PERSEUS MINING LIMITED — Major Shareholding Notification 2023

Apr 11, 2023

603 page 1/2

15 July 2001

Form 603 Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme ACN/ARSN 1. Details of substantial holder (1) Name ACN/ARSN (if applicable) The holder became a substantial holder on	Perseus Mining Limited 106 808 986 Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those
	listed in Annexure A)
	N/A
	5 April 2023

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 substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person’s votes (5)	Voting power (6)
Ordinary	68,448,661	68,448,661	5.004%

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 are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Vanguard Group	Vanguard Group is the manager of various Mutual funds and accounts and in that capacity has the power to dispose of the shares. The other members of Vanguard Group have a relevant interest under section 608(3) of the Corporations Act.	Ordinary – 68,448,661

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 interest	Registered holder of securities	Person entitled to be registered as holder (8)	Class and number of securities
Vanguard Group	Brown Brothers Harriman	Various funds and other accounts of Vanguard Group	Ordinary – 735,319
Vanguard Group	BNY Mellon	Various funds and other accounts of Vanguard Group	Ordinary – 6,779,550
Vanguard Group	JP Morgan Chase Bank, N.A.	Various funds and other accounts of Vanguard Group	Ordinary – 49,309,158
Vanguard Group	State Street Bank and Trust Company	Various funds and other accounts of Vanguard Group	Ordinary – 11,624,634

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 substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)	Class and number of securities
See Annexure A

603 page 2/2

15 July 2001

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
N/A	N/A

7. Addresses

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

Name Address Vanguard Group P.O. Box 2600, V26 Valley Forge, PA 19482 USA print name Shawn Acker capacity Compliance Manager sign here date 11 April 2023

	DIRECTIONS
(1)	If there are a number of substantial holders with similar or related interests (eg. a corporation and its related corporations, 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 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 7 of the form.
(2)	See the definition of “associate” in section 9 of the Corporations Act 2001.
(3)	See the definition of “relevant interest” in sections 608 and 671B(7) of the Corporations Act 2001.
(4)	The voting shares of a company constitute one class unless divided into separate classes.
(5)	The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person
	or an
	Associate has a relevant interest in.
(6)	The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.
(7)	Include details of:
	(a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) 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
	(b) 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
	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.
(8)	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”.
(9)	Details of the consideration must include any and all benefits, moneys and other, that any person from whom a relevant interest has
	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 of its associate in relation to the
	acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

Annexure A

To Company ACN/ARSN Substantial Holder Name ACN/ARSN	Perseus MiningLimited	Perseus MiningLimited	Perseus MiningLimited	Perseus MiningLimited	Perseus MiningLimited	Perseus MiningLimited
	106 808 986
	Vanguard Group
	N/A
Date of change	Person whose relevant interest changed	Nature of Change(6)	Consideration given in relation to change(7)	Class	Number of securities affected	Person's votes affected
8-Dec-2022	The Vanguard Group,Inc.	BUY	2.29	Ordinary	6,579	6,579
9-Dec-2022	The Vanguard Group,Inc.	BUY	2.22	Ordinary	6,579	6,579
13-Dec-2022	The Vanguard Group,Inc.	BUY	2.17	Ordinary	13,158	13,158
16-Dec-2022	The Vanguard Group,Inc.	BUY	2.13	Ordinary	41,682	41,682
16-Dec-2022	The Vanguard Group,Inc.	SELL	2.13	Ordinary	(146,536)	(146,536)
16-Dec-2022	The Vanguard Group,Inc.	BUY	2.13	Ordinary	5,179	5,179
16-Dec-2022	The Vanguard Group,Inc.	BUY	2.14	Ordinary	1,391	1,391
16-Dec-2022	The Vanguard Group,Inc.	BUY	2.14	Ordinary	29,362	29,362
16-Dec-2022	The Vanguard Group,Inc.	BUY	2.13	Ordinary	109,289	109,289
22-Dec-2022	The Vanguard Group,Inc.	BUY	2.19	Ordinary	6,215	6,215
28-Dec-2022	The Vanguard Group,Inc.	BUY	2.12	Ordinary	26,388	26,388
29-Dec-2022	The Vanguard Group,Inc.	BUY	2.13	Ordinary	13,194	13,194
4-Jan-2023	The Vanguard Group,Inc.	BUY	2.20	Ordinary	6,188	6,188
5-Jan-2023	The Vanguard Group,Inc.	SELL	2.19	Ordinary	(174,877)	(174,877)
5-Jan-2023	The Vanguard Group,Inc.	BUY	2.21	Ordinary	627,332	627,332
6-Jan-2023	The Vanguard Group,Inc.	BUY	2.39	Ordinary	4,683	4,683
6-Jan-2023	The Vanguard Group,Inc.	BUY	2.39	Ordinary	13,194	13,194
20-Jan-2023	The Vanguard Group,Inc.	BUY	2.36	Ordinary	10,805	10,805
3-Feb-2023	The Vanguard Group,Inc.	SELL	2.04	Ordinary	(4,551)	(4,551)
9-Feb-2023	The Vanguard Group,Inc.	BUY	2.02	Ordinary	12,660	12,660
15-Feb-2023	The Vanguard Group,Inc.	BUY	1.91	Ordinary	12,660	12,660
21-Feb-2023	The Vanguard Group,Inc.	BUY	1.89	Ordinary	12,660	12,660
22-Feb-2023	The Vanguard Group,Inc.	BUY	1.87	Ordinary	112,050	112,050
22-Feb-2023	The Vanguard Group,Inc.	SELL	1.87	Ordinary	(18,675)	(18,675)
23-Feb-2023	The Vanguard Group,Inc.	BUY	1.95	Ordinary	4,752	4,752
27-Feb-2023	The Vanguard Group,Inc.	BUY	1.93	Ordinary	4,752	4,752
27-Feb-2023	The Vanguard Group,Inc.	BUY	1.93	Ordinary	12,660	12,660
1-Mar-2023	The Vanguard Group,Inc.	BUY	2.07	Ordinary	12,672	12,672
1-Mar-2023	The Vanguard Group,Inc.	BUY	2.07	Ordinary	21,100	21,100
1-Mar-2023	The Vanguard Group,Inc.	BUY	2.07	Ordinary	10,550	10,550
3-Mar-2023	The Vanguard Group,Inc.	BUY	2.18	Ordinary	329	329
8-Mar-2023	The Vanguard Group,Inc.	BUY	2.02	Ordinary	8,440	8,440
10-Mar-2023	The Vanguard Group,Inc.	SELL	1.94	Ordinary	(25,344)	(25,344)
13-Mar-2023	The Vanguard Group,Inc.	SELL	2.00	Ordinary	(9,504)	(9,504)
15-Mar-2023	The Vanguard Group,Inc.	SELL	2.09	Ordinary	(4,752)	(4,752)
15-Mar-2023	The Vanguard Group,Inc.	SELL	2.09	Ordinary	(6,336)	(6,336)
17-Mar-2023	The Vanguard Group,Inc.	BUY	2.12	Ordinary	280	280
17-Mar-2023	The Vanguard Group,Inc.	SELL	2.12	Ordinary	(523,600)	(523,600)
29-Mar-2023	The Vanguard Group,Inc.	SELL	2.33	Ordinary	(15,720)	(15,720)
31-Mar-2023	The Vanguard Group,Inc.	BUY	2.39	Ordinary	22,126	22,126
3-Apr-2023	The Vanguard Group,Inc.	BUY	2.33	Ordinary	13,603	13,603
5-Apr-2023	The Vanguard Group,Inc.	BUY	2.39	Ordinary	6,212	6,212
7-Dec-2022	Vanguard Investments Australia Ltd.	BUY	2.24	Ordinary	4,478	4,478
8-Dec-2022	Vanguard Investments Australia Ltd.	BUY	2.27	Ordinary	5,552	5,552
12-Dec-2022	Vanguard Investments Australia Ltd.	BUY	2.14	Ordinary	12,520	12,520
13-Dec-2022	Vanguard Investments Australia Ltd.	BUY	2.16	Ordinary	12,510	12,510
13-Dec-2022	Vanguard Investments Australia Ltd.	BUY	2.16	Ordinary	18,765	18,765
13-Dec-2022	Vanguard Investments Australia Ltd.	BUY	2.16	Ordinary	13,434	13,434
14-Dec-2022	Vanguard Investments Australia Ltd.	SELL	2.23	Ordinary	(36,308)	(36,308)
16-Dec-2022	Vanguard Investments Australia Ltd.	BUY	2.14	Ordinary	8,616	8,616
16-Dec-2022	Vanguard Investments Australia Ltd.	BUY	2.13	Ordinary	32,068	32,068
20-Dec-2022	Vanguard Investments Australia Ltd.	BUY	2.13	Ordinary	12,710	12,710
22-Dec-2022	Vanguard Investments Australia Ltd.	SELL	2.22	Ordinary	(22,878)	(22,878)
22-Dec-2022	Vanguard Investments Australia Ltd.	BUY	2.22	Ordinary	13,416	13,416
23-Dec-2022	Vanguard Investments Australia Ltd.	SELL	2.18	Ordinary	(15,240)	(15,240)
28-Dec-2022	Vanguard Investments Australia Ltd.	SELL	2.14	Ordinary	(44,415)	(44,415)
30-Dec-2022	Vanguard Investments Australia Ltd.	SELL	2.11	Ordinary	(40,075)	(40,075)
3-Jan-2023	Vanguard Investments Australia Ltd.	BUY	2.12	Ordinary	31,450	31,450
3-Jan-2023	Vanguard Investments Australia Ltd.	BUY	2.12	Ordinary	5,804	5,804

Page 1 of 2

Annexure A

Date of change	Person whose relevant interest changed	Nature of Change(6)	Consideration given in relation to change(7)	Class	Number of securities affected	Person's votes affected
13-Jan-2023	Vanguard Investments Australia Ltd.	SELL	2.34	Ordinary	(18,855)	(18,855)
17-Jan-2023	Vanguard Investments Australia Ltd.	BUY	2.34	Ordinary	13,122	13,122
18-Jan-2023	Vanguard Investments Australia Ltd.	BUY	2.33	Ordinary	2,902	2,902
20-Jan-2023	Vanguard Investments Australia Ltd.	SELL	2.33	Ordinary	(26,118)	(26,118)
24-Jan-2023	Vanguard Investments Australia Ltd.	SELL	2.27	Ordinary	(13,119)	(13,119)
24-Jan-2023	Vanguard Investments Australia Ltd.	SELL	2.27	Ordinary	(21,865)	(21,865)
24-Jan-2023	Vanguard Investments Australia Ltd.	SELL	2.27	Ordinary	(30,611)	(30,611)
24-Jan-2023	Vanguard Investments Australia Ltd.	SELL	2.27	Ordinary	(27,569)	(27,569)
25-Jan-2023	Vanguard Investments Australia Ltd.	SELL	2.28	Ordinary	(27,569)	(27,569)
1-Feb-2023	Vanguard Investments Australia Ltd.	SELL	2.08	Ordinary	(26,103)	(26,103)
3-Feb-2023	Vanguard Investments Australia Ltd.	BUY	2.08	Ordinary	24,940	24,940
3-Feb-2023	Vanguard Investments Australia Ltd.	SELL	2.08	Ordinary	(19,952)	(19,952)
13-Feb-2023	Vanguard Investments Australia Ltd.	BUY	1.91	Ordinary	18,345	18,345
13-Feb-2023	Vanguard Investments Australia Ltd.	BUY	1.91	Ordinary	8,746	8,746
17-Feb-2023	Vanguard Investments Australia Ltd.	BUY	1.88	Ordinary	19,456	19,456
20-Feb-2023	Vanguard Investments Australia Ltd.	BUY	1.89	Ordinary	8,746	8,746
21-Feb-2023	Vanguard Investments Australia Ltd.	BUY	1.90	Ordinary	18,165	18,165
21-Feb-2023	Vanguard Investments Australia Ltd.	SELL	1.90	Ordinary	(72,660)	(72,660)
22-Feb-2023	Vanguard Investments Australia Ltd.	BUY	1.89	Ordinary	12,120	12,120
23-Feb-2023	Vanguard Investments Australia Ltd.	BUY	1.96	Ordinary	8,768	8,768
27-Feb-2023	Vanguard Investments Australia Ltd.	BUY	1.92	Ordinary	8,748	8,748
28-Feb-2023	Vanguard Investments Australia Ltd.	SELL	1.97	Ordinary	(37,873)	(37,873)
1-Mar-2023	Vanguard Investments Australia Ltd.	BUY	2.06	Ordinary	17,940	17,940
1-Mar-2023	Vanguard Investments Australia Ltd.	SELL	2.06	Ordinary	(21,528)	(21,528)
1-Mar-2023	Vanguard Investments Australia Ltd.	BUY	2.06	Ordinary	4,380	4,380
3-Mar-2023	Vanguard Investments Australia Ltd.	BUY	2.18	Ordinary	15,496	15,496
7-Mar-2023	Vanguard Investments Australia Ltd.	BUY	2.11	Ordinary	8,674	8,674
8-Mar-2023	Vanguard Investments Australia Ltd.	BUY	2.01	Ordinary	13,017	13,017
10-Mar-2023	Vanguard Investments Australia Ltd.	BUY	1.97	Ordinary	18,075	18,075
13-Mar-2023	Vanguard Investments Australia Ltd.	SELL	2.03	Ordinary	(13,266)	(13,266)
14-Mar-2023	Vanguard Investments Australia Ltd.	BUY	2.12	Ordinary	24,200	24,200
14-Mar-2023	Vanguard Investments Australia Ltd.	BUY	2.12	Ordinary	12,999	12,999
15-Mar-2023	Vanguard Investments Australia Ltd.	BUY	2.13	Ordinary	35,813	35,813
16-Mar-2023	Vanguard Investments Australia Ltd.	BUY	2.15	Ordinary	24,280	24,280
20-Mar-2023	Vanguard Investments Australia Ltd.	SELL	2.32	Ordinary	(32,994)	(32,994)
20-Mar-2023	Vanguard Investments Australia Ltd.	SELL	2.32	Ordinary	(13,002)	(13,002)
21-Mar-2023	Vanguard Investments Australia Ltd.	BUY	2.30	Ordinary	19,635	19,635
22-Mar-2023	Vanguard Investments Australia Ltd.	SELL	2.19	Ordinary	(21,975)	(21,975)
24-Mar-2023	Vanguard Investments Australia Ltd.	BUY	2.33	Ordinary	15,780	15,780
4-Apr-2023	Vanguard Investments Australia Ltd.	BUY	2.33	Ordinary	20,010	20,010
4-Apr-2023	Vanguard Investments Australia Ltd.	BUY	2.33	Ordinary	4,362	4,362
5-Apr-2023	Vanguard Investments Australia Ltd.	BUY	2.40	Ordinary	112,315	112,315
5-Apr-2023	Vanguard Investments Australia Ltd.	BUY	2.40	Ordinary	8,678	8,678

This is Annexure A of 2 pages referred to in Form 603, Notice of initial substantial holder.

Signature: Name: Shawn Acker Capacity: Compliance Manager Date: 11 April 2023

Page 2 of 2