RECCE PHARMACEUTICALS LTD — Major Shareholding Notification 2017

Oct 24, 2017

604 page 1/2 15 July 2001

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme Recce Ltd ACN/ARSN 124 849 065

1. Details of substantial holder(1)

Name Graham John Hamilton Melrose and Olga Mary Melrose ACN/ARSN (if applicable) There was a change in the interests of the substantial holder on 25/10/2017 The previous notice was given to the company on 15/01/2017 The previous notice was dated 15/01/2017

2. Previous and present 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 when last required, and when now required,to give a substantial holding notice to the company or scheme, are as follows:

Person's votes	Previous notice		Present notice
	Voting power (5)	Person's votes	Voting power (5)
30,375,003	39.27%	30,375,003	35.52%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate 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 interestchanged	Nature of change (6)	Consideration givenin relation to change(7)	Class and number ofsecurities affected	Person's votesaffected
25/10/2017	Graham John HamiltonMelrose & Olga MaryMelrose	Dilution in votingpower as a result ofshares issued to theAustralian SpecialOpportunity Fund, LPand shares issuedpursuant to the SharePurchase Plan	N/A	N/A	N/A

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevantinterest	Registered holder ofsecurities	Person entitled to beregistered as holder (8)	Nature of relevant interest(6)	Class and number ofsecurities	Person's votes
Graham JohnHamilton Melrose& Olga MaryMelrose	Graham JohnHamilton Melrose& Olga MaryMelrose	Graham JohnHamilton Melrose& Olga MaryMelrose	Joint owners	30,375,003 fullypaid ordinaryshares	30,375,003