PERPETUAL RESOURCES LIMITED — Major Shareholding Notification 2021

Aug 4, 2021

Form 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme Perpetual Resources Ltd (PEC) ACN/ARSN 154 516 533 1. Details of substantial holder (1) Name Regal Funds Management Pty Ltd (RFM) ACN/ARSN (if applicable) 107 576 821 The holder ceased to be a substantial holder on 3/08/2021 The previous notice was given to the company on 8/03/2021 The previous notice was dated 4/03/2021

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 of Person whose relevant Nature of change Consideration given in relation to Class (6) and number of Person's votes change interest changed (4) change(5) securities affected affected Refer annexure 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 follows:

Name and ACN/ARSN (if applicable) Nature of association NOT APPLICABLE 4. Addresses The addresses of persons named in this form are as follows: Name Address LEVEL 47 GATEWAY 1 MACQUARIE PLACE SYDNEY Kenny Ho NSW 2000 Signature print name Kenny Ho capacity Company Secretary sign here date 5/08/2021

4. Addresses

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

Annexure 1

Changes in relevant interests

			Consideration
			given in		Number of		Persons
		Nature of	relation to		securities	Class of	votes
Date	Person whose relevant interest changed	Change	change		affected	securities	affected
5/03/2021	Regal Funds Management	Sell	100200.00		1200000	Ordinary	1200000
22/03/2021	Regal Funds Management	Sell	6583.51		77453	Ordinary	77453
23/03/2021	Regal Funds Management	Sell	5955.79		68144	Ordinary	68144
25/03/2021	Regal Funds Management	Sell	2932.57		34060	Ordinary	34060
23/04/2021	Regal Funds Management	Sell	27264.00		284000	Ordinary	284000
27/04/2021	Regal Funds Management	Sell	5441.80		59800	Ordinary	59800
4/05/2021	Regal Funds Management	Sell	2471.67		27221	Ordinary	27221
7/05/2021	Regal Funds Management	Sell	3244.50		35000	Ordinary	35000
10/05/2021	Regal Funds Management	Buy	190219.72		1822028	Ordinary	1822028
10/05/2021	Regal Funds Management	Sell	210000.00		2000000	Ordinary	2000000
11/05/2021	Regal Funds Management	Sell	1885.75		19048	Ordinary	19048
24/05/2021	Regal Funds Management	Sell	22174.59		163771	Ordinary	163771
17/06/2021	Regal Funds Management	Sell	4830.92		43018	Ordinary	43018
22/06/2021	Regal Funds Management	Sell	60650.00		500000	Ordinary	500000
23/06/2021	Regal Funds Management	Sell	70032.01		566602	Ordinary	566602
24/06/2021	Regal Funds Management	Sell	19272.96		152960	Ordinary	152960
25/06/2021	Regal Funds Management	Sell	3288.10		26200	Ordinary	26200
28/06/2021	Regal Funds Management	Sell	12374.97		102188	Ordinary	102188
2/07/2021	Regal Funds Management	Sell	17730.48		133916	Ordinary	133916
6/07/2021	Regal Funds Management	Sell	56040.00		400000	Ordinary	400000
7/07/2021	Regal Funds Management	Buy	74499.99		517002	Ordinary	517002
15/07/2021	Regal Funds Management	Buy	21537.48		158831	Ordinary	158831
19/07/2021	Regal Funds Management	Sell	3502.10		25015	Ordinary	25015
20/07/2021	Regal Funds Management	Sell	71750.00		574000	Ordinary	574000
3/08/2021	Regal Funds Management	Holding diluted due to the issue of			15,400,000 shares on the 3rd of August, 2021.

Regal Funds Management Sell 0.00 0 Ordinary 0