg

Party/entity name	Country	ACN (if applicable)
La Mancha Group International B.V.	The Netherlands
La Mancha Kazakhstan Limited Liability Partnership	Kazakhstan
La Mancha Services UK Ltd	United Kingdom
La Mancha Africa S.à r.l.	Luxembourg
La Mancha Mali	Mali
La Mancha Amalco Holdings Pty Ltd	Australia	163 023 498
Minera Patagonia SA	Argentina
COMINOR SAS	France
La Mancha Sudanese Mining Co Ltd	Sudan
La Mancha Africa Holding Ltd	Malta
La Mancha Star Investments S.à r.l.	Luxembourg
March Capital Investment S.à r.l.	Luxembourg
One Dalton Investment (Malta) Limited	Malta
OTMT Malta Investments Monreith Ltd	Malta
OTMT Malta Investments FE Ltd	Malta
March Capital Holding S.à r.l.	Luxembourg
Riverbank SA	Luxembourg