KORAB RESOURCES LIMITED — Major Shareholding Notification 2014

Jan 6, 2014

Form 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

To Company Name / Scheme	KORAB RESOURCES LTD
ACN/ARSN
1. Details of substantial holder (1)
Name ACN/ARSN (if applicable)	BAKER STEEL CAPITAL MANAGERS LLP (CLIENTS OF AND ASSOCIATED OR CONNECTED PARTIES)
The holder ceased to be a substantial holder on The previous notice was given to the company on The previous notice was dated	$06$ -Jan-14 $10 - Dec - 13$ 10-Dec-13

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 compnay or scheme, since the substantial holder was last required to give a substantail 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
	06-Jan-14 Genus Dynamic Gold Fund	market sale	AUD 12,475	ordinary	500,000
	23-Dec-13 Genus Dynamic Gold Fund	market sale	AUD 14,346	lordinary	575,000
	20-Dec-13 Genus Dynamic Gold Fund	market sale	AUD 4,180	ordinary	167,567
	19-Dec-13 Genus Dynamic Gold Fund	market sale	AUD 7,670	ordinary	307,433
	18-Dec-13 Genus Dynamic Gold Fund	market sale	AUD 5,489	ordinary	220,000
	16-Dec-13 Genus Dynamic Gold Fund	market sale	AUD 1,946	lordinary	75,000

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 substantail holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association

4. Addresses

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

Name	Address
for all entities listed	c/o Baker Steel Capital Managers LLF
	Guermyn Street, London, SW1Y 6JD 186

ignature
	print name	Tino Isnardi	capacity	Head of Trading
	sign here	1. Srader	date	06-Jan-14

DIRECTIONS

(1) If there are a number of substantial holders with similar or related relevant interests (eg. 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:

(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 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.

(6) 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.