RAND MINING LIMITED — Major Shareholding Notification 2007

Apr 19, 2007

SHAW STOCKBROKING

18 April 2007

Rand Mining NL Attn: Otokar Demis Company Secretary Suite G1, 49 Melville Parade SOUTH PERTH WA 6151

By fax: 08 9367 9386 By fax: 1900 999 279

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$\sim$ $\sim$

Dear Mr Demis.

NOTICE OF CEASING TO BE A SUBSTANTIAL HOLDER RE: MCNEIL NOMINEES PTY LIMITED

In accordance with section 671B of the Corporations Act please find enclosed McNeil Nominee Pty Limited's Notice of Ceasing to be a Substantial Holder in Rand Mining NL

Yours faithfully,

Craig Sidney Company Secretary McNeil Nominees Pty Limited

SHAW Stockbroking Limited A.B.N. 24 003 221 583 Participant of ASX Group and holder of Australian Financial Services Licence No 236048

Level 16, 60 Castlereagh Street, Sydney NSW 2000 ▶ Tel (02) 9238 1238 Fax (02) 9232 1296 Toll Free 1800 636 625 GPO Box 3604, Sydney NSW 2001 DX SSE 10390

This information is for your solution and plifting that in means of a small care and engineery and the common dations in this cocurrent, no responsibility can be taken for orthred and confestions, either as in matters of judgement or fact. The company, its authorited representatives and their respective officers and employees may have a pecuriary or cther interest in the matter discussed and/or in the securities memioned.

Form 605

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Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To: Company Name/Scheme	RAND MINING NL
ACN / ARSN	004 669 658
1. Details of substantial holder (1)
Name	MCNEIL NOMINEES PTY LIMITED
ACN / ARSN (if applicable)	003 207 592
There holder ceased to be asubstantial holder on	'04/200718
The previous notice was given tothe company on	1200227/05
The previous notice was dated	/06$\frac{2}{2}$04

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 ofThe company or scheme, since the substantial holder was last required follows:

		Date of change	Parson whoserelevant interestchanged	Nature of change (4)	Considerationgiven in relationto change (5)	Class (6) andnumber of securitiesaffected	Person's votesaffected
18	۵4	/2007	MCNEIL NOMINEES	DECREASE	$48559.23	116,000	0.07%

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, thesubstantial holder in relation to voting interests in the company or scheme are as fo

Name and ACN/ARSN(il applicable)	Nature of Association
l N/A

4. Addresses

ŧ

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

Name	Address
I MCNEIL NOMINEES PTY LTD.	LEVEL 16, 60 CASTLEREAGH STREET, SYDNEY NSW 2001

SHAW STOCKBROKING 61 2 92211370

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Signature

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 membarship of eachgroup, with the names and addresses of members is clearly set out in paragraph 4 of the f
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(2)$
• $(3)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• $(4)$ Includes details of:
  • any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) $(a)$ 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 for 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 securitios to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was ac-quired has, or may, become entitled to receive in relation to that acquisition. Details $(5)$ 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 acquisition, 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.
• $(8)$ Give details, if appropriate of the present association and any change in that association since the last substantial holding notice.

	RAND MINING NI
DATE OF CHANGEPERSON WHOSE RELEVANTINTEREST CHANGED	NATURE OF CHANGE	W RELATIONCONSIDERATIđĝ	SECURITIESNUMBER OFGLASSS &		SHIPSPERSON'S
		CHANGE	AFFECTED		AFFECTED
27/05/2002		BALANCE	2,036,986		547%
NONOR MONEY NONNER PLY LIMED	INCREASE ISSUED CAPITAL		2,036,986
G9/04/2005 MCMEIL NOMINEES PTY LIMITED	INCREASE ISSUED CAPITAL		2,036,986
CONSIGNATION CONSIDER PTY LIMITED	DECREASE IN HOLDING	1550
GOOD MONET NOWNERS PTY LIMITED	INCREASE IN HOLDING	23,861ខនន	18,00099,00097,000	3333338	5385528845428888
GOOGLADOM MONEY LONDRING DIY LIMITED	MOREASE M HOLDING	24,698
		CURRENT HOLD옹	1,902,986	공8	ものぐ

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