PERSEUS MINING LIMITED — Major Shareholding Notification 2016

Jul 14, 2016

Form 604

Corporations Law Section 671B

Notice of change of interests of substantial holder

To Company
Name/Scheme	Perseus MiningLimited
ACN/ARBN	106 808 986

1. Details of substantial holder (1)

Name	Franklin Resources, Inc. and its affiliates
ACN (if applicable)	N/A
There was a change in the interests ofthe substantial holder onThe previous notice was given to thecompany on	13 July 201625April 2016
The previous notice was dated	25April 2016

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a 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'svotes	Voting Power (5)
Ordinary Shares	44,370,000	5.44%	65,222,700	6.49%*

*Based on shares outstanding of 1,005,418,919

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an association 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 ofchange (6)	Considerationgiven in relationto change(7)	Class andnumber ofsecuritiesaffected	Person's votesaffected
SeeAnnexure B,item 1	See Annexure B, item2	SeeAnnexureB, item 3	See Annexure B,item 4	See AnnexureB, item 5	See Annexure B,item 6

4. Present relevant interests

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

Holder ofrelevant interest	Registeredholder ofsecurities	Person entitledto be registeredas holder (8)	Nature ofrelevantinterest (6)	Class andnumber ofsecurities	Person's votes
See Annexure B,item 7	See AnnexureB, item 9	See AnnexureB, item 12	See AnnexureB, item 3	See AnnexureB, item 8, 10 &13	See AnnexureB, item 8

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

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

6. Addresses

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

Name	Address
See Annexure A	See Annexure A

Signature

printname	Lori A. Weber	Capacity: Assistant Secretary,Franklin Resources, Inc.
sign here		date 14 July2016

Name	Address
BALANCED EQUITY MANAGEMENTPTY. LIMITED	Level 19, 101 Collins Street, Melbourne, Victoria3000, Australia
C&EE GENERAL PARTNER LIMITED	1133 Connecticut Avenue, NW, Suite 400,Washington, DC, 20036, United States,
sha –HANA INFRASTRUCTURE FUNDMANAGEMENT CO., LTD	18th Floor, SKC Building 23-10, Youido-Dong,Youngdungpo-Gu, Seoul, S. Korea 150-734
DARBY ADMINISTRACAO DEINVESTIMENTOS LTDA.	Av. Brigadeiro de Faria Lima, 3311, 5th floor, suite502 – part C, Itaim Bibi, postal code 04538-133,City of São Paulo, State of São Paulo – Brazil
DARBY ASIA FOUNDER PARTNER, L.P.	M&C Corporate Services Limited, P.O. Box309GT,Ugland House, South Church Street, GeorgeTown, Grand Cayman, Cayman Islands
DARBY ASIA INVESTORS (HK), LTD.	Suite 911-919, Jardine House, 1 Connaught Place,Central, Hong Kong
DARBY ASIA INVESTORS, LTD.	Unit 1607-1608, 16th Floor, Charter House,8 Connaught Road, Central, Hong Kong
DARBY ASIA INVESTORS (INDIA)PRIVATE LIMITED	Sakhar Bhavan, 1st Floor, 230 BackbayReclamation Nariman Point, Mumbai 400-021,India
DARBY ASIA MEZZANINE FUND IIMANAGEMENT CO., LTD.	M&C Corporate Services Limited, PO Box309GT, Ugland House, South Church Street,George Town, Grand Cayman, KY1-1104, CaymanIslands
DARBY ASIA OPPORTUNITIES FUND IIIGP, L.P.	Maples Corporate Services Limited, P.O. Box 309,Ugland House, Grand Cayman, KY1-1104,Cayman Islands
DARBY ASIA OPPORTUNITIES FUND IIIMANAGEMENT CO., LTD.	Maples Corporate Services Limited, P.O. Box 309,Ugland House, Grand Cayman, KY1-1104,Cayman Islands
DARBY BRAZIL MEZZANINEMANAGEMENT, LLC	1133 Connecticut Ave., NW, Suite 400Washington, DC 20036
DARBY COLPATRIA CAPITAL SAS	1133 Connecticut Ave., NW, Suite 400Washington, DC 20036
DARBY CONVERGING EUROPE FUND IIIMANAGEMENT	15, Rue Edward Steichen, L-2540 Luxembourg,Grand Duchy of Luxembourg
DARBY CONVERGING EUROPEFOUNDER PARTNER, L.P.	1133 Connecticut Ave., NW, Suite 400Washington, DC 20036
DARBY EMERGING MARKETSINVESTMENTS, LTD.	c/o Corporation Service Company,2711 Centerville Road, Suite 400, Wilmington,Delaware 19808
DARBY EUROPE MEZZANINEMANAGEMENT	PO Box 309GT, Ugland House, South ChurchStreet,George Town, Grand Cayman, CaymanIslands
DARBY HOLDINGS, INC.	1133 Connecticut Ave., NW, Suite 400Washington, DC 20036
DARBY LATIN AMERICAN INVESTORS,LTD.	P.O. Box 309GT, Ugland House, South ChurchStreet, Georgetown, Grand Cayman, CaymanIslands
DARBY LATIN AMERICAN MEZZANINEINVESTMENTS	Rua Jeronimo Da Veiga 45 – 4th Floor04536-000 Sao Paulo (Sp) Brazil
DARBY LATIN AMERICAN MEZZANINE	2711 Centerville Road, Suite 400, Wilmington,
MANAGEMENT II, LLCDARBY MEXICO PRIVATE EQUITY,	Delaware 19808Avenida Paseo de la Reforma 342, Colonia Juarez,
S.A.P.I. DE C.V.DARBY OVERSEAS INVESTMENTS, LTD.	Mexico City, CP. 06600, Mexico1133 Connecticut Ave., NW, Suite 400Washington, DC 20036

DARBY OVERSEAS PARTNERS, L.P.	1133 Connecticut Ave., NW, Suite 400
	Washington, DC 20036
DK CONSULTING LTD.	20th Floor, Korea First Bank Building, 100
	Gongpyungdong, Jongno-Gu, Seoul, 110-702Korea.
DARBY-PROBANCO INVESTORS, LLC	1133 Connecticut Avenue, NW, Suite 400,
	Washington, DC 20036
DLAMF II SPECIAL COMPANY, LLC	Corporation Service Company, 2711 CentervilleRoad, Suite 400, Wilmington, Delaware 19808
FIDUCIARY INTERNATIONAL HOLDING,	1717 Pennsylvania Avenue N.W., Suite 630
INC.	Washington DC 20006
FIDUCIARY INTERNATIONAL, INC.	600 5th Avenue, New York, New York 10020
FIDUCIARY INVESTMENT	600 5th Avenue, New York, New York 10020
CORPORATION
FIDUCIARY INVESTMENT	1133 Connecticut Avenue, NW, Suite 330,
MANAGEMENT INTERNATIONAL, INC.Fiduciary Trust (International) Sàrl	Washington D.C. 2003616 rue de la Pélisserie, 1204, Geneva, Switzerland
FIDUCIARY TRUST COMPANYINTERNATIONAL	600 5th Avenue, New York, New York 10020
FIDUCIARY TRUST COMPANY OF	350 Seventh Avenue SW, Suite 3000, Calgary,
CANADA	Alberta, T2P 3N9
FIDUCIARY TRUST INTERNATIONAL	Cannon Place, 78 Cannon Street, London, EC4N
LIMITED	6HL, England
FIDUCIARY TRUST INTERNATIONAL OF	One Franklin Parkway, Building 910, First Floor,
CALIFORNIA	San Mateo, California 94403
FIDUCIARY TRUST INTERNATIONAL OF	1220 North Market Street, Wilmington, Delaware
DELAWARE	19801
FIDUCIARY TRUST INTERNATIONAL OFTHE SOUTH	2 Alhambra Plaza, PH-1, Coral Gables, FL 33134,U.S.A.
FRANKLIN ADVISERS, INC.	One Franklin Parkway, Building 910, First Floor,
	San Mateo, California 94403
FRANKLIN ADVISERS GP, LLC	One Franklin Parkway, Building 910, First Floor,
	San Mateo, California 94403
FRANKLIN ADVISORY SERVICES, LLC	55 Challenger Road, Suite 501, Ridgefield Park,
FRANKLIN ALTERNATIVE STRATEGIES	NJ, 07660The Corporation Trust Company, 1209 Orange
ADVISERS GP, LLC	Street, Wilmington, New Castle County, DE,
	19801, United States
FRANKLIN ALTERNATIVE STRATEGIES	The Corporation Trust Company, 1209 Orange
ADVISERS, LLC	Street, Wilmington, New Castle County, DE, 19801
FRANKLIN CAPITAL CORPORATION	47 West 200 South, Salt Lake City, UT 84104-1621
FRANKLIN INVESTMENT ADVISORY	1133 Connecticut Ave., NW, Suite 400
SERVICES, LLC	Washington, DC 20036
FRANKLIN MUTUAL ADVISERS, LLC	101 John F. Kennedy Parkway, Short Hills, NJ
	07028-2789
FRANKLIN TEMPLETON ASSET	Indiabulls Finance Centre, Tower 2, 12th and 13th
MANAGEMENT (INDIA) PRIVATE	Floor, Senapati Bapat Marg, Elphinstone (West),
LIMITED	Mumbai, Mumbai City, Maharashtra-MH, 400013,
	IndiaSuite 1005, 10th Floor, Wisma Hamzah-Kwong
FRANKLIN TEMPLETON ASSETMANAGEMENT (MALAYSIA) SDN.BHD.	Hing No. 1, Leboh Ampang, 50100, Kuala Lampur,
	Malaysia
Franklin Templeton Asset Management	Avenida Paseo de la Reforma 342, Colonia Juarez,
Mexico, S.A. de C.V., Sociedad Operadora de	Mexico City, CP. 06600, Mexico
Fondos de Inversion
FRANKLIN TEMPLETON AUSTRIA GMBH	Universitätsring 10, 4th Floor, Vienna, Austria,
FRANKLIN TEMPLETON CAPITAL	10101st Floor, Empire Tower, 26-28 Ham Nghi District
HOLDINGS PRIVATE LIMITED	1, Ho Chi Minh City, Vietnam

FRANKLIN TEMPLETON COMPANIES,	One Franklin Parkway, Building 910, First Floor,
LLCFRANKLIN TEMPLETON FINANCIAL	San Mateo, California 94403600 Fifth Avenue, New York, NY 10020
SERVICES CORP.
FRANKLIN TEMPLETON FRANCE S.A.	16-18 Avenue George V, 75008 Paris, France
FRANKLIN TEMPLETON FUNDMANAGEMENT LIMITED	Toronto Square, Infirmary Street, Leeds, LS1 2HJ,England
FRANKLIN TEMPLETON GLOBAL	5 Morrison Street, Edinburgh, Scotland, EH3 8BH,
INVESTORS LIMITED	Scotland
FRANKLIN TEMPLETON GSC ASSETMANAGEMENT SDN.BHD	Suite 31-02, 31st Floor, Menara Keck Seng, 203Jalan Bukit Bintang, 55100, Kuala Lumpur,Malaysia
FRANKLIN TEMPLETON HOLDINGLIMITED	C/O Pricewaterhouse Coopers LLPCathedral Square, Port Louis, Mauritius
FRANKLIN TEMPLETONINSTITUTIONAL, LLC	600 5th Avenue, New York, New York 10020
FRANKLIN TEMPLETON INSTITUTIONALGP, LLC	1133 Connecticut Ave., NW, Suite 400Washington, DC 20036
FRANKLIN TEMPLETON	Franklin Templeton Park, 18-23, Financial District,
INTERNATIONAL SERVICES (INDIA)PRIVATE LIMITED	Nanakramguda,Hyderabad - 500019India
FRANKLIN TEMPLETONINTERNATIONAL SERVICES S.à r.l.	8A, rue Albert Borschette, L-1246, Luxembourg
FRANKLIN TEMPLETON	Rua Jerônimo Da Veiga, 45 - 4º Andar
INVESTIMENTOS (BRASIL) LTDA.	São Paulo-Sp, 04536-000, Brasil
FRANKLIN TEMPLETON INVESTMENTSPOLAND SP Z.O.O.	Rondo ONZ 1, 00-124 Warszawa
FRANKLIN TEMPLETON INVESTMENTMANAGEMENT GMBH	St. Helier Jersey, Channel Islands
FRANKLIN TEMPLETON INVESTMENT	Cannon Place, 78 Cannon Street, London, EC4N
MANAGEMENT LIMITED	6HL, England
FRANKLIN TEMPLETON INVESTMENTSERVICES GMBH	Mainzer Landstr. 16, D-60325 Frankfurt-Am-Main,Germany
FRANKLIN TEMPLETON INVESTMENTSERVICES MEXICO S DE R.L.	Avenida Paseo de la Reforma 342, Colonia Juarez,Mexico City, CP. 06600, Mexico
FRANKLIN TEMPLETON INVESTMENTTRUST MANAGEMENT CO., LTD.	3rd Floor, CCMM Building,101 Yeouigongwon-ro,Yeongdeungpo-gu, Seoul, 07241, Republic ofKorea
FRANKLIN TEMPLETON INVESTMENTS(ASIA) LIMITED	17th Floor, Chater House, 8 Connaught RoadCentral, Hong Kong
FRANKLIN TEMPLETON INVESTMENTS	Level 19, 101 Collins Street, Melbourne, Victoria
AUSTRALIA LIMITEDFRANKLIN TEMPLETON INVESTMENTS	3000, Australia5000 Yonge Street Suite 900, Toronto, Ontario
CORP.	M2N 0A7, Canada
FRANKLIN TEMPLETON INVESTMENTSJAPAN LIMITED	1-9-10 Roppongi, Minato-ku, Tokyo, Japan
FRANKLIN TEMPLETON INVESTMENTS(ME) LIMITED	Level 7, Gate Precinct Building 3, Unit 5, DubaiInternational Financial Centre, Sheikh Zayed Road,Dubai, UAE
FRANKLIN TEMPLETON INVESTMENTSSOUTH AFRICA (PTY) LTD	First Floor Kildare House, The Oval 1 OakdaleRoad, Newlands, Cape Town, 7700, South Africa
FRANKLIN TEMPLETON INVESTORSERVICES, LLC	10600 White Rock Road, Rancho Cordova, Ca95670-6032
FRANKLIN TEMPLETON ITALIA SIMS.P.A.	C.So Italia, N.1, 20122 Milano, Italy
FRANKLIN TEMPLETON LUXEMBOURGS.A.	8A, rue Albert Borschette, L-1246, Luxembourg
FRANKLIN TEMPLETON	Bank Center, Citibank Tower, Szabadsag ter 7,
MAGYARORSZAG KFT	1054 Budapest, Hungary
FRANKLIN TEMPLETON MANAGEMENTLUXEMBOURG SA	8A, rue Albert Borschette, L-1246, Luxembourg

FRANKLIN TEMPLETON PORTFOLIOADVISORS, INC.	One Franklin Parkway, Building 910, First Floor,San Mateo, California 94403
FRANKLIN TEMPLETON REAL ESTATEADVISORS GP, LLC	600 Fifth Avenue, New York, New York, 10020,United States
FRANKLIN TEMPLETON REAL ESTATE	600 Fifth Avenue, New York, New York, 10020,
GROUP CARRY, L.P.FRANKLIN TEMPLETON SERVICES(INDIA) PRIVATE LIMITED	United StatesIndiabulls Finance Centre, Tower 2, 13th Floor,Senapati Bapat Marg, Elphinstone (West), Mumbai,400013, India
FRANKLIN TEMPLETON SERVICES, LLC	One Franklin Parkway, San Mateo, CA 94403
Franklin Templeton Servicios de AsesoriaMexico, S. de R.L. de C.V.	Avenida Paseo de la Reforma 342, Colonia Juarez,Mexico City, CP. 06600, Mexico
FRANKLIN TEMPLETON SLOVAKIA,S.R.O.	Karadžičova 8/A, 821 08 Bratislava, SlovakRepublic
FRANKLIN TEMPLETON STRATEGICINVESTMENTS LTD.	P.O. Box 309GT, Ugland House, South ChurchStreet, George Town, Grand Cayman, CaymanIslands.
FRANKLIN TEMPLETON SWITZERLANDLTD	Bahnhofstrasse 22, Ch-8022 Zurich, Switzerland
FRANKLIN TEMPLETON TRUSTEE	Sakhar Bhavan, 1st Floor, 230 Backbay
SERVICES PRIVATE LIMITED	Reclamation, Nariman Point, Mumbai 400-021India
FRANKLIN/TEMPLETON DISTRIBUTORS,INC.	One Franklin Parkway, San Mateo, CA 94403
FRANKLIN/TEMPLETON TRAVEL, INC.	One Franklin Parkway, Building 910, First Floor,San Mateo, California 94403
FT OPPORTUNISTIC DISTRESSED FUNDLTD	Maples Corporate Services Limited, PO Box 309,Ugland House, Grand Cayman, KY1-1104,Cayman Islands.
FTC INVESTOR SERVICES INC.	350 Seventh Avenue SW, Suite 3000, Calgary,Alberta, T2P 3N9
FTCI (CAYMAN) LTD.	11 Dr. Roy's Drive, Grand Cayman, CaymanIslands
FTI South Africa	First Floor Kildare House, The Oval 1 OakdaleRoad, Newlands, Cape Town, 7700, South Africa
ITI CAPITAL MARKETS LIMITED	Century Centre, 75 Ttk Road, Chennai, India600018
LSIMC, LLC	One Franklin Parkway, Building 910, First Floor,San Mateo, California 94403
MUTUAL RECOVERY FUND, LTD.	P.O. Box 309GT, Ugland House, George Town,Grand Cayman, Cayman Islands, KY1-1104.
K2 Advisors Holdings, LLC	300 Atlantic Street, 12th Floor, Stamford, CT,06901, United States
K2 Advisors LLC	300 Atlantic Street, 12th Floor, Stamford, CT,06901, United States
K2/D&S Management Co., L.L.C.	300 Atlantic Street, 12th Floor, Stamford, CT,06901, United States
K2 Advisors Japan Ltd.	Ark Hills Sengokuyama Mori Tower, 1-9-10Roppongi, 40th Floor, Minato-ku, Tokyo 106-0032
K2/Highland Management Co., L.L.C.	300 Atlantic Street, 12th Floor, Stamford, CT,06901, United States
RIVA FINANCIAL SYSTEMS LIMITED	Old Chapel, Union Mills, Main RoadBraddan, Isle Of ManIm4 4ad
TEMPLETON ASSET MANAGEMENT(LABUAN) LIMITED	Tiara Labuan, Jalan Tanjung Batu, 87000 F.T.Labuan, Malaysia
TEMPLETON ASSET MANAGEMENT(POLAND) TFI S.A.	Rondo 1, 26th Floor, Rondo ONZ 1, Warsaw, 00-124, Poland
TEMPLETON ASSET MANAGEMENT LTD.	7 Temasek Boulevard, #38-03 Suntec Tower One,
Templeton Asset Management Limited	Singapore, 038987Montes Urales, No. 770-401, Lomas de
Mexico, S. de R.L. de C.V.	Chapultepec, Ciudad de México, D.F.,Mexico,11000
TEMPLETON CHINA RESEARCH LIMITED	17/F, Charter House, 8 Connaught Road

	Central, Hong Kong
TEMPLETON DO BRASIL LTDA.	Rua Lauro Muller 116, Sala 2404, Rio De Janeiro,
	RJ, Brazil
TEMPLETON FRANKLIN GLOBAL	Appleby, Spurling & Kempe, 41 Cedar House
DISTRIBUTORS, LTD.	Avenue, P.O. Box Hm 1179, Hamilton Hm Ex,
	Bermuda
TEMPLETON GLOBAL ADVISORS	P.O. Box N-7759, Lyford Cay, Nassau, Bahamas
LIMITED
TEMPLETON GLOBAL HOLDINGS LTD.	P.O. Box N-7759, Lyford Cay, Nassau, Bahamas
TEMPLETON INTERNATIONAL, INC.	One Franklin Parkway, San Mateo, CA 94403
TEMPLETON INVESTMENT COUNSEL,	300 S.E. 2nd Street, Fort Lauderdale, FL 33301
LLC
TEMPLETON RESTRUCTURED	300 S.E. 2nd Street, Fort Lauderdale, FL 33301
INVESTMENTS, L.L.C.
TEMPLETON RESTRUCTURED	300 S.E. 2nd Street, Fort Lauderdale, FL 33301
INVESTMENTS III, LTD.
TEMPLETON RESTRUCTURED	The offices of Mourant Ozannes Corporate Services
INVESTMENTS IV, LTD.	(Cayman) Limited, 94 Solaris Avenue, Camana
	Bay, P.O. Box 1348, Grand Cayman, KY1-1108,
	Cayman Islands
TEMPLETON WORLDWIDE, INC.	One Franklin Parkway, San Mateo, CA 94403
TEMPLETON/FRANKLIN INVESTMENT	26515 Carmel Rancho Blvd., Carmel, CA 93923
SERVICES, INC.
TSEMF III (JERSEY) LIMITED	Elian Corporate Services (Jersey) Limited, 44
	Esplanade, St Helier, Jersey, JE4 9WG, Jersey
	(Channel Islands)
TSEMF IV (JERSEY) LIMITED	Elian Corporate Services (Jersey) Limited, 44
	Esplanade, St Helier, Jersey, JE4 9WG, Jersey
	(Channel Islands)

This is the annexure of 5 pages marked Annexure A signed by me and dated 14 July 2016.

...........................................................................

Lori A. Weber, Assistant Secretary Franklin Resources, Inc.

Annexure B Details of Entitlement and Relevant Interests

1. Date ofChange	2. Person Whose RelevantInterest Changed	3. Nature of Change	4. Considerationin AUD$	5. Class andNumber ofSecuritiesaffected/Ordinary	6. Personsvotes effected
4/29/2016	Franklin Advisers, Inc.	Acquisition	163,440	300,000	300,000
5/17/2016	Franklin Advisers, Inc.	Acquisition	89,895	150,000	150,000
5/19/2016	Franklin Advisers, Inc.	Acquisition	140,398	250,000	250,000
5/25/2016	Franklin Advisers, Inc.	Acquisition	97,000	200,000	200,000
6/23/2016	Franklin Advisers, Inc.	Shares acquired perentitlement offer	9,226,350	18,452,700	18,452,700
7/11/2016	Franklin Advisers, Inc.	Acquisition	168,827	250,000	250,000
7/12/2016	Franklin Advisers, Inc.	Acquisition	398,186	594,742	594,742
7/13/2016	Franklin Advisers, Inc.	Acquisition	419,412	655,258	655,258

7. Holder of Relevant Interest	8. Person's votes
Franklin Advisers, Inc.	65,222,700	votes

9.	Registered Holder of Securities	10.Class and Number ofShares		11.Person's votes
	National Australia Bank Limited	53,256,800	Ordinary	53,256,800	votes
	JPMorgan Chase Bank, N.A.	11,965,900	Ordinary	11,965,900	votes

This is the annexure of 1 page marked Annexure B referred to in the Form 604: Notice of change in interests or entitlements of substantial shareholder signed by me and dated 14 July 2016.

..............................................…….................. Lori A. Weber, Assistant Secretary Franklin Resources, Inc.