GEOPACIFIC RESOURCES LTD — Major Shareholding Notification 2021

May 2, 2021

Form 604 Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder To: Company Name/Scheme GEOPACIFIC RESOURCES LIMITED ACN/ARSN 003 208 393 1. Details of substantial holder (1) Sparta AG, Hamburg, Germany Name Deutsche Balaton Aktiengesellschaft, Heidelberg, Germany VV Beteiligungen Aktiengesellschaft, Heidelberg, Germany DELPHI Unternehmensberatung Aktiengesellschaft, Heidelberg, Germany Wilhelm K.T. Zours, Heidelberg, Germany ACN/ARSN (if applicable) There was a change in the interests of the 29 $\prime$ $04$ $21$ $\overline{1}$ substantial holder on $17$ $\overline{I}$ $02$ $21$ The previous notice was given to the company on $\overline{1}$ $17$ $\prime$ $02$ $21$ The previous notice was dated $\mathbf{I}$

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 of scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Fully paid ordinary shares	77.418.482	15.10%	83.616.588	16.30%

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 as follows:

Date of change	Person whose	Nature of	Consideration given	Class and number of	Person's votes
	relevant interest changed	change (6)	in relation to	securities affected	affected
			change (7)
17 February 2021	Sparta AG	On-market purchases	\$0.3900 per share	ordinary shares,	30,000
				30,000
18 February 2021	Sparta AG	On-market purchases	\$0.3950 per share	ordinary shares,	25.000
				25,000
19 February 2021		On-market purchases	\$0.3843 per share		86 568
	Sparta AG			ordinary shares,
				86.568
22 February 2021	Sparta AG	On-market purchases	\$0.3673 per share	ordinary shares,	113,432
				113.432
24 February 2021	Sparta AG	On-market purchases	\$0.3860 per share	ordinary shares.	50.000
				50,000
25 February 2021	Sparta AG	On-market purchases	\$0.3874 per share	ordinary shares,	49 265
				49.265
26 February 2021		On-market purchases	\$0.3750 per share		50.000
	Sparta AG			ordinary shares,
				50,000
02 March 2021	Sparta AG	On-market purchases	\$0.3467 per share	ordinary shares.	75,000
				75,000

03 March 2021	Sparta AG	On-market purchases	\$0.3506 per share	ordinary shares, 250,000	250,000
04 March 2021	Sparta AG	On-market purchases	\$0.3442 per share	ordinary shares, 150,000	150,000
05 March 2021	Sparta AG	On-market purchases	\$0.3330 per share	ordinary shares, 200,000	200,000
08 March 2021	Sparta AG	On-market purchases	\$0.3471 per share	ordinary shares, 42,505	42,505
09 March 2021	Sparta AG	On-market purchases	\$0.3336 per share	ordinary shares, 232.495	232.495
10 March 2021	Sparta AG	On-market purchases	\$0.3442 per share	ordinary shares, 30.000	30,000
11 March 2021	Sparta AG	On-market purchases	\$0.3361 per share	ordinary shares. 206.734	206,734
12 March 2021	Sparta AG	On-market purchases	\$0.3331 per share	ordinary shares, 213,266	213,266
15 March 2021	Sparta AG	On-market purchases	\$0.3388 per share	ordinary shares, 40.000	40,000
16 March 2021	Sparta AG	On-market purchases	\$0.3485 per share	ordinary shares, 198,538	198,538
17 March 2021	Sparta AG	On-market purchases	\$0.3477 per share	ordinary shares, 259,464	259,464
18 March.2021	Sparta AG	On-market purchases	\$0.3489 per share	ordinary shares, 101,998	101,998
19 March 2021	Sparta AG	On-market purchases	\$0.3482 per share	ordinary shares, 200,000	200,000
22 March 2021	Sparta AG	On-market purchases	\$0.3347 per share	ordinary shares, 150,000	150,000
23 March 2021	Sparta AG	On-market purchases	\$0.3332 per share	ordinary shares, 148,768	148,768
24 March 2021	Sparta AG	On-market purchases	\$0.3400 per share	ordinary shares, 1,232	1,232
25 March 2021	Sparta AG	On-market purchases	\$0.3236 per share	ordinary shares, 155,940	155,940
26 March 2021	Sparta AG	On-market purchases	\$0.3100 per share	ordinary shares, 3,370	3,370
29 March 2021	Sparta AG	On-market purchases	\$0.3343 per share	ordinary shares, 130.444	130,444
30 March 2021	Sparta AG	On-market purchases	\$0.3058 per share	ordinary shares. 159,087	159,087
31 March 2021	DELPHI Unternehmensberatung Aktiengesellschaft	On-market purchases	\$0.2925 per share	ordinary shares, 100,000	100,000
31 March 2021	Sparta AG	On-market purchases	\$0.2869 per share	ordinary shares, 151,159	151,159
01 April 2021	Sparta AG	On-market purchases	\$0.2959 per share	ordinary shares, 234,374	234,374
06 April 2021	Sparta AG	On-market purchases	\$0.3200 per share	ordinary shares, 7,010	7,010
07 April 2021	Sparta AG	On-market purchases	\$0.3300 per share	ordinary shares. 56,084	56,084
08 April 2021	Sparta AG	On-market purchases	\$0.3300 per share	ordinary shares, 22,669	22,669
20 April 2021	Sparta AG	On-market purchases	\$0.3300 per share	ordinary shares, 79,863	79,863
21 April 2021	Sparta AG	On-market purchases	\$0.3270 per share	ordinary shares, 193,841	193,841
29 April 2021	Sparta AG	Off-market purchases	\$0.3550 per share	ordinary shares, 2,000,000	2,000,000

4. Present relevant interest

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

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
Sparta AG	Sparta AG		Registered Holder	Ordinary Shares, 19,547,868	19,547,868
Deutsche Balaton Aktiengesellschaft	Sparta AG, Deutsche Balaton Aktiengesellschaft		Registered Holder, Major Shareholder of Sparta AG	Ordinary Shares, 31,452,630	31,452,630
VV Beteiligungen Aktiengesellschaft	Sparta AG, Deutsche Balaton Aktiengesellschaft		Major Shareholder of Deutsche Balaton Aktiengesellschaft	Ordinary Shares, 31,452,630	31,452,630
DEL PHI Unternehmensberatung Aktiengesellschaft	Sparta AG, Deutsche Balaton Aktiengesellschaft, DELPHI Unternehmensberatung Aktiengesellschaft		Registered Holder, Holding Company of VV Beteiligungen Aktiengesellschaft	Ordinary Shares, 83,616,588	83,616,588
Wilhelm K.T. Zours	Sparta AG, Deutsche Balaton Aktiengesellschaft, DELPHI Unternehmensberatung Aktiengesellschaft		Major Shareholder of DELPHI Unternehmensberatung Aktiengesellschaft	Ordinary Shares, 83.616.588	83.616.588

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 fo

Name and ACN/ARSN (if applicable)	Nature of association

6. Addresses

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

Name	Address
Sparta AG	Ziegelhaeuser Landstrasse 1, 69120 Heidelberg, Germany
Deutsche Balaton Aktiengesellschaft	Ziegelhaeuser Landstrasse 1, 69120 Heidelberg, Germany
VV Beteiligungen Aktiengesellschaft	Ziegelhaeuser Landstrasse 1, 69120 Heidelberg, Germany
DELPHI Unternehmensberatung Aktiengesellschaft	Ziegelhaeuser Landstrasse 1, 69120 Heidelberg, Germany
Wilhelm K.T. Zours	69120 Heidelberg, Germany

Signature	print name	Alexander Link	capacity		Member Management Board
	sign here		date	30	04	21

DIRECTIONS

• $(1)$ If there are a number of substantial holders with similar or related relevant issues (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:
• any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out $(a)$ 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, 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 in unable to determine the identity of the person (eq. 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.