POLARX LIMITED — Major Shareholding Notification 2017

Jul 26, 2017

Form 603 Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme	Coventry Resources Limited (Company)
ACN/ARSN	161 615 783
1. Details of substantial holder (1)
Name	Jupiter Asset Management Limited (JAM) in its capacity as discretionary investment manager of the Jupiter Asian Fund and each of the related bodies corporate of JAM as set out in Annexure A (Jupiter Group)
ACN/ARSN (if applicable)	N/A
The holder became a substantial holder on	25/07/2017

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 shares	40.000.000	40.000.000	.44%

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
JAM	Relevant interest under section 608(1) of the Corporations Act 2001 (Cth) (Act) as the registered holder of the shares	40,000,000 ordinary shares
Jupiter Fund Management plc (JFM) and each other member of the Jupiter Group	Each entity is an associate of and/or controls JAM, and accordingly has a relevant interest in the same shares lunder paragraphs 608(3)(a) and/or 608(3)(b) of the Act. (As none of these entities are entitled to be registered as holder of the shares, each entity's ability to vote and dispose of these shares is qualified accordingly.)	40,000,000 ordinary shares

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	Registered holder of	Person entitled to be	Class and number
interest	securities	registered as holder (8)	of securities
JAM. JFM other and each Imember of the Jupiter Group	JAM	JAM.	40,000,000 ordinary shares

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
		Cash	Non-cash
JAM, JFM and each other member of the Jupiter Group	25 July 2017	0.02		40,000,000 ordinary shares

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
The Jupiter Group (see Annexure A)	JJAM is an associate of JFM under section 12(2)(a) because it is a wholly owned subsidiary of JFM and is an associate of each other member of the Jupiter Group under section $12(2)(a)$ of the Act because all of these entities are controlled by JFM.

7. Addresses

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

Name	Address
JAM and the Jupiter Group	See Annexure A

Signature

print name	Lance DeLuca	capacity	Joint Chief Operating Officer
sign here		date	26/07/2017
			____

DIRECTIONS

• 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 ann $(1)$ 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.
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• $(5)$ 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.
• Include details of: $(7)$
• any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any $(a)$ 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.

• 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." $(8)$
• $(9)$ Details of the consideration must include any and all benefits, moneys 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.

Annexure A

JUPITER ASSET MANAGEMENT LIMITED

This is Annexure 'A' of 1 page referred to in Form 603 (Notice of initial substantial holder) signed by me and dated as below.

sign here

print name

Lance DeLuca Joint Chief Operating Officer

date 26th July 2017

Entity	Address
JAM	The Zig Zag Building, 70 Victoria Street, London, SW1E 6SQ, United Kingdom
JFM	The Zig Zag Building, 70 Victoria Street, London, SW1E 6SQ, United Kingdom
Jupiter Fund Management Group Limited	The Zig Zag Building, 70 Victoria Street, London, SW1E 6SQ, United Kingdom
Jupiter Asset Management Group Limited	The Zig Zag Building, 70 Victoria Street, London, SW1E 6SQ, United Kingdom
Knightsbridge Asset Management Limited	The Zig Zag Building, 70 Victoria Street, London, SW1E 6SQ, United Kingdom
Jupiter Investment Management Group Limited	The Zig Zag Building, 70 Victoria Street, London, SW1E 6SQ, United Kingdom
Jupiter Unit Trust Managers Limited	The Zig Zag Building, 70 Victoria Street, London, SW1E 6SQ, United Kingdom
Jupiter Asset Management (Asia) Private Limited	30 Raffles Place, #11-00, Chevron House, Singapore (048622)
Jupiter Asset Management (Hong Kong) Limited	6/F Alexandra House, 18 Chater Road, Central, Hong Kong
Jupiter Asset Management (Switzerland) AG	Bahnhofstrasse, 98-100, 8001 Zurich
Jupiter Investment Trust Limited	The Zig Zag Building, 70 Victoria Street, London, SW1E 6SQ, United Kingdom
Jupiter Asset Management (N. America) Inc.	Corporation Trust Centre, 1209 Orange Street, Wilmington, New Castle, Delaware, United States, 19801
Jupiter Asset Management (Canada) Limited	45 O'Connor Street, Suite 1500, Ottawa, Ontario, K1P 1A4, Canada
Tyndall Holdings Limited	The Zig Zag Building, 70 Victoria Street, London, SW1E 6SQ, United Kingdom
Tyndall Investments Limited	The Zig Zag Building, 70 Victoria Street, London, SW1E 6SQ, United Kingdom