Resolute Mining Limited — Major Shareholding Notification 2009

Nov 26, 2009

ASX ANNOUNCEMENT

SUBSTANTIAL SHAREHOLDER NOTICE

Please find attached a copy of a substantial shareholder notice received by the Company.

For and on behalf of the Board

GREG FITZGERALD Company Secretary

27 November 2009

ALLIANCE LIFE COMMON FUND LTD

1/12 Via Simpliciano, Milan Italy

TO: Greg Fitzgerald - Resolute Mining

618 9322 7541

FM: Brad Goddard - ALCF

RE : Change in Substantial Shareholding Notice

Attached please find our Substantial Shareholding Notice of change in shareholding following our sale of RSG ords and switching into RSG convertible notes (with the exception of one trade).

Can you please forward notice to ASX

Regards

Brad Goddard

	Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

RESOLUTE Mining LTD To Company Name/Scheme $097088689$ ACN/ARSN

1. Details of substantial holder(1)

Name ACN/ARSN (if applicable)

Alliancé Life Common Funs LTD

There was a change in the interests of the substantial holder on

The previous notice was given to the company on The previous notice was dated

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's votes	Voting power (5)	Person's votes	Voting power (5)
R V	$10748920$ $28.1$		93599488	24.5%

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

Date ofchange	Person whoserelevant interestchanged	Nature ofchange $(6)$	Considerationgiven in relationto change $(7)$	Class andnumber ofsecuritiesaffected	Person's votesaffected
	APPEnDIX

4. Present relevant interests

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

Holder ofrelevantinterest	Registeredholder ofsecurities	Person entitledto be registeredas holder (8)	Nature ofrelevantinterest (6)	Class andnumber ofsecurities	Person's votes
	APPENDIX

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 and ACN/ARSN (if applicable)	Nature of association
APPROVISIE A

6. Addresses

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

Name	Address
HIVENDIE A
	The contract of the contract of

Signature

RRAD GODDARDprint name	DIRECTORcapacity
sign here	date

DIRECTIONS

• 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 ann $(1)$ equity mast, the names count be included in an amnextite to the num. In the relevant interests or a group or persons are essentially similar, they may be referred tothroughout the form as a specifically named group if the form
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
• $(6)$ Include details of
  • any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any any relevant agreement or other circumstances because or which are change in relevant interest bucured. It subsection or ruth applies, a copy or alldocument setting out the terms of any relevant agreement, and a statement $(a)$ 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.

• 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, becom e 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 entitled to receive in relation to that acquisition $(7)$ the relevant interest was acquired.
• If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown". $(R)$
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$

Resolute Mining Ltd - acn 097 088 689

Changes in relevant interests $3.$

Date ofchange	Person whoserelevant interestchanges	Nature ofchange	Considerationgiven inrelation tochange	Class andnumber ofsecurities	Person'svotesaffected
22-Oct-09	Alliance Life CommonFund Ltd	On MarketSale	785,196	990,908	0.26%
09-Nov-09	Alliance Life CommonFund Ltd	On MarketSale	1,384,864	1,622,000	0.42%
10-Nov-09	Alliance Life CommonFund Ltd	On MarketSale	1,194,635	1,358,908	0.36%
11-Nov-09	Alliance Life CommonFund Ltd	On MarketSale	435,000	500,000	0.13%
13-Nov-09	Alliance Life CommonFund Ltd	On MarketSale	597,000	600,000	0.16%
13-Nov-09	Eclectic InvestmentTrust PLC	On MarketSale	114,043	114,696	0.03%
16-Nov-09	Alliance Life CommonFund Ltd	On MarketSale	209,481	200,000	0.05%
17-Nov-09	Alliance Life CommonFund Ltd	On MarketSale	1,175,460	1,100,000	0.29%
18-Nov-09	Alliance Life CommonFund Ltd	On MarketSale	555,000	500,000	0.13%
19-Nov-09	Alliance Life CommonFund Ltd	On MarketSale	2,180,000	2,000,000	0.52%
23-Nov-09	Alliance Life CommonFund Ltd	On MarketSale	3,275,100	3,000,000	0.78%
24-Nov-09	Alliance Life CommonFund Ltd	On MarketSale	1,539,500	1,380,000	0.36%
25-Nov-09	Alliance Life CommonFund Ltd	On MarketSale	550,000	500,000	0.13%
25-Nov-09	Custodial CapitalManagement Pty Ltd	On MarketSale	22,195	20,000	0.01%

$\bar{r}$

This is Appendix A of 2 pages referred to in form 604 - Notice of change in substantial shareholder

Resolute Mining Ltd - acn 097 088 689

Present relevant interests $\overline{4}$

Holderof relevant interest	Registered holder ofsecurities	Person entitled to beregistered as holder	Nature ofrelevantinterest	Class andnumber ofsecurities	Person'svotes
Ingot Capital	Ingot CapitalInvestments Pty Ltd	Ingot CapitalInvestments Pty Ltd	Beneficialowner	45,000	0.0%
Investments Pty LtdAlliance Life Common	SAC All Ordinaries Index	Alliance Life CommonFund Ltd	Beneficialowner	35,238,604	9.2%
Fund LtdCustodial Asset	Fund Pty LtdHSBC Custody	Custodial AssetFinance Pty Ltd	Beneficialowner	16,230,000	4.2%
Finance Pty LtdCustodial Capital	NomineesCustodial Capital	Custodial CapitalManagement Pty Ltd	Beneficialowner	4,492,450	1.2%
Management Pty LtdAlliance Life Common	Management Pty LtdANZ Custodians	Alliance Life CommonFund Ltd	Beneficialowner	1,978,485	0.5%
Fund LtdAlliance Life Common	HSBC Custody	Alliance Life CommonFund Ltd	Beneficialowner	24,562,949	6.4%
Fund LtdAlliance Life CommonFund Ltd	NomineesNational Nominees	Alliance Life CommonFund Ltd	Beneficialowner	11,052,000	2.9%

Changes in association 5

Name and acn

SAC All Ordinaries Index Fund Pty Ltd 076 873 544 086 257 365 Custodial Asset Finance Pty Ltd 006 538 147 Ingot Capital Investments Pty Ltd Eclectic Investment Trust PLC

Addresses 6

Name

Alliance Life Common Fund Ltd Custodial Asset Finance Pty Ltd Custodial Capital Management Pty Ltd SAC All Ordinaries Index Fund Pty Ltd Ingot Capital Investments Pty Ltd Eclectic Investment Trust PLC

Nature of association

Common directors and fund manager

Address

2/12 Via San Simpliciano, Milan, Italy PO Box 2073, Rose Bay North, NSW, 2030 PO Box 2073, Rose Bay North, NSW, 2030 PO Box 2073, Rose Bay North, NSW, 2030 PO Box 2073, Rose Bay North, NSW, 2030 Springfield Lodge, Colchester Road, Chelmsford Essex CM2 5PW, United Kingdom

Brad Goddard - Director

shold

Date

26/11/09