GEOPACIFIC RESOURCES LTD — Major Shareholding Notification 2017

Sep 3, 2017

604 page 1/2 15 July 2001

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme Kula Gold Limited ( Kula ) ACN/ARSN 126 741 259

1. Details of substantial holder(1)

Name Geopacific Resources Limited ( Geopacific ) ACN/ARSN (if applicable) 003 208 393 There was a change in the interests of the substantial holder on 01 / 09 / 17 The previous notice was given to the company on 01 / 09 / 17 The previous notice was dated 01 / 09 / 17

2. Previous and present voting power

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 ordinary shares	282,918,848	75.31%	286,967,990	76.39%

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 are as follows:

Date of	Person whose	Nature of change (6)	Consideration given in relation	Class and	Person’s votes
change	relevant interest		to change (7)	number of	affected
	changed			securities
				affected
		Acquisition of relevant
		interests in ordinary shares
		in Kula as a result of	1 fully paid ordinary share in
	Geopacific	acceptances of the takeover	Geopacific for every 1.1 fully	4,049,142 fully
01 / 09 / 17	Resources	offers made pursuant to	paid ordinary share in Kula,	paid ordinary	4,049,142
	Limited	Geopacific’s bidder’s	subject to the terms and	shares
		statement dated 1 May 2017	conditions of the Offer
		and any replacements or
		supplements to it(Offer).

4. Present relevant interests

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

Holder of	Registered	Person entitled to be	Nature of relevant interest (6)	Class and	Person’s votes
relevant	holder of	registered as holder (8)		number of
interest	securities			securities
			Relevant Interest was ss608(1) and/or
			608(8) of the Corporations Act
			pursuant to the acceptances of the
	Kula		Offer. The shares which are the subject
GeopacificResourcesLimited	shareholdersto whom theOffer wasmade and whohave accepted	Geopacific ResourcesLimited	of the acceptances have not yet beentransferred into the Geopacific name.The power of Geopacific ResourcesLimited to vote or dispose of the shares	286,967,990fully paidordinaryshares	286,967,990
	the Offer		that are the subject of the acceptances
			of the Offer is qualified as Geopacific is
			not presently registered as the holder
			ofthe shares.

604 page 2/2 15 July 2001

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 andACN/ARSN(ifapplicable)			Nature ofassociation
	N/A	N/A
	f persons named in this form are as follows:
	Name		Address
	Geopacific Resources Limited		Level 1, 278 Stirling Highway, Nedlands, Western Australia
	Kula Gold Limited		2/20	Howard Street, Perth, Western Australia

6. Addresses

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

Signature

Matthew Smith capacity Company Secretary print name

==> picture [108 x 25] intentionally omitted <==

sign here

date 04 / 09 / 17

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.

• (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 identify 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.