LCL RESOURCES LIMITED — Major Shareholding Notification 2016

Jun 22, 2016

Form 603 Corporations Act 2001

Notice of initial substantial holder

To Company Name/Scheme	Malminco Limited (Metminco)
ACN/ARSN	119 759 349
1. Details of substantial holder (1) Name
ACN/ARSN (If applicable)	RMB Australia Holdings Limiled (RMB) and each company listed in Annexure A (RMB Group Companies) RMB: ACN 003 201 214
The holder became a substantial holder on	20/06/2016

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)	Voling power (6)
lOrdinarv ـــــــــــــــــــــــــــــــــــــــ	100,000,000	1400.000.000	$110.31\%$ (based on 3,879,053,547 ordinary shares (on issue)

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
RMB	Relevant interest under section 608(1)(a) of the Corporations Act as registered inolder of the shares	400,000,000 ordinary shares
Each RMB Group Company	Relevant interest under section 608(3)(a) and/or section 608(3)(b) of the Corporations Act as a relevant interest heid through a body corporate (RMB) in which the voting power of the relevant RMB Group Company is more than 20% or which the relevant RMB Group Company controls	400,000,000 ordinary shares

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	Regislered holder of	Person entitted to be	Class and number
interest	securilies	registered as holder (8)
			of securities
RMB RMB and each Group [Company	IRMB	IRMB Wallen	400,000,000 ordinary Ishares

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:

Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number of securities
		Cash	Non-cash
RMB and each RM8 Group Company	50,000,000 on 29 March 2016 350,000,000 on 20 June 2016	Part consideration for the sale by RMB of Minera Seafield SAS to Metminco		400,000,000 ordinary Ishares

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)	Natura of association
RMB and each RMB Group Company	The companies are all associates of each other by virtue of section 12(2)(a) of the Corporations Act as they are related bodies corporate of each other

7. Addresses

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

Name	Address
RMB and each RMB Group Company	c/- Level 15, 60 Castlereagh Street, Sydney, NSW 2000

Slanature

	. . print name Gregory Gay	capacity	Olrector, RMB
sign here		dale	23/06/2016

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 $(1)$ 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 7 of the form.

• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• The voling 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 associate has a $(5)$ 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 $(a)$ document selling 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, logether 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 influence the exercise of, the voting powers or disposal of the $(b)$ 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.

• If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest erises because of an option) write "unknown." $(8)$
• Details of the consideration must include any and all benefits, moneys and other, that any person from whom a relevant interest was acquired has, or $(9)$ 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 conlingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in retation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$

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Annexure A to 603

ANNEXURE "A" - RMB GROUP COMPANIES

This is Annexure "A" of 1 page referred to in the Form 603 (Notice of Initial Substantial Holder), signed by me and dated 23 June 2016 (Form 603).

Director, RMB Australia Holdings Limited

The following companies are the RMB Group Companies referred to in the Form 603:

• FirstRand Investment Holdings (Ptv) Limited $\approx$
• RMB Australia Limited $\mathbf{v}$
• $\blacktriangleright$ RMB Resources Limited
• RMB Resources Capital Management Pty Limited $\blacktriangleright$
• $\blacktriangleright$ RMB Resources Inc.
• $\blacktriangleright$ FNB Securities (Ptv) Limited
• First National Nominees (Pty) Ltd $\blacktriangleright$
• $\blacktriangleright$ FirstRand International Limited
• RMB Investments And Advisory (Pty) Ltd $\blacktriangleright$
• $\blacktriangleright$ Instant Access Holdings Pty Limited
• $\mathbf{\tilde{z}}$ Ausreo Holdings Pty Limited $\blacktriangleright$ FirstRand Bank Limited
• $\blacktriangleright$ FirstRand Limited
• $\blacktriangleright$ FirstRand EMA Holdings Limited
• $\blacktriangleright$ Ashburton Investments Holdings Limited

• FirstRand Insurance Holdings (Pty) Limited

• Jun. 2016 10:40 No. 4271 P. 4