LEFROY EXPLORATION LIMITED — Major Shareholding Notification 2020

Nov 16, 2020

Form 604 Corporations Act 2001

Section 671B

Notice of change of interest of substantial holder

To Company Name/Scheme Lefroy Exploration Limited ACN/ARSN 052 123 930

1. Details of substantial holder (1)

Name Michael Neil Macgregor Davies

There was a change in the interests of the substantial holder on: 30 /10/20 20

The previous notice was given to the company on: 14/10/2019 The previous notice was dated: 14/10/2019

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, to give a substantial holdings notice to the company or scheme are as follows:

Class of securities(4)	Previous notice	Previous notice	Present notice	Present notice
	Person’svotes	Votingpower (5)	Person’svotes	Votingpower (5)
Fully paid ordinary shares	13,982,654	13.91%	13,982,654	11.80%

3. Changes 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 ofchange	Personwhoserelevantinterestchanged	Nature of change(6)	Considerationgiven in relationto change (7)	Class andnumber ofsecuritiesaffected	Person’svotesaffected
30/10/20	MichaelDavies	Dilution due toplacement ofshares.	N/A – dilution ofshareholding	13,982,654fully paidordinaryshares	13,982,654

4. Present relevant interests

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

Holder ofrelevantinterest	Registeredholder ofsecurities	Person entitledto be registeredas holder (8)	Nature ofrelevantinterest (6)	Class andnumber ofsecurities	Person’svotes
MichaelDavies	MichaelDavies	Michael Davies	Registeredholder withrelevantinterest undersection	13,315,988ordinaryshares.	13,315,988

			608(1)(a) of
			the
			Corporations
			Act.
Michael	Lefroy	Lefroy	Registered	666,666	666,666
Davies	Exploration	Exploration Plan	holder with	ordinary
	Share Plan	Pty Ltd	relevant	shares.
	Pty Ltd		interest under
			section
			608(1)(b) of
			the
			Corporations
			Act.

5. Change in association

The persons who have become associates (2) of, ceased to be associate 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	N/A

6. Addresses

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

Name	Address
Michael Davies	Suite 4101, Level 41, Gateway
	1 Macquarie Place
	Sydney NSW 2000 Australia

Signature :

==> picture [95 x 50] intentionally omitted <==

_________________________________ Print name: Michael Davies Date: 17 November 2020