ILUKA RESOURCES LIMITED — Major Shareholding Notification 2013

Nov 21, 2013

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme	liuka Resources Ltd.
ACNIARSN	008 675 018
1. Details of substantial holder (1)
Name ACNIARSN (if applicable)	RS Global Natural Resources Fund

The holder became a substantial holder on

$19/11/13$

2. Details of voling power

The total number of voles attached to all the voling shares in the company or voling interests in the scheme that the substantial holder or an associale (2) had a relevant
interest (3) in on the date the substantial holder

Class of securities (4)	Number of securities	Person's voles (5)	/oling power (6)
_____		.	_________
Ordinary Shares _______	∠1,225,846	1.225.646 ባላ	どのつ -3.V. ------- ----------

$\overline{a}$

3. Details of relevant interests

The nature of the relevant interest 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
RS Global Natural Resources Fund	Power to exercise control over yoting rights attached to the securities and power to control the exercise of a power to dispose of the securities.	21.225.646

4. Details of present registered holders

The persons registered as holders of the securities referred to In paragraph 3 above are as follows:

Holder of relevant	Realstered holder of	Parson entitled to be	Class and number
interest	securities	registered as holder (8)	of securities
_________	HSBC Custody Nominees	HSBC Custady Naminees	21.225.646
RS Global Natural Resources Fund	(Australia) Umiled	(Australia) Limited

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: $\sim$ h

Holder of relevant interest	Date of acquisition	Consideration	Class and number of securities
RS Global Natural Resources Fund	25-Jul-13	-1,086.679	$-103,889$
RS Global Natural Resources Fund	25 Jul 13	$-590.540$	$-56,457$
RS Global Natural Rosources Fund	26-Jul-13	$-17.344$	$-1.644$
RS Global Natural Resources Fund	$1 - A + 13$	-440.163	$-43,111$
RS Global Natural Resources Fund	2-Aug-13	-547 412	$-52.788$
RS Global Natural Resources Fund	$2 - A u q - 13$	$-4.606,004$	-444.174
RS Global Natural Resources Fund	$5 - Aug - 13$	$-1.795.623$	$-173.826$
RS Global Natural Resources Fund	5-Aug-13	$-337.308$	$-32.661$

RE-Global Natural Resources Fund	5-Aug-13	$-153,163$	$-14,827$
RS Global Natural Resources Fund	6-Aug 13	-799,908	-76,473
RS Global Natural Resources Fund	$6 - \frac{13}{2}$	-897,243	$-05,779$
RS Global Natural Resources Fund	8-Aug-13	-3,394,364	-324,509
RS Global Natural Resources Fund	7-Aug-13	795,113	$-77,572$
RS Global Natural Resources Fund	B-Aug-13	$-2,350,357$	-228,199
RS Global Natural Resources Fund	9-Aug-13	$-1,716,316$	$-162,993$
RS Global Natural Resources Fund	12-Aug-13	$-1,032,043$	-96,004
RS Global Natural Resources Fund	12-Aug-13	-369,703	-34,391
RS Global Natural Resources Fund	12 Aug 13	-1,551,289	-144,038
RS Global Natural Resources Fund	13-Aug-13	$-1,412,889$	$-132,293$
RS Global Natural Resources Fund	13-Aug-13	-999,726	-93,258
	14 Aug-13	-69,272	$-6,420$
RS Global Natural Resources Fund	14-Aug-13	-22,454	-2,081
RS Global Natural Resources Fund	14-Aug-13	-388,928	-36,045
RS Global Natural Resources Fund	14 Aug-13	-468,674	-44,340
RS Global Natural Resources Fund	14-Aug-13	-580,082	$-54,880$
RS Global Natural Resources Fund	15 Aug 13	$-105,811$	$-9,954$
RS Global Natural Resources Fund	23-Aug-13	$-315,767$	-79,432
RS Global Natural Resources Fund	21-Oct-13	384,478	39,001
RS Global Natural Resources Fund	25-Oct-13	94,822	9,667
RS Global Natural Resources Fund	8-Nov-13	684,268	72,486
RS Global Natural Resources Fund	11-Nov-13	3,092,255	331,787
RS Global Natural Resources Fund	12-Nov-13	1,839,444	199.074
RS Global Natural Resources Fund	12-Nov-13	426,688	46 250
RS Global Natural Resources Fund	13-Nov-13	1,692,656	185.802
RS Global Natural Resources Fund	13-Nov-13	908,745	99.534
RS Global Natural Resources Fund	13-Nov-13	1,501,350	165,895
RS Global Natural Resources Fund	14-Nov-13	11,408,035	1.249,511
RS Global Natural Reseurces Fund	15-Nov-13	2,480,948	266,772
RS Global Natural Resources Fund	18-Nov-13	2,082,444	231,898
RS Global Natural Resources Fund	18-Nov-13	4,908.666	546.622
RS Global Natural Resources Fund	18-Nov-13	611 433	90,866
RS Global Natural Resources Fund	18-Nov-13	693.009	66,258
RS Global Natural Resources Fund	19-Nov-13	2,203,041	231,699
RS Global Natural Resources Fund		1,575,284	165,645
RS Global Natural Resources Fund	19-Nav-13	1.571.971	165,645
RS Global Natural Resources Fund	19-Nov-13	1,257,539	132,512
RS Global Natural Resources Fund	19-Nov-13

Please note that the trades shown in bold in the above table are dispositions of shares.

$\mathcal{L}^{\mathcal{L}}$

6. Associates

$\frac{1}{2\pi}$ .

$\bar{q}$

The reasons the persons named in paragraph 3 above are associates of the substential holder are as follows:

Name and ACN/ARSN (if applicable)	Malure of association
Not applicable

7. Addresses

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

Name	Address
RS Investment Management Co. LLC -----	One Bush Street, Suite 900 1 San Francisco, CA 94104 USA

Signature

orint name	Nina Gupla	capacity	Secretary
sign here	$\sqrt{10}$ .	date