KGL RESOURCES LIMITED — Major Shareholding Notification 2013

Sep 29, 2013

NESTOR INVESTMENT MANAGEMENT S.A. LUXEMBOURG

Facsimile Transmission

3 pages (incl. cover-page)

Fax number: +61 7 3071 9008 KGL RESOURCES LIMITED Level 9 40 Creek Street BRISBANE, QLD AUSTRALIA

Enrico Perrino Fondscompliance +352 42 44 91 513 Phone: Telefax: +352 26 43 17 202

Luxembourg, 27.09.2013

and

Fax number: +61 2 9347 0005 ASX Company Announcements Office

Form 605 – Notice of ceasing to be a substantial holder

Dear Sirs.

please find attached Form 605 Notice of ceasing to be a substantial holder of the following company for release to the market:

KGL RESOURCES LIMITED

(ASX: KGL)

Best regards,

${\bf (n}$ yestment Management S.A.

605 page 1 of 2

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme	KGL Resources Ltd. (ASX: KGL)
ACN / ARSN
1. Details of substantial holder (1)
Name	NESTOR Investment Management S.A. on behalf of NESTOR Australien Fonds and NESTOR Gold Fonds (an UCI under the Laws of the Grand Duchy of Luxembourg)
ACN / ARSN (if applicable)
The holder ceased to be a substantial holder on	23/09/2013
The previous notice was given to the company on	28/08/2013
The previous notice was dated	28/08/2013

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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 change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person's votes affected
	NESTOR Investment Management S.A. on behalf of NESTOR Australien Fonds and NESTOR Gold Fonds	increase of issued shares pursuant to a share purchase plan and a placement	n/a	Ordinary Shares Fully Paid	n/a

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) 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 _____
	-----
	. . --------

4. Addresses

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

Name	Address
NESTOR Investment Management S.A. on behalf of NESTOR Australien Fondsand NESTOR Gold Fonds	2. Place Francois-Joseph Dargent L-1413 Luxembourg Grand Duchy of Luxembourg
ABORA BALOR

page 2 of 2 605

Signature

DIRECTIONS

• $(1)$ If there are a number of substantial holders with similar or related relevant interests (e.g. 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 4 of the form.
• $(2)$ See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• $(3)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• $(4)$ Include details of:
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection (a) 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 statement certifying this contract, scheme or 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.

• $(5)$ 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.
• $(5)$ The voting shares of a company constitute one class unless divided into separate classes.
• $(7)$ Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.