MINREX RESOURCES LIMITED — Major Shareholding Notification 2019

Oct 28, 2019

Form603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme	Minrex Resources Limited
ACN/ARSN	151 185 867
1. Details of substantial holder (1) Name
ACN/ARSN (if applicable)	Alvin Blumenthal, Suburban Holdings Pty Ltd ACN 106 824 471, Franklin International Holdings Pty Ltd ACN 619 698 716
The holder became a substantial holder on	26/02/2018
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 subst anti iolder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

. Classof securities(4)	Number of securities	Person's votes (5)
Fully paid ordinary	11,498,532	11,498,532	Voting power (6) 12.41%

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 of relevant interest
	Nature of relevant interest (7)	Class and number of securities
Suburban Holdings Pty Ltd	Direct	3,315,198 fully paid ordinary
Franklin International Holdings Pty Ltd	Direct	8,183,334 fully paid ordinary

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	Registered holder of	Person entitled to be	Class and number
interest	securities	registered as holder (8)	of securities
Suburban Holdings Pty Ltd	Suburban Holdings Pty Ltd	Suburban Holdings Pty Ltd	3,315,198 FPO
Franklin International	Franklin International	Franklin International	8,183,334 FPO
Holdings Pty Ltd	Holdings Pty Ltd	Holdings Pty Ltd

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

Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number of securities
Refer attached Annexure "A"		Cash	Non-cash

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)	Nature of association
Alvin Blumenthal Suburban Holdings Pty Ltd Franklin International Holdings Pty Ltd	Associates under section $12(2)(a)(iii)$ of the Corporations Act as body corporates that are controlled by Alvin Blumenthal

7. Addresses

The addresses of persons named in this formare as follows:

Name	Address
Alvin Blumenthal Suburban Holdings Pty Ltd Franklin International Holdings Pty Ltd	Level 12,167 Macquarie Street, Sydney NSW 2000

	Signature		Alvin Blumenthal	Director
		print name		capacity
		sign here		date $29/1012019$
			DIRECTIONS
Ø				If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related porations, 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 agroup of persons are essentially similar, they may be referred to throughout the formas a specifically namedgroup if themembership of each group, with the names and addresses of members isclearly set out in paragraph 7 of the
₽			See the definition of "associate" in section 9 of the Corporations Act 2001.
Ø			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.
Б				The total number of votes attached to all the voting shares in the companyor voting interests in the scheme (if any) that the person or an associate has a relevant
∲			The person's votes divided by the total votes in the body corporate or schememultiplied by 100.
Ţ		Includedetailsof:
	à		this form, together with a written statement certifying this contract, scheme or arrangement; and	any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applics py 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
	Þ			any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the varg weasor 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 section 9 of the Corporations Act 2001.
Þ			If the substantial holder is unable to determine the identity of the nomen (eq. if the

• If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises becausenfoption) write "unknown".
• Details of the considerationmust include any and all benefits, money and other, that any person from whoma relevant interest was acquired has, or may, become
  entitled to receive in relation to that acquisition. Detailsmust $\pmb{\varrho}$

ANNEXURE A

Minrex Resources Ltd (ACN 151 185 867)

This is Annexure A of 1 page referred to in Form 603 (Notice of initial substantial holder)

Holder of relevant interest	Date of acquisition	Details	we can bob protice of initial substantial holder) Consideration		Class and number of securities
Suburban Holdings Pty Ltd			Cash	Non- cash
Suburban Holdings Pty Ltd Suburban Holdings Pty Ltd Suburban Holdings Pty Ltd		17/08/2017 Shares issued 17/10/2017 Shares issued 30/11/2017 On market purchase 18/01/2018 On market sale	\$132,347.60 \$38,412.30 \$21,137.50 \$25,187.50		2,646,952 shares 768,246 shares 150,000 shares 250,000 shares
Franklin International Holdings Pty Ltd	26/02/2018	Shares issued	\$982,000.00		8,183,334 shares