LEFROY EXPLORATION LIMITED — Major Shareholding Notification 2021

Oct 13, 2021

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

Io Company Name/Scheme	LEFROY EXPLORATION LIMITED
ACN/ARSN	052 123 930
1. Details of substantial holder(1)
Name ACN/ARSN (if applicable)	NOONTIDE INVESTMENTS LTD 133 439 817
There was a change in the interests of the

substantial holder on	03/08/2021
The previous notice was given to the company on	04/02/2021
The previous notice was dated	29/01/2021

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)
FPO	13,121,881	10.93%	14,829,553	12.33%

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 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
	Refer "Annexure 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 rclevant interest	Registered holder of scourities	Person entitled to be registered as holder (8)	Nature of rolovant interest (6)	Class and number of scourities	Person's votes
	Refer "Annexure A"

5. Changes 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
IN/A

6. Addresses

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

Name	Address
INOONTIDE INVESTMENTS	LEVEL 9. 20 MARTIN PLACE SYDNEY NSW 2000.

Signature

print name	DAVID CROLL	capacity DIRECTOR
sign here		date 14/10/2021

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 $(1)$ 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 6 of the fom
• $(2)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• $(3)$ See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• $(5)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• Include details of: $(6)$
• $(a)$ 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
• 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 $\left( \mathsf{b}\right)$ 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.

• 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, becom'e $\left( 7\right)$ 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.
• $(3)$ If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".
• $(9)$ Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

Noontide Investments Ltd (ACN 133 438 817) Annexure A to Form 604 Notice of change of interests of substantial shareholder for Lefroy Exploration Ltd (ACN 052 123 930)

Changes In Relevant Intere-

./Of Change	Person v,hose,elevant Interest changed	Nst],re of Change	Consldeition ghen In relation 00 change	Cbss & Number of securities affected	Person. V'ills lecld
01/02/21	Noontlde Investments Ltd	On Market Buy	\$ 48,091.29	245,866 FPO	245,866
02/02/21	Noontlde Investments Ltd	On Market Buy	\$ 39,119.92	200,000 FPO	200,000
05/02/21	Noontidc Investrnants Ltd	On Market Buy	\$ 40,205.00	200,000 FPO	200,000
08/02/21	Noontidc Investments Ltd	On Markct Buy '	\$ 40,123.00	200,000 FPO	200,000
09/02/21	Noontide Investments Ltd	On Market Buy	\$ 7,456.86	37,170 FPO	37,170
10/02/21	Noontidc Investments Ltd	On Markct Buy	\$ 39,829.02	186,330 FPO	186,330
12/02/21	Noontide Investments Ltd	On Market Buy	\$ 5,411.16	26,315 FPO	26,315
15/02/21	Noontlde Investments Ltd	On Market Buy	\$ 2,204.55	10,721 FPO	10,721
16/02/21	Noontlde Investments Ltd	On Market Buy	\$ 2,665.79	12,964 FPO	12,964
18/02/21	Noontlde Investments Ltd	On Market Buy	\$ 10,532.29	50,000 FPO	50,000
22/02/21	Noontlde Investments Ltd	On Market Buy	\$ 9,843.17	49,065 FPO	49,065
23/02/21	Noontlde Investments Ltd	On Market Sale	\$ 198,93638	250,000 FPO	250,000
23/02/21	Noontidc Investments Ltd	On Markct Salc	\$ 39,777.31	50,000 FPO	50,000
24/02/21	Noontidc Investments Ltd	On Market'iLy	\$ 168,667.06	300,000 FPO	300,000
25/02/21	Noontidc Investments Ltd	On Markct Salc	\$ 72,048.85	100,000 FPO	100,000
25/02/21	Noontidc Investments Ltd	On Market Salc	\$ 183,364.42	300,000 FPO	300,000
25/02/21	Noontlde Investments Ltd	On Market Sale	\$ 133,850.48	200,000 FPO	200,000
03/03/21	Noontlde Investments Ltd	On Market Sale	\$ 34,494.33	51,751 FPO	51,751
04/03/21	Noontlde Investments Ltd	On Market Buy	\$ 49,064.81	82,962 FPO	82,962
08/08/21	Noontlde Investments Ltd	On Market Sale	\$ 4,349.46	6,817 FPO	6,817
08/03/21	Noontidc Investments Ltd	On Markct Buy	\$ 16,137.08	27,038 FPO	27,038
09/03nl	Noontide Investments Ltd	On Market Buy	\$ 10,074.38	18,950 FPO	18,950
10/03R1	Noontidc Investments Ltd	On Markct Salc	\$ 5 21.02	8,183 FPO	8,183
15/03/21	Noontidc Investments Ltd	On Markct Salc	\$ 45,990.64	75,000 FPO
18/03/21	Noontlde Investments Ltd	On Market Sale	\$ 45,362.58	75,000 FPO	75,000
29/08/21	Noontlde Investments Ltd	On Market Sale	\$ 43,803.89	35,000 FPO	35,000
29/03/21	Noontlde Investments Ltd	On Market Sale	\$ 43,800.40	35,000 FPO	35,000
06/04/21	Noontide Investments Ltd	On Market Sale	\$ 34,992.07	25,000 FPO	25,000
06/04R1	Noontidc Investments Ltd	On Markct Salc	\$ 34,992.07	25,000 FPO	25,000
07/04/21	Noontidc Investments Ltd	On Market Salc	\$ 33,552.16	25,000 FPO	25,000
08/04/21	Noontlde Investments Ltd	On Market Sale	\$ 66,104.47	50,000 FPO	50,000
16/04/21	Noontlde Investments Ltd	On Market Buy	\$ 36,193.13	28,154 FPO	28,154
19/04/21	Noontlde Investments Ltd	On Market Buy	\$ 2,425.69	1,846 FPO
21/04/21	NoontIde Investments Ltd	On Market Sale	\$ 48,179.70	37,301 FPO	37,301

22/04/21	Noontide Investments Ltd	On Market Sale	\$.	48,757.54	37,699 FPO	37,699
23/04/21	Noontide Investments Ltd	On Market Buy	\$.	18,807.66	15,000 FPO	15,000
26/04/21	Noontide Investments Ltd	On Market Buy	s	6,068.60	5.000 FPO	5.000
28/04/21	Noontide Investments Ltd	On Market Sale	\$	61,234.56	50,000 FPO	50,000
29/04/21	Noontide Investments Ltd	On Market Buy	\$	26,957.45	30,000 FPO	30,000
18/05/21	Noontide Investments Ltd	On Market Sale	S	96.055.18	100,000 FPO	100,000
18/05/21	Noontide Investments Ltd	On Market Sale	\$.	51.335.55	50,000 FPO	50,000
25/05/21	Noontide Investments Ltd	On Market Sale	S.	57,449.05	50,000 FPO	50,000
04/06/21	Noontide Investments Ltd	On Market Sale	Ś.	119,414.85	100.000 FPO	100.000
02/08/21	Noontide Investments Ltd	On Market Sale	S.	955.80	1,534 FPO	1.534
03/08/21	Noontide Investments Ltd	On Market Buy	S	18,205.81	30,000 FPO	30,000

Present relevant interests.

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder	Nature of relevant interest	Class and Number securities/Persons Vote
Noontide Investments Ltd	JP Morgan Nominees Australia Ltd	JP Morgan Nominees Australia _td	Power to control, exercise vote, and/or dispose of securities as discretionary manager of managed investment schemes	14,829,553 FPO

This Is Annexure A referred to In Form 604 Notice of change of Interests of substantial shareholder for Lefroy Exploration Ltd lodged by Noontide Investments Ltd

$\mathscr{G}^{\mathcal{U}}$

David Croll Director Noontide Investments Ltd