PEEL MINING LIMITED — Major Shareholding Notification 2022

Mar 22, 2022

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/SchemeACN/ARSN		Peel Mining Limited (ASX:PEX)
1. Details of substantial holder (1)
Name	SEE ANNEXURE 1
ACN/ARSN (if applicable)	SEE ANNEXURE 1
The holder ceased to be a substantial holder on		21/03/2022
The previous notice was given to the company on		28/04/2021
The previous notice was dated		26/04/2021

2. 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 ofchange	Person whoserelevant interestchanged	Nature of change (4)	Consideration givenin relation to change(5)	Class (6) andnumber ofsecurities affected	Person's votesaffected
21/03/2022	See attachedAnnexure 1	Dilution ofownership dueto the issueof newordinaryshares inconnectionwith the SharePurchase Plan$(SPP)$ .	Not applicable	Notapplicable	See attachedAnnexure 1

3. 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 fo

Name and ACN/ARSN (if applicable)	Nature of association

4. Addresses

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

Name	Address
SEE ANNEXURE 1

Signature

print name	Reter Manley	capacity	COMPANY DIRECTOR
sign here		date_______والمستحقق	23/03/2022.---	$\cdots$
	Maria Maria Maria Maس	DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the $(1)$ 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.
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(2)$
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(3)$
• Include details of: $(4)$
  • any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) $(a)$ 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 $(b)$ 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.

• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was $(5)$ 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.
• The voting shares of a company constitute one class unless divided into separate classes. $(6)$
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(7)$

CEASING TO BE A SUBSTANTINAL SHAREHOLDER

$\frac{1}{2}$

ý,

ANNEXURE 1

STOCK: PEEL MINING LIMITED (ASX: PEX)

1. DETAILS OF SUBSTANTIAL HOLDER

yane	ACNIARSN	Nature of relevant interest
nent Pty LtdParadice Investment Manager	ABN 64090148619	Power to (or control) exercise vote and/or dispose of the securities asfunds, pooled superannuation trusts, managed investment schemesliscretionary investment managers or advisers of superannuationand investment management agreements.
David Paradice		Relevant interest under section 608(3)(a), where a person is taken toinvestment scheme, in which the person's voting power is over 20%have the same relevant interests as a body corporate, or managed

DETAILS OF RELEVANT INTERESTS

			Consideration given in	Class and number ofsecurities affected	Person's votes
Jate of change	nt interest changed Nature of changePerson whose relevar		relation to change	FPO	affected$-683.227$
$2 - Oct - 21$	See item 1 above	Share Sale	$157,142.21	-683,227
$-Mar-22$	See item 1 above	Share Purchase	-$1,000,000.08	5,555,556	0,555,556
		Total PurchasesTotal Sales	,000,000.08157,142.21	5,555,556683,227	5,555,556683,227

Total PurchasesTotal Sales

Total

4,872,329

4,872,329

-842,858

ADDRESSES

Vame	Address
	L27, Chilley Tower, 2 Chilley Square, Sydney
Paradice Investment Management Pty Ltd	NSW 2000
	C/- Lumina. Level 43, 25 Martin Place,
David Paradice	Sydney, NSW 2000

This is annexpice 1 of 1 pages referred to in form 605 Notice of Ceasing to be a Substantial Holder

$\frac{23/03/2022}{\mathsf{DATE}}$

COMPANY DIRECTORCAPACITY

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