HASTINGS TECHNOLOGY METALS LTD — Major Shareholding Notification 2016

May 15, 2016

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme	HASTINGS RARE METALS LTD
ACN/ARSN	122 911 399
1. Details of substantial holder (1)
Name	Mun Kee Chang

ACN/ARSN (if applicable)

The holder became a substantial holder on 18/04/2016

2. Details of 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 on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
ORDINARY SHARES	40,028,296	40,028,296	8.45%

3. Details of relevant interests

The nature of the relevant interest of the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
MUN KEE CHANG	REGISTERED HOLDER	21,350,000
VOYAGER ASSETS LIMITED	BENEFICIAL HOLDING	18,678,296

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 2 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Class and number of securities
MUN KEE CHANG	MUN KEE CHANG	MUN KEE CHANG	21,350,000
MUN KEE CHANG	HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED	VOYAGER ASSETS LIMITED	18,678,296

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number of securities
		Cash	Non-cash
MUN KE CHANG	18/4/16	\$2,000,000		20,000,000
MUN KEE CHANG	6/5/16	\$4,050	$\blacksquare$	50,000
MUN KEE CHANG	9/5/16	\$117,000	$\overline{\phantom{0}}$	1,300,000

6. Associates

The reasons the persons named in paragraph 3 above are associated of the substantial shareholder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
NOT APPLICABLE

7. Addresses

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

Name	Address
HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED	GPO BOX 5302 SYDNEY NSW 2001
MUN KEE CHANG	3A TKT 19 BLOK 3 JLN BUKIT JAMBUL HILLCREST RESIDENCE 11900 BANYAN LEPAS MALAYSIA

Signature

print name	CHA4G Mun Kee			SUBSTANTIAL SHAREHOLDER capacity
sign here				date	9 May 2016
			DIRECTIONS

If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager $(1)$ 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 specificall of members is clearly set out in paragraph 7 of the form.

See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$

• $(3)$ 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 total number of votes attached to all voting shares in the company or voting interests in the scheme (if any) that the person or an associate has $(5)$ a relevant interest in.

The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(6)$

Include details of: $(7)$

• $(a)$ 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 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.

• $(8)$ 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".
• 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 m $(9)$ they are not paid directly to the person from whom the relevant interest was acquired.