MATSA RESOURCES LIMITED — Major Shareholding Notification 2020

Sep 15, 2020

605 page 1/2 15 July 2001

Form 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

ToCompany Name/Scheme	MATSA RESOURCES LIMITED	MATSA RESOURCES LIMITED
ACN/ARSN	106 732 487
Details of substantial holder (1)
Name	PAUL POLI
ACN/ARSN (if applicable)
The holder ceased to be a
substantial holder on		10/09/2020
The previous notice was given to the	company on	30/11/2012
The previous notice was dated		30/11/2012

1. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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 (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person's votes affected
19/10/17	P Poli as trustee for P Poli Family Trust	On market purchase	$10,166.66	50,000 Ordinary fully paid shares	50,000
26/10/17	P Poli as trustee for P Poli Family Trust	On market purchase	$20,000	100,000 Ordinary fully paid shares	100,000
4/12/17	P Poli as trustee for P Poli Family Trust	Bonus share issue	Nil	1,075,000 Ordinary fully paid shares	1,075,000
17/09/2018	P Poli as trustee for P Poli Family Trust	On market purchase	$4,304.93	30,000 Ordinary fully paid shares	30,000
6/08/2020	P Poli as trustee for P Poli Family Trust	On market purchase	$14,500	100,000 Ordinary fully paid shares	100,000
10/09/2020	P Poli as trustee for P Poli Family Trust	Dilution as a result of capital raising	N/A	N/A	N/A

605 page 2/2 15 July 2001

2. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) 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

3. Addresses

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

Name	Address
P Poli as trustee for P Poli Family Trust	PO Box 386 Morley WA 6953
Paul & Sonya Poli ATF the P Poli Superannuation Fund	PO Box 386 Morley WA 6953

Signature

print name Paul Poli Capacity: Director sign here Date 15/09/2020

605 page 3/2 15 July 2001

DIRECTIONS

• (1) 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 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 4 of the form.

• (2) See the definition of "relevant interest" in sections 608 and 671B(7)of the Corporations Act 2001.

• (3) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (4) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection671B (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

• (b) 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 which the relevant interest relates(indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section9 of the Corporations Act 2001.

• (5) 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 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.

• (6) The voting shares of a company constitute one class unless divided into separate classes.

• (7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.