KAISER REEF LIMITED — Major Shareholding Notification 2021

Jan 26, 2021

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To Company Name/Scheme Kaiser Reef Ltd (KAU)

ACN/ARSN 635 910 271 1. Details of substantial holder (1)

Name Regal Funds Management Pty Ltd (RFM)

ACN/ARSN (if applicable) 107 576 821

The holder became a substantial holder on 20/01/2021

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	11,397,992	11,397,992	9.92%

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
REGAL FUNDS MANAGEMENT PTY LIMITED	REGAL FUNDS MANAGEMENT PTY LIMITED HAS A RELEVANT INTEREST IN ITS CAPACITY AS INVESTMENT MANAGER AND/OR TRUSTEE	11,397,992 ORDINARY

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 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
CREDIT SUISSE AG	CS THIRD NOMINEES PTY LIMITED	CREDIT SUISSE AG	HOLDER OF SHARES	11,397,992 ORDINARY	11,397,992

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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:
Class and number of
Holder of relevant interest Date of acquisition Consideration (9)
securities
See Annexure 1
6. Associates
The reasons the persons named in paragraph 3 above are associates of the substantial holder 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
LEVEL 47 GATEWAY 1 MACQUARIE PLACE SYDNEY NSW
PHILIP KING
2000
Signature
print name Kenny Ho capacity Company Secretary
sign here date 27/01/2021
Annexure 1
Consideration
Consideration Number of Persons
Person whose relevant interest Nature of given in relation to securities Class of votes
Date changed Change change affected securities affected
20/01/2021 Regal Funds Management Buy 558,397.50 1,861,325 Ordinary 1,861,325
2,861,000 shs in
20/01/2021 Regal Funds Management Buy Golden River 9,536,667 Ordinary 9,536,667
Resources Ltd
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