HAVILAH RESOURCES LIMITED — Major Shareholding Notification 2011

Oct 23, 2011

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme GEOTHERMAL RESOURCES LTD

ACN/ARSN ACN 115 281 144

1. Details of substantial holder(1)

Name HAVILAH RESOURCES NL

ACN/ARBN (if applicable) ACN 077 435 520

There was a change in the interests of the substantial holder on

The previous notice was given to the company on

The previous notice was dated

21/10/2011 21/10/2011

21/10/2011

Class of securities(4)	Previousnotice		Presentnotice
	Person’svotes	Voting power(5)	Person'svotes	Voting power(5)
Ordinary	24,140,169	67.30%	24,580,666	68.53%

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	Person whose	Nature of change	Consideration given in relation to	Class and	Person’s votes
change	relevant interest		change (7)	number of	affected
	changed			securities
21/10/2011	Havilah	Acquisition of	1 Havilah Resources NL	440,497	Havilah
	Resources	Geothermal	share for every 4 Geothermal	ordinary	Resources
	NL	Resources Ltd	Resources Ltd shares held	shares	NL
		shares pursuant to	by accepting Geothermal
		off-market takeover	Resources Ltd shareholders
		bid

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	Nature of relevant interest(6)	Class and	Person’s
relevant	holder of	to be registered		number of	votes
interest	securities	as holder(8)		securities
Havilah	Havilah	Havilah	Shareholder	24,580,666	68.53%
Resources NL	Resources NL	Resources NL		ordinary
				shares

• 2 -

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

6. Addresses

6. Addresses	6. Addresses
The addresses ofpersonsnamedinthisformare asfollows:
Name	Address
Havilah Resources NL	63 Conyngham Street, Glenside SA 5065

Signature

print name: Chris Giles Capacity Director sign here date 24 October 2011