QUANTUM GRAPHITE LIMITED — Major Shareholding Notification 2014

Jan 2, 2014

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VALENCE INDUSTRIES LIMITED

60 Hindmarsh Square, Ground Floor Adelaide South Australia 5000 AUSTRALIA

24 December 2013

Mr Nathan Bartrop Senior Adviser Listings Compliance ASX Compliance Pty Ltd 20 Bridge Street SYDNEY NSW 2000

Top 20 Holders

Schedules setting out the top 20 holders for each class of quoted security are attached.

Yours sincerely,

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Jaroslaw (Jarek) Kopias Company Secretary Valence Industries Ltd

www.valenceindustries.com

ASIA PACIFIC I NORTH AMERICA I EUROPE

ABN 41 008 101 979

PAGE NUMBER : 1 REPORT DATE : 03/01/2014 REPORT TIME : 09.13.41

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VALENCE INDUSTRIES LIMITED

FIRST 20 INVESTORS REPORT

FIRST 20 INVESTORS REPORT
FRIDAY 3 JANUARY 2014 Available Rank Investor Balance Sec. Group: 1 - ORD SHARES 1 STRATEGIC ENERGY RESOURCES LTD 21,788,907 2 AVATAR ENERGY PTY LTD 7,678,030 3 E E R C AUSTRALASIA PTY LTD 6,631,470 4 CHIMAERA CAPITAL LIMITED 3,750,000 5 MR MARK ANTHONY MUZZIN 3,187,500 6 HSBC CUSTODY (NOMINEES) 3,000,000 LIMITED 7 J P MORGAN NOMINEES AUSTRALIA 2,808,628 LIMITED 8 MR CARL ERIC HOLT + 2,750,000 MRS LORRAINE HOLT 9 ABN AMRO CLEARING SYDNEY PTY 2,500,000 LTD 10 BNP PARIBAS SECURITY SERVICES 2,500,000 SERVICES - USLIMO A/C> 11 CITICORP NOMINEES PTY LIMITED 1,753,258 12 WHITESMAN INVESTMENTS PTY LTD 1,618,557 13 HSBC CUSTODY NOMINEES 1,559,932 (AUSTRALIA) LIMITED 14 PACIFIC CUSTODIANS PTY LIMITED 1,553,931 15 G & N LORD SUPERANNUATION PTY 1,500,000 LTD 16 MR CARL ERIC HOLT + 1,000,000 MRS LORRAINE HOLT 17 INSYNC INVESTMENTS PTY LTD 1,000,000	% Issued Capital
	14.60% 5.15% 4.44% 2.51% 2.14% 2.01% 1.88% 1.84% 1.68% 1.68% 1.17% 1.08% 1.05% 1.04% 1.01% .67% .67%

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PAGE NUMBER : 2 REPORT DATE : 03/01/2014 REPORT TIME : 09.13.41

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VALENCE INDUSTRIES LIMITED

FIRST 20 INVESTORS REPORT

FRIDAY 3 JANUARY 2014

		FIRST 20 INVESTORS REPORT FRIDAY 3 JANUARY 2014
	Rank 18 19 20	Investor A P REYEM PTY LIMITED MR MAKRAM HANNA + MRS RITA HANNA STUART TURNER	Available Balance 948,750 927,500 799,000	% Issued Capital
				.64% .62% .54%
		Investors TOTAL FOR TOP 20: 69,255,463 20		46.41%
		Investors TOTAL IN THIS REPORT: 69,255,463 20 TOTAL OTHER INVESTORS: 79,965,589 3,737 GRAND TOTAL: 149,221,052 3,757 end of report		46.41% 53.59% 100.00%

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PAGE NUMBER : 1 REPORT DATE : 03/01/2014 REPORT TIME : 09.13.05

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VALENCE INDUSTRIES LIMITED

VALENCE INDUSTRIES LIMITED
FIRST 20 INVESTORS REPORT FRIDAY 3 JANUARY 2014 Rank Investor Sec. Group: 2 - LISTED OPTS 1 CHIMAERA CAPITAL LIMITED 2 COLBERN FIDUCIARY NOMINEES PTY LTD 3 HSBC CUSTODY (NOMINEES) LIMITED 4 BNP PARIBAS SECURITY SERVICES SERVICES - USLIMO A/C> 5 G & N LORD SUPERANNUATION PTY LTD 6 INSYNC INVESTMENTS PTY LTD 7 BEIRNE TRADING PTY LTD 8 SOMNUS PTY LTD 9 HOWARD TRADING CO PTY LTD 10 HOPPSCOTCH PTY LTD 11 MR CARL ERIC HOLT + MRS LORRAINE HOLT 12 KIRZY PTY LTD 13 TONY WHITE PTY LTD 14 MRS SARAH KAY DALY 15 MR ROSS EDWARD GUSTAFSON 16 NEXT AUSTRALIA PTY LTD 17 GUSKICH TRADING & INVESTMENT PTY LTD	Available Balance 5,625,000 3,475,000 3,000,000 2,500,000 2,125,000 1,375,000 900,000 862,500 850,000 812,500 750,000 750,000 750,000 625,000 562,500 562,500 525,000	% Issued Capital
		10.60% 6.55% 5.66% 4.71% 4.01% 2.59% 1.70% 1.63% 1.60% 1.53% 1.41% 1.41% 1.41% 1.18% 1.06% 1.06% .99%

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PAGE NUMBER : 2 REPORT DATE : 03/01/2014 REPORT TIME : 09.13.05

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VALENCE INDUSTRIES LIMITED

FIRST 20 INVESTORS REPORT FRIDAY 3 JANUARY 2014

		FIRST 20 INVESTORS REPORT FRIDAY 3 JANUARY 2014
	Rank 18 19 20	Investor MRS PETREA KRISTINE MCGHEE STUART TURNER MRS MARGARET NOEL GRIFFITHS + MR PAUL ROBERT GRIFFITHS	Available Balance 512,500 511,500 500,000	% Issued Capital
				.97% .96% .94%
		Investors TOTAL FOR TOP 20: 27,574,000 20		51.98%
		Investors TOTAL IN THIS REPORT: 27,574,000 20 TOTAL OTHER INVESTORS: 25,474,678 550 GRAND TOTAL: 53,048,678 570 end of report		51.98% 48.02% 100.00%

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