Lachlan Star Limited — Major Shareholding Notification 2007

Oct 16, 2007

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Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To Company Name/Scheme	TOODYAY RESOURCES LIMITED
ACN/ARSN	000 759 535
1. Details of substantial holder (1) Name	CITRAEN PTY LTD
ACN/ARSN (If applicable)	006 972 907
The holder became a substantial holder on	15/10/07

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Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
ORDINARY	51, 539, 171	51, 539, 171	7.15%

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: ้า

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities 51,489,171
DECLAN FRANZMANN	I SALE OF SHARES IN ORD INVESTMENTS PTY LTD
DECLAN FRANZMANN	ON MARKET PURCHASE	50.000

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	Registered holder of securities	Person entitled to be registered as holder $(8)$	Class and number of securities
interest DECLAN FRANZMANN	CITRAEN PTY LTD	-	51, 539, 711

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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: $\overline{a}$ ougher of securities

Holder of relevant	Date of acquisition	Consideration (9)		CISSS SUG Untilher or secondings
interest		Cash	Non-cash
DECLAN FRANZMANN	15/10/07		SALE OF SHARES IN ORD INVESTMENTS PTY LTD	ORDINARY 51, 489, 171

17/10 2007 09:11 FAX 01065223816

			ORDINARY $50,000$
DECLAN FRANZMANN	21/9/07	91,100

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
CITRAEN PTY LTD / ACN 006 DIRECTOR 972 907

7. Addresses

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

Name	Address
CITRAEN PTY LTD	11 JAME STREET, ARANA HILLS, QLD 4054
DECLAN FRANZMANN	'11 JANE STREET, ARANA HILLS, QLD 4054

Signature
print name	DECLAN FRANZMANN	capacity	DIRECTOR
sign here	$\eta$ and Wanmann	date	17/10/07
	BARBATALIA

DIRECTIONS

• 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 ann $(1)$ persons are essentially similar, they may be referred to innovant 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 7 of the form.
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an $(5)$ associate has a relevant interest in.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(6)$
• Include details of: $(7)$
• any relevant agreement or other circumstances by which the relevant interest was acquired. 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 $(a)$ contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• any qualification of the power of a person to exercise, control the exercise of, or infinence 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). $(b)$

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write $(6)$ "unknown".
• 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 $(9)$ 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.