REDIVIUM LIMITED — Major Shareholding Notification 2012

Apr 26, 2012

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CHANGE IN SUBSTANTIAL SHAREHOLDING

26 April 2012

Hannans Reward Limited ( Hannans )(ASX:HNR) advises that the relevant interest in Scandinavian Resources Ltd ( SCR )(ASX:SCR) has declined from the previous notice lodged on 26 April 2012 due to the issue of 20,000,000 shares by SCR.

Including acceptances received by Hannans today from SCR shareholders for the off market takeover and dilution due to the issue of shares the relevant interest held by Hannans in SCR has changed from 19.03% to 17.27%.

Yours faithfully

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Michael Craig Company Secretary

For further information please contact:

Hannans Reward Limited Professional Public Relations Ben Della-Vedova James Harris Business Development Manager Tel: +61 8 9388 0944 Tel: +61 8 9324 3388

About Hannans Reward

Hannans has built up a diverse portfolio of tenements and target commodities which includes nickel, gold, base metals and iron. Hannans Projects include:

• (a) Forrestania Project (east of Hyden, Western Australia) - nickel, gold and iron;

• (b) Queen Victoria Rocks Project (south-west of Coolgardie, Western Australia) - nickel and gold;

• (c) Lake Johnston Project (west of Norseman, Western Australia) - nickel and gold; and

• (d) East Pilbara Project (east of Newman, Western Australia) - base metals and gold.

As at 24 April 2012, Hannans had 1,708 Shareholders and a market capitalisation of approximately $11.2 million.

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Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder	Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder	Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder	Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder	Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder	Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder	Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder	Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder	Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder
ToCompany Name/Scheme SCANDINAVIAN RESOURCESLTD(Scandinavian) ACN/ARSN 132035 842 1. Details of substantial holder(1) Name HANNANSREWARD LTD includingwholly owned subsidiaryHR EQUITIESPTY LTD(Hannans) ACN/ARSN (if applicable) Hannans Reward Ltd(099 862 129),HR Equities PtyLtd(125 537 019) There was a change in the interests of the substantial holder on 26/04/2012 The previous notice was given to the company on 25/04/2012 The previous notice was dated 25/04/2012 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: Class of securities (4) Previous notice Present notice Person’svotes Voting power(5) Person’svotes Voting power ORDINARY FULLY PAID SHARES(ORD) 21,801,469 19.03% 23,236,469 17.27% 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 are as follows: Date of change Person whose relevant interest changed Nature of change (6) Consideration given in relation to change (7) Class and number of securities affected Person’s votes affected 26/04/2012 Hannans Dilution due to issue of 20 million Scandinavian ordinary shares onexercise ofoptions - - - 25/04/12 Hannans Acquisition of relevant interest in Scandinavian upon acceptances of Hannans offer dated 3 April 2012 contained in the Bidders Statement dated20March 2012(Offer) 3 Hannans shares for every 1 Scandinavian share, subject to the term of the Offer 1,435,000 1,435,000 4. Present relevant interests Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:			SCANDINAVIAN RESOURCESLTD(Scandinavian)
			132035 842
			HANNANSREWARD LTD includingwholly owned subsidiaryHR EQUITIESPTY LTD(Hannans)
			Hannans Reward Ltd(099 862 129),HR Equities PtyLtd(125 537 019)
	Holder of relevant interest	Registered holder of securities		Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person’s votes
	Hannans	Hannans		Hannans	Shareholder	19,605,235 Ordinary Shares	19,605,235
	Hannans	Hannans		Hannans	Relevant interest under section 608(1) of the Corporations Act 2001pusuant to acceptances of the Offer	3,631,234 Ordinary shares	3,631,234

Holder of relevant	Registered	Person entitled to be	Nature of relevant	Class and	Person’s
interest	holder of	registered as holder	interest (6)	number of	votes
	securities	(8)		securities
Hannans	Hannans	Hannans	Shareholder	19,605,235	19,605,235
				Ordinary Shares
Hannans	Hannans	Hannans	Relevant interest under	3,631,234	3,631,234
			section 608(1) of the	Ordinary shares
			Corporations Act
			2001pusuant to
			acceptances of the Offer

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

	Name andACN/ARSN(ifapplicable)	Nature ofassociation
	N/A
	f persons named in this form are:
	Name	Address
	HANNANS REWARD LTD	6 OUTRAM STREET,WEST PERTH,WA 6005
	HR EQUITIESPTY LTD	6 OUTRAMSTREET,WEST PERTH,WA6005

6. Addresses

The addresses of persons named in this form are:

Signature

MICHAEL CRAIG, COMPANY SECRETARY print name

sign here date 26 APRIL 2012

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 clearly set out in paragraph 6 of the form.

• (2) See the definition of “associate” in section 9 of the Corporations Act 2001.

• (3) See the definition of “relevant interest” in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.

(6) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) 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 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.

• (7) 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.

• (8) If the substantial holder is unable to determine the identify of the person (eg. if the relevant interest arises because of an option) write “unknown”.

• (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.