NORTHERN STAR RESOURCES LTD — Major Shareholding Notification 2012

Feb 23, 2012

FACSIMILE TRANSMISSION

• COMPANY SECRETARY To: NORTHERN STAR RESOURCES LTD
• Fax: 9227 8178

Date: 23 FEBRUARY 2012

Copy: AUSTRALIAN SECURITIES EXCHANGE 1300 135 638

Pages: 5 (incl. Cover sheet)

NOTICE OF CHANGE OF INTERESTS OF SUBSTANTIAL SHAREHOLDER Re: NOTICE OF CEASING TO BE A SUBSTANTIAL HOLDER

Please find attached notice of change of interests of substantial shareholder and notice of ceasing to be a substantial holder in Northern Star Resources Ltd

Yours sincerely

Michael Fotios Director

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme NORTHERN STAR RESOURCES LTD ACN/ARSN 092 832 892 1. Details of substantial holder (1) Name INVESTMET LIMITED ACN/ARSN (if applicable) 125 585 935 There was a change in the interests of the substantial holder on The previous notice was given to the company on 25 AUGUST 2011 The previous notice was dated 26 AUGUST 2011

Previous and present voting power $\overline{2}$

The total number of votes attached to all voting shares in the company or voting interests in the scheme that the substantial holder or an associate ⁽²⁾ had 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)
FULLY PAID ORDINARY SHARES	65.536.900	18.86%	40,035,900	11.37%

Changes in relevant interests $\mathbf{3}$

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
21 FEBRUARY 2012	INVESTMET LTD	SALE OF FULLY PAID ORDINARY SHARES	\$22,230,000	24,700.000	24,700,000
22 FEBRUARY 2012	INVESTMET LTD	SALE OF FULLY PAID ORDINARY SHARES	\$720,900	601.CDD	801,000

$\ddot{\mathbf{4}}$ . Present relevant interests

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

Holder of relevant	Registered holder of	Person entitled to be	Nature of relevant	Class and number	Person's votes
interest	securities	registered as holder (8)	interest	of securities
INVESTMET limited	INVESTMET LIMITED	INVESTMET LIMITED	DIRECT SHAREHOLDING	40.035.900 FULLY PAID ORD. SHARES	40.035.900

Changes in association 5.,

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (5) with, the substantial holder in relation to voting interest in the company or scheme are as follows:

Name and ACN/ARN (if applicable)	Nature of association
	NOT APPLICABLE

Addresses 6.

Name	Address
INVESTMET LIMITED	24 MUMFORD PLACE, BALCATTA, WA 6021

Signature

Print name MICHAEL FOTIOS

Sign here

capacity DIRECTOR

date 23 FEBRUARY 2012

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 $(1)$ 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 6 of the form.
• $(2)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• See the definition of 'relevant interest' in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• $(5)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $(6)$ Include details of:
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy $(a)$ 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 $(b)$ 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.

• 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, $(7)$ 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.
• 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". $(3)$
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$