RAMELIUS RESOURCES LIMITED — Major Shareholding Notification 2021

May 20, 2021

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Rumr LLP 80 Victoria Street L,ondon SW]ESJL Fax +44 (0)20 7963 8175 www.rH#Dr.co.uk

20 May 2021

The Manager Company A : i: Office ASX Limited 20 Bridge Street Sydney NSW 2000

By electranic lodgement

Desr Sir/Madam

Re: Notice ofem,ing to be ^a =bstanlial holder -Ramelt= Res,Mirces Umil

We enclose notice of a ceadns to be a substantial holder in Rmnelius Rego,irces Liinited. This notice is given by Ruffer I I.P.

Yours faithfully

Tony Allen

Attach.

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme	Ramelius Resources Limited
ACN/ARSN	001 717 540
1. Details of substantial holder(1)
Name CAN/ARSN (if applicable)	Ruffer LLP
The holder ceased to be a substantial holder on The previous notice was given to the company The previous notice was dated		18/05/2021 13/11/2020 13/11/2020

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

Date of change	Person whose relevant interest	Nature of change (4)	Consideration given in relation to change(5)	Class (6) and number of	Person's votes affected
	See Annexure $A^{\dagger}$

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:

Name and CAN/ARSN (if applicable)	Nature of association
N/A	N/A

4. Addresses

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

. Name	Address
Ruffer LLP	180 Victoria Street, London, SW1E 5JL.

Signature

print name Tony Allen

capacity Compliance Manager

sign here Filth

date 20 / 05 / 2021

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 deally 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.
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(3)$
• $(4)$ Include details of:
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 6718(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
• 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 $(b)$ 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.
• $\langle B \rangle$ 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.

GUIDE This guide does not form part of the prescribed form and is included by ASIC to assist you in completing and lodging form 605.

Annexure A

This is Annexure A of 2 pages referred to in Form 604 – Notice of change of interests of substantial holder.

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change $(7)$	Class and number ٥f securities affected	Person's votes affected
10/03/2021	Ruffer LLP	Sale of ordinary shares	AUD \$1,181,600.00	800,000 Ordinary Shares	800,000
11/03/2021	Ruffer LLP	Sale of ordinary shares	AUD \$115,283.20	72,052 Ordinary Shares	72,052
18/03/2021	Ruffer LLP	Sale of ordinary shares	AUD \$1,158,893.22	727,948 Ordinary Shares	727,948
09/04/2021	Ruffer LLP	Sale of ordinary shares	AUD \$1,251,300.00	750,000 Ordinary Shares	750,000
14/04/2021	Ruffer LLP	Sale of ordinary shares	AUD \$443,868.96	256,379 Ordinary Shares	256,379
16/04/2021	Ruffer LLP	Sale of ordinary shares	AUD \$1,327,575.00	750,000 Ordinary Shares	750,000
22/04/2021	Ruffer LLP	Sale of ordinary shares	AUD \$1,558,225.91	860,043 Ordinary Shares	860,043
10/05/2021	Ruffer LLP	Sale of ordinary shares	AUD \$1,842,300.00	1,000,000 Ordinary Shares	1,000,000
18/05/2021	Ruffer LLP	Sale of ordinary shares	AUD \$1,130,696.24	584,974 Ordinary Shares	584,974

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