PERSEUS MINING LIMITED — Major Shareholding Notification 2023

Mar 22, 2023

605 page 1/2

15 July 2001

Corporations Act 2001 Section 671B

Form 605

Notice of ceasing to be a substantial holder

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To Company Name/Scheme Perseus Mining Limited
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ACN/ARSN 1. Details of substantial holder (1) Name ACN/ARSN (if applicable) The holder ceased to be a substantial holder on The previous notice was given to the company on The previous notice was dated		106 808 986
		Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those
		listed in Annexure A)
		N/A
		17 March 2023 10 January 2023 10 January 2023

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 change Person whose relevant interest changed Nature of change (4) Consideration given in relation to change (5) Class (6) and number of securities affected	Person's votes affected
See Annexure A	Vanguard Group now holds 4.995% of voting power

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:

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Name and ACN/ARSN (if applicable) Nature of association
N/A N/A
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
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4. Addresses

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

Signature print name sign here	Shawn Acker capacity Compliance Manager
	date 22 March 2023

605 page 2/2

15 July 2001

DIRECTIONS

• (1) 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 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.

• (2) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (3) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (4) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. 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.

• (5) 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, 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.

• (6) The voting shares of a company constitute one class unless divided into separate classes.

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

Annexure A

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To Company Perseus Mining Limited
ACN/ARSN 106 808 986
Substantial Holder Name Vanguard Group
ACN/ARSN N/A
Consideration
given in relation Number of securities Person's votes
Date of change Person whose relevant interest changed Nature of Change(6) to change(7) Class affected affected
6-Jan-2023 The Vanguard Group, Inc. BUY 2.39 Ordinary 13,194 13,194
6-Jan-2023 The Vanguard Group, Inc. BUY 2.39 Ordinary 4,683 4,683
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 12,660 12,660
27-Feb-2023 The Vanguard Group, Inc. BUY 1.93 Ordinary 4,752 4,752
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
1-Mar-2023 The Vanguard Group, Inc. BUY 2.07 Ordinary 12,672 12,672
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. SELL 2.12 Ordinary (523,600) (523,600)
17-Mar-2023 The Vanguard Group, Inc. BUY 2.12 Ordinary 280 280
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 (30,611) (30,611)
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 (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
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This is Annexure A of 1 page referred to in Form 605, Notice of ceasing to be a substantial holder.

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Signature: Name: Shawn Acker Capacity: Compliance Manager Date: 22 March 2023

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