LCL RESOURCES LIMITED — Major Shareholding Notification 2020

Feb 12, 2020

Facsimile

RMB Australia Holdings Pty Limited

Suite 15, Level 14, 309 Kent Street, Sydney NSW 2000 Australia GPO Box 202 Sydney, NSW 2001 Australia Facsimile +61 2 9994 8008 www.rmb.com.au

A member of the FirstRand Group ACN 003 201 214

Tο	ASX Company Announcements
Fax No	1300 135 638
From	Gregory Gay - RMB Australia Holdings
Fax No	02 9994 8008	Tel No 32 9994 8002
Date	13 February 2020	Pages (including this one) $1 + 3$

Please find attached a Form 604 from RMB Australia Holdings Limited in respect of its holding in Los Cerros Limited.

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Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To: Company Name/Scheme	Los Cerros Limited
ARBN	119 759 349
Details of substantial holder (1) 1.
Name	RMB Australia Holdings Pty Limited (RMB) and each company listed in Annexure A (RMB Group Companies)
ACN/ARSN (if applicable)	RMB: ACN 003 201 214
There was a change in the interest of the
Substantial holder on	13 February 2020
previous notice was given to the company on-	3 September 2019
The previous notice was dated.	3 September 2019

2. Previous and present 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 when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice			Present Notice
	Person's votes	Voting power $(5)$ Person's votes		Voting power (5)
Ordinary shares	25,200,000 (post consolidation)	15.1%	25,200,000 (post consolidation)	13.79%

3. Change in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate 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 (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
13 February 2020 __	RMB and each RMB Group Company	Dilution due to issue of placement shares	N/A	N/A	N/A

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as a holder (8)	Nature of relevant interests (6)	Class and number of securities	Person's votes
RMB and each RMB Group Company	RMB ---------	RMB	Relevant interest under $s608(1)$ of Corporations Act	25,200,000 ordinary shares	25.200.000

5. Change in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

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

6. Addresses

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

Name	Address
RMB and each RMB Group Company	C/- Suite 15, Level 14 309 Kent Street SYDNEY NSW 2000

Signature

Print name	0.05604 $\epsilon$ n -	Capacity	IMECTOR
$\blacksquare$ Sign here	$\mathbf{r}$	Date	$13/2$ 2020

ANNEXURE'A'-RMBGROUP OOMpANIES

This Is Annexure W of page ¹ referred to In the Form 604 (Notice of changeof Interests of subs:Bntial holder), signed by me and dated 13 11(Wle (Form 604).

01, Pty Umlted

The follow/Ir companies are the RMB Group Companies referred to In the Form 604:

• FIrstRand Investment Holdhgs (Pty) Umlted ,
• RM ^B Australia Pty Umlted
• RMB Resources Pty Umlted
• RMB Resources Capital Management Pty Urnlted
• a FNB Securities (Pty) Umited
• 6 FIrst National Nominees (Pty) Ltd
• FletRand International Umlted
• RMB Investmerrt3 and Advbofy (Pty) Umlted
• FkstRand Bank Umlted
• Ftsmand Limited
• ArstRand EMA Holdings Umited
• Ashburton Investments Holdings Umited
• FIrstRand Insurance Holdings (Pty) Umlted
• FIrstRand Investment Management Holdings (Pty) Umlted